Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions):
a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round your calculations and answers to one decimal place. Assume 365 days a year.
Xavier Lestrade
1. Accounts receivable turnover 2. Number of days' sales in receivables days days
Answers
Xavier has an accounts receivable turnover of 10 and takes 36.5 days to collect payments, while Lestrade has an accounts receivable turnover of 7 and takes 52.1 days to collect payments.
To calculate the accounts receivable turnover and the number of days' sales in receivables, we need to use the following formulas:
1. The formula for accounts receivable turnover is sales divided by the average amount owed.
2. The accounts payable turnover divided by the number of days' sales in receivables is 365.
Let's calculate these metrics for both Xavier and Lestrade:
Xavier:
Average Accounts Receivable = (Beginning Credit Card Receivables + Ending Credit Card Receivables) / 2
= (820 + 880) / 2
= 850
1. Accounts Receivables Turnover is calculated as Sales / Average Receivables.
= 8,500 / 850
= 10
2. 365 divided by the accounts receivable turnover gives the number of days' sales in receivables.
= 365 / 10
= 36.5 days
Lestrade:
Average Accounts Receivable = (Beginning Credit Card Receivables + Ending Credit Card Receivables) / 2
= (600 + 710) / 2
= 655
1. Accounts Receivables Turnover is calculated as Sales / Average Receivables.
= 4,585 / 655
= 7
2. 365 divided by the accounts receivable turnover gives the number of days' sales in receivables.
= 365 / 7
= 52.1 days
So, the calculations for Xavier are:
Accounts receivable turnover: 10
36.5 days are the number of days that sales are still owed.
And the calculations for Lestrade are:
Accounts receivable turnover: 7
Number of days' sales in receivables: 52.1 days
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Complete Question:
Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions):
Xavier Lestrade
Sales $8,500,000 $4,585,000
Credit card receivables—beginning 820,000 600,000
Credit card receviables—ending 880,000 710,000
a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round your calculations and answers to one decimal place. Assume 365 days a year.
Xavier Lestrade
1. Accounts receivable turnover
2. Number of days' sales in receivables days days
Related Questions
.A car salesman earns a 7% commission on the price of any car he sells. If he earns $620 on the sale of a car, then he sold the car for a price of $________. Hint: Round to the nearest cent as needed.
**HELP, WILL MARK BRAINLIEST**
Answers
Explanation: $620/.07= $8,857.14
morris needs to pay for some repairs made to one of the units in his apartment complex. which bank account should he use?
Answers
Morris needs to determine which bank account he should use to pay for the repairs made to one of the units in his apartment complex.
Here are a few things Morris should consider when making this decision:
Purpose of the bank account: Morris should consider the purpose of the bank account he wants to use to pay for the repairs. If he has a specific account set up for his apartment complex's expenses, he should use that account. If not, he should consider using a business or a separate personal account for the expenses related to the apartment complex.
Availability of funds: Morris should ensure that the bank account he chooses has enough funds to cover the cost of the repairs. If the funds are not available, he may need to transfer money from another account to the one he plans to use for the repairs.
Record Keeping: Morris should ensure that the bank account he uses for the repairs allows him to easily track and categorize the expenses. This will help him keep accurate records of the expenses related to the apartment complex and ensure that he can provide the information if needed in the future.
Fees and Interest Rates: Morris should consider any fees or interest rates associated with the bank account he plans to use. Some bank accounts may have monthly maintenance fees, while others may offer interest on the funds in the account. Morris should choose a bank account that best suits his needs and helps him save money in the long run.
Convenience: Morris should consider the convenience of using the bank account for the repairs. If he needs to make the payment quickly, he should choose an account that offers online or mobile banking options that allow him to transfer funds easily.
In conclusion, Morris should consider the purpose of the bank account, the availability of funds, record keeping, fees and interest rates, and convenience when determining which bank account he should use to pay for the repairs made to one of the units in his apartment complex.
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phil ensures that his employees get extra time off when their performance and productivity is exceptionally high. this is an example of positive
Answers
Phil ensuring that his employees get extra time off when their performance and productivity are exceptionally high is an example of positive reinforcement. Positive reinforcement is a concept from behavioral psychology that involves providing rewards or positive consequences to reinforce desired behaviors.
In this case, Phil is using extra time off as a reward to reinforce and encourage high performance and productivity among his employees. By recognizing and rewarding exceptional performance with additional time off, Phil is reinforcing the behavior and creating a positive association between high productivity and a valuable incentive. Employees are motivated to perform at their best in order to earn the extra time off. The prospect of a reward provides an additional incentive to excel in their work. Recognizing and rewarding exceptional performance helps create a positive work environment where employees feel valued and appreciated. This can lead to increased engagement, job satisfaction, and overall morale among the employees.
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If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:
Answers
It should be noted that if an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on policy limit.
A policy limit can be regarded as the monetary amount that is required to be paid by insurance company with respect to a specific insurance policy claim.
Therefore, in case of an owner-occupied home is totally destroyed without fraud by a fire, this loss is policy limit.
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Build the monthly cash flow schedule (in Excel) for an agency mortgage pass thru security with the following information. Attach the Excel file to this assignment.
Principal = $750,000,000
Pass thru rate = 6. 80%
WAC = 7. 80%
WAM = 335 (all mortgage loans in the portfolio were originally due in 30 years)
PSA = 200
Answers
These steps can be used to build a monthly cash flow schedule for an agency mortgage pass-thru security, which includes calculating interest and principal payments and ending balances for each month.
Assuming that the mortgage pass-thru security has 360 monthly payments (30 years x 12 months), here are the steps to build the monthly cash flow schedule:
Create a table with the following columns: Month, Beginning Balance, Scheduled Payment, Interest Payment, Principal Payment, Ending Balance, and Cumulative Principal Payment.
Input the Principal amount in cell B2 (Beginning Balance) of your Excel worksheet.
Calculate the monthly interest rate by dividing the Pass-thru rate by 12. In this case, the monthly interest rate is 6.80%/12 = 0.5667%.
Calculate the monthly payment amount using the PMT function in Excel. The formula for PMT is: =PMT(rate,nper,pv). In this case, the formula is: =PMT(0.078/12,360,750000000).
Input the monthly payment amount in cell C3 (Scheduled Payment) of your Excel worksheet.
Use the following formula in cell D3 (Interest Payment) to calculate the interest payment for the first month: =B2*0.005667. This is the beginning balance (cell B2) multiplied by the monthly interest rate calculated in step 3.
Use the following formula in cell E3 (Principal Payment) to calculate the principal payment for the first month: =C3-D3. This is the scheduled payment (cell C3) minus the interest payment (cell D3).
Use the following formula in cell F3 (Ending Balance) to calculate the ending balance for the first month: =B2-E3. This is the beginning balance (cell B2) minus the principal payment (cell E3).
Use the following formula in cell G3 (Cumulative Principal Payment) to calculate the cumulative principal payment for the first month: =E3. This is the principal payment (cell E3).
Copy and paste the formulas in cells D3 to G3 down to cells D363 to G363 to calculate the interest payment, principal payment, ending balance, and cumulative principal payment for each month.
Your monthly cash flow schedule is now complete. You can use conditional formatting to highlight negative ending balances or add a chart to visualize the cash flow.
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When a marketing researcher uses a collection of reports, customer letters, financial statements, and surveys from different departments within her firm, she is using
Answers
When a marketing researcher uses a collection of reports, customer letters, financial statements, and surveys from different departments within her firm, she is using Internal secondary data.
A study technique called secondary research, commonly referred to as desk research, is gathering pre-existing data obtained from various sources. This refers to both external sources (such as outside research) and inside sources such as internal research as government statistics, organizational bodies, and the internet.
Secondary research may be found online, in libraries, and museums, and it can be obtained in a variety of ways, including published statistics, reports, and survey results. The data was acquired via surveys, phone interviews, observation, face-to-face interviews, and other methods, and is often free or available with a fee for restricted access. Researchers gather secondary research, verify it, analyze it, and then incorporate it to support the confirmation of their research objectives for the study period.
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What characteristic is somewhat shared by perfect competition and
monopolistic competition?
Few sellers
O Unique products
Government controls
O
Ease of entering
Answers
Answer:
Ease of entering
Explanation:
The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.
In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.
One characteristic of plant assets is that they are? A.Long term investment. B.Natural resources. C.Intangible. D.Used in operations. E.Current Assets
Answers
A characteristic that plant assets have is that they are A. Long term investment.
What are plant assets ?Plant assets are also known as fixed assets but they are not just any fixed assets, they are tangible and physical unlike goodwill. Examples of plant assets include machinery and vehicles.
Plant assets are meant to be long - term investments which is why they fall under capital assets. They are bought to be used for operations and other things, both in the current period and in other periods to come, until their useful lives are up.
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Design thinking is based on the needs of the designer.
True
False
Answers
Answer:
True
Explanation:
what's two examples of a direct competition?
Answers
Answer and Explanation:
Direct competition is a type of competition where two or more businesses offers the same kind of product and compete in the similar market.
The examples like dominos versus pizza hut in terms of food, HP versus Dell in terms of laptop
So in this examples they sell the same kind of products and compete each other
A stock has an expected return of 10. 5 percent, its beta is 1. 15, and the risk-free rate is 5 percent. What must the expected return on the market be
Answers
To determine the expected return on the market, given a stock's expected return of 10.5 percent, a beta of 1.15, and a risk-free rate of 5 percent, we can use the Capital Asset Pricing Model (CAPM). The expected return on the market must be 10.65 percent.
The Capital Asset Pricing Model (CAPM) is a widely used model for calculating expected returns on investments. It takes into account the risk of an investment relative to the overall market. The formula for CAPM is:
Expected Return on Stock = Risk-free Rate + Beta * (Expected Return on Market - Risk-free Rate)
In this case, the stock has an expected return of 10.5 percent, a beta of 1.15, and a risk-free rate of 5 percent. To find the expected return on the market, we rearrange the formula and solve for it:
Expected Return on Market = (Expected Return on Stock - Risk-free Rate) / Beta + Risk-free Rate
Plugging in the given values, we get:
Expected Return on Market = (10.5% - 5%) / 1.15 + 5% = 10.65%
Therefore, the expected return on the market must be 10.65 percent to match the stock's expected return of 10.5 percent, given its beta of 1.15 and the risk-free rate of 5 percent.
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5 to 7 paragraphs Imagine that your manager has asked you to write an email to all department heads. What are three important questions you should ask her before you start writing to ensure you create the most effective communication?
Answers
Answer:
1.What is the main goal of the email?
2.Are there any specific topics or information that should be included in the email?
3.Who is the intended audience of the email
For a private NFP hospital, how are donated supplies accounted for? a. They are not accounted for. b. The are recognized as revenue and an asset at the cost the donator paid for them. c. They are recognized as revenue at Fair-Market-Value in the period received and as either an asset or an expense.
Answers
For a private not-for-profit (NFP) hospital, donated supplies are typically accounted for as option C: They are recognized as revenue at Fair Market Value (FMV) in the period received and as either an asset or an expense.
When donated supplies are received, the hospital needs to record the fair market value of those supplies as revenue in its financial statements. This recognizes the value of the contribution and reflects the increase in the hospital's resources. The fair market value is determined based on the estimated value of the supplies if they were to be purchased at the time of donation.
The donated supplies can be classified as either an asset or an expense, depending on their nature and usage. If the supplies will be used in the normal course of operations to provide services to patients, they are recognized as assets on the balance sheet. If the supplies are consumed or distributed directly to patients, they may be recognized as an expense on the income statement.
Properly accounting for donated supplies helps ensure accurate financial reporting and transparency in reflecting the value of contributions received by the hospital. The correct answer in option C : they are recognized as revenue at Fair-Market-Value in the period received and as either an asset or an expense
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1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
Walmart's management has asked you to calculate their weighted average cost of capital. Their CFO tells you that they currently have 45% of their financing from debt, 10% from preferred stock and 45% from common equity. However, they have a target of 40% from debt, 5% from preferred stock and the remainder from common equity. The CFO says that the last time they issued bonds, the cost was 5.2%. They have some existing 20 year bonds that have a coupon rate of 3.4%, are non-callable and pay semi-annual payments. These cost $1,023. They also have some 5 years bonds that have a coupon rate of 2.7%, are non-callable and pay semi-annual payments. These cost $1,076. And they have some 20 year bonds that have a coupon rate of 3.6%, that are callable and pay semi-annual payments. These cost $1,010. Walmart's previous tax rate was 23% but they expect that in the future the tax rate will be 24.4%. They have preferred stock that has a par value of $100. The dividend rate is 6.3% and the cost is $154.23 per share. The flotation cost of the preferred stock is 3%. Walmart's stock price is $142.60 per share. They pay an annual dividend of $2.24 which is expected to grow at a constant rate of 3.5% a year. The stock has a Beta of 53. The market risk premium is 5.7% and the risk free rate is 25% (that is one quarter of one percent). Walmart's management considers their stock to have a risk premium above their bonds of 1.5%."What is Walmart's cost of common equity using the DCF method?A. 3.50%B. 3.87%C. 4.15%D. 5.13%
Answers
Based on the given options, the closest answer to Walmart's cost of common equity using the DCF method is: D. 5.13%. Therefore, correct option is D.
How to calculate Cost of common equity? The cost of common equity using the DCF method can be calculated using the following formula:
Cost of Common Equity = (Dividend / Current Stock Price) + Growth Rate
Where:
- Dividend = Annual dividend per share
- Current Stock Price = Walmart's current stock price
- Growth Rate = Expected constant growth rate of dividends
Plugging in the given values, we get:
- Dividend = $2.24
- Current Stock Price = $142.60
- Growth Rate = 3.5%
Cost of Common Equity = ($2.24 / $142.60) + 3.5%
Cost of Common Equity = 0.0157 + 0.035
Cost of Common Equity = 0.0507 or 5.07%
Based on the given options, the closest answer to Walmart's cost of common equity using the DCF method is: D. 5.13%. Therefore, the answer is D. 5.13%.
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Suppose you pay back $ 675 on a $ 625 loan you had for 105 days. What was your simple annual interest rate? State your result to the nearest hundredth of a percent.
Answers
The simple annual interest rate for the loan is approximately 32.83%, rounded to the nearest hundredth of a percent.
To calculate the simple annual interest rate, we can use the formula:
Interest = Principal * Rate * Time
Given:
Principal (loan amount) = $625
Amount paid back = $675
Time = 105 days
First, let's calculate the interest paid on the loan:
Interest = Amount paid back - Principal
Interest = $675 - $625
Interest = $50
Next, let's convert the time from days to years:
Time in years = Time in days / 365
Time in years = 105 days / 365
Time in years ≈ 0.2877
Now, we can calculate the interest rate using the formula:
Rate = Interest / (Principal * Time)
Rate = $50 / ($625 * 0.2877)
Calculating this, the simple annual interest rate is approximately 32.83%.
Therefore, The simple annual interest rate for the loan is approximately 32.83%, rounded to the nearest hundredth of a percent.
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What is the definition of hangry my friend keeps saying it but i dont understand
Answers
Answer:
hangry is when you feel hungry and angry at the same time
Explanation:
basically, your angry because of the fact that your hungry
Money held by the lender to pay homeowners insurance and property taxes is put in a fund called _____. A. Closing costs b. Commission c. Escrow d. Origination Please select the best answer from the choices provided A B C D.
Answers
Answer:
pretty sure it is c. escrow
Explanation:
I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)
Answers
Answer:
I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.
Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price will be $1,000. The tax rate is 35%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs. Round your answer to two decimal places. % What if the flotation costs were 11% of the bond issue? Round your answer to two decimal places. %
Answers
Answer:
if the flotation costs were 2%, the after-tax cost of debt is 5.10%
if the flotation costs were 11%, the after-tax cost of debt is 4.63 %
Explanation:
After-tax cost of debt = Market Interest × ( 1 - tax rate)
Calculation of the Market Interest
Hint : Use the time value of money principles
Pv = -$1,000
Pmt = $1,000 × 8 % = $80
P/yr = 1
N = 20
Fv = $1,000
YTM = ?
Using a financial calculator, the market interest is 8%
After-tax cost of debt = Market Interest × ( 1 - tax rate)
= 0.08 × (1- 0.35)
= 0.052 or 5.20 %
If Flotation cost is 2%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.02)
= 5.096 % or 5.10% (two decimal places)
If Flotation cost is 11%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.11)
= 4.628 % or 4.63 % (two decimal places)
Marginal revenue is the change in total revenue resulting from the sale of the last unit. The marginal revenue generated from selling the 21st jacket is
Answers
To determine the marginal revenue generated from selling the 21st jacket, we need to have information about the total revenue generated from selling the previous 20 jackets and the 21st jacket.
Let's assume that the total revenue generated from selling 20 jackets is $500 and the total revenue generated from selling 21 jackets is $525.
Marginal revenue = Change in total revenue / Change in quantity sold
Change in total revenue = $525 - $500 = $25
Change in quantity sold = 21 - 20 = 1
Therefore, "the marginal revenue generated from selling the 21st jacket is $25...
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HELP I AM BEING TIMED!!!!!
Damell has an eye for detail and is good at drawing realistic pictures. His friend Riannon is very good with her
hands and at following directions to assemble materials. Considering Damell and Riannon's skills, how would they
best fit into careers in architecture and construction?
Damell is bemer fit for work in construction, while Riannon is better fit for work in architecture.
O Riannon is better fit for work in construction, while Damell is better fit for work in architecture.
Both Damell and Riannon would be more successful in architecture than in construction.
O Both Damell and Riannon would be more successful in construction than in architecture.
Answers
Answer: b
Explanation:
in these, the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture. The correct option is (B).
What do you mean by the architecture?Architecture, as opposed to construction-related abilities, is the art and technique of designing and building.
Architecture is a discipline that satisfies both functional and expressive needs, and as a result, it serves both utilitarian and aesthetic goals.
These two ends can be identified from one another but they cannot be separated, and the proportional importance accorded to each can differ significantly.
In accordance with the requirements of its various organizations, society determines the types of architecture, not architects. Society establishes the objectives, and the architect is tasked with figuring out how to get there.
Therefore, in these the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture.
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April works diligently to accomplish the company goals in an efficient and effective manner, utilizing her employees through planning, organizing, leading, and controlling company resources. April is.
Answers
April works diligently to accomplish the company goals in an efficient and effective manner, utilizing her employees through planning, organizing, leading, and controlling company resources. April is managing.
How do you describe an efficient individual?
Acting or functioning inside the excellent viable manner with the least waste of time and effort; having and the use of needful understanding, talent, and industry; in a position; capable: a reliable, green assistant.
What's efficient and instance?
The definition of efficient is being efficient with minimal effort. An example of efficient is a vehicle that receives 60 miles to a gallon of gasoline.
What does it suggest to be efficient at paintings?
Performance inside the workplace approach while employees carry out the ideal responsibilities in the proper manner, with the least waste of time and effort. In essence, improving workplace performance is ready assisting personnel paintings smarter, no longer more difficult.
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A normal cost system applies overhead to jobs ________.
Answers
A normal cost system applies overhead to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. Thus, option (b) is correct.
This process of applying overhead manufacturing costs to jobs is called normal costing under the normal cost system, which applies overhead to costs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs.
The overhead costs applied to jobs using a predetermined overhead rate are recorded as credits in the manufacturing overhead account. Actual overhead costs are not assigned to jobs in a normal cost system.
As a result, the significance of the normal cost system applies overhead to jobs are the aforementioned. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
A normal cost system applies overhead to jobs ________.
A. By multiplying a predetermined overhead rate by the estimated amount of the allocation base incurred by the job.
B. By multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job.
C. Using the actual amount of overhead caused by each job.
D. Using the normal amount of overhead caused by each job.
A bar graph of the projected percent change for wage and salary employment projected between 2016 and 2026; Healthcare and social assistance 1.9 percent; Mining 1.4 percent; Educational services, private 1.3 percent; Construction 1.2 percent; Professional and business services 1 percent; Leisure and hospitality 0.8 percent; Transportation and warehousing 0.7 percent; Financial activities 0.6 percent; Other services 0.5 percent; State and local government 0.4 percent; Retail trade 0.3 percent; Wholesale trade 0.2 percent; Information 0.2 percent; Utilities 01. percent; Federal government -0.2 percent; Manufacturing -0.6 percent.
U.S. Bureau of Labor Statistics
Which career field is likely to experience growth in salary in the next few years below the annual median? (5 points)
Group of answer choices
Education
Hospitality
Government
Construction
Answers
Construction is the career field that is most likely to see salary growth below the annual median between 2016 and 2026, Construction's projected percentage change is 1.2%, which is higher than the percentage changes for government, education, and hospitality.
What is Annual Median?The annual median is the point in a salary or wage distribution where half of the workers earn more than the median and half earn less. It is a central tendency measure that is frequently used to describe the typical or average salary or wage for a specific industry or occupation.
Typically, the annual median is calculated by placing all wages or salaries in a distribution from lowest to highest and finding the middle. The median is the average of the two middle values if the salaries or wages are even.
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How can one improve customer service?
One can obtain regular
from customers to devise effective strategies.
Answers
Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
Answers
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
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why might a company be in the same industry but not in the same strategic group?
Answers
In business, a strategic group is a collection of companies within an industry that have similar strategies, business models, and competitive positions. Each strategic group has its own unique set of strengths and weaknesses that differentiate it from other groups within the industry.
A company can be in the same industry but not in the same strategic group for a number of reasons. One reason is that companies within the same industry may target different market segments or customer needs, and therefore have different strategic focuses and business models.
Another reason is that companies may differ in their geographic scope, with some companies having a global reach while others only operate in a specific region or country. Additionally, companies may have different levels of technological capabilities or resources, which can impact their ability to compete and position themselves within the industry.
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[The following information applies to the questions displayed below.]Assume Ethan Lester and Vick Jensen are CPAs. Ethan was seen as a "model employee" who deserved a promotion to director of accounting, according to Kelly Fostermann, the CEO of Fostermann Corporation, a Maryland-based, largely privately held company that is a prominent global designer and marketer of stereophonic systems. The company has an eleven person board of directors.Kelly considered Ethan to be an honest employee based on performance reviews and his unwillingness to accept the promotion, stating that he wasn’t ready yet for the position. Kelly admired his willingness to learn and grow, not just expect a promotion. Little did she know that Ethan was committing a $50,000 fraud during 2015 by embezzling cash from the company. In fact, no one seemed to catch on because Ethan was able to override internal controls. However, the external auditors were coming in and to solidify the deception, he needed the help of Vick Jensen, a close friend who was the accounting manager and also reports to Ethan. Ethan could "order" Vick to cover up the fraud but hoped he would do so out of friendship and loyalty. Besides, Ethan knew Vick had committed his own fraud two years ago and covered it up by creating false journal entries for undocumented sales, returns, transactions, and operating expenses.Ethan went to see Vick and explained his dilemma. He could see Vick's discomfort in hearing the news. Vick had thought he had turned the corner on being involved in fraud after he quietly paid back the $20,000 he had stolen two years ago. Here is how the conversation went."Vick, I need your help. I blew it. You know Mary and I split up 10 months ago.""Yes," Vick said."Well, I got involved with another woman who I tried to impress by buying her things. I wound up taking $50,000 from company funds.""Ethan, what were you thinking?""Don’t get all moral with me. Don’t you recall your own circumstances?"Vick was quiet for a moment and then asked, "What do you want me to do?""I need you to make some entries in the ledger to cover up the $50,000. I promise to pay it back, just as you did. You know I’m good for it."Vick reacted angrily, saying, "You told me to skip the bank reconciliations—that you would do them yourself. I trusted you.""I know. Listen, do this one favor for me, and I’ll never ask you again."Vick grew increasingly uneasy. He told Ethan he needed to think about it … his relationship with the auditors was at stake.Vick and Ethan have both defrauded Fostermann. Each now knows the other is a fraudster. They are caught up in the Fraud Triangle. The components of the triangle are which of the following?Multiple ChoiceA) Opportunity, incentive, financial difficultiesB) Opportunity, ability, incentiveC) Opportunity, incentive, rationalizationD) Opportunity, rationalization, ability
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The components of the Fraud Triangle are Opportunity, Incentive, and Rationalization. Therefore, the correct answer is C.
Opportunity refers to an occasion or situation that makes it possible to do something that you want to do or have to do, or the possibility of doing something.
Incentives are anything that persuade a person to alter their behaviour in the desired manner. It is emphasized that incentives matter by the basic law of economists and the laws of behavior, which state that higher incentives amount to greater levels of effort and therefore higher levels of performance.
Rationalization is a defense mechanism (ego defense) in which apparent logical reasons are given to justify behavior that is motivated by unconscious instinctual impulses. It is an attempt to find reasons for behaviors, especially one's own.
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hi ik someone is going to report but i just want to say hi
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Lol, mood. Hi! I am literally so bored to. Anyways hope you have a good day!
:) :) :)