The combined revenue and expenses of Michel Company and Aber Corp. should be included in Michel Company's most recent consolidated income statement.
Why is an income statement different from a consolidated income statement?All of the subsidiary businesses that the owner has a controlling stake in are included in a consolidated financial statement, as well as the subsidiaries that are wholly owned by the owner. In consolidated financial statements, the same elements are present in a different configuration than in individual financial statements.
25% (100% - 75%) of the net income or loss of Aber Corp. is attributable to non-controlling or minority interests. This demonstrates to readers of the parent company Michel Company's financial records that only 75% of the Aber Corp.'s net profit or loss actually belongs to Michel Company's stockholders.
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to prevent a majority shareholder from dominating the management and operation of a close corporation, the firm should
To prevent a majority shareholder from dominating the management and operation of a close corporation, the firm should require that more than a simple majority of the directors approve any action taken by the board.
In the field of business, majority shareholders tend to make major decisions rather than approving the other shareholders that have a small hold in the corporation.
If a firm is to stop the major shareholders from making all the decisions, then the form should make it a rule that all of the directors or shareholders need to approve any action rather than just the majority shareholders. This action should be implied so that each shareholder has a say in the important decisions.
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For a given inflation rate, if a rise in the stock market makes consumers more willing to spend, then the ______ shifts _____.
aggregate demand curve; right
aggregate demand curve; left
aggregate supply curve; upward
aggregate supply curve; downward
A rise in the stock market makes consumers more willing to spend, then the aggregate demand curve shifts right.
Consumers typically spend more when they are more optimistic about the direction of the economy. Businesses tend to spend more on investments when there is a high level of business confidence because they think the return on their investment will be significant in the future. In contrast, when consumer or business confidence wanes, expenditure on consumption and investments falls.
The components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports minus imports—increasingly move to the right, causing a shift in the aggregate demand curve. As these components decrease, the AD curve will turn back to the left.
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which of the following strategies for dealing with conflict requires input from both sides to work through differences to find a win-win solution?
In order to resolve disagreements and reach a win-win outcome, negotiation of conflict resolution tactics calls for input from both parties.
The Process of Negotiation
In negotiations, two or more parties work together to reach a consensus-driven compromise or resolution that benefits all parties. A position will be put forth by one party, and the other will either accept the terms or respond with a different position. The process continues until a solution is reached by both parties.
Before a negotiation starts, participants gather as much information as they can about the other party's position, including its advantages and disadvantages, any potential counterarguments, and how to get ready to defend their own positions.
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his method of accounting for long-term contracts recognizes project income only when the contract is completed. question 68 options: incomplete contract method percentage of completion method percentage of completion - capitalized cost method completed contract method
Completed contract method of accounting for long-term contracts recognizes project income only when the contract is completed.
In general, a long-term contract is one that starts in one year and ends in a subsequent tax year and is used to build, install manufacture, or manufacturing property.
Long-term contracts may give an agency much-needed stability they need, particularly if you're just getting started. A long-term contract may make managing your agency's cash flow less of a financial guessing and gives you a fantastic chance to develop a deep connection with your customer.
A long-term work contract is one that normally lasts longer than six weeks; many go on for months or even years. As you become a crucial component of the company, you are frequently given greater responsibility.
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silicone engine inc. produces wrist-worn tablet computers. the company uses thin film crystal (tfc) lcd displays for its products. each tablet uses one display. the company produced 550 tablets during december. however, due to lcd defects, the company actually used 500 lcd displays during december. each display has a standard cost of $6.00. lcd displays were purchased for december production at a cost of $3,150.
While the quantity variance is $300 in the negative direction, the price variance for December is $150 in the positive direction.
What do mean by standard cost?A standard cost is the budgeted cost of a regular manufacturing process against which actual costs are compared. Of course, if a new product, service, or process is to be carried out, the initial standard costs will have to be estimated. A standard cost is described as a predetermined cost, an estimated future cost, an expected cost, a budgeted unit cost, a forecast cost, or as the "should be" cost. Standard costs are often an integral part of a manufacturer's annual profit plan and operating budgets.
