The correct option is D, Wayhaven, Incorporated needs to sell 40,000 units to earn a profit of $30,000.
Profit = (Selling price * Units sold) - (Variable costs * Units sold) - Fixed costs
Where:
Selling price = $5
Variable costs = $3
Fixed costs = $50,000
Profit = $30,000
Substituting the given values in the formula:
$30,000 = ($5 * Units sold) - ($3 * Units sold) - $50,000
$30,000 = $2 * Units sold - $50,000
$80,000 = $2 * Units sold
Units sold = $80,000 / $2 = 40,000 units
Fixed costs are expenses that do not vary with changes in the volume of goods or services produced or sold by a business. These costs are incurred regardless of the level of business activity and remain constant over a certain period of time, such as a month or a year. Examples of fixed costs include rent, salaries, insurance, and property taxes.
Fixed costs are important for businesses because they provide a baseline for budgeting and forecasting. Knowing the fixed costs allows businesses to determine their breakeven point, which is the point at which total revenue equals total expenses, including both fixed and variable costs. This information is useful for making pricing decisions, managing cash flow, and determining the profitability of different business activities. In summary, fixed costs are essential for businesses to understand and manage. They are the expenses that must be paid regardless of the level of business activity and provide a baseline for budgeting and forecasting.
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Problem 1. Certainty Equivalents and Risk Premia Consider utility function of the form U (11, 12) = 117 + 12x) where 21 and 22 are (monetary) consumption levels in states 1 and 2, respec- tively, which occur with probabilities T1 = 32 and 12 = *. (a) Calculate the expected utility of a lottery that pays nothing in state 1 and 216 in state 2. Calculate the expected value of this lottery, and the util- ity of receiving this expected value with certainty, i.e., of receiving this expected value in both states of nature. Which is larger – the expected utility of the lottery, or the utility of the expected value of the lottery? What does this tell you about this person's attitude toward risk? (b) The certainty equivalent of the lottery is a payoff which, if received with certainty, would make this person indifferent between the lottery and receiving the certainty equivalent in each state. Calculate the certainty equivalent in part (a). How does it compare to the expected value? (c) Use the definition of concavity to show in general that if one is risk averse, then the certainty equivalent of a lottery falls short of its ex- pected value. The difference between these two is often called the risk premium for the lottery.
In problem 1, we are given a utility function U(11,12) = 117 + 12x, where 21 and 22 are consumption levels in states 1 and 2, respectively, and Ti = 32 and 12 = *.
(a) To calculate the expected utility of a lottery that pays nothing in state 1 and 216 in state 2, we first need to find the expected value of the lottery. This is given by:
Expected Value = T1 × payoff in state 1 + T2 × payoff in state 2
Expected Value = 32 × 0 + * × 216 = 72
The expected utility of the lottery is then:
Expected Utility = U (Expected Value)
Expected Utility = U(72) = 117 + 12 × 72 = 933
To find the utility of receiving the expected value of the lottery with certainty, we simply plug in the expected value into the utility function:
Utility of Expected Value = U(72) = 117 + 12 × 72 = 933
Comparing the expected utility of the lottery (933) to the utility of the expected value of the lottery (933), we can see that they are the same. This tells us that the person is risk neutral.
(b) The certainty equivalent of the lottery is the payoff that would make the person indifferent between receiving the lottery and receiving the certainty equivalent in each state. To calculate this, we set the expected utility of the lottery equal to the utility of the certainty equivalent:
U (certainty equivalent) = U (Expected Value)
117 + 12 × certainty equivalent = 933
Certainty Equivalent = (933 - 117) / 12 = 73
Comparing the certainty equivalent (73) to the expected value (72), we can see that the certainty equivalent is slightly higher. This is because the person is risk averse, and therefore requires a slightly higher payoff to be indifferent between the lottery and the certainty equivalent.
(c) To show in general that the certainty equivalent of a lottery falls short of its expected value when one is risk averse, we can use the definition of concavity. A function is concave if the second derivative is negative. Since the utility function is concave (U''(x) < 0), this means that the marginal utility of consumption decreases as consumption increases. Therefore, when we add a certain amount of money to a low payoff, the increase in utility is greater than when we add the same amount of money to a high payoff.
This means that the utility of a certain payoff (the certainty equivalent) will always be less than the utility of the expected value of a risky payoff. The difference between the two is the risk premium, which is the amount of additional payoff that the person requires to be willing to take the risk. Therefore, if the person is risk averse, the certainty equivalent of a lottery will always fall short of its expected value.
