it is known that a target store can turn its inventory 5 times per year. suppose the annual sales revenue is $4 million, and the cost of goods sold is $2 million. what is the value of average inventory (in millions)?

Answers

Answer 1

The value of average inventory will be equal to $0.4 millions.

Inventory Turnover ratio is rate at which any company replaces its inventory by transporting all the manufactured goods. This tells that how good the production is going within the company and the company is in profit. The formula of Inventory turnover ratio is expressed as

Inventory turnover ratio = Cost of goods sold/Average value of inventory

On putting the values we get

5 = $2000000/Average value of inventory

Average value of inventory = $2000000/5

Average value of inventory = $400000

Average value of inventory = $0.4 millions

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Related Questions

a bank statement provided by a bank includes all of the following except: group of answer choices a list of deposits recorded by the bank. the beginning and the ending balance of the bank account. a list of bank fees. a list of outstanding checks. g

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Such as processed deductions and deposits, our average daily balance, and any interest earned.

A deposit is an act of setting coins with a few entities, most commonly with a monetary institution, inclusive of a financial institution. traditionally, there are 4 varieties of bank deposits in India, which are - cutting-edge Accounts, habitual Deposits, financial savings money owed, and Fixed Deposit accounts.

A deposit is a amount of money stored in a bank account. the two styles of deposits are demand deposits and time deposits. call for deposit money owed include checking bills, financial savings accounts, and money marketplace money owed. Time deposit accounts encompass certificates of deposit money owed and character retirement money owed.

Deposits are savings products that clients can use to preserve an sum of money at a bank for a particular length of time. In go back, the economic group pays the consumer the applicable amount of interest, based on how a lot they choose to deposit and for how long.

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which site would the retailer target likely hope to keep off the first page of results for a keyword search for target?

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Extargetemployees.com site would the retailer target likely hope to keep off the first page of results for a keyword search for target.

Target the retailer would probably try to keep off the front page of results for target's keyword .Today, conducting effective keyword research is an increasingly important skill for digital marketers. In addition to learning how to build a solid keyword list for PPC and SEO, smart content marketers use keyword research to decide what topics to write about and the writing phrases to use .The following elements are taken into account to enable an effective keyword search: Relevancy: Search platforms rank content according to its relevance. Authority: The search platforms give sites that have a reputation for being authoritative more weight. Volume: It counts the instances where a keyword is searched.

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Find the extreme value(s) of each of the following functions and determine whether they are maxima or minima: [10]
a) z = x2 + xy + 2y2 + 3 [10] b)2=-x2-y2 + 6x + 2y [10]c) z = 3x3-5y2-225x + 70y + 23 Zー

Answers

z = x2 + xy + 2y2 + 3

The function is optimized when zx = 0 and zy = 0.

zx = \partialz/\partialx = 2x + y = 0.......(1)

zy = \partialz/\partialy = x + 4y = 0.......(2)

(2) x 2 yields: 2x + 8y = 0.......(3)

(3) - (1) yields: 7y = 0, so y = 0

x = -4y [From (2)] = 0

When x = y = 0, z = 0 + 0 + 0 + 3 = 3

Second order condition for maxima is: zxx < 0 and zyy < 0. Second order condition for minima is: zxx > 0 and zyy > 0.

zxx = \partial/\partialx(zx) = 2 > 0

zyy = \partial/\partialy(zy) = 4 > 0

Therefore, it is a minima.

(b)

z = - x2 - y2 + 6x + 2y

The function is optimized when zx = 0 and zy = 0.

zx = \partialz/\partialx = - 2x + 6 = 0

2x = 6

x = 3

zy = \partialz/\partialy = - 2y + 2 = 0

2y = 2

y = 1

When x = 3 and y = 1, z = - (3 x 3) - (1 x 1) + (6 x 3) + (2 x 1) = - 9 - 1 + 18 + 2 = 10

Second order condition for maxima is: zxx < 0 and zyy < 0. Second order condition for minima is: zxx > 0 and zyy > 0.

zxx = \partial/\partialx(zx) = - 2 < 0

zyy = \partial/\partialy(zy) = - 2 < 0

Therefore, it is a maxima.

(c)

z = 3x3 - 5y2 - 225x + 70y + 23

The function is optimized when zx = 0 and zy = 0.

zx = \partialz/\partialx = 9x2 - 225 = 0

9x2 = 225

x2 = 25

x = - 5 or x = 5

zy = \partialz/\partialy = - 10y + 70 = 0

10y = 70

y = 7

When x = - 5 and y = 7, z = 3 x (- 5)3 - 5 x (7)2 - 225 x (- 5) + 70 x 7 + 23 = - 375 - 245 + 1125 + 490 + 23 = 1018

When x = 5 and y = 7, z = 3 x (5)3 - 5 x (7)2 - 225 x 5 + 70 x 7 + 23 = 375 - 245 - 1125 + 490 + 23 = - 482

Second order condition for maxima is: zxx < 0 and zyy < 0. Second order condition for minima is: zxx > 0 and zyy > 0.

zxx = \partial/\partialx(zx) = 18x

When x = - 5,  zxx = 18 x (-5) = - 90 < 0

When x = 5,  zxx = 18 x 5 = 90 > 0

zyy = \partial/\partialy(zy) = - 10 < 0.

Therefore, when x = -5 and y = 7, it is a minima. But when x = 5 and y = 7, the solution is neither maxima nor minima.

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Brew-at-home is entering a foreign market and is spending significant funds on educating customers about the benefits of making beer at home with its beer-making system. The cost the company is spending on education is a type of __________ cost.

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As stated in the preceding statement A sort of pioneering expense is the money the business is spending on education.

Describe the top 3 business cost ?

The three primary categories of expenses that are taken into consideration throughout the manufacturing process are tangible assets, production overhead, and overhead. There are a few exceptions, including certain automated manufacturing companies that are exempt from direct labor costs and some service industries that are exempt from direct material costs.

What does "cost" signify in business?

Cost is the sum of money that a company spends to manufacture or offer goods or services. The overall profit markup is not included. According to the vendor, cost is the total amount of money used to provide a good or service.

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The six steps Ittner and Larcker propose for maximizing the value of nonfinancial measures when using a balanced scorecard include all of the following except:
Multiple Choice
Assess outcomes.
Base actions on the findings of the model.
Gather data.
Base actions on the data.
Continually refine the model.

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The six steps Ittner and Larcker propose for maximizing rate of nonfinancial measures when using balanced scorecard include all of following except base actions on data.

What is balanced scorecard?

A balanced scorecard is indeed a strategy performance management tool that managers can use to keep track of how the employees under their control are carrying out their duties and the results of those actions. It is a well-structured report. The term "balanced scorecard" mainly applies to a performance management report used by a management team, and generally this team is focused on managing the implementation of the a strategy or operational activities. In a 2020 survey, 88% of participants said they used the balanced scorecard to manage the implementation of their strategies, and 63% said they used it to manage their operations. Although it is uncommon—only 17% of survey participants utilized Balanced Scorecard in this way—individuals can also use it to monitor their own performance.

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the text presents three arguments in support of global advertising. what are those three arguments? multiple select question.

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Informative, Persuasive, Reminder

Advertising that is informative raises people's awareness of brands, services, goods, and concepts. It can educate people about the features and benefits of new or established products as well as new programs and products.

Persuasive advertising works to change people's perceptions of a company or product and improve its image by trying to persuade them that its services or products are the best. Its objective is to convince customers to act and switch brands, try new products, or stick with one brand.

People are reminded about the need for a product or service or the features and benefits it will provide if they buy it quickly in reminder advertising.

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pension-splitting refers to: a. pension becoming part of a divorce decree and being applied to the divorced spouse. b. an agreement such that each spouse gets half of the other's pension. c. an arrangement that gay people can receive a portion of their partners' pension. d. an agreement that the federal government will regulate pension rights.

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For a given pension -splitting, only one joint election may be made. You must choose who will serve as the transferring spouse or common-law partner.

If you and your spouse or common-law partner both have eligible pension income and choose to distribute some of your eligible pension income to your spouse or common-law partner (the receiving spouse or common-law partner).Transferring spouse or common-law partner is the person who receives qualifying pension income and chooses to allocate a portion of that income to their spouse or common-law partner for the purposes of the joint election to split pension income (the receiving spouse or common-law partner).Receiving spouse or common-law partner is the person to whom a portion of their spouse's or common-law partner's eligible pension income is assigned for the purposes of the joint election to share pension income (the transferring spouse or common-law partner).

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the following relates to a proposed equipment purchase: initial investment $ 145,000 salvage value $ 4,500 estimated useful life 4 years annual net cash flows $ 46,600 annual depreciation expense $ 35,125 the annual income amount used to calculate the accounting rate of return is:

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Answer: $11,475

Explanation:

the ability of one company or economy to produce more of a particular product is a(n) advantage.

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Answer:Comparative advantage

Explanation:

The ability of one company or economy to produce more of a particular product is a(n) advantage.

A company that wants to use scenes from the pixar movie soul in its advertising campaign would have to have a __________ with the pixar company to use the movie.

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When animating its feature-length and short films, Pixar Animation Studios uses proprietary software called Presto that was created in-house.

Who is the creator of the Presto software?

For their data analysts to do interactive searches on its sizable data warehouse in Apache Hadoop, Face-book, Inc. (later renamed Meta), the company that gave rise to Presto, originally built and developed it. Eric Hwang, David Phillips, Dain Sundstrom, and Martin Traverso were the first four programmers.

Who or what uses Presto?

Presto is an open source, distributed SQL query engine made for quick, interactive searches on data in HDFS and other places. It lacks its own storage system, in contrast to Hadoop/HDFS. As a result, Hadoop and Presto complement each other, and businesses often use both to address more complex business problems.

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investors who fear rising infation may buy treasury inflation protectio securites how do tips shield lendsers from inflation

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The face value or par value of a TIPS increases with inflation and decreases with deflation.

Do rising prices benefit or harm lenders?

Inflation benefits borrowers by allowing them to pay back loans with funds that are now worth less than they were when they first borrowed them. When inflation raises prices, there is a greater demand for loan, which results in higher interest rates that are advantageous to lenders.

The beneficiaries of inflation?

Investors in stocks and commodities. Investors can profit from inflation despite slow economic growth rates provided they have the right stocks and commodities in their portfolios. Equity holders: Investing in stocks is far preferable to holding cash during periods of high inflation.

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Which structure is the following true for? ______ have a calling mechanism involving the EIP. Both Macros and Procedures .
Neither macros nor procedures
Marcos
Procedures

Answers

Procedures have calling mechanism involving the EIP is the true structure.

What is mechanism?

A mechanism typically makes up a smaller portion of a mechanical system or machine. A steering mechanism in a car or a wristwatch's winding mechanism are two examples of complete machines that may occasionally be referred to as mechanisms. But typically, a machine is only a collection of various mechanics. Even if every mechanism in a mechanical system is three-dimensional, if the movement of its constituent parts is restricted so that all of its point trajectories are parallel or connected in a series to a plane, then the mechanism can be analyzed using plane geometry. A planar mechanism is the appropriate term in this situation. Planar rotations and translations, designated by SE, are used in the kinematic study of planar mechanisms. SE is a subset of the Special Euclidean group SE.

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you did well on a telephone interview, and your prospective employer has scheduled a face-to-face interview for the following week. what should you do to prepare for the interview?

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There should be an introduction, body paragraphs, and a conclusion in an interview paper. The first paragraph of your essay should offer information that will draw the reader in and encourage them to keep reading.

A gentle definition that highlights the significance of the topic can be used in the paragraph sentence.  You'll feel lot more in control if you plan. You will feel cool, calm, and collected because you will have anticipated the interview questions, you will have learned a great deal about the company. You should always extend a warm grin and firm handshake to the interviewer. if you carry out this correctly.

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which is a question to address when configuring the communication strategy of the marketing mix for a product? multiple choice what is the availability of different types of retail stores in the international markets for the customer segments targeted? is the demand for the product among customers in the international market segments targeted similar to domestic demands? what is the perception of the product brand by customers in the international market segments? are rebates, coupons, and other sale offers a widespread activity to motivate customers in the international market segments targeted to buy a company’s products?

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The question that will address when configuring the communication strategy of the marketing mix for a product is "are rebates, coupons, and other sale offers a widespread activity to motivate customers in the international market segments targeted to buy a company’s products?". The Option D is correct.

What is a marketing mix?

In marketing, the term marketing mix refers to a foundation model for businesses that is historically centered around the product, price, place, and promotion. It has been defined as the set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

Furthermore, the marketing mix entails set of controllable and tactical marketing tools that a company uses to produce a desired response from its target market. It consists of what the company can do to influence demand for its product.

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g lease liabilities can be reported as either current or long-term. are always reported as long-term. are not reported. are always reported as current.

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Only if management anticipates turning available-for-sale securities into cash as required within a year, may they be recorded as a current asset.

Why is it crucial to segregate current obligations from long-term liabilities in financial reporting?

To help the management distinguish between liabilities that are due within a year and those that won't be due for a while, it is crucial to divide current liabilities from non-current liabilities.

Of the following, which is not a long-term liability?

Long-term debt maturities at the moment. Due to the fact that the business must pay off current long-term debt within one accounting period, if not less than one period, it will be categorized as a current liability rather than a long-term liability.

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Which of the following statements is (are) true regarding the sales activity variance?
A) The sales activity variance is the actual selling price per unit times the difference between the budgeted units and actual units.
B) If the sales activity variance for sales revenue is unfavorable, then the contribution margin sales activity variances will be unfavorable.
a. Only A is true
b. Only B is true
c. Neither A and B is true
d. Both A and B are true

Answers

the sales activity variance If the sales activity variance for sales revenue is unfavorable, then the contribution margin sales activity variances will be unfavorable. so only option b is true.

What Does Sales Revenue Mean?

The terms revenue and sales revenue are sometimes used synonymously. However, the concept of revenue includes income derived from sources other than those directly connected to the primary business, such as interest on savings or money distributed as dividends. Revenue comprises income derived from the sale of goods and services. The classification of this is "non-operating income." According to 81% of CFOs who responded to Brainyard's State of the CFO survey, KPIs that measure revenue, income, and sales growth are the most crucial. The basis of the income statement and the primary determinant of a company's profitability is the accurate tracking of sales revenue.

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Private Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending August 7, 2019, follows.Ann Chen David Kendrick Gross earnings $ 1,220.00 $ 1,090.00 Social security deduction (75.64 ) (67.58 ) Medicare deduction (17.69 ) (15.81 ) Income tax withholding (326.59 ) (196.31 ) Net pay for week $ 800.08 $ 810.30 1&2. Prepare the general journal entry to record the company’s payroll and to summarize the checks to pay the weekly payroll.

Answers

The company’s payroll and to summarize the checks to pay the weekly payroll.The difference between the gross income and all deductions is the net pay for employees.Statistics and computations.Net pay to the employee $70,000.

Gross income equals $100,000.

Deductions:

Community Security

Medicare\s$6,700

$18,000 in federal income taxes

$1,450 in total deductions

$3,850 in state income tax

Net pay = $70,000

David Kendrick Gross earnings $ 1,220.00 $ 1,090.00 Social security deduction (75.64 ) (67.58 ) Medicare deduction.A wage is money that an employer gives to an employee in exchange for labour that is accomplished over a specific period of time. In addition to compensating payments like the minimum wage, prevailing wage, and annual bonuses, wages also include remunerative rewards like prizes and tip payouts. Wages are a part of the expenses related to running a business.

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If the required reserve ratio is 10% and the fed conducts an open market purchase of $100, what is the maximum possible change in the money supply?.

Answers

This maximum possible change the Fed could raise in the money supply by $1,000 by buying a $100 Treasury note (T-bill) on the open market if the reserve requirement is 10%.

What is money supply?

The total amount of money that the general population has in their possession at any given time is referred to as the "money supply" in macroeconomics. Demand deposits and currency in circulation are the two most used metrics for defining "money," however there are numerous other methods as well. A country's central bank is free to define what constitutes legal money for its purposes. The central bank or another government agency normally gathers and publishes information on the nation's money supply. Because they believe that changes in the money supply have an effect on the business cycle, inflation, and the levels of security prices, analysts in the public and commercial sectors monitor variations in the money supply.

Change in money supply=1000*10%=100.

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We are an organization that strongly supports the 2nd amendment and we prepare responsible american gun owners to avoid danger, save lives, and keep their loved ones safe. How does our mission resonate with you?.

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our mission resonates with the  States have a duty to defend gun owners when they are most vulnerable.

What is an organization?

A firm, institution, group, or another type of body made up of one or maybe more folks and serving a specific function is referred to as an organization or group.