Where is standard cost used?Standard costing, often known as standard cost accounting, is used to create budgets and predict future expenses. This type of cost accounting is generally used in the manufacturing sector since it is easier to assign expenses directly to the products being produced .Instead of using the actual cost of manufacturing a product, standard costing assigns "standard costs" to each product. Any resources required in routine activities to produce the product are included in standard costs. This may include costs for labour, overhead, and materials.
Briefing:Actual Price= $3,150 divide by 500 LCD= $6.3
Standard Price = 6
Actual Quantity = 500
Standard Quantity = $550
Price Variance = (Standard price – Actual price) × Actual Quantity
=($6-6.3)×500
= $150 Favorable
Quantity Variance = (Standard quantity – Actual quantity) × Standard Price
=(550-500)×6
=$300 Unfavorable
Total Direct Material Cost Variance = (Standard quantity × Standard price – Actual quantity actual price)
=(550×6-500×6.3)
=$150 Favorable
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5. The measurement of how happy the customer is with their shopping experience with a retailer is called:
O A. Product solutions
O B. Brand knowledge
O C. Customer satisfaction
O D. Product knowledge
The truck was the only asset purchased during the year. Which of the following statements is correct regarding the depreciation that can be taken on the truck?
The truck was the only asset purchased during the year. Which of the following statements is correct regarding the depreciation that can be taken on the truck The business will deduct one-half of a full year's depreciation on the truck in the current year.
You can not depreciate property that do not lose their cost over time – or that you are now no longer presently using to provide income. These include: Land. Collectibles like art, coins, or memorabilia. You can not declare depreciation on Goodwill and value of land. Depreciation is obligatory from A.Y. 2002-03 and will be allowed or deemed to were allowed as a deduction no matter a declare made via way of means of a taxpayer withinside the profit & loss account.
Some examples of the maximum not unusual place sorts of depreciable property include vehicles; buildings; workplace system or furniture; computer systems and different electronics; equipment and system; and positive intangible items, including patents, copyrights, and pc software.
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What would help a company reduce the risk of developing products for which there is little or no demand?.
The danger of creating items for which there is little or no market demand can be decreased by integrating the R&D and marketing departments.
What kind of connection exists between R&D and marketing?Integration makes it possible for the marketing and R&D teams to exchange current market information. R&D departments can take the needs of their customers into account in order to create products that are feasible and grow market share while reducing the risk involved with launching a new product.
What role does R&D play in creating and implementing a marketing strategy?The process of developing new, improved goods and services to meet the demands of your target market and clients is known as research and development (R&D). Companies with an R&D plan have a higher chance of success than those without one.
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TRUE/FALSE. courts are generally inclined to be predisposed to piercing the corporate veil whenever a corporation causes economic harm to others
False. It is fact-driven and necessitates a thorough investigation to decide whether to lift the corporate veil in order to safeguard creditors.
What effect does business have on the economy?In order to secure subsidies, lower their tax liabilities, and influence public policy, corporations use their political clout. Millions of people's quality of life is impacted by corporate policies about pay, benefits, and working conditions.
Which of the following justifications could force a judge to lift the corporate veil?Only if doing so will prevent injustice may a judge pierce the curtain. This need for more than just proof that a creditor won't be compensated.
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when calling a previous employer or reference of an applicant, which of the following is the most appropriate question to ask?
when calling a previous employer or reference of an applicant always ask earlier than along with any individual as a reference.
Send a well mannered email or call them on the phone, imparting a few details about the request such as timelines.
After your reference agrees, send them your updated resume and small print about the position. Follow up in a well timed manner, thanking them for their reference.
Which query have to no longer be requested of a reference?Don't ask about a candidate's sexuality, age, religion or comparable matters. Anything associated to non-public health. Don't ask about a candidate's scientific records or the existence of disabilities. You can ask whether the candidate is succesful of performing the tasks that the job requires.
Who need to I ask to be a reference?Most commonly, you will ask your former employers and supervisors to be references for you. However, you can also consist of different human beings with whom you've got had a professional relationship. For example, you would possibly consist of colleagues, commercial enterprise contacts, customers, clients, or vendors.
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https://brainly.com/question/24313495#SPJ4How is the marketing department involved in the technical and marketing development stage of the product development process?.
The most effective promotional mix for the fresh product is determined by doing product prototype testing with target consumers.
What is the 7 Ps marketing mix?
These seven factors are people, place, packaging, positioning, place, and product. You should frequently review these seven Ps to ensure that you're on track and getting the best outcomes possible in the market today. This is because products, markets, customers, and demands are constantly changing.
What is the marketing mix? Give an example
The term "marketing mix" refers to a group of procedures, or techniques, that a business use to sell its goods or services. Price, Product, Promotion, and Place are the 4Ps that make up a conventional marketing mix.
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Qismat is an advertiser at a bedding company. He wants to reach shoppers who purchased his brand's mattress so that he can promote bedding and pillows. Which audience would be best for helping him achieve this goal?
Audiences based on purchase would be best for helping him achieve this goal.
Audience-based buying permits publicists to purchase the best promotion units based on their ideal interest group, as opposed to restricting their missions to conventional area by-area buying. The final product is that sponsors set aside time and cash.
Audience-based buying empowers another degree of mission productivity by permitting sponsors to exchange the variety in estimating between business sectors. Purchasers live all over (particularly now, post-COVID), however area is as yet a critical determinant of out-of-home promoting costs. By opening the gap from a particular area or market to the expansiveness of all suitable OOH media, sponsors can arrive at their main interest group for 30-half not as much as while zeroing in on unambiguous areas.
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when comparing depreciation rules for regular tax purposes to those for alternative minimum tax (amt) purposes, which of the following statements are incorrect? (check all that apply.) multiple select question. for amt purposes, businesses must depreciate tangible personal property using the 200 percent declining balance method. the allowable recovery periods and conventions are the same for all depreciable assets for amt purposes as for regular tax purposes. bonus depreciation is deductible for both regular tax purposes and amt purposes. depreciation of real property uses longer recovery periods for amt purposes than for regular tax purposes. for amt, the total amt depreciation is always added to regular taxable income to calculate the amt base.
The statement that is incorrect is allowable recovery periods and conventions are same for all the depreciable assets for amt purposes as for regular tax purposes.
What is an asset?An asset is any resource that a company or other economic organization owns or has control over. Assets are the ownership worth that may be exchanged for cash. The monetary worth of assets that company owns is shown on its balance sheet. It includes money and other valuables that belong to individual or company. Title (a legally enforceable ownership right) to an asset is not necessary in the sense of financial accounting. Any rights (economic resource) that the asset represents must be under the reporting entity's control in order for it to be recognized as an asset. Being able to profit from an item while preventing others from doing the same is control's key feature.
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if we asked you to calculate the return on investment of this purchase, the metrics to consider would be the cost of the investment and what else?
The two principal complete investment return calculations are Net Present Value (NPV) and Internal Rate of Return (IRR).
Both measures are rooted in Time Value of Money concepts, which essentially kingdom that money has time cost because it can earn interest when invested over time.
How do we calculate return on investment?The most frequent is net earnings divided with the aid of the whole cost of the investment, or ROI = Net profits / Cost of funding x 100.
What is the total charge of return on the investment?Total return is the true charge of return of an funding or a pool of investments over a period. Total return includes interest, capital gains, dividends, and realized distributions. Total return is expressed as a share of the amount invested.
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https://brainly.com/question/16725994#SPJ4your colleague would like to set transcoding for their new campaign that includes in-stream video creatives, but they ask you for help about which campaign manager 360 hierarchy where they should look. how would you answer them?
Your colleague would like to set transcoding for their new campaign that includes in-stream video creatives, but they ask you for help about which campaign manager 360 hierarchy they should look into Placement.
A paid or volunteer person with the title of "campaign manager," "campaign chairman," or "campaign director" is responsible for organizing the direct operations of a political campaign, including fundraising, advertising, opinion polling, voter turnout, and other supporting activities.
They frequently serve as the campaign's most prominent leader outside of the candidate. Modern campaign managers, especially those running for president, are more focused on carrying out plan than on developing it. Usually, pollsters and media consultants that specialise in politics work as outside political consultants with the senior strategists.
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whichever method a government chooses to supply a good, two common issues arise:1. what is the right amount of the good to supply?2. who will pay for the good?
The two common issues that arise whenever a government chooses to control the supply a good, include,
What is the right amount of the public good to supply?Who will pay for the public good?Government controls the supply of goods in a command economy or a mixed economy. This is done in order to ensure that the supply is optimum, and economic functions are run efficiently under its own control. However, it also faces a number of problems at the time of controlling the supply of goods within an economy.
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Complete question,
whichever method a government chooses to supply a good, two common issues arise: ____________ and ______________.
market development market penetration ethical objectives smart goals elements drucker strategic objectives tactical objectives strategic goals operational objectives product development diversification
H. Igor Ansoff, an applied mathematician and business executive, created the matrix, which was then published in the Harvard Business Review in 1957.
To assist more thorough analyses of the factors influencing corporate growth, the Ansoff Matrix is frequently used in conjunction with other business and industry analysis tools, including as the PESTEL, SWOT, and Porter's 5 Forces frameworks.
Management teams and the analyst community use the Ansoff Matrix, also known as the Product/Market Expansion Grid, as a two-by-two structure to help plan and assess expansion projects.
The tool specifically aids stakeholders in conceptualising the degree of risk connected to various growth strategies.
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Consider a relational DBMS that has two relations: Emp (employees) and Dept (departments).
Emp(id, name, age, salary, dname)
Dept(dname, location)
- The Emp table has 500 tuples, and each tuple has a fixed length of 500 bytes. The primary key attribute "id" has a length of 40 bytes.
- The Dept table has 100 tuples, and each tuple has 200 bytes. The primary key attribute "dname" has a length of 20 bytes.
For simplicity, we assume each employee belongs to one and only one department, and each department has 5 employees. All the records are stored in 8K (8192 bytes) disk blocks. Each block uses 100 bytes for its header. Consider the following three disk-organization strategies:
- Sequential/Nonspan: All the Emp records are placed sequentially based on their id's. Similarly, all Dept records are stored sequentially based on their names. Records may not span two or more blocks.
- Sequential/Span: All the Emp records are placed sequentially based on their id's. Similarly, all Dept records are stored sequentially based on their names. Records are spanned, and spanning between blocks does not introduce additional storage cost.
- Clustered/Nonspan: For each department, its department record and its 5 employee records are stored in the same disk block. All department records are stored sequentially based on their names. We do NOT store Emp records separately. No records span two or more blocks.
For each storage organization, compute the total number of disk blocks required to store the two relations. Which of the following statements is true?
a) Sequential/Nonspan: 34 blocks.
b) Sequential/Nonspan: 30 blocks.
c) Clustered/Nonspan: 50 blocks.
d) Sequential/Nonspan: 38 blocks.
All department records are stored sequentially based on their names. The cornerstone of nested-loop join is to scan the outside relation page-by-page and the inner relation page-by-page for each outer page.The correct answer is Clustered/Nonspan:30 blocks.
When S is used in a nested loop as the outer relation, the cost of joining R and S is kept to a minimum.
200 + 0 * 1000, or 200,200, is the cost.The cost of using a sort-merge join to connect R and S is equal to bS + bs * bR.
2bS(1+ceil(logB-1ceil(bS/B) + 2bR(1+ceil (logB-1ceil(bR/B) + bS + bR = 220o(1+ceil(log51ceil(200/52) + 21000(1+ceil(log51ceil(1000/52) + 200 + 1000 = 2.200(1+ceil(log514) + 2:1000.When logB-1ceil(bR/(B-1) exceeds 1, the situation is considered critical. When B reaches 15, something occurs (and B-1 becomes 14).
One input buffer page and one output buffer page, or three buffer pages, are the absolute minimum because the nested-loop strategy does not need many per-relation buffers.
buffers and that the hash function will yield a uniform distribution. The first condition is definitely met because sqrt(200) and sqrt(1000) are both less than the total number of buffers.
Cost equals 3.(bS + bR), or 3.(200 + 1000) or 3,600.
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overproducing for a given period (that is, producing more units than the denominator activity volume) will generate a(n) variance. multiple choice question. unfavorable fixed overhead spending (budget) unfavorable fixed overhead production volume favorable fixed overhead production volume favorable fixed overhead spending (budget)
Favorable fixed overhead production volume. (Option C)
Why would favorable fixed overhead production volume be generated?Because, in other words, conventional fixed overhead expenses will exceed budgeted (lump-sum) fixed overhead expenses. A favorable fixed overhead production volume variance would result from this differential.
Why is fixed overhead volume variation favorable?When applied fixed overheads are higher than planned fixed overheads, the fixed overhead volume variance is positive. This shows that the corporation overused its manufacturing facilities by cranking out a lot of units using the resources at hand. This indicates a good situation for the business.
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the difference between actual cost incurred and standard cost is called the: multiple choice usage variance. controllable variance. volume variance. flexible variance. cost variance.
The difference between actual cost incurred and standard cost is called the cost variance. (Option D).
What is Cost Variance?The process of analyzing your project's financial performance is called cost variance. Cost variance compares the amount that was allocated for the project in your budget with what was actually spent. This is determined by subtracting the ACWP from the BCWP (Budgeted Cost of Work Performed) (Actual Cost of Work Performed).
For instance, a corporation would have a cost variation of $150 if actual repairs costs for May were $950 as opposed to the $800 projected amount.
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which economic theory adopts the idea that cutting the marginal tax rate can actually increase government revenue?
The economic theory that adopts the idea that cutting the marginal tax rate can actually increase government revenue is supply-side economics.
What is the supply-side economics?Supply-side economics, can as well be described as the trickle-down economics, theory which is one that focuses on influencing the supply of labour and goods.
It should be noted that this is usually done by the use of tax cuts and benefit cuts as incentives to work and produce goods., however it can be perceived as one that focus on the process of cutting the marginal tax rate which can actually increase government revenue.
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refers to intangible harm. question 64 options: personal injury professional liability bodily injury builder's risk
Refers to intangible harm (c) bodily injury .
Even though "bodily injury" is a legal term, it is surprisingly literal: bodily injury means an injury to a person's body. Bodily injury occurs when an incident causes someone physical pain, illness, or death. The term usually refers to physical injuries rather than psychological ones.
Bodily injury refers to the physical damage caused to a person's body. It can also be known as physical injury. Examples of bodily injuries could include: Cuts, abrasions, bruises, burns, and lacerations.
Bodily Injury Liability (BIL) compensates others for bodily harm or death. When an at-fault party is sued in a civil court for damages caused by a motor vehicle accident and has not satisfied property damage and/or bodily injury requirements, a judgment is entered.
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task question how can you fix the current finance decisions so that we are in a healthy cash position at the end of the year?
Ten Strategies to Boost Cash Flow. Offer discounts for early payment, lease instead of purchase, and run credit checks on your customers. Improve your inventory, start a buying cooperative, send out invoices right away, Increase pricing, Pay Suppliers Less, Use High-Interest Savings Accounts, and Use Electronic Payments.
You are unquestionably on the right track if you own a business and your top line or sales are growing swiftly while your earnings are increasing every year. But don't let your guard down. Even growing, profitable organizations might experience cash flow challenges due to inefficient operations in finance, operations, and/or investing. For instance, if your payables are due before your receivables are collected, you will run into cash flow problems. You won't be able to make your payments on time as a result, which could lead to serious problems including payroll delays and questions about your creditworthiness. If you want to increase cash flow, think about implementing any of the following strategies.
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an apartment complex is severely damaged by a tornado, making it uninhabitable. what type of insurance covers the landlord against the resulting loss of rent?
Consequential loss use and occupancy:
Fire and hazardLiabilityCasualtyWorkers' Compensation insurance serves two purposes. It provides compensation for a portion of lost earnings while an injured worker receives medical care and is unable to return to work, and usually protects employers from claims made by workers injured on the job.
The purpose of the property manager's operating budget is to plan for the upcoming fiscal year. A budget serves as a guide for the future financial performance of a building. This is the main duty of a property manager. Achieving the highest return consistent with the property owner's investment objectives. Partial permanent disability claims are the most common type of workers' compensation lawsuit accounting for more than half of all workers' compensation claims nationwide.
