Many companies use cash cow products to fund other investments including development of new products?
Answers
A cash cow is a firm, product, or asset that generates constant cash flow over its life cycle; it is also one of the four quadrants of the BCG Matrix, a business unit organization approach. A cash cow is one of the four categories in the BCG matrix representing a product.
Product line, or company with a substantial market share in a mature industry. A cash cow is also a business, product, or asset that, once purchased and paid for, will generate steady cash flows during its lifetime. Cash cows are old, slow-growing industries that have a huge market share and require little effort to prosper.
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If someone believed that acts of corporate social responsibility (CSR) are extraneous and illegal, what is something that they would most likely say?
A) "The purpose of all corporations is to maximize benefit to shareholders."
B) "Corporate signaling can actually result in higher sales."
C) "Corporations should care about society because we are all in this together."
D) "CSR can be used as a public relations tool to manage brand prestige."
Answers
If someone believed that acts of corporate social responsibility (CSR) are extraneous and illegal, they would most likely say: "The purpose of all corporations is to maximize the benefit to shareholders."Option A"
The purpose of all corporations is to maximize the benefit to shareholders" is a statement that is made by Milton Friedman in his 1970 essay "The Social Responsibility of Business is to Increase Its Profits." It reflects the view of a person who believes that acts of corporate social responsibility are extraneous and illegal.
In his essay, Friedman argued that a corporation's only responsibility is to its shareholders. Any action taken by a corporation that doesn't directly contribute to increasing its profits is a waste of the shareholders' resources and an infringement on their rights. He argued that CSR, which is an attempt by corporations to give back to the community or be environmentally friendly, is an extraneous cost that detracts from the bottom line and is, therefore, illegal.
What is Corporate Social Responsibility (CSR)?
Corporate social responsibility (CSR) is a business model in which a corporation is accountable for its effect on society and the environment. Corporate social responsibility is a corporation's obligation to balance the demands of the stakeholders with the objectives of the company. It's about looking beyond profits to consider the company's impact on society, the environment, and the economy.
Hence, the right answer is option A.
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Which should you finance first?
O your needs
O your wants
O your savings
O your investments
Answers
in my opinion, the last option. i would spell it out but it won’t let me lolz
Lenders who make FHA loans must be approved by:
Answers
Answer:
FHA loans are loans from private lenders that are regulated and insured by the Federal Housing Administration (FHA), a government agency.
Explanation:
The FHA doesn't lend the money directly–private lenders do.
What kind of money is a gold certificate considered to be?commodityfiatrepresentativecurrency
Answers
A gold certificate is considered to be a representative currency. This means that it represents a certain amount of physical gold that is held by the issuing authority, such as a government or a central bank. The value of a gold certificate is therefore linked to the value of the underlying gold reserves.
Unlike fiat money, which is not backed by a physical commodity and is only valuable because the government declares it to be so, a gold certificate derives its value from the intrinsic value of gold itself. This makes it a more stable form of currency, as the value of gold tends to be less volatile than that of fiat money.
In the past, gold certificates were commonly used as a form of currency, particularly during the gold standard era when many countries pegged their currency to the value of gold. Today, gold certificates are less commonly used and have been largely replaced by other forms of currency, but they remain an interesting historical artifact and a reminder of the important role that gold has played in the history of money and finance.
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Sadik Inc.’s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $150 annual coupon and have a 15-year maturity, but they can be called in 6 years at $1,050. What is their yield to call (YTC)? A. 12.85% B. 13.56% C. 15.00% D. 13.72%
Wachowicz Corporation issued 10-year, noncallable, 6.0% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.0%. What is the current price of the bonds, given that they now have 9 years to maturity?
McCue Inc.’s bonds currently sell for $1,010. They pay a $130 annual coupon, have a 12-year maturity and a $1,000 par value, but they can be called in 3 years at $1,070. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels into the future. What is the difference between this bond’s YTM and its YTC? (Subtract the YTC from the YTM.)
Answers
1. To calculate the yield to call (YTC) of Sadik Inc.'s bonds, we need to find the yield rate that would make the present value of the bond's cash flows equal to its current market price when called at the call price.
The bond has a par value of $1,000, an annual coupon payment of $150, and a maturity of 15 years. It can be called in 6 years at $1,050.
Using the financial calculator or Excel's RATE function, we can find that the YTC is approximately 12.85%.
Therefore, the correct answer is A. 12.85%.
1. Wachowicz Corporation's bonds have a 10-year maturity and a 6.0% annual coupon rate. The market interest rate is currently 5.0%.
To calculate the current price of the bonds, we can use the present value formula for a bond:
Price = (Coupon Payment / Market Interest Rate) * [1 - (1 / (1 + Market Interest Rate)^Number of Periods)] + (Par Value / (1 + Market Interest Rate)^Number of Periods)
Plugging in the values, we have:
Price = ($60 / 0.05) * [1 - (1 / (1 + 0.05)^9)] + ($1,000 / (1 + 0.05)^9)
Calculating the equation gives us a current price of approximately $1,083.47.
Therefore, the current price of the bonds is approximately $1,083.47.
1. McCue Inc.'s bonds are currently selling for $1,010, have a $130 annual coupon payment, a 12-year maturity, and a par value of $1,000. They can be called in 3 years at $1,070.
To calculate the yield to maturity (YTM), we need to find the yield rate that makes the present value of the bond's cash flows equal to its current market price.
Using a financial calculator or Excel's RATE function, we find that the YTM is approximately 7.72%.
To calculate the yield to call (YTC), we need to find the yield rate that makes the present value of the bond's cash flows equal to the call price of $1,070.
Using the same approach, we find that the YTC is approximately 5.98%.
The difference between the YTM and YTC is calculated as YTM - YTC = 7.72% - 5.98% = 1.74%.
Therefore, the difference between this bond's YTM and YTC is approximately 1.74%.
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10. Which of the following is an
example of system software?
Answers
Answer:
The computer's OS is a well-known example of system software. Widely used operating systems include Microsoft Windows, Mac OS and Linux.
What countries are described as the economic Asian Tigers?
A. Tasmania, Madagascar, Sri Lanka, and Kenya
B. China, Japan, Vietnam, and Cambodia
C. Taiwan, Singapore, Hong Kong, and South Korea
D. India, Japan, Laos, and Burma
SUBMIT
Answers
Answer:
The answer is C
Explanation:
Hope this helps........if not then sorry for wasting your time and may God bless you
A student is graduating from college in six months but will need a loan in the amount of $3,725 for the last semester. the student may receive either an unsubsidized stafford loan or a plus loan. the terms of each loan are: unsubsidized stafford loan: annual interest rate of 4.65%, compounded monthly, with a balance of $3,901.95, at the time of repayment plus loan: annual interest rate of 5.65%, compounded monthly with payment deferred until graduation which loan will have a lower balance and by how much at the time of repayment?
Answers
A loan will have a lower balance and by much at the time of repayment $142.13.
What is loan?A loan is any sum of money, a piece of property, or other tangible item that is given to another party with the understanding that it will be paid back, plus interest, at a later date. A loan was the pay with interest.
Calculated the repayment of loan:
Given,
loan in the amount of $3,725
Annual interest rate of 4.65%
compounded monthly, with a balance of $3,901.95
annual interest rate of 5.65%
monthly interest rate is 4.65% ÷ 12
monthly interest rate = 0.3875%.
monthly interest rate is 5.65% ÷ 12
monthly interest rate = 0.4708%.
balance = principal x (1 + monthly interest rate)^ number of compounding periods
balance = $3,725 x \((1 + 0.003875)^6\)
balance = $3,901.95
balance = principal x (1 + monthly interest rate)^ number of compounding periods
balance = $3,725 x \((1 + 0.004708)^6\)
balance = $4,044.08
Amount of loan = $4,044.08 - $3,901.95
Amount of loan = $142.13.
As a result, the significance of the loan will have a lower balance in period of repayment is $142.13.
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The Smiths are buying a house for $200,000. After their 10% down payment, they have also decided to pay two discount points. What is the dollar amount of the discount points
Answers
Based on the information given the dollar amount of the discount points is $3,600.
Discount:First step is to calculate the down payment
Down payment=$200,000-($200,000×10%)
Down payment=$200,000-$20,000
Down payment=$180,000
Second step is to calculate the discount points
Discount point=Down payment× Discount points
Discount point=$180,000×2%
Discount point=$3,600
Inconclusion the dollar amount of the discount points is $3,600.
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Which describes a situation of scarcity?
Answers
Answer:
Scarce natural resources make it more difficult for producers to keep up with demand.
Explanation:
pa brainlest na din po
Answer:
"Scarce natural resources make it more difficult for producers to keep up with demand"
ABSOLUTE SCARCITY EXAMPLES INCLUDE: ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity. A day has an absolute scarcity of time, as you cannot add more than 24 hours to its supply. Those without access to clean water experience a scarcity of water
What do capital resources increase?
Answers
The capacity of a process can be increased by using capital resources to boost productivity. Capital assets increase a company's productivity and efficiency.
Productivity is a measure of how effectively commodities or services are generated. Productivity is sometimes expressed as a ratio of the entire output to a single input or the total input used in a production process, or output per unit of input, typically over a predetermined time period. The most typical illustration is the (aggregate) measure of labor productivity, where GDP per worker is one example. The choice of a productivity definition (including those that do not relate to ratios of output to input) is dependent on the objective of the productivity measurement and/or the availability of data. The main cause of variability across productivity measures is often (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity measure.
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Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?
As prices fall, quantity demanded goes up.
As prices fall, quantity demanded goes down.
As prices fall, quantity demanded stays the same.
As prices fall, quantity demanded disappears.
Answers
According to economic principles, as prices fall, quantity demanded goes up.
What is equilibrium price?
The market price at which the amount of goods supplied and the amount of goods sought are equal is referred to as the "equilibrium price."
The demand and supply model's reasoning is straightforward. For instance, when sugar prices are lower, the market's demand is automatically increased.
Excess demand is depicted in the graph. The price is less than the equilibrium price, as shown by p2 on the graph, since as the price decreases, the quantity demanded increases.
As a result, option (a) As prices fall, quantity demanded goes up is correct.
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Answer:
A. As prices fall, quantity demanded goes up.
Explanation:
Right on edge
When you add the value of a Maryam's benefits to her salary how much is she earning per year
Answers
82,500Answer:
Explanation:
a manufacturing company has discontinued the production capacity which can be devoted to one or more of the products: product a, b, or c
Answers
The decision to discontinue production capacity for certain products in the manufacturing company may have been influenced by factors such as declining demand, low profitability, or strategic shifts in the market.
This discontinuation will impact the company's product portfolio by narrowing its offerings and allowing for a more focused approach. The overall profitability may improve as resources are allocated to more profitable products. The criteria or strategy used to determine which products to discontinue may include analyzing sales data, profitability analysis, market trends, and strategic alignment. The freed-up production capacity can be reallocated to other products with higher demand or utilized for new product development. This decision may impact the company's market positioning by allowing it to specialize in specific products and enhance its competitive advantage by focusing on its strengths.
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--The complete Question is, The manufacturing company has discontinued production capacity for certain products. What factors or considerations might have influenced this decision? How will this impact the company's product portfolio and overall profitability? What criteria or strategy did the company use to determine which products to discontinue? How will the freed-up production capacity be reallocated or utilized within the company? What implications does this decision have for the company's market positioning and competitive advantage?--
what is a performance apprasial? how does it influence organizational success? explain why it presents a particular challenge to managers
Answers
A performance appraisal is a systematic process of evaluating and assessing an employee's job performance and productivity based on predetermined criteria. It involves gathering and analyzing information about an employee's performance, providing feedback, and setting goals for future improvement.
Performance appraisals play a crucial role in influencing organizational success in several ways:
Identifying Strengths and Weaknesses: Performance appraisals help managers identify employees' strengths and weaknesses. This information enables managers to make informed decisions regarding employee development, training, and job assignments, ensuring that the right people are in the right roles.
Goal Setting and Performance Improvement: Through performance appraisals, managers can set clear performance goals for employees and align them with organizational objectives. Regular feedback and goal-setting discussions motivate employees to improve their performance, leading to increased productivity and efficiency.
Feedback and Recognition: Performance appraisals provide an opportunity for managers to give feedback to employees, acknowledging their achievements and providing guidance for improvement. Constructive feedback helps employees understand their strengths and areas for development, contributing to their professional growth and job satisfaction.
Employee Engagement and Retention: Regular performance appraisals demonstrate that the organization values employee contributions. Engaging in meaningful performance discussions and recognizing employee achievements fosters a positive work environment, enhances employee morale, and increases retention rates.
However, performance appraisals also present specific challenges to managers:
Subjectivity and Bias: Evaluating performance is subjective, and managers' personal biases can influence the appraisal process. Biases may stem from factors like personal relationships, halo/horn effects, or differences in perception. Addressing and mitigating these biases is a challenge for managers to ensure fairness and accuracy in performance evaluations.
Performance Measurement: Defining clear and measurable performance criteria can be challenging, particularly for roles that involve subjective or qualitative aspects. Developing objective metrics and aligning them with organizational goals can be complex, making it crucial for managers to establish meaningful and relevant performance standards.
Difficult Conversations: Performance appraisals often involve discussing areas of improvement or underperformance with employees. These conversations can be challenging and uncomfortable for managers, especially when addressing sensitive issues. Managers must handle such discussions with empathy, transparency, and tact to maintain positive working relationships.
Time and Resource Constraints: Conducting performance appraisals requires time and effort from both managers and employees. Managers must balance conducting appraisals alongside their other responsibilities, ensuring that appraisals are conducted effectively and timely. Limited resources and competing priorities may pose challenges in allocating sufficient time for comprehensive evaluations.
To overcome these challenges, managers can receive training in performance appraisal techniques, use standardized evaluation criteria, maintain open communication with employees, and implement ongoing feedback mechanisms to address performance issues promptly.
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What consumer protection agency is known by the acronym SEC?.
Answers
Answer:
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
Securities and Exchange Commission (SEC) is the protection agency known by the acronym SEC.
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.
To encourage ethical business practices, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers especially dealers, and investment advisors, including mutual funds.
The truth is that the agency has all the authority necessary to act as a regulator at its disposal – authority that is much greater than that of the SEC, which must gather convincing evidence and persuade a judge of its version of events before acting, not after.
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What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator
Answers
Answer:
b
Explanation:
Answer:
facilitator
Explanation:
Question Mode Multiple Choice Question A corporation is created by obtaining a charter from: Multiple choice question. an attorney the federal government initial stockholders the state government
Answers
In general, when a corporation is to be created, it gets its charter from the state government.
Corporations:
Get their charter from a state government Are bound by the laws of the state in which they are registeredThe powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.
Corporations would therefore usually look for states with more lenient laws.
In conclusion, corporate charters come from the state government.
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companies who use ad campaigns to raise public awareness of important issues such as texting while driving are working with what type of environment?
Answers
Companies who use ad campaigns to raise public awareness of important issues such as texting while driving are working with Political-legal environment.
The current political party in power, the extent of the politicisation of business and industry, the effectiveness of the current administration, government policies, the existing legal system, the general perception of the economy among the general public, etc. are just a few examples of the many variables that make up the political-legal environment.
The focus of political and legal environments is on whether or not a company can enter a particular country without difficulty or if it will encounter political and legal obstacles.
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Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement shown below:TotalCompany North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 132,000 66,000 66,000 Segment margin 108,000 $ 54,000 $ 54,000 Common fixed expenses 56,000 Net operating income $ 52,000 Required:1. Compute the companywide break-even point in dollar sales . 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (Round your break-even dollar sales to the nearest whole number.)
Answers
Answer:
1. BEP Company 470,000
2. BEP North 220,000
3. BEP South 110,000
Explanation:
The formula for BEP( Break even point)
Break even point in dollars = Fixed cost / Contribution margin ratio , where
Contribution margin ratio = Contribution margin / Sales revenue
To get started, Contribution margin ratio needed to be calculated.
North CMR = 120,000/400,000
= 0.3
South CMR = 120,000/ 200,000
= 0.6
Company = 240,000/600,000
= 0.4
Therefore, BEP(Dollars)
BEP(Dollars) = Fixed cost/ Contribution margin ratio
North = 66,000 / 0.3
= 220,000
South = 66,000 / 0.6
= 110,000
For the company, we will need to add common and segmented fixed cost;
Common fixed cost. 56,000
Segmented fixed cost 132,000
Total fixed cost 188,000
= 188,000 / 0.4
= 470,000
Firms achieve ___________ through efficient procedures and excellent supply chain management.
Answers
Firms achieve operational excellence strategy through efficient procedures and excellent supply chain management.
What is Operational excellence strategy?It is the execution of the business strategy in a more consistent and reliable way. It allows for excellent procedures or way to achieve results. hi
Therefore, Firms achieve operational excellence strategy through efficient procedures and excellent supply chain management.
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please help in business with this work management tool
Answers
The above tool could be best used as a spreadsheet to manage workload by prioritizing tasks based on their importance and setting specific scheduling details for each task.
What is the explanation for the above response?The tool can be used to track progress and identify any barriers to performance that may arise during the completion of the task.
Also, a contingency plan can be developed to ensure that the task is completed even if unforeseen issues arise. By using this tool, one can manage their workload more effectively and efficiently by breaking down complex tasks into smaller, more manageable steps.
This tool can also help to ensure that deadlines are met and that goals are achieved in a timely manner.
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which of the following is true about corporate boards?
Answers
Corporate boards provide strategic guidance and oversight to the company. This is the true statement about corporate boards. The correct option is c.
A corporate board is a group of people chosen to control and steer a corporation. Shareholders typically elect a board of directors to oversee the corporation's management. A board's responsibilities can include selecting and dismissing key executives, establishing corporate strategy, and monitoring corporate performance.
Corporate boards are not responsible for day-to-day operational decisions, as these are typically delegated to the company's management. The board is responsible for providing guidance to the management and ensuring that they work towards the company's goals.
Corporate boards are typically composed of both company employees and outside individuals with relevant expertise and experience. The board's composition should be such that it can effectively oversee the company and provide guidance to management. In conclusion, corporate boards provide strategic guidance and oversight to the company. The correct option is c.
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NOTE- Complete question is given here
Which of the following is true about corporate boards?
A) Corporate boards are responsible for day-to-day operational decisions.
B) Corporate boards are composed solely of company employees.
C) Corporate boards provide strategic guidance and oversight to the company.
D) Corporate boards are elected by the shareholders of the company.
corporate boards are responsible for overseeing the management and strategic direction of a company, protecting the interests of shareholders, and ensuring the long-term success of the company.
corporate boards play a crucial role in overseeing the management and strategic direction of a company. They are responsible for protecting the interests of shareholders and ensuring the long-term success of the company. Some key characteristics of corporate boards include:
composition: Corporate boards are typically composed of a mix of independent directors and executives from the company. Independent directors provide objectivity in decision-making as they do not have significant financial or personal ties to the company.governance: Corporate boards establish and enforce corporate governance policies and practices. This includes setting ethical standards, determining executive compensation, and managing risks. They also oversee the appointment and evaluation of senior executives.fiduciary duty: Directors have a fiduciary duty to act in the best interests of the company and its shareholders. They must exercise due care, loyalty, and good faith in their decision-making.committees: Corporate boards often have committees, such as audit, compensation, and nominating committees. These committees focus on specific areas of governance and oversight, ensuring specialized expertise and thorough examination of relevant issues.accountability: Corporate boards are accountable to the shareholders and provide regular reports on the company's performance and financial health. They are also responsible for addressing any concerns or conflicts of interest that may arise.These characteristics may vary depending on the specific company and its governance structure.
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"
What is MOST likely TRUE about intellectual property?
A.
It can be a tangible asset.
B.
It is impossible to steal.
C.
It can be invisible.
D.
It does not affect a company’s profits.
Answers
Answer:
The answer is most likely...
A. It can be a Tangible asset
Explanation:
Sorry I was late :l
The key outputs of the short-term financial planning process are the ________. A) cash budget, pro forma income statement, and pro forma balance sheet B) sales forecast and capital assets journal C) sales forecast and schedule of changes in working capital D) income statement, balance sheet, and source and use statement
Answers
The pro forma income statement, pro forma balance sheet, and cash budget are the main outcomes of short-term financial planning process.
What does cash budget formula mean?The cash budget calculates the available cash by adding the cash receipts' totals to the starting cash balance. All cash payments are deducted from of the available cash before determining the net cash surplus or deficiency for the quarter. This sum represents the possible ending cash balance.
Which four components make up a cash budget?The four components of the cash budget—cash revenues, cash disbursements, net increase in cash for the period, & new financing needed—represent a thorough plan of future cash flows.
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the firm will make the most profits if it produces the quantity of output at which a. marginal revenue equals total revenue. b. marginal revenue equals marginal cost. c. profit per unit is greatest. d. marginal cost equals average cost.
Answers
The firm will make the most profits if it produces the quantity of output at which marginal revenue equals marginal cost.
At the point where the firm produces the quantity of output where marginal revenue equals marginal cost, it is maximizing its profits because it is producing the optimal level of output where the revenue generated from selling an additional unit is equal to the cost of producing that unit. This is known as the profit-maximizing level of output. While options (a), (c), and (d) are important considerations for firms, they do not directly determine the profit-maximizing level.
Hence ,The firm will make the most profits if it produces the quantity of output at which b. marginal revenue equals marginal cost. This is because at this point, the firm maximizes the difference between total revenue and total cost, leading to the highest possible profit.
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Mat Rollins, CEO of Rollins, Inc., decided that upon his retirement, he would elect his son Chris to become the new CEO. Mat thought it would be a good idea to have Chris shadow him at work to understand the roles and responsibilities of a CEO. Chris shadowed his father for months in order to learn every aspect of the business. Mat knew that the best way for Chris to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Mat felt that it was important for Chris to understand the different types of financing. Chris learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until maturity. Chris also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Chris. Refer to Rollins, Inc. If Chris has learned and understood the business, he should know that today most corporate bonds are
Answers
Answer: registered bonds
Explanation:
A corporate bond refers to a bond which is issued by a corporation so as to raise financing for its ongoing operations, or the expansion of its business.
Corporations typically sell bonds when there's no enough fund for purchases, and when there is difficulty in selling stock. Based on the information given in the question, if Chris has learned and understood the business, he should know that today most corporate bonds are registered bonds.
The characteristic of work that is concerned with the amount of direct and clear information employees receive about their performance is called
Answers
Answer:
FEEDBACK.
Explanation:
A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.
Answers
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
how do you find marginal cost? for 50 points
Answers
Marginal cost= change in total cost/change in quantity