We are a group that fervently embraces the second amendment and educate law-abiding Americans who possess firearms on how to stay safe, protect deaths, and protect their dear ones.

Congressman Scalise, a fervent defender of the Second Amendment, introduced and helped pass legislation defending the freedom of people to keep and carry arms. All legislation American has a fundamental democratic entitlement to the ability to carry and keep arms as well as the freedom of self-defense.

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in great britain, the wine and spirit association estimates that, pre-brexit, cars returning from france were loaded with 80 bottles of wine. this is most likely due to

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In Great Britain, the Wine and Spirit Association estimates that, on average, cars returning from France are loaded with 80 bottles of wine. This is most likely due to high excise and VAT taxes.

An excise tax is a regulated tax imposed at the point of sale on particular items or services, such as alcohol, cigarettes, and gasoline. Excise taxes are domestic taxes applied within a government infrastructure as opposed to foreign taxes levied across international borders. Typically, sales of cigarettes, motor gasoline, airline tickets, and other goods and services are subject to a federal excise tax.

A value-added tax, sometimes known as a VAT, is a consumption tax levied on the value added throughout each stage of the production of a thing or service. Each company along the value chain is given a tax credit for the already-paid VAT. It is a tax on final consumption because the end user does not.

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this term is used to state the quoted value of a bond but does not include the value of any accrued interest that bondholders would earn.

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The term "clean price" refers to the quoted value of a bond that excludes any accrued interest.

What are bonds?

Bonds are issued by governments and enterprises in order to raise funds. By purchasing a bond, you are making a loan to the issuer, and they pledge to pay you back the face value of the loan on a particular date, as well as periodic interest payments along the way, usually twice a year.

When you own bonds in your portfolio, you can gain two potential benefits: They provide a steady stream of income while mitigating some of the risk associated with stock ownership.

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in the phase of the decision-making process, data is collected from a variety of internal and external sources and processed.

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Intelligence phase is phase of the decision-making process, data is collected from a variety of internal and external sources and processed.

Decision-making  is seemed because the cognitive system ensuing inside the selection of a belief or a course of motion among numerous feasible alternative options. it is able to be either rational or irrational.

Choice making is the system of making selections by means of identifying a choice, accumulating information, and assessing alternative resolutions. the usage of a step-with-the-aid-of-step decision-making technique can help you make more deliberate, considerate selections via organizing relevant facts and defining options.

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beta electronics issued 100,000 shares of no-par common stock at $2.50 per share. what is the journal entry to record this transaction?

Answers

The journal entry to record this transaction: outstanding stock.

A journal entry is an act of maintaining or making information about any transactions either monetary or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit score balances. The journal access can encompass numerous recordings, each of which is either a debit or a credit score.

An instance of magazine access includes the purchase of equipment by us in which the equipment account may be debited, and the coins account could be credited. Every journal entry consists of the facts big to an unmarried commercial enterprise transaction, inclusive of the date, the amount to be credited and debited, a quick description of the transaction, and the money owed affected. relying on the organization, it is able to list affected subsidiaries, tax details, and different statistics.

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A small pastry business is in the process of creating ads within their Display campaign. They find that there are two main ad formats that they can use. What are the two main ad formats used in a Display campaign? Choose two. Select 2 Correct Responses
Call-only ads
Text ads
In-stream video ads
Uploaded ads (Image & AMPHTML)
Responsive Display ads

Answers

In a display campaign, there are two primary ad formats: \

a) Uploaded ads (Image & AMPHTML)

b) Responsive Display ads

Display Advertising: What Is It?

Display advertising is a technique for luring a website's, social media platform's, or other digital medium's audience to take a particular action. These frequently feature text-based, image-based, or video advertisements that prompt viewers to visit landing pages and take action.

Cost per click (CPC) is the primary payment method for the majority of display and internet advertising campaigns.In other words, each time a user clicks on your ad on a search engine, you will be charged a specific sum based on your overall bidding strategy.

Campaigns for retargeting can also employ them. Here, advertising are displayed to people who have already visited a specific website. The objective is to "retarget" them and persuade them to visit the website again and complete the same action.

In light of this, let's examine what attributes a successful display ad campaign and how to create eye-catching ad copy that will draw in your target market.

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a streaming services startup wants to make sure their ad is streamed in one country, but not another for brand safety considerations. what resource should they use to review these metrics?

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a streaming service startup wants to make sure their ad is streamed in one country, but not another for brand safety considerations. They should use the verification tool.

streaming service

These are online portals that offer multimedia material, such as TV series, movies, music, or audiobooks. Furthermore, the material must be streamed to the end user without requiring them to download any files or programs in order to play the desired piece of media.

The initial websites were just text pages with a picture or two. Anyone with a fast enough Internet connection may now watch high-definition movies or make video calls over the Internet. This is possible because of a technology called streaming.

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a misunderstanding concerning a basic assumption on which a contract is made will support the rescission of the deal if the mistake is (fill in the blank).

Answers

a misunderstanding concerning a basic assumption on which a contract is made will support the rescission of the deal if the mistake is bilateral.

What is rescission, exactly?

Rescission is an equitable remedy in contract law that enables a contractual party to break the agreement. In the case of a vitiating circumstance, such as misrepresentation, error, coercion, or undue influence, the parties may withdraw their agreement.  A transaction can be rescinded. This is done to return the parties to their pre-contractual state as closely as feasible (the status quo ante).

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denver, incorporated, has sales of $18.2 million, total assets of $13.2 million, and total debt of $4 million. the profit margin is 10 percent. what is the company's net income?

Answers

The company's net income will be $1,820,000 when the sales of $18.2 million, total assets of $13.2 million, the total debt of $4 million and the profit margin is 10 percent.

What is Net Income?

Sales less cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other expenses are used to compute net income (NI), also known as net earnings. For investors to gauge how much a company's revenue outpaces its costs, this figure is helpful. net income which is a measure of a company's profitability can be seen on the income statement of a business. A company's earnings per share is determined using net income.

Net income is frequently referred to as the bottom line by business analysts since it appears at the end of the income statement. The term "profit attributable to shareholders" is how analysts in the UK refer to NI.

Net Income = Profit margin × Sales

Net Income = 10% × $18,200,000

Net Income = $1,820,000

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which kind of messages can be used in problem-solving based on using the competition (win-lose) style of conflict management?

Answers

We'll talk about five conflict management techniques: competing, avoiding, accommodating, compromising, and collaborating.

Which dispute resolution approach demonstrates low concern for oneself and strong concern for others?

In that one conforms to or obliges another without offering personal input, the accommodating conflict management style is often seen as passive or submissive and indicates a low concern for oneself and a high concern for others.

Which method of handling conflict involves ignoring or discussing things subtly?

When there is a disagreement, one person may use passive-aggressive behavior, in which case they express their negative emotions or thoughts by engaging in nonverbal behaviors like procrastinating.

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ambrin corp. expects to receive $7,000 per year for 15 years and $8,500 per year for the next 15 years. what is the present value of this 30 year cash flow? use an 11% discount rate. use appendix d and appendix b to calculate the answer.]

Answers

Cash flow from operations is created from costs made as a part of the regular route of operations. Examples of those cash outflows are payroll, the value of goods offered, leases, and utilities. coins outflows can vary extensively when business operations are quite seasonal.

Gift cost of annual coins flows = amount*gift fee annuity element

consequently, present price = 7,000*PVAF(11%, 15 years) + eight,500*PVAF(11%, sixteen-30 years)

= 7,000*7.191 + 8,500*(eight.694-7.191)

= 7,000*7.191 + 8,500*1.503

= $63,112.five

A cash flow is a real or virtual movement of money coins drift in its narrow sense is a payment, particularly from one vital bank account to some other; the time period 'cash glide' is in the main used to describe it.

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question 1 which term refers to the process of initiating a project, making a plan, executing and completing tasks, and closing a project?

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According to Wikipedia, “Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.”

Project management is the discipline of initiating, planning, carrying out, controlling, and concluding the work of a team to achieve particular objectives and meet specific success criteria at the designated time, according to the Project Management Institute.

What is a project management do?

The project manager is responsible for the project's planning, acquisition, execution, and conclusion. The project manager is in charge of overseeing all aspect of the endeavor, including the project scope, the project team, and the resources assigned to it.

Project management is one of the most difficult jobs since no two days are ever the same and you must utilize all of your project management abilities to solve every problem. In addition, if a difficulty arises, your team will turn to you first. They might believe that you are an expert on all of their questions.

Thus, Project management is the discipline of initiating, planning, carrying out.

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