Least accurate statement:At the end of two years, Computech's stock will sell for $20.64 is incorrect.
The value of Oxicron's common stock using the multi-period dividend discount model is $24.25. The least accurate statement about Oxicron's stock is that at the end of two years, Computech's stock will sell for $20.64. Solution:Given data:Last year's dividend = $1.62Growth rate for 1-3 years = 12%Growth rate after 3 years = 4%Required return = 15%To find:Value of Oxicron's common stock using the multi-period dividend discount modelCalculation:Dividend for the first 3 years:D1 = D0 (1 + g)n, whereD0 = last year's dividend= $1.62g = growth rate= 12%n = year= 1, 2 and 3D1 for the first year:D1 = $1.62 (1 + 12%)1= $1.81D1 for the second year:D2 = $1.81 (1 + 12%)2= $2.03D1 for the third year:D3 = $2.03 (1 + 12%)3= $2.28For the fourth year and onwards, growth rate will be 4%.Therefore, dividend for the fourth year:D4 = $2.28 (1 + 4%)= $2.37And dividend for the fifth year:D5 = $2.37 (1 + 4%)= $2.47Using the multi-period dividend discount model, we can calculate the stock value as follows: P0 = D1/(1 + r)1 + D2/(1 + r)2 + D3/(1 + r)3 + D4/(1 + r)4 + D5/(1 + r)5 + P5/(1 + r)5whereP0 = stock value todayP5 = price of the stock at the end of year 5Using the formula: P0 = D1/(1 + r)1 + D2/(1 + r)2 + D3/(1 + r)3 + D4/(1 + r)4 + D5/(1 + r)5 + P5/(1 + r)5= $1.81/(1 + 0.15)1 + $2.03/(1 + 0.15)2 + $2.28/(1 + 0.15)3 + $2.37/(1 + 0.15)4 + $2.47/(1 + 0.15)5 + P5/(1 + 0.15)5= $1.57 + $1.61 + $1.59 + $1.47 + $1.22 + P5/(1 + 0.15)5= $9.46 + P5/(1.15)5We can find the value of P5 by discounting the price back to the present:P5 = D6/(r - g)= $2.47 (1 + 4%) / (15% - 4%)= $22.03Therefore:P0 = $9.46 + $22.03/(1.15)5= $24.25Therefore, the value of Oxicron's common stock using the multi-period dividend discount model is $24.25.Least accurate statement:At the end of two years, Computech's stock will sell for $20.64 is incorrect.
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What is a good practice before taking out a student loan?
A. Calculate the simple interest on the principal of the loan.
OB. Calculate the annual balloon payment to make sure you will be
able to afford it.
C. Calculate the total amount of compounded interest to see if you
are getting a good deal.
O D. Calculate the monthly payment to make sure you will be able to
afford it.
A typical good practice before taking out a student loan are:
calculate the annual balloon payment to make sure you will be able to afford it.calculate the monthly payment to make sure you will be able to afford it.What is a student loan?This is a kind of financial aid in form of money borrowed from the government or a private lender in order to pay for college.
The loan given to the student is expected to be paid back later with the interest that builds up over time and such money gotten are usually used for tuition, room and board, books or other fees.
Hence, the typical good practice before taking out a student loan are calculate the annual balloon payment to make sure you will be able to afford it and the monthly payment to make sure you will be able to afford it.
Therefore, the Option B & D is correct.
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Answer: Calculate the monthly payment to make sure you will be able to afford it
A qualification for someone working in Natural Resource Systems might be coordination and dexterity, for lifting objects while logging or mining. problem-solving skills, to prevent environmental problems. attention to detail, for performing experiments on soils and plants. creative ideas, for producing and processing food.
Answer:
A) coordination and dexterity, for lifting objects while logging or mining.
Explanation:
A qualification for someone working in Natural Resource Systems might be problem-solving skills, to prevent environmental problems. Thus the correct option is B.
What is the qualification?Qualification refers to an individual ability in terms of education or skills which helps them to apply and get selected for a particular job. This qualification involves both educational degrees as well as professional skills.
A person who is working in natural resources system should be skilled in problem-solving as a natural resource system is related to environmental activities where sudden changes caused lots of complexities.
Professional should have knowledge of environmental problems so that thye can recognize any issue arising from the activity they perform and helps in solving the problem effectively and quickly without any delay.
Therefore, option B is appropriate.
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What is the summary of the general ledger?
The general ledger summary in accounting is all those records that were made as debits or credits referring to the commercial operations that a company has had.
What is the general ledger used for?The general ledger is used to collect information in a summarized way of all the economic operations that are registered in the different accounting accounts of the company in a chronological way.
The general ledger is important because it allows to see at a glance the movements of the company that are reflected in this book, in this way the administration and accounting of all the resources is efficient.
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13. When talking about interest with saving and investing, which option below is correct?
a)Both saving and investing interest works the exact same.
b)Risk and interest have no correlation, so you can do either one and always get a return.
c)) Savings interest is simple, while investing interest is compounded.
d) Investing interest is simple, while saving interest is compounded.
The correct option is c) Savings interest is simple, while investing interest is compounded.
When it comes to interest with saving and investing, it's important to understand the key differences between the two.
Saving interest refers to the amount earned on the principal amount deposited into a savings account, typically calculated using a simple interest formula. This means that the interest earned is based solely on the initial principal and does not accumulate over time.
On the other hand, investing interest involves the growth of funds through various investment vehicles such as stocks, bonds, or mutual funds. Investing interest is usually compounded, meaning that the interest earned is added to the principal and then reinvested to generate additional returns. This compounding effect allows investments to potentially grow at an accelerated rate over time.
It's crucial to note that risk and interest are indeed correlated in the realm of investing. Higher-risk investments tend to offer the potential for higher returns but also carry a greater chance of loss. In contrast, savings accounts are generally considered low-risk investments with lower interest rates.
Therefore, option c) accurately captures the distinction between saving and investing interest by highlighting that savings interest is simple (not compounded) while investing interest is typically compounded.
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Consumer wealth is defined as the total value of ______. Multiple choice question. assets minus the total value of liabilities all investments plus the money in the bank all investments plus the money in the bank minus debt total assets
Answer:
Assets minus the total value of liabilities
Consumer wealth is defined as the total value of assets minus the total value of liabilities. Thus, the statement "assets minus the total value of liabilities" is the correct statement.
What is the wealth effect?According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises. Even if their income and fixed costs remain the same as before, they are made to feel wealthier.
The wealth effect captures the psychological impact of growing asset prices, such as those that take place during a bull market, on consumer purchasing patterns. The idea focuses on how significant rises in the value of investment portfolios boost consumers' emotions of security, sometimes known as their level of confidence. Increased confidence results in more spending and lower saving rates.
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write out two uses of oxygen
Answer: Common uses of oxygen include production of steel, plastics and textiles, brazing, welding and cutting of steels and other metals, rocket propellant, oxygen therapy, and life support systems in aircraft,submarines, spaceflight and diving.
Explanation:
1. What changes would you expect to observe in an employee who completes an overseas assignment? What values could these bring to the employer?
2. Suppose you work in the HR department of a company that sends high-potential employees on two-year overseas assignments. The company handles repatriation with a briefing and training program when the employee returns, and it has a 25% turnover rate. How would you suggest the company improve the turnover rate?
Completing an overseas assignment is a transformative experience that could bring several benefits to an employee, including personal and professional growth. The employee would have acquired a broad range.
including communication, cultural sensitivity, adaptability, and problem-solving, among others. Additionally, they would have acquired exposure to new ideas, perspectives, and ways of doing things. Consequently, these changes could positively impact the employee's overall performance, creativity, productivity.
Decision-making ability.In terms of value to the employer, the employer would have acquired an employee with a broader global perspective that could help drive the company's growth and expansion strategy. The employee would have acquired a wealth of knowledge, contacts.
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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
Which of the following ratios is used to determine ones debt-to-income ratio?
а. 20/28
b. 20/36
C. 28/30
d. 28/36
PLEASE HELP ASAP
Answer:
I THINK D AS WELL
Explanation:
how to write a table of content
The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.
a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.
After the title page, begin a new page.
List the document's headings in alphabetical order.
Include subheadings if necessary.
Give each heading a page number.