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a sterilized foreign exchange intervention part 2 a. always increases the money supply. b. always involves the sale of foreign assets. c. always leaves the money supply unchanged. d. always involves the sale of domestic assets.
A sterilized foreign exchange intervention always involves the sale of foreign assets.( the correct option is B). Monetary authorities engage in foreign exchange intervention, buying and selling different currencies on the foreign exchange market, to affect foreign currency rates.
Foreign currency intervention aims to stabilise and control excessive volatility in exchange rates. intervention in the foreign exchange market can either expand or contract the money supply. The central bank's foreign reserves are increased when it purchases or sells various currencies, whether they are domestic or foreign. It then triggers an expansion of its money supply. The general definition of direct currency intervention is foreign exchange operations carried out by the monetary authorities with the intention of affecting the exchange rate.
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If the economy is experiencing less than full-employment, the keynesian model recommends that the government.
Answer:
d
Explanation:
assume the current nzd/usd quote is 0.801. if i wish to exchange $3,000 usd, how much will i receive in nzd?
$2430
If the current rate is given and it is reflecting that the United States currency is trading at a premium to the New Zealand dollars as 1 New Zealand dollar will be equal to .801, so when we are converting the 3,000 New Zealand dollars we will be overall getting
=[Total amount in New Zealand dollar x exchange rate]
= (3000*.81)
= $2430
Hence the total United State dollars will be $2430
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The major understandings and assumptions for an organization, which are often neither stated nor documented as goals or formal policies, are known as _____.
The major understandings and assumptions of an organization, which are often neither stated nor documented as goals or formal policies, are known as organization culture.
All team members' behavior is influenced and guided by the values, expectations, and practices that make up the organization's culture. Consider it as the assortment of characteristics that define your business. While a dysfunctional workplace culture brings out tendencies that can impede even the most successful firms, a great workplace culture showcases beneficial features that result in enhanced performance.
Despite the fact that both can assist define it, organizational goals and a mission statement should not be confused with culture. Press releases or policy statements don't build culture; consistent and genuine behavior does.
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a company is considering a $150,000 investment in machinery with the following net cash flows. the company requires a 10% return on its investments. (pv of $1, fv of $1, pva of $1, and fva of $1) (use appropriate factor(s) from the tables provided.) year 1 year 2 year 3 year 4 year 5 net cash flows $10,000 $25,000 $50,000 $37,500 $100,000 (a) compute the net present value of this investment. (b) should the machinery be purchased?
The investor employs capital budgeting techniques to evaluate the financial viability of projects based on a variety of parameters. Capital budgeting techniques include payback, NPV, and IRR.
Yearly Cash Flows Total Flows of Cash 1 $9,500 $9,500 2 $25,400 $34,900 3 $15,500 $50,400.
Which types of capital budgeting are there?Capital planning is characterized as the cycle used to decide if capital resources merit putting resources into. A company's capital assets are typically long-term investments like new software, facilities, and equipment, even though they typically make up only a small portion of its total assets.
What are the four ways to budget for capital?Capital budgeting can be carried out using the Payback Period, the Net Present Value Method, the Internal Rate of Return, or the Profitability Index.
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conduct research about how 3d printing would change the manufacturing and supply chain, and share the findings with the class. inventory can take up to 5% of capital investment, and it's essentially a liability until it is translated into sales. in the era of additive manufacturing, does business still need to carry inventory? discuss.
In the era of additive manufacturing, businesses still need to carry inventory: 3D printing can help reduce lot sizes in the manufacturing process.
This would in turn help reduce inventory held by organizations, and make them more agile. The organizations that implement 3D printing are able to adjust their production as per the demand.
Inventory is a cost to the organization until it has been utilized and converted into finished goods and sold to customers. Today's companies have realized the importance to minimize inventory and save costs, efforts, and space. Businesses must work towards reducing inventory, so as to be more responsive to demand and fulfill the changing needs and demands of customers.
Inventory or stock refers to the goods and materials that a commercial enterprise holds for the final intention of resale, production, or utilization. stock control is a subject more often than not about specifying the form and location of stocked items.
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