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Assume that the government imposes a binding price ceiling on a market for an inferior good. Which of the following is most likely to occur in the market if consumers' incomes increase? A The market demand will shift to the right. B The market supply will shift to the right. The shortage in the market will decrease. D The surplus in the market will increase. E) The market price will increase.
The following is most likely to occur in the market if consumers' incomes increase is that the shortage in the market will decrease. The correct option is c.
A price ceiling can be thought of as the utmost price that a vendor is permitted by law to charge clients. When imposed below the equilibrium price level, these price ceilings are legally enforceable or can be considered to be effective.
The quantity demanded exceeds the quantity provided as a result of the binding price ceiling, which causes the price to fall below the equilibrium price level. As a result, there is a market shortage. Customers who are able to purchase the good at the lower cost benefit because their consumer surplus rises. However, the consumers who must spend a lot of time and money searching for products are the ones who are most negatively impacted by the rigid price cap.
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the receiving department has three activities: unloading, counting goods, and inspecting. unloading uses a forklift that is leased for $20,500 per year. the forklift is used only for unloading. the fuel for the forklift is $4,500 per year. other operating costs (maintenance) for the forklift total $1,750 per year. inspection uses some special testing equipment that has depreciation of $2,500 per year and an operating cost of $1,750. receiving has three employees who have an average salary of $30,000 per year. the work distribution matrix for the receiving personnel is as follows: activity percentage of time on each activity unloading 40% counting 25% inspecting 35% no other resources are used for these activities. required: 1. calculate the cost of each activity. line item description amount unloading $fill in the blank 1 counting $fill in the blank 2 inspecting $fill in the blank 3 2. explain the two methods used to assign costs to activities. when the resource is used only by one activity, then fill in the blank 1 of 2 is possible. when the activities are shared, as in the case of labor, then fill in the blank 2 of 2 must be used.
The cost of each activity is $26,750, $7,500 and $4,250. Activity-based costing assigns the costs of resources to activities based on the amount of resources used by the activity.
Unloading: $20,500 + $4,500 + $1,750 = $26,750
Counting: $30,000 x 25% = $7,500
Inspecting: $2,500 + $1,750 = $4,250
When the resource is used only by one activity, then direct allocation is possible. When the activities are shared, as in the case of labor, then activity-based costing must be used.
Activity-based costing assigns the costs of resources to activities based on the amount of resources used by the activity.
In this example, the labor costs are distributed based on the percentage of time spent on each activity (e.g. 40% for unloading, 25% for counting, 35% for inspecting).
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Difference between assets and liabilities.
Answer:
see below
Explanation:
Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.
Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.
am i sus???????????????????????? ajajjjjajajaajajJaJJJJj
Explanation:
I guess? I cant tell ....
Answer:
yes you are very suss and I'm sus so
A motorist from State A struck and injured a pedestrian in State B. The pedestrian, a State B resident, brought an action in a State B federal court against the State A motorist, seeking $100,000 in damages. The summons and complaint were served on a receptionist at the motorist's place of business in State A. State A's rules permit service of process in this manner, while State B's rules do not. If the motorist moves to dismiss the complaint on the basis of improper service of process, is the court likely to dismiss the action
Answer: C. No, because the federal rules permit service under the rules of the state in which service will be effected.
Explanation:
The case was filed in federal court so the rules regarding the service of the summons will be according to the rules of federal courts.
Rule 4 of the Federal Rules of Civil Procedure allows for the service of a summons to be based on the service rules of the state where the service is to be made. As the service was done in State A and State A allows service to be at defendant's place of business, proper procedure was followed and so the court will not dismiss the action.
Differentiate wealth-creating venture from income-generating venture.
Answer:
Explanation:
A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.
An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.
another type of leverage ratio that indicates the portion of a company's assets that are funded by equity is the ____ equity
Another type of leverage ratio that indicates the portion of a company's assets that are funded by equity is the equity ratio.
The equity ratio is a financial metric that measures the proportion of a company's total assets that is financed by equity. It is calculated by dividing the total equity of the company by its total assets. The equity ratio provides insights into the extent to which a company relies on owner's equity to support its operations and investments. A higher equity ratio indicates a larger portion of assets being financed by equity, suggesting a lower level of financial leverage and potentially lower financial risk. On the other hand, a lower equity ratio implies a higher reliance on debt financing, which increases financial leverage and may amplify both returns and risks for shareholders. Monitoring the equity ratio helps stakeholders assess the company's capital structure, financial stability, and the level of protection available to shareholders in case of financial distress.
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Hatter Enterprises has current assets of $15 million and a current ratio of 3. The bank has offered Hatter a $13 million revolving credit agreement at an interest rate of 10%. Hatter will have to pay a commitment fee of 1% on the unused balance. Assuming that current assets and the current ratio remain constant, calculate the total annual financing charge associated with this agreement if Hatter borrows enough to support all of its net working capital.
a.
$1,240,000
b.
$1,310,000
c.
$1,390,000
d.
$1,030,000
Answer:
To calculate the total annual financing charge associated with the revolving credit agreement, we need to consider the interest expense and the commitment fee.
Interest Expense:
The interest rate offered by the bank is 10%. Since Hatter would be borrowing enough to support all of its net working capital, we can assume that the entire $13 million credit line would be used. Therefore, the interest expense would be calculated as:
Interest Expense = Principal Amount * Interest Rate = $13,000,000 * 10% = $1,300,000.
Commitment Fee:
The commitment fee is calculated on the unused balance of the credit line. Since Hatter is using the entire $13 million credit line, there is no unused balance. Therefore, the commitment fee would be zero.
Now, let's calculate the total annual financing charge:
Total Annual Financing Charge = Interest Expense + Commitment Fee = $1,300,000 + $0 = $1,300,000.
Therefore, the total annual financing charge associated with this agreement is $1,300,000.
None of the provided options matches the calculated amount.
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why are broad indicators better than narrow indicators
Broad indicators are better than narrow indicator because they capture better economy-wide effects.
Indicators of the economy are the figures or stats that help in analyzing the current and future trends of the economy. They can be macroeconomic indicators or microeconomic indicators. The example of such indicators are: GDP, Price Index, Retail sales, etc.
Economy is defined as the composition of all the activities involved in the production, consumption, and trade of goods and services. An economic system is composed of the customers, businesses and the government. Economy can be of three types: free market, command, and mixed. Capital is a very essential factor for an entity's economy.
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Milner Developers proposed an offer to Henry Wright,an independent contractor,offering to hire him for their next project.They offered him a certain rate and specified the contract details along with describing the stipulated mode of acceptance but received no response.Wright responded to the offer after a delay of two months with a quote for a higher amount than that mentioned by Milner Developers.Do the two parties have a binding contract?
A) No,because the offer made by Milner Developers was ambiguous.
B) No,because Wright's letter was a counteroffer to the original offer.
C) Yes,because Milner Developers did receive a response from Wright.
D) Yes,because Wright's silent signaled his acceptance of the offer.
Answer: b. No, because Wright's letter was a counteroffer to the original offer.
Explanation:
Contract is issued based on a binding agreement between two parties, the employer and the employee. The employer gives the terms and conditions which embeds the allowances, while the employee receives the letter and is either expected to give a response there or after a specific period of time, the letter cannot be changed by the employee after delay but there could be negotion within the time frame given. Wright had to offence to be blamed for; 1) he delayed the response. 2) Requesting a higher amount after a long while.
In a situation in which genes assort independently, what is the ratio of the gametes produced by an AaBB individual?
In a situation in which genes assort independently, what is the ratio of the gametes produced by an AaBB individual?
a 1 AB : 1 aB
b 1 A : 1 B
c 3 A : 1 B
d 3 AA : 1 BB
e 3 AB : 1 ab
In a situation where genes assort independently, the ratio of the gametes produced by an AaBB individual would be:
c) 3 A : 1 B
This ratio represents the proportion of different combinations of alleles that can be found in the gametes produced by the individual. In this case, the AaBB individual has two heterozygous gene pairs (Aa and BB), and each gene pair segregates independently during gamete formation.
For the Aa gene pair, there are two possible alleles (A and a), and for the BB gene pair, there are two possible alleles (B and B). When these gene pairs assort independently, the gametes will contain a random combination of alleles from each gene pair.
Therefore, out of the total gametes produced, 3/4 (or 75%) will have the A allele (either AA or Aa) and 1/4 (or 25%) will have the B allele (BB). This can be expressed as a ratio of 3 A : 1 B.
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In a traditional economic system, the primary source of employment is _______.
A
agriculture
B
industries
C
services
D
all of these
(The answer is OPTION A) In a traditional economic system, the primary source of employment is agriculture. Economic choices like production and distribution are influenced by tradition. Traditional economies rely on farming, fishing, hunting, gathering, or some combination of these activities.
These types of economies are frequently seen in rural, agrarian nations. A traditional economy, also referred to as a subsistence economy, is characterised by trading and bartering. A small amount of surplus is generated, and any surplus items are normally allocated to a ruling body or landowner.
Agriculture, fishing, hunting, gathering, or a combination of these activities, are the foundation of traditional economies. They barter instead of exchanging money. Traditional economies predominate mostly in emerging markets and developing countries.
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Which emotion is an employee most likely to communicate to a customer on the telephone if the employee begins to talk more quickly and loudly in response to the customer's questions? o encouragement O satisfaction O impatience O clarity
Answer:
Impatience
Explanation:
The employee speaking faster is telling the customer that they are in a hurry.
if the employee begins to talk more quickly and loudly in response to the customer's questions It will make customer feel impatience . Hence option C is correct .
What is Impatience talk ?It is impatience because this feeling exhibits signs like speaking loudly and fast to convey that your message is obvious but also that you are weary of discussing anything at the same time.
When someone is impatient, they lose patience and start speaking quickly to finish anything they first feel they have repeated or that they just don't want to say.
How to talk with your Customer ?You must always keep a professional attitude and manner when dealing with clients. Not just what you say, but also how you say it and how you carry yourself are part of this. Without the appropriate subtlety and business etiquette, communicating with a client could result in your firm losing business. discovering
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The two most important inventory-based questions answered by the typical inventory model are ______.
1. How much inventory should be ordered and when?
2. What is the optimal order quantity and reorder point?
The first question addresses the decision of how much inventory to order and when, taking into consideration factors such as lead time, holding costs, and shortage costs. The second question focuses on determining the optimal order quantity and reorder point, which is the level of inventory at which a new order should be placed, in order to minimize total inventory costs (such as holding and ordering costs).
These questions are crucial for effective inventory management as they help to minimize costs while ensuring that customer demand is met in a timely manner. The answers to these questions can be used to develop and implement an inventory control policy that balances the trade-off between holding costs and shortage costs, and helps to minimize overall inventory costs.
on may 3, zirbal corporation purchased 6,000 shares of its own stock for $60,000 cash. on november 4, zirbal reissued 1,500 shares of this treasury stock for $16,500.
The treasury stock is 15000. The Capital from the sale of treasury Stock is 1500.
The inventory has been attached below:
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods. Depending on a company's demands, there are several forms of inventory management, each having advantages and disadvantages.
Just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI) are some of our main inventory management strategies. The whole process of managing inventories, from raw materials to completed goods, is known as inventory management. In order to prevent shortages and gluts, inventory management works to efficiently streamline stockpiles.
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first person get brianlyeist
Answer:
yay
Explanation:
when calculating the cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is:
While calculating cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is Subtracted from raw materials used in production.
The price of the components and raw materials used to make a product is known to as the direct material cost. The finished item must make the components evidently recognizable (otherwise they are considered to be joint costs). Being one of the few manufacturing variables, the direct material cost is taken into account when calculating throughput from manufacturing processes.
Direct material cost are simple to track from the beginning of the manufacturing process through the finished products that they are turned into. In other words, it represents the precise dollar amount spent on raw materials during manufacture.
The complete question is here:
When calculating the cost of direct materials on the Schedule of Costs of Goods Manufactured, the cost of indirect materials must be:
A. Added to raw materials used in production
B. Subtracted from raw materials used in production
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luke takes temporary family leave from his job at metal works corporation to arrange for childcare and deal with financial and legal matters when naomi, his spouse, a u.s. marine on active duty, is deployed overseas. on luke’s return from the leave, metal works must
a. do nothing.
b. reimburse him for his expenses while on leave.
c. promote him to the status of a key employee.
d. restore him to his same position or a comparable position
Option D is correct, On Luke's return from the leave, the metal works corporation must restore him to his same position or a comparable position.
This is true according to California Labor Code 2922's definition of "at-will" employment for all state employees. The employer or you have the right to terminate your "at-will" employment at any moment, with no prior notice or other requirements.
The company is not permitted to use union membership as a factor in hiring decisions when employees must be let go. The prohibitions against discrimination cover hiring practices as well. Certain union activities are considered unfair labor practices according to the Labor-Management Relations Act.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
What are the main causes of demand-pull and cost-push inflation?
When there is an increase in demand for products and services, demand-pull inflation, a particular type of inflation, happens. This kind of inflation is often brought on by an increase in the inflation rate, technical advancements, or general economic expansion. Cost-push inflation happens when rising input costs force enterprises to pass along the cost to customers. Several things could cause this to happen. For instance, a tightening labor market may result in higher labor costs or the price of materials beginning to rise.
What is demand-pull and cost-push inflation?
The reduction in the overall supply of products and services brought on by an increase in the cost of production is known as cost-push inflation. Demand-pull inflation is an increase in total demand, which the macroeconomy's four sectors—households, businesses, governments, and foreign buyers—divide into.
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
Current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. How much is total stockholders' equity?
Total equity of stockholders' is $120,000
Stockholders' equity, also known as shareholder's equity or owners' equity, is the portion of a company's assets that is owned by its shareholders. It is calculated by subtracting total liabilities from total assets. In this case, current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. To calculate total stockholders' equity, (Common stock and retained earnings are both elements of stockholders' equity. Common stock of $50,000 plus retained earnings of $70,000 equals $120,000 in stockholders' equity.) This means that the total stockholders' equity is $120,000. It is important to note that this amount represents the residual interest in the assets of the company after deducting all its liabilities.
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how to calculagte this answer- A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest dollar, what is the difference between the monthly payments for these two loans?
Answer: $409.20
Explanation:
given;
loan amount = $220,000
loan option 1 = 15 years at 5.5%
loan option 2 = 30 years at 6.5%
solution:
1. monthly payment for loan 1.
$220,000/$1000 = 220
15 years at 5.5% = $8.18 * 220
= $1799.60
2. monthly payments for loan 2.
30 years at 6.5% = $6.32 * 220
= $1390.40
difference between both monthly payments.
loan option 1 monthly payment - loan Option 2 monthly payment
= $1799.60 - $1390.40
= $409.20
The difference between the monthly payments for these two loans is $409.20
The calculation is as follows:monthly payment for loan 1.
$220,000 ÷ $1000 = 220
15 years at 5.5% = $8.18 × 220
= $1799.60
2. monthly payments for loan 2.
30 years at 6.5% = $6.32 × 220
= $1390.40
difference between both monthly payments.
= loan option 1 monthly payment - loan Option 2 monthly payment
= $1799.60 - $1390.40
= $409.20
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Prompt
What is debt?
Answer:
debt is when you spent more money than you had
why teacher want me to take exam
Answer:
dont know but our state dodge it because we had power and water out so we have about 2 weeks till then i think i know fo sure its in march tho
Explanation:
Callahan, inc. , sells a forward on ounces of gold to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory. The forward represents a perfect cash flow hedge. When callahan settles the forward, it pays $100,000 to the counterparty. Required: what journal entry(ies) should callahan make prior to and at the settlement date?
Prior to the settlement date, Callahan Inc. should record the fair value of the forward contract as a journal entry, and at the settlement date, they should record the settlement by debiting the Gold Receivable and crediting Cash.
At the settlement date, Callahan Inc. should make the following journal entry to record the settlement of the forward contract:
Dr. Gold Receivable (or Forward Contract Asset) $100,000
Cr. Cash $100,000
The net effect of these journal entries is to record the fair value of the forward contract prior to settlement and then to recognize the cash settlement when it occurs.
By doing so, Callahan Inc. is able to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory, as the gain or loss on the forward contract will offset any changes in the fair value of the gold inventory.
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Norah was less educationally qualified and experienced than her colleagues when she joined Micro Systems Inc. However, due to her ability to negotiate effectively with clients, convince her team members to work harder, and understand their needs, she is a senior-level manager today. Which skills can be most attributed to Norah's success in this scenario
Answer:
human relations skills
Explanation:
It is correct to say that Norah's human relations skills helped her achieve the position of senior manager, despite being less educationally qualified than her peers.
Human relations skills correspond to the skills a person has in dealing with people, such as Norah's negotiating, convincing, understanding, and motivating skills in relation to her team members. These skills are essential for a manager, who is the leader responsible for coordinating and controlling through good interpersonal skills, the ability to help and motivate his team to achieve organizational goals and objectives.
Which of the following refers to the way that interest added to an account earns
interest itself?
APY
compound interest
APR
annuity
Answer:
APY is when interest is added to an account that is earning the money so I belive that is the answer