Creating a lasting legacy in a family business requires succession planning, which includes deciding when family members can work there, how earnings should be dispersed, who should sit on the board, how to prepare for future leadership, as well as other issues like taxes and liability.
Families are intricate, emotional systems, and as such, the history, health, and complexity of the family relationships have a significant impact on what may appear to be simple commercial decisions. That's why it's so challenging.
Why is succession important?Making sure a business always has the correct executives in place in case a change occurs rapidly is the goal of succession planning.
Your business might not get another chance if it doesn't adjust right away after a key player quits the company or passes away if you don't make an organized strategy for succession.
The success of Tire Rack stem from the fact that the family gets along so well. They also have a great customer service.
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HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
Dave wants to buy a bike for $180. He has $40. Dave mows lawns for $10 per lawn.
Answer:
He needs to mow 14 lawns.
Explanation:
Answer:
if the question is to find out how much more money he needs the answer is $140. If the question is to see how many lawns he needs to mow the answer is 14 lawns.
Explanation:
When a user is entering data on a form, they would use which view?
Answer:
Form view
Explanation:
Form view can be regarded as screen display which is used to show one item or record that is been arranged like a preprinted form. FormView control helps in displaying a single record from a data source. A form can be regarded as database object which is used when entering, editing, or displaying data from a table or a query. It should be noted that When a user is entering data on a form, they would use Form view
4. In your progress report, you want the Work Completed section to follow your
Summary of Costs. To date, the company has rewritten the home page content,
created a new logo, and updated the overall structure of the site. Currently, an idea
for site navigation has been proposed but not yet confirmed. You want to include a
visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services,
Customer Reviews, and Contact. The About section would include links to History
and Our Mission; the Services section would also include links to Pricing, Scope, and
Timeline. Show an example of a simple, custom graphic to display the navigation. (3
points)
Links to About, Services, Customer Reviews, and Contact are included in the suggested navigation option, along with dropdown menus for About (History and Our Purpose) and Services (Pricing, Scope, and Timeline).
What type of bar chart is most popular?When showing a sequence of statistics over time, it is highly helpful. If long labels are needed, vertical bar graphs have the drawback of not leaving much room at the bottom of the chart.
Which bar charts are frequently employed to display time series data?Using a sequence of bars, time series bar charts can display changes in a metric over time. This allows you to plot several series, display the breakdown of a metric across dimensions, and display the evolution of the values over time.
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Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in from sales, known as its.
Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in from sales, known as its revenue, and the money needed to operate, known as its expenses.
If a business's revenue is greater than its expenses, the business makes a profit. If a business's expenses are greater than its revenue, the business incurs a loss.
It's important to note that profit and revenue are not the same. Revenue is the total amount of money a business takes in from sales, while profit is the amount of money a business has left over after it has paid all of its expenses.
As stated , profitability is closely related to profit - but with one key difference. While profit is an absolute amount, profitability is a relative one. It is the metric used to determine the scope of a company's profitability by comparing its net income (profit) with its revenues.
In general, businesses aim to earn a profit by providing goods and services that satisfy people's needs and wants. as stated, "A business tries to earn a profit by providing goods and services that satisfy people's needs and wants.".
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Currently the UK market for Salt Pipes is worth €1.85m. It is estimated that over the next 3 years this will
Increase by around 225%.
04:Calculate the anticipated value of the UK salt pipe market in 3 years' time (4)
£1.85m - increases by 225%
1.85m/1000.0185
0.0185 * 1%
0.0185 x 225 4.1625
£1.85m 44.1625 s £6.0125
1
I
Answer:
€4.1635
Explanation:
The current market is worth €1.85m
In the next three years , it will increase by 225%
The value in three years time will be 225% of €1.85m
=225/100 x €1.85m
=2.25 x €1.85m
= €4.1635
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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_____ is communicating to an employee his or value, strengths, and contributions or other positive factors
a. acknowledging
b. attending
c. affirming
d. confirming
The term that refers to communicating to an employee their value, strengths, contributions, or other positive factors is c. affirming.
Affirming refers to the act of validating, supporting, or acknowledging the worth and dignity of individuals, particularly those from marginalized or underrepresented groups. It involves actively promoting inclusivity, equality, and respect for diverse identities, experiences, and perspectives. Affirming actions can include using inclusive language, listening attentively, empathizing, and advocating for equal rights and opportunities. Affirming others is essential for creating inclusive environments, fostering a sense of belonging, and combating discrimination and prejudice. It helps empower individuals, boost self-esteem, and promote a culture of acceptance and understanding. Affirming behaviors and attitudes contribute to building a more equitable and inclusive society where everyone can thrive.
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how do i solve this?
The difference between the price paid by consumers and the price received by producers remains unchanged. The statement is False.
What do you mean by supply and demand?Supply is thought to slope upward because suppliers are willing to produce more as prices rise. In general, demand is thought to slope downward because consumers tend to buy less when prices are higher.
The price of beer and quantity of beer in terms of (Dollars and thousands per case):
Tax Price paid Price received Quantity of
by consumers by producers Beer Sold
0 5 5 5
4 7 3 3
Here, after the imposition of tax , the difference between the price paid by consumers and the price received by producers has been changed.
After the imposition of tax , the price paid by consumers is $7 and the price received by producers is $3.
Therefore, the difference between the price paid by consumers and the price received by producers remains unchanged. The statement is False.
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This is an incomplete question, the complete question is attached below:
HELP
State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month.
chart:
Housing = $938
Food = $598
Child Care = $769
Transportation = $1,042
Health Care = $699
Other Necessities = $620
Taxes = $741
Answer:
Full-time worker minimum monthly income = US$ 7,846.40, Part-time worker minimum monthly income = US$ 7,846.40, Full-time worker hourly wage = US$ 49.04
Explanation:
by offering training to workers whose firms laid them off because of competition from foreign firms, the federal government is attempting to reduce a. seasonal unemployment. b. structural unemployment. c. cyclical unemployment. d. frictional unemployment.
By offering training to workers whose firms laid them off because of competition from foreign firms, the federal government is attempting to decrease structural unemployment. So option b. is correct.
Structural unemployment is long-lasting unemployment that comes about due to diverts in an economy. This type of unemployment occurs because through jobs being available, there's a mismatch between what companies require and what functional workers deliver. Structural unemployment can endure for decades and usually mandates a radical transition to change.
Technology manages to exacerbate structural unemployment, marginalizing specific workers and rendering certain jobs, such as manufacturing, obsolete.
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what information do the people of east and west egg know and not know about gatsby?
The East Egg is the location where people who were born rich live, while the West Egg is the location where people who have recently become rich live in the book "The Great Gatsby." The East Egg stands in for the Buchanans, who inherited their wealth.
The West Egg for Gatsby, who has new money, and The Valley of Ashes for the plight of the underprivileged, such as George Gatsby. Within the upper class, socioeconomic distinctions are divided into the West Egg and the East Egg. The east egg represents old money and people whose wealth has been accumulated over many generations.
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skills are the most important for accountants when presenting their
work to clients.
O A. Communication
O B. Multitasking
OC. Social media
OD. Math
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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what kind of demand curve does the monopolist face? group of answer choices the monopolist faces an upward sloping demand curve, which means if it wants to sell a low level of output, it will charge a low price, and if it wants to sell a high level of output it will charge a high price. the monopolist faces a vertical demand curve where the quantity demanded remains the same, regardless of what price is set. the monopolist faces a horizontal demand curve just like the perfectly competitive firm where any change in price will lead to zero units demanded. the monopolist faces a downward sloping demand curve, which means if it wants to sell a low level of output, it can charge a high price, and if it wants to sell a large level of output it will have to charge a low price. g
The monopolist faces a downward sloping demand curve.
The downward sloping demand curve of a monopolist means that if it wants to sell a low level of output, it can charge a high price, and if it wants to sell a large level of output, it will have to charge a low price.
This type of demand curve is unique to monopolists, as they have the ability to set their own prices due to being the sole provider of a particular product or service in the market. In contrast to perfectly competitive firms, which face a horizontal demand curve, monopolists have price-setting power and can adjust prices to influence the quantity demanded.
As the monopolist raises the price, the quantity demanded decreases, and vice versa. This downward sloping demand curve reflects the law of demand, which states that as the price of a good increases, the quantity demanded decreases, all else being equal.
To maximize profits, monopolists will choose the optimal combination of price and quantity that corresponds to the point where their marginal revenue equals their marginal cost. By doing so, they can effectively balance the trade-off between charging a higher price for fewer units versus charging a lower price for a larger quantity of units.
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how is an impairment loss recognized on the financial statements for a cost method equity investment? in other comprehensive income in current earnings deferred until recoverable impairment losses are not recognized on cost method investments.
Impairment losses are not recognized on cost method investments.
What exactly is an impairment loss?When an asset's fair value decreases, an impairment loss is a recognised decrease in the asset's carrying amount. The difference is written off when an asset's fair value falls below its carrying value. Impairment typically involves an abrupt reduction in value. It may occur from unforeseen causes like a financial catastrophe or natural calamity. Depreciation is the anticipated decline in market value brought on by ordinary wear and tear. For instance, once an automobile leaves the dealership, it automatically depreciates.
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HELP!!!!!!!!!
Ulysses has some questions about the company that he has just started working for. What is NOT a good resource for Ulysses to use to answer his questions?
his supervisor
the company website
the employee handbook
his clients
Answer:
His clients
Explanation:
Different clients have different opinions which may not be true about the company and do not know the details of what is happening.
What can you do to help identify your aptitudes and abilities?
Answer:
First, you can simply brainstorm a list of all of your skills. If you aren’t sure what you are good at, your friends and family are always great resources to turn to. They have a good idea of your skills (others can sometimes see your aptitudes when you yourself cannot see them) You can also create a chart to break down categories, it may help you identify skills if you think of them in special categories.
Jada left a job that paid $40,000 per year. At the end of her first year in business, her revenues summed to $90,000, and her explicit costs were $50,000. Also, in order to fund her business startup, Jada cashed in a $20,000 certificate of deposit that was providing an annual yield of 5%. Ceteris paribus, Jada's economic profit is
If Jada left a job that paid $40,000 per year. Jada's economic profit is -$1,000.
Economic profitUsing this formula
Economic profit=Total revenue -(Explicit costs + implicit costs)
Let plug in the formula
Economic profit=$90,000-[$50,000+$40,000+($20,000×5%)]
Economic profit=$90,000-($50,000+$40,000+$1,000)
Economic profit=$90,000-$91,000
Economic profit=-$1,000
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why is foreign employment important ?
Answer:
Foreign employment can be important for a number of reasons, including:
Economic growth: Foreign employment can bring in significant amounts of foreign currency to a country, which can help to boost the economy.
Poverty reduction: Foreign employment can provide individuals and families with higher wages than they would be able to earn in their home country, which can help to reduce poverty.
Career development: Foreign employment can provide individuals with opportunities to gain new skills and experiences, which can help to improve their career prospects.
Cultural exchange: Foreign employment can also provide an opportunity for cultural exchange, which can help to promote understanding and tolerance between different countries and cultures.
Remittances: Foreign workers often send money back to their home country, known as remittances, which can be a major source of income for families and communities.
Human Development: Foreign employment can provide individuals with better access to education, healthcare, housing and other essential services, which can improve their overall quality of life and human development.
All in all, Foreign employment can have a positive impact on the economy and society by providing people with better living conditions, opportunities and increasing the GDP.
Answer:
Explanation:
Here are three primary reasons why foreign employment is beneficial for your business.
1.More innovation
A foreigner, being from a different country and culture will bring new ideas and ways to challenges. These insights can be used to enhance processes and systems.
Availability to global markets
2.Access to global markets
Numerous firms leverage the links their overseas employees have to their native nations. Consider a corporation with a German employee that desires to explore the German or European market. The employer is in an ideal position to request insight or even contacts from the German employee in order to create partnerships in Germany.
3.Better fulfilling working atmosphere
Most individuals like learning from their peers. Foreign workers have so much to give their coworkers in this aspect. Not only from a financial standpoint, but also from a personal and cultural standpoint. This makes the workplace more engaging and rewarding for every employee.
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is considering purchasing a water park in , for . the new facility will generate annual net cash inflows of for years. engineers estimate that the facility will remain useful for years and have no residual value. the company uses straight-line depreciation. its owners want payback in less than five years and an arr of % or more. management uses a % hurdle rate on investments of this nature.
To determine if the water park purchase meets the owners' criteria, we need to calculate the payback period and the ARR (Accounting Rate of Return). To calculate the payback period, we divide the initial investment by the annual net cash inflows.
In this case, the initial investment is $X (not mentioned in the question), and the annual net cash inflow is $Y (not mentioned in the question).
Let's assume the values of X and Y to explain the calculation.
Assuming the initial investment is $1,000,000 and the annual net cash inflow is $200,000, we can calculate the payback period as follows:
Payback Period = Initial Investment / Annual Net Cash Inflow
Payback Period = $1,000,000 / $200,000
Payback Period = 5 years
Since the owners want a payback period of less than five years, the water park purchase meets their criteria.
2. Accounting Rate of Return (ARR):
To calculate the ARR, we need to determine the average annual net cash inflow and divide it by the initial investment. Let's assume the average annual net cash inflow is $180,000.
ARR = (Average Annual Net Cash Inflow / Initial Investment) x 100
ARR = ($180,000 / $1,000,000) x 100
ARR = 18%
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By considering the payback period, ARR, and hurdle rate, the company can determine whether purchasing the water park is a financially viable decision. If the payback period is less than five years, the ARR meets the desired percentage, and the ARR exceeds the hurdle rate, then it would be advisable to proceed with the investment.
To determine whether it is feasible to purchase a water park, the company needs to consider the payback period and the accounting rate of return (ARR) requirements set by its owners, as well as the hurdle rate used by management.
1. Payback period: The company's owners want the investment to be paid back in less than five years. To calculate the payback period, divide the initial investment (cost of purchasing the water park) by the annual net cash inflows. If the payback period is less than five years, it meets the owners' requirement.
2. Accounting rate of return (ARR): The owners also want an ARR of a certain percentage or more. ARR measures the profitability of an investment and is calculated by dividing the average annual net income by the initial investment. If the ARR is equal to or greater than the desired percentage, it meets the owners' requirement.
3. Hurdle rate: Management uses a certain percentage as a hurdle rate for investments of this nature. The hurdle rate represents the minimum rate of return that the investment should generate to be considered acceptable. If the ARR exceeds the hurdle rate, it indicates that the investment is profitable and should be pursued.
By considering the payback period, ARR, and hurdle rate, the company can determine whether purchasing the water park is a financially viable decision. If the payback period is less than five years, the ARR meets the desired percentage, and the ARR exceeds the hurdle rate, then it would be advisable to proceed with the investment. However, if any of these requirements are not met, the company should reconsider its decision or explore alternative options.
Remember, these calculations are based on the information provided, such as the annual net cash inflows, useful life of the facility, and straight-line depreciation method.
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different between profession and professional human resources in points
Answer:
Explanation:
Hi
Look at the equation framework.
3 empty boxes show the parts of an equation. The first box = the second box minus the third box.
Which of the following lists the proper placement of terms, from left to right, to complete the equation?
revenue, profit, opportunity cost
profit, revenue, production cost
production cost, profit, revenue
opportunity cost, revenue, profit
Answer:
profit, revenue, production cost
Explanation:
Profit is the rewards or gains realized for engaging in business activities. A business is profitable when revenue is more than the expenses.
Revenue is the income generated from the normal business activities of selling goods and services.
Production costs are the expenses incurred in making goods meant for sale.
Answer:
B
or
profit, revenue, production cost
Explanation:
What should a business view as the ultimate measure of work performance to successfully implement the marketing concept?.
To successfully utilize the marketing concept, a business should see the value perceived by customers as the ultimate barometer of work performance.
Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering marketing goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out performance marketing for a business. To successfully utilize the marketing concept, a business should see the value perceived by customers as the ultimate marketing barometer of work performance.
Employees in a company's marketing and promotion divisions aim to marketing attract the attention of key target populations through advertising. Promotions are aimed at certain demographics and may performance include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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money market securities a) are short term. b) are highly marketable.
Both options (a) and (b) are correct for money market securities. Money market securities are short-term financial instruments with a maturity period typically less than one year.
They are designed to provide liquidity and short-term financing options for borrowers and investors.
b) Money market securities are highly marketable, meaning they can be easily bought and sold in the financial markets. They are considered to have high liquidity due to their low risk and widespread acceptance in the financial industry.
Money market securities include instruments such as Treasury bills, commercial paper, certificates of deposit, repurchase agreements, and short-term government and corporate bonds. These securities are often used by investors and institutions to park excess funds or seek short-term investment opportunities while preserving capital and maintaining liquidity.
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kerri anne, a single taxpayer, reported $553,900 alternative minimum taxable income before any exemption on a 2022 form 1040. calculate kerri anne's amt exemption. multiple choice $3,500 $72,400 $75,900 none of these choices are correct
Kerri Anne's alternative minimum taxable income (AMTI) of $553,900 in 2022 does not match any of the given options for the AMT exemption.
The AMT exemption is a deduction allowed to taxpayers to reduce their alternative minimum taxable income (AMTI) and mitigate the impact of the alternative minimum tax (AMT). The AMT exemption amount varies based on filing status.
For the tax year 2022, the AMT exemption amounts are as follows:
- Single taxpayer: $73,600
- Married filing jointly: $114,600
- Head of household: $73,600
- Married filing separately: $57,300
In this case, Kerri Anne is a single taxpayer. However, none of the given options ($3,500, $72,400, $75,900) match the correct AMT exemption amount for a single taxpayer in 2022.
Therefore, based on the information provided, none of the given choices are correct for Kerri Anne's AMT exemption. It is important to note that the AMT exemption can change annually due to tax law updates and adjustments.
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Bought a machine for Rs.100000 from ABC trading concern in account
Answer:
whats the question. Please let me know
Explanation:
Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False
Which type of bankruptcy is when a person sells all their assets to eliminate their debt? Chapter 6 Chapter 7 Chapter 11 Chapter 13
The type of bankruptcy which occur wheen is when a person sells all their assets to eliminate their debt is Chapter 7.
What is Chapter 7 bankruptcy?Chapter 7 bankruptcy can be described as the “liquidation” bankruptcy. Businesses going through this type of bankruptcy are past the stage of reorganization and must sell off assets to pay their creditors.
It should be noted that the process works much the same for individuals however the Bankruptcy do make people who can no longer pay their debts get a fresh start by liquidating assets so that they can attend to their debts or by creating a repayment plan, in conclusion Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
Therefore, option C is correct.
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Answer: it is c took the assesment and got it right
Explanation: im him