Place the information in a table.
the Table of Contents' title.
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When the patent expires, the market is open for other companies to produce and sell generics, alternative versions of the drug, and the price drops dramatically. On average, a generic drug costs about 15% of the price of the equivalent patent-protected drug, which will lose up to 90% of its market share. In the case of Lipitor, Pfizer's blockbuster drug for cholesterol, the generic version was only 8% of the price of Lipitor.
However, that sequence of events is what is supposed to happen. Makers of the original patent-protected drugs have employed a variety of strategies to block or forestall the entry of generic competitors. One very successful tactic is pay for delay, an agreement in which the patent-holder pays the generic drug maker to delay the entry of the generic drug in return for compensation. As a result, the patent-holder continues to charge high prices, the generic drug maker gets a lucrative payment, and the consumer suffers.
Pay-for-delay agreements have cost consumers an estimated $3.5 billion annually from 2005 to 2013. But in 2014 the number of such deals dropped dramatically after the U.S. Supreme Court gave federal regulators the authority to prosecute the deals as anti-competitive. With that authority, the Federal Trade Commission scored a $1.2 billion settlement from drug maker Teva over allegations it engaged in pay for delay over their sleep-disorder drug Provigl. According to industry observers, increased competition is saving consumers many billions of dollars a year.
QUESTIONS
Please answer the following questions briefly based on this reading referring to "Topic 10: Competition".
1. Why are the prices of generic drugs so much cheaper after they come off a patent?
2. Pharmaceutical firms often attempt to extend a patent period for a specific good. Why?
1. When the patent expires, the prices of generic drugs are significantly cheaper because the market is open to other companies to produce and sell generics, alternative versions of the drug.
On average, a generic drug costs about 15% of the price of the equivalent patent-protected drug, which leads to the price of the patented drug to lose up to 90% of its market share.
2. Pharmaceutical companies often attempt to extend a patent period for a specific good for the reason that when the patent expires, the market is open for other companies to produce and sell generics, alternative versions of the drug, and the price drops dramatically.
It leads to the patent-holder continues to charge high prices, the generic drug maker gets a lucrative payment, and the consumer suffers. The other strategies pharmaceutical companies have employed to delay competition include multiple patents, lawsuits against generic competitors, and exclusive distribution arrangements with distributors.
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a flexible budget performance report indicates a sales variance of $200 unfavorable. the variance was likely caused by: multiple choice question. selling units for less than the budgeted price selling more units than budgeted selling units for more than the budgeted price
The variance was likely caused by selling units for less than the budgeted price.
How do you calculate a flexible budget's variance?For instance, a flexible budget model is created with the expectation that the cost per unit will be $100. 800 units were sold in the most recent month, with a $102 average selling price per unit. By multiplying 800 units by $2 per unit, the favorable flexible budget variance for revenue equals $1,600.
What is the difference between the actual sales results and the flexible budget?A flexible budget variation is a calculated discrepancy between the budget that was anticipated and the outcomes. In the aforementioned illustration, the corporation has a goal production capacity of 85%. The estimated or anticipated 212,500 unit sales volume results in a $740,625 profit.
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Identify and explain two reason why the primary sector is relatively more important to Botswana than India?
Answer:
There is labour abundance in primary sector in India. Also, most of the people are employed in the primary sector because enough jobs are not provided by the secondary and tertiary sector. Employment growth is less in the secondary and tertiary sector. About 63% of the country are absorbed in the primary sector
Which tool or technique within the Conduct Procurement process can help an organization identify the readiness of a vendor to provide the desired end state, determine costs expected to support budgeting, and avoid cost overruns due to changes?
An organization may assess a vendor's preparedness to offer the intended end state, ascertain predicted costs to assist budgeting, and prevent cost overruns due to changes by using the cost analysis and supplier evaluation method or approach.
Analytical techniques may assist companies in identifying the preparedness of a vendor to supply the required end state, determining the cost expected to support budgeting, and avoiding cost overruns due to modifications, all of which help guarantee that the demand can be and is addressed.
By taking into account variables like price, quality, lead time, and other pertinent variables, cost analysis assists in identifying the most cost-effective method of acquiring products and services.
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Give your opinion based upon the numbers as to whether production seems to be budgeted properly, and whether the corporation can make an adequate profit above breakeven levels
Answer:
The production level needs to be budgeted accurately as this is the main strategy which is essential for the success of the business. The corporation cannot make adequate on the breakeven level as this is no profit, no loss situation.
Explanation:
The production level is the basis for sales. If the production level is not accurately estimated then there will be over of under production problems to the business. The over production will result in excess cost to the company and under production will result in lesser profit and sales. The breakeven level is the no profit no loss situation. This is the situation where company earns money equal to its cost and expenses and nothing is saved by the company as profit.
Katrina works for Penny's Pickles, which offers a 401(k) match for up to 3% of her salary, which is $65,000 per year. In her budget, she only has $150 per month available to save for retirement. What should she do?
NEED ANSWERED QUICKLYYY
Savings needed: 03 times 65,000, or $1950.
She earns 150 times 12 for a total of $1800.
What is budget?Up to 3% of the employee's pay, the employer's contribution is equal to the employee's contribution. Employer will only contribute 3% of salary if employee contribution is more than a certain percentage.
When an individual contributes 3% of their pay, the company's contribution is $65,000 per year.
Therefore, must make a 3% salary contribution to her 401(k) plan in order for her company to match that amount, the most her firm will contribute is this.
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leading up to closing, who should ensure that all deadlines are being met, all contingencies are cleared, and all paperwork is fully executed and delivered?
Leading up to closing, the responsibility of ensuring that all deadlines are met, all contingencies are cleared, and all paperwork is fully executed and delivered typically falls on the real estate agent or attorney, depending on the jurisdiction. However, it's also crucial for the buyer and seller to stay informed and proactive throughout the process.
Leading up to closing, the party who should ensure that all deadlines are being met, all contingencies are cleared, and all paperwork is fully executed and delivered is the closing agent. What is closing? Closing, also known as completion or settlement, is the last step in executing a real estate transaction. The closing process involves signing and exchanging documents and funds to finalize the sale or purchase of a property.
The closing agent plays a crucial role in ensuring that all necessary steps are taken to complete the transaction successfully. This includes ensuring that all deadlines are met, contingencies are cleared, and all paperwork is fully executed and delivered.
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Greg puts $10,000 into an equity indexed annuity which allows compounding on gains within the annuity. The product has a minimum guaranteed return of 3% annually. Greg's participation rate is 90% of the S&P 500 index in years exceeding the minimum guaranteed return. There is also a cap of 10% on gains. After 3 years and with no fees taken into consideration, Greg is trying to figure out the value of his equity indexed annuity. Returns were as follows:
Year 1 - 12.5%
Year 2 - -4.0%
Year 3 - 5%
With these returns, Greg should find that the balance of his annuity is approximately which of the following after year 3?
[A] $11,750
[B] $11,840
[C] $12,032
[D] $12,167
Answer:
[B] $11,840
Explanation:
Given that the $10,000 is put in the equity
Now for the year 1 the return is 12.5% so its 90% would be 11.25 % that exceeds from 10% cap
In year 2, the returns shows in negative so here the minimum return is 3%
And, in year 3, the return is 5% and its 90% is 4.5% that is below from 10% cap
Now
For year 1
The balance would be
= $10,000 × 1.10
= $11,000
In year 2
= $10,000 × 1.03
= $11,330
And, in year 3
= $11,330 × 1.045
= $11,840
Hence, the correct option is B. $11,840
What do you mean by levels of professions?
Answer:
The word “profession” means different things to different people. But at its core, it’s meant to be an indicator of trust and expertise.
Traditionally, a “professional” was someone who derived their income from their expertise or specific talents, as opposed to a hobbyist or amateur. This still carries through to fields today, such as sport.
But given today’s fast-changing environment of knowledge and expertise, it’s now generally understood that simply deriving an income from a particular task might make you an “expert” or “good at your job” – but if you’re a “professional”, this has a broader meaning.
There’s a long history of attempts to clarify this meaning, and to define the functions of professions. These attempts typically centralise around some sort of moral or ethical foundation within the practice of a specific and usually established expertise.
This section is designed to give you an insight into some of the historic and academic ways of defining professions, as well as some regulatory perspectives as to how a group can ultimately become a profession.
Answer these you get 20 points!!! Please help me !! Please
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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At December 31, 2019, the ledger of Aulani Company includes the following accounts, all having normal balances: Sales Revenue, $59,000; Cost of Goods Sold, $31,000; Retained Earnings, $20,000; Interest Expense, $3,200; Dividends, $5,000; Wages Expense, $8,000, and Interest Payable, $2,100. Required: 1. Prepare the closing entries for Aulani at December 31, 2019.
Steps to prepare the closing entries for Aulani Company at December 31, 2019: Closing Sales, Closing the Cost of Goods Sold, Closing the Wages Expense, Interest Expense, Income summary, Dividends, and Interest Payable account.
Step 1: Closing the Sales revenue account:Sales Revenue: $59,000Income Summary: $59,000To close the Sales revenue account, we transfer the amount of credit balance from the Sales Revenue account to the Income Summary account. It is done by debiting the Sales Revenue account for $59,000 and crediting the Income Summary account for $59,000.
Step 2: Closing the Cost of Goods Sold account:Income Summary: $31,000Cost of Goods Sold: $31,000To close the Cost of Goods Sold account, we transfer the amount of debit balance from the Cost of Goods Sold account to the Income Summary account. It is done by debiting the Income Summary account for $31,000 and crediting the Cost of Goods Sold account for $31,000.
Step 3: Closing the Wages Expense account:Income Summary: $8,000Wages Expense: $8,000To close the Wages Expense account, we transfer the amount of debit balance from the Wages Expense account to the Income Summary account. It is done by debiting the Income Summary account for $8,000 and crediting the Wages Expense account for $8,000.
Step 4: Closing the Interest Expense account:Income Summary: $3,200Interest Expense: $3,200To close the Interest Expense account, we transfer the amount of debit balance from the Interest Expense account to the Income Summary account. It is done by debiting the Income Summary account for $3,200 and crediting the Interest Expense account for $3,200.
Step 5: Closing the Income Summary account:Retained Earnings: $24,700Income Summary: $24,700To close the Income Summary account, we transfer the net income to the Retained Earnings account. It is done by debiting the Retained Earnings account for $24,700 and crediting the Income Summary account for $24,700. Therefore, the Retained Earnings account will have a balance of $44,700 ($20,000 + $24,700).
Step 6: Closing the Dividends account:Retained Earnings: $5,000Dividends: $5,000To close the Dividends account, we transfer the amount of debit balance from the Dividends account to the Retained Earnings account. It is done by debiting the Retained Earnings account for $5,000 and crediting the Dividends account for $5,000.
Step 7: Closing the Interest Payable account:Interest Payable: $2,100Interest Expense: $2,100To close the Interest Payable account, we transfer the amount of credit balance from the Interest Payable account to the Interest Expense account. It is done by debiting the Interest Expense account for $2,100 and crediting the Interest Payable account for $2,100.Thus, these are the closing entries for Aulani at December 31, 2019.
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Which of the following professions is not eligible for a for AGI deduction related to certain unreimbursed business expenses:
a. K-12 educators
b. Supreme Court justice
c. National guard or reservist
d. Performing artist
e. All of these choices are correct.
Professions is not eligible for a for AGI deduction related to certain unreimbursed business expenses is, The correct answer is e. All of these choices are correct.
Prior to 2022, certain professions, including K-12 educators, Supreme Court justices, National Guard or reservists, and performing artists, were eligible for an above-the-line deduction called the "AGI deduction" for certain unreimbursed business expenses. This deduction allowed individuals to deduct their qualifying expenses directly from their adjusted gross income (AGI), resulting in a reduction of taxable income.
As of the knowledge cutoff date in September 2021, the Tax Cuts and Jobs Act (TCJA) provisions that allowed for the AGI deduction for unreimbursed business expenses have expired. This means that none of these professions are currently eligible for the AGI deduction related to certain unreimbursed business expenses.
It's important to note that tax laws can change over time, so it's always a good idea to consult with a tax professional or refer to the most recent IRS guidelines to ensure accurate and up-to-date information regarding deductions and eligibility criteria.
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how have tobacco companies compensated for loss of sales and reduced profits in united states over the past two decades?
Average total costs are equal to __________.
a. marginal cost as production increases
b. average variable plus average fixed costs
c. fixed costs plus variable costs
The average total costs are equal to the sum of average fixed costs and average variable costs.
Average total costs (ATC) are a measure of the average cost of producing each unit of output. They take into account both fixed costs, which are costs that do not change with the level of production, and variable costs, which are costs that vary with the level of production.
To calculate ATC, you need to add average fixed costs (AFC) and average variable costs (AVC). AFC is the fixed costs divided by the quantity of output, while AVC is the variable costs divided by the quantity of output.
Therefore, the formula for ATC is:
ATC = AFC + AVC
By adding the average fixed costs and average variable costs together, you can determine the average total costs of production. This allows businesses to analyze their costs and make informed decisions about pricing, production levels, and profitability.
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when choosing a career, having set goals is the most important consideration.
true or false
Answer:
yes of course
Explanation:
you need to have some ides of what you wanna do if youre choosing a career
Answer:
yes
Explanation:
You have a startup company that is not particularly well known. Your annual sales at the end of year 1 are $100,000. Due to hard work, however, you expect that your sales will grow by 25% every year. What type of cash flow is this? Irregular Series Gradient Series Geometric Series Uniform Series
The cash flow described in this scenario is a geometric series characterized by a constant growth rate of 25% each year.
The type of cash flow described in this scenario is a geometric series. A geometric series is a sequence of numbers in which each term is obtained by multiplying the previous term by a constant ratio. In this case, the annual sales are expected to grow by 25% each year, which means the sales for each subsequent year will be 1.25 times the previous year's sales.
The annual sales of $100,000 at the end of year 1 serve as the starting point, and by applying the growth rate of 25% (or 1.25), we can calculate the sales for each subsequent year. The sales for year 2 would be $100,000 x 1.25 = $125,000, for year 3 it would be $125,000 x 1.25 = $156,250, and so on.
This pattern continues indefinitely, with each year's sales being 25% higher than the previous year. A geometric series is characterized by its constant ratio between consecutive terms, making it suitable for modeling scenarios with consistent growth rates over time.
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Certain regulatory changes (such as antitrust regulation and tax laws) create incentives or disincentives for diversification that:_____.
Certain regulatory changes (such as antitrust regulation and tax laws) create incentives or disincentives for diversification that: are value-neutral
Concentric diversification refers back to the development of recent services and products which can be similar to the ones you already promote. as an instance, an orange juice brand releases a new “smooth” orange juice drink alongside it its hero product, the orange juice “with bits”.
Diversification is a method that reduces threats by way of allocating investments among numerous monetary gadgets, industries, and different classes. It pursuits to maximize return by using investing in one-of-a-kind areas that need to react otherwise to modifications in market situations.
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Where there is a controversy or dispute, in addition to stating a conclusion about the
winner, you must correctly IDENTIFY THE ISSUE, STATE THE RULE and APPLY THE
FACTS TO THE RULE.
Luke makes a contract to sell a rare painting to Ellen for $100,000. The written
contract specifies that if Luke should fail to deliver the painting, he will pay Ellen
liquidated damages in the amount of $5,000. When Luke fails to deliver the painting,
Ellen sues him for $5,000. (A) What is the definition of liquidated damages? (B) Can
Ellen recover liquidated damages here? Explain.
(A) Definition of liquidated damages: It is an amount specified in a contract that a party must pay as compensation for a breach of contract.
B) Explanation: In the given case, Luke made a contract to sell a rare painting to Ellen for $100,000. According to the written contract, Luke should pay Ellen $5,000 as liquidated damages if he fails to deliver the painting. As Luke fails to deliver the painting, Ellen sues him for $5,000.The liquidated damages must be a reasonable estimate of the potential damages that may occur as a result of the breach. Therefore, if the amount specified as liquidated damages is deemed to be a penalty rather than a reasonable estimate of potential damages, it may not be enforceable by the court. However, in this case, $5,000 is a reasonable estimate of the potential damages that could be incurred by Ellen due to the failure of Luke to deliver the painting. Therefore, Ellen can recover liquidated damages in this case.
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation: