The service cost for the year was $42,000.
To find the service cost, we'll use the following information provided in the report: ending PBO (Projected Benefit Obligation) of $114,000, benefits paid to retirees of $10,500, interest cost of $7,500, and a discount rate of 10%.
First, we need to determine the beginning PBO. We'll use the formula:
Beginning PBO + Service Cost + Interest Cost - Benefits Paid = Ending PBO
Let's rearrange the formula to solve for the service cost:
Service Cost = Ending PBO - Beginning PBO - Interest Cost + Benefits Paid
We know the ending PBO ($114,000), interest cost ($7,500), and benefits paid ($10,500). We can calculate the beginning PBO using the interest cost and discount rate:
Interest Cost = Beginning PBO * Discount Rate
$7,500 = Beginning PBO * 10%
Now, divide both sides by 10%:
Beginning PBO = $7,500 / 10% = $75,000
Now, we can plug the values into the formula:
Service Cost = $114,000 - $75,000 - $7,500 + $10,500
Service Cost = $39,000 - $7,500 + $10,500
Service Cost = $42,000So,
Therefore, the service cost for the year was $42,000.
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What is the first step in the federal budget process?
a. Congress debates and compromises on a budget
b. Federal agencies propose spending
c. Executive branch creates a budget
d. President signs or vetoes budget
Answer:
executive branch create a budget
Explanation:
i think in every budget process the first step is to plan or create a budget
The Executive branch creates a budget, which is the Frist step in the federal budget process. Therefore option C is correct.
What is Budget?
A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year.
You can always have enough money for the things you need and the things that are crucial to you because budgeting helps you to make a spending plan for your money. Maintaining a budget or spending plan will also assist you in remaining out of debt or, if you are already in debt, in overwhelming it.
Depending on the specific area of the business that has to be prioritized, different budgets can be prepared. Below are three examples of common budgeting plans.
Forecast Budget
Performance Budget
Cash Budget
Hence, firstly executive branch creates a budget.
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which of the following approaches might be used to manage the similarity/attraction phenomenon in an organization? group of answer choices provide management training programs that make managers aware of the similarity/attraction phenomenon. match new employees to mentors that are similar in terms of race, gender, or tenure. allow new employees to decide for themselves who they work best with. develop a recruiting program based upon peer referrals.
One approach that might be used to manage the similarity/attraction phenomenon in an organization is to that make managers aware of the similarity/attraction phenomenon.
Make attraction phenomenon in an organizationProvide management training programs can help managers recognize and address potential biases and ensure that all employees are treated fairly and given equal opportunities.
Another approach is to match new employees to mentors that are similar in terms of race, gender, or tenure. This can help new employees feel more comfortable and supported in the organization and may lead to better retention rates.
However, it is also important to allow new employees to decide for themselves who they work best with. This can help ensure that employees are able to form genuine and productive working relationships.
Finally, developing a recruiting program based upon peer referrals can also be an effective approach. This can help ensure that new employees are a good fit for the organization and can also help build a strong and cohesive team.
Overall, there are several approaches that can be used to manage the similarity/attraction phenomenon in an organization, including providing management training, matching new employees with similar mentors, allowing employees to choose their own working relationships, and developing a recruiting program based on peer referrals.
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Kim works for a clothing manufacturer as a dress designer. During 2021, she travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows:
Airfare $1,500
Lodging (8 nights) 1,920
Meals at local restaurants (8 days) 1,440
Airport transportation 120
Assume lodging/meals are the same amount for the business and personal portion of the trip ($240 per day for lodging and $180 per day for meals).
If an amount is zero, enter "0".
a. Determine Kim's business expenses, presuming no reimbursement.
Airfare Lodging Meals Transportation Total What amount may she deduct on her tax return?
The possibility always exists that taxpayers will attempt to treat vacation or pleasure travel as deductible business travel. To prevent such practices, the law contains restrictions on certain travel expenses.
b. Would the tax treatment of Kim's deduction differ if she was an independent contractor?
The deductible expenses on her tax return would be ___ and the expenses would be classified as ___
a. Kim may deduct the total amount of $3,720 on her tax return as business expenses.
b. The deductible expenses on her tax return would still be $3,720, and the expenses would be classified as ordinary and necessary business expenses
a. Kim's business expenses are as follows:
Airfare: $1,500
Lodging (5 nights): $1,200
Meals at local restaurants (5 days): $900
Airport transportation: $120
Total business expenses: $3,720
Kim may deduct the total amount of $3,720 on her tax return as business expenses.
b. The tax treatment of Kim's deduction would not differ based on her status as an independent contractor. The deductible expenses on her tax return would still be $3,720, regardless of her employment status. However, it's important to note that the expenses would be classified as ordinary and necessary business expenses. This classification is applicable to both employees and independent contractors who incur expenses directly related to their business activities.
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1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
The application of scientific knowledge to the development and improvement of goods and services is generally referred to as ______. Multiple choice question. technology information production
Answer:
Technology.
Explanation:
As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Over the last fifty years both real GDP and prices have trended upward in most countries. Continuing real GDP growth and inflation can be explained by
The continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
Every country have improved massively especially in production of goods and services because of technological progress
Also, an increase in money supply are achieved because of various effective economic policies implemented by the economic team of many countries.Hence, the Option C is correct because the continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
The missing options includes "a. continuing technological progress alone. b. continuing increases in the money supply alone. c. continued technological progress and continuing increases in the money supply. d. None of the above can explain continuing real GDP growth and inflation."
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What are the advantages and disadvantages of franchising as a form of business
Answer:
Explanation:
Advantages
- Expansion can be faster because franchisees provide the labour and their sales provide the growth.
- Franchisees are responsible for their company’s success so they are more motivated
- Franchisees may be more talented at growing the business and turning a profit than employees would be
Disadvantages
- Franchisees cannot be managed as closely as employees and they may have different goals to the franchisor.
- Franchise recruitment can be slower and less efficient than employee recruitment
- Franchisors earn royalties from sales. Franchisees earn money from profits. Achieving growth in both isn’t always possible, potentially causing conflict
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The most important ethical considerations associated with criminalising hate speech is
The criminalization of hate speech raises important ethical considerations, including concerns about freedom of expression, the potential for selective enforcement, and the impact on marginalized communities.
Firstly, freedom of expression is a fundamental human right, and restrictions on speech must be carefully balanced with the need to protect individual and community rights. Criminalizing hate speech can limit the ability of individuals to express their opinions and ideas, even when those ideas may be unpopular or offensive. This raises important questions about the appropriate balance between protecting individuals and groups from harm and preserving freedom of expression.
Secondly, there is a risk of selective enforcement when criminalizing hate speech, which may disproportionately impact certain groups or individuals. Law enforcement and other authorities may apply hate speech laws in a discriminatory or arbitrary manner, which can undermine public trust in the justice system and exacerbate social divisions.
Finally, the impact of hate speech on marginalized communities must be considered when evaluating the ethics of criminalizing hate speech. Hate speech can contribute to the marginalization, discrimination, and violence against vulnerable groups, and may have lasting psychological and social impacts. Criminalizing hate speech can send a strong message that such behavior is not acceptable, and can help to protect individuals and communities from harm.
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which social influence persuasion strategy is applied in mcdonald’s mere exposure technique? a. social proof. b. scarcity. c. liking. d. authority.
The social influence persuasion strategy applied in McDonald's Mere Exposure Technique is liking.
The Mere Exposure Technique is based on the principle that familiarity breeds liking. It suggests that repeated exposure to a stimulus, such as a brand or product, increases positive attitudes and preferences towards it. In the context of McDonald's, the strategy involves exposing customers to the brand through various channels, such as advertisements, product placements, and physical presence of restaurants. By repeatedly exposing individuals to the McDonald's brand, the technique aims to build familiarity and create a positive association, ultimately influencing their liking and preference for McDonald's.
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View Policies Current Attempt in Progress Sunland Company, has 14700 shares of 4%, $100 par value, cumulative preferred stock and 60200 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2019. The board of directors declares and pays a $113000 dividend in 2020 and in 2021. What is the amount of dividends received by the common stockholders in 2021? $49600 $0 O $58800 O $113000 Attempts: 0 of 1 used Submit Answer Save for Later
The amount of dividends received by the common stockholders in 2021 is $0. Cumulative preferred stockholders have a priority claim on dividends, so common stockholders receive dividends only after preferred stockholders have been fully paid their dividends.
In this scenario, Sunland Company has both preferred stock and common stock outstanding. Preferred stockholders have a cumulative preference, which means they have a priority claim on dividends. The preferred stockholders must receive their full dividends before any dividends can be paid to the common stockholders.
In this case, the board of directors declares and pays a $113,000 dividend in both 2020 and 2021. However, since there are cumulative preferred stockholders with a 4% dividend rate, they are entitled to receive their dividends first.
The cumulative preferred stock has a par value of $100 per share, and there are 14,700 shares outstanding. The preferred stockholders are entitled to receive a dividend of 4% of the par value per year.
To calculate the preferred stock dividend for 2021, we multiply the par value by the dividend rate and the number of shares:
Preferred stock dividend = $100 par value × 4% dividend rate × 14,700 shares = $58,800
Therefore, the preferred stockholders receive $58,800 in dividends for 2021. since the preferred stockholders receive their full dividends, there are no dividends left to be distributed to the common stockholders. Hence, the amount of dividends received by the common stockholders in 2021 is $0.
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1. The purpose of an external audit is to develop a system to identify the strengths and weaknesses in a firm. TRUE OR FALSE 2. External forces affect many products including supplier and distributor. TRUE OR FALSE 3. The Internet has changed the very nature of opportunities and threats by altering the life cycles of products, increasing the speed of distribution, creating new products and services, erasing limitations of traditional geographic markets. TRUE OR FALSE 4. Technological forces represent major opportunities and threats that must be considered in formulating strategies. TRUE OR FALSE 5. Not all sectors of the business economy are affected equally by technological TRUE OR FALSE
The purpose of an external audit is to develop a system to identify the strengths and weaknesses in a firm. TRUE
External forces affect many products including supplier and distributor. TRUE
The Internet has changed the very nature of opportunities and threats by altering the life cycles of products, increasing the speed of distribution, creating new products and services, erasing limitations of traditional geographic markets. TRUE
Technological forces represent major opportunities and threats that must be considered in formulating strategies. TRUE
Not all sectors of the business economy are affected equally by technological forces. TRUE
All the statements are TRUE, as they accurately represent common concepts in business and strategic management.
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Which of the following is a benefit associated with regional economic integration?
A. Trade creation
B. Trade diversion
C. Loss of jobs
D. Loss of sovereignty
Answer:
its b
Explanation:
Answer: The answer is Trade creation
Explanation: I took the test
If you are late paying your bill, what is the impact on your annual fee?
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
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The sales S (in thousands of units) of a new CD burner after it has been on the market for t years are modeled by
S(t)=100(1−ekt)
Fifteen thousand units of the new product were sold in the first year.
(a) Complete the model by solving for k.
(b) Sketch the graph of the model.
(c) Use the model to estimate the number of units sold after 5 years.
The sales S (in thousands of units) of a new CD burner after it has been on the market for t years. After 5 years, approximately 56,570 units will have been sold.
(a) Complete the model by solving for k.
We know that S(1) = 15 (since 15,000 units were sold in the first year), so we can plug in these values into the equation and solve for k:
15 = \(100(1 - e^k)\)
0.15 = \(1 - e^k\)
\(e^k\) = 0.85
k = ln(0.85)
k ≈ -0.1625
So the completed model is \(S(t) = 100(1 - e^(-0.1625t))\)
(b) Sketch the graph of the model.
The graph of this model will have an asymptote at S = 100 (since the maximum number of units sold will be 100,000) and will increase rapidly at first before leveling off as t increases. It will look something like this:
\(![Graph of S(t) = 100(1 - e^(-0.1625t))]\)
(c) Use the model to estimate the number of units sold after 5 years.
We can plug in t = 5 into the equation to find S(5):
\(S(5) = 100(1 - e^(-0.1625*5))\)
S(5) ≈ 56.57
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An investor has $2,500 invested in stock A and $5,000 in stock B. The yearly volatilities of A and B are 32% and 24% respectively and the coefficient of correlation is 0.7.
What is the benefit of diversification from one-day 99% portfolio VaR? (Note that N(-2.326)=0.01, round the answer two digits after the decimal)
To calculate the benefit of diversification from one-day 99% portfolio VaR (Value at Risk), we need to consider the correlation between the two stocks.
The formula to calculate portfolio VaR with two stocks is given by:
Portfolio VaR = (w₁ * VaR₁) + (w₂ * VaR₂) + 2 * ρ * w₁ * w₂ * σ₁ * σ₂,
where:
w₁ and w₂ are the weights (invested amounts) in stock A and stock B, respectively.
VaR₁ and VaR₂ are the individual VaRs of stock A and stock B, respectively.
ρ is the correlation coefficient between stock A and stock B.
σ₁ and σ₂ are the volatilities (standard deviations) of stock A and stock B, respectively.
Given the following information:
w₁ = $2,500
w₂ = $5,000
VaR₁ = N(-2.326) * w₁ * σ₁
VaR₂ = N(-2.326) * w₂ * σ₂
ρ = 0.7
σ₁ = 0.32 * w₁
σ₂ = 0.24 * w₂
Let's calculate the portfolio VaR:
VaR₁ = N(-2.326) * $2,500 * 0.32 = -2326 * 2500 * 0.32 = -$186,880
VaR₂ = N(-2.326) * $5,000 * 0.24 = -2326 * 5000 * 0.24 = -$271,920
Now, substitute these values into the portfolio VaR formula:
Portfolio VaR = ($2,500 * -$186,880) + ($5,000 * -$271,920) + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$467,200 + -$1,359,600 + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$1,826,800 + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$1,826,800 + 2 * 0.7 * $2,500 * $5,000 * 0.0768
Portfolio VaR = -$1,826,800 + 0.0768 * $2,500 * $5,000 * 2 * 0.7
Portfolio VaR = -$1,826,800 + 0.0768 * $2,500 * $5,000 * 2 * 0.7
Portfolio VaR = -$1,826,800 + $576
Portfolio VaR = -$1,826,224
The benefit of diversification is the reduction in portfolio VaR compared to the sum of individual VaRs. In this case, the benefit of diversification from one-day 99% portfolio VaR is $1,826,224.00.
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According to the kinked-demand model of oligopoly, if two of three firms ignore a price decrease by the third firm ______. Multiple choice question. the third firm will lose sales because the other two firms' demand curves become more inelastic the third firm will gain sales because the other two firms' demand curves become more elastic the third firm will gain sales because the other two firms' demand curves become more inelastic, relative to the third firm's demand curve the third firm will lose sales because the other two firms' demand curves become more elastic
Answer:
the third firm will lose sales because the other two firms' demand curves become more inelastic
Explanation:
In the case when the two out of the three firms would ignore the price reduction made by the third firm so in this case the third firm could lose the sales as the demand curve of other two firms become more inelastic
Therefore as per the given situation, the option a is correct
hence, the same is to be considered
A company performs services for a client on account. When the company receives the cash from the customer one month later:
A) a revenue account is increased.
B) a liability account is decreased.
C) there is no change in total assets.
D) an expense account is decreased.
Correct option is D) an expense account is decreased
When a company receives cash from a customer, who had previously performed services for a client on account, one month later, the expense account is reduced.
Account payable is a liability account that records the amount due to a creditor for goods or services.
In this situation, the client received services but had not yet paid for them, so the company created an account payable account for the client.
Later, when the client makes payment, the company will record a debit in its cash account and a credit to its account payable account.
In this way, the expense account is reduced since it was recorded when services were provided and will have already been reduced by the time payment is received.
Expense accounts record the expense incurred when goods or services are purchased or obtained.
The account payable account is credited when a purchase or service is acquired and payment is not made at the time of purchase.
When payment is made, the account payable account is debited, reducing the amount of the liability.
Therefore, when a client pays the company for services they received on account one month earlier, the expense account will have already been reduced, and the account payable account will be reduced.
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If a formal report is very long, a(n) ________ briefly summarizes the most important information in the report allowing managers to decide whether or not to read the entire document or just parts of the document.
Based on business writing styles, If a formal report is very long, an Executive Summary briefly summarizes the most important information in the report allowing managers to decide whether or not to read the entire document or just parts of the document.
What is an Executive Summary?Executive Summary is the part of the formal report that contains all the necessary details of the formal report.
Executive Summary allows the readers to have an overview of what is in the formal report, thereby making the readers get informed of the complete information of the formal report.
Hence, in this case, it is concluded that the correct answer is Executive Summary.
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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this information, how this transaction would affect the Year 2 financial statements? Assume that the company's accounting year is same as the calender year. (Select all that apply.)
With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.
What is an income statement?An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.
Rent expenses = $2,400 prepaid rent / 12 months
Rent expenses = $200 per month
Rent expenses = $200 rent expense per month x 5 months (in Year 2)
Rent expenses = $1,000 rent expense
In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.
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The bullwhip effect causesA) maximization of supply chain surplus.B) improved accuracy of demand information within the supply chain.C) different stages of the supply chain to have a very different estimate of what demand looks like.D) less need for aggregate planning.
Different stages of the supply chain to have a very different estimate of what demand looks like.
In economics, call for is the quantity of a very good that clients are willing and capable of purchase at various fees all through a given time.[1] the connection among rate and quantity call for is likewise referred to as the demand curve. demand for a selected object is a feature of an item's perceived necessity, charge, perceived quality, convenience, to be had options, purchasers' disposable earnings and tastes, and plenty of other alternatives.
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1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00
Answer:
B. $50.00
Explanation:
The penalty for failing to supply the Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.
The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's
annual disposable income?
-0)
A)
$100,000
B)
$25,000
C)
$50,000
D)
$75,000
Answer:
D)
$75,000
Explanation:
Disposable income is the diffrenced between gross pay and deductions.
Net pay =$100,000
the come tax = $100,00 -$25,000
=$75,000
What type of business is a business owned by a minimum of two and a maximum of fifty shareholders, which limits the liability of owners to the amount invested in shares.
Answer:
The correct answer is: Private Limited Company
Explanation:
Shareholder s are usually classed as owners of a company because they invested in a company's shares so they also receive entitled portions of profits made by the company.
Private Limited Company :
Some of the noticeable descriptions of a private limited company are:
1. They are limited liability.
2. It allows accounts of the company which includes profits and losses to be made open.
3. The company would still be able to run without, or the demise of the founder.
4. The income of the company is credited to the company's account and not the individuals' account who started the business.
5. Shares of the company cannot be traded and cannot be sold in the open market which eases decision making as the maximum number of shareholders is 50 persons.
6. When it comes to losses, shareholders cannot lose more than the amount they personally invested in the company through shares.
7. It requires a minimum number of two shareholders.
On june 15 blooming landscape inc. provides $50,000 of services, but is not paid until august 30. on august 30, the assets of blooming landscape inc. are:_________
On june 15 blooming landscape inc. provides $50,000 of services, but is not paid until august 30. on august 30, the assets of blooming landscape inc. are Unearned revenue.
What is Unearned revenue?
Money received by a person or company for an item or service that has not yet provided or given is known as unearned income. It may be thought of as a "prepayment" for goods or services that a person or organization anticipates giving the customer in the future.
Therefore,
On june 15 blooming landscape inc. provides $50,000 of services, but is not paid until august 30. on august 30, the assets of blooming landscape inc. are Unearned revenue.
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Please help me♀️♀️
Answer:
a specific purpose
Explanation:
this is because ;for example you are asking this question with a purpose (to get the answer)
Zander's bank agreed to a loan modification on his principal residence that resulted in a cancellation of debt of $20,000 and enabled him to keep his home. Which of the following is he most likely to qualify for?
Insolvency.
Bankruptcy.
Qualified principal residence indebtedness.
Qualified real property indebtedness.
Zander is most likely to qualify for "Qualified principal residence indebtedness" in this scenario. Qualified principal residence debt
indebtedness refers to the cancellation of debt that occurs on a taxpayer's principal residence, and it is typically eligible for exclusion from taxable income under certain circumstances. In this case, the loan modification on Zander's principal residence resulted in the cancellation of debt of $20,000, enabling him to keep his home. As long as the cancellation of debt meets the criteria specified by the IRS for qualified principal residence indebtedness, Zander may qualify for the exclusion of the canceled debt from taxable income. Insolvency and bankruptcy are other potential options for debt relief, but without further information about Zander's financial situation, it is not possible to determine if he qualifies for those specific options. Qualified real property indebtedness refers to canceled debt related to certain types of real property, such as commercial properties, and does not directly apply to Zander's principal residence.
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intro to business edmentum notes for unit 3 and 4? vv high points
Answer:
The notes can be found on brain.com someone is giving out the notes
Explanation:
I don't remember his name but if you ask nicely then them notes will be yours.
Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to be socially responsible. be environmentally responsible. differentiate their product. be perceived more favorably.
YES, BECAUSE WHETHER A BUSINESS DECIDES TO PROVIDE A POSITIVE LANDMARK STAMP ON THEIR PRODUCTS AND / OR SERVICES IS THEIR DECISION.
THE ONES THAT DECIDE TO MAKE THE DIFFERENCE ARE OFTEN REMARKABLE FROM THE COMPETITION, THIS OTHER ECONOMIC GROUP THAT DID NOT HAD THE INITIATIVE TO INNOVATE FOR A BETTER EXPERIENCE.
Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation: