To protect her personal interests, she should ask that the owner/manager clarify the extent of opportunities considering her skill set.
If the available talent is not sufficient inside the company, the owner must bring in outside leadership even if it is not perceived as a favorable decision by the family at large. They face difficult decisions head on. They have an exit plan. They are honest with family members. They aren't afraid to rely on outside advisors. They hold non family members and family members to the same accountability standards. They embrace change. these are characteristics of successful family owned businesses. Some family businesses will appoint family members into roles that they do not have the skills or training for. This can have a negative effect on the success of the business and lead to a stressful working environment. Family members in business tend to demonstrate a greater sense of loyalty to each other and to the business.
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Which section of a change order form would include the desired outcomes of a project?
Purpose of change
Scope of change
Backout plan
Risk analysis
The section of a change order form that would include the desired outcomes of a project is "Purpose of change" or "Scope of change".
The "Purpose of change" section would summarize the reason for the change and what benefits are expected to be achieved by implementing it. This section would include the goals and objectives of the change, how it aligns with the project's overall objectives, and how it will improve the project outcome.The "Scope of change" section would detail the specific changes that are being made to the project, including any changes to the project schedule, budget, deliverables, and other relevant details. This section would describe what will be done, when it will be done, and how it will be done.The "Backout plan" section is used to describe what actions will be taken to reverse the changes if they fail or cause unexpected problems.The "Risk analysis" section would be used to describe any risks associated with the change and how they will be mitigated. This section would identify potential risks, evaluate the likelihood and impact of each risk, and describe the actions that will be taken to minimize or eliminate the risk.
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erome is talking to his boss, blanca, about a problem he is having with a project. jerome has explained only part of the problem when blanca jumps in and briefly tells him about how they can fix the issue going forward. which guideline for providing advice did blanca violate?
Jerome has explained only part of the problem when Blanca jumps in and briefly tells him about how they can fix the issue going forward. He violated B. Avoid giving advice too soon.
Seeking and providing advice are essential components of good leadership and decision making. Managers, on the other hand, rarely see them as practical abilities that can be learned and improved.
Receiving advice is frequently regarded as the passive absorption of wisdom. And counseling is sometimes regarded as a question of "good judgment"—you either have it or you don't—rather than a skill to be learned.
When the exchange goes well, both sides of the table benefit. Those who are actually receptive to direction (rather than just looking for confirmation) come up with better answers to challenges than they would on their own.
They enrich their thinking with subtlety and texture, and research suggests that they can overcome cognitive biases, self-serving rationales, and other errors in their logic.
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Complete question:
Jerome is talking to his boss, Blanca, about a problem he is having with a project. Jerome has explained only part of the problem when Blanca jumps in and briefly tells him about how they can fix the issue going forward. Which guideline for providing advice did Blanca violate?
A. Have a "we" conversation.
B. Avoid giving advice too soon.
C. Avoid giving heavy-handed advice.
D. Be concise in your advice.
charlotte can produce pork and beans and can switch between producing them at a constant rate. if it takes charlotte 10 hours to produce a pound of pork and 5 hours to produce a pound of beans, what is charlotte's opportunity cost of pork and what is opportunity cost of beans?
Pork and beans can be produced in Charlotte. Pork has an opportunity cost of 10 pounds of beans divided by 5 equals 2 pounds of beans. 5 pounds of pork, 10 pounds of pork, or 1/2 pound of pork, is the opportunity cost of beans.
The demand for pork drives the demand for market hogs. Retailers create a wholesale demand plan for pork by subtracting an amount from the anticipated pork demand schedule that will cover their expenditures and generate a profit.
2020 saw the COVID-19 have an impact on the pork market. Neither state farms nor small-scale farmers can increase their output. Pork production did not increase and but decreased for the year by 1.42 million tonnes when compared to 2019. The demand for meat eventually exceeds the supply of pork.
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a tax on gasoline encourages people to drive smaller, more fuel-efficient cars. which principle of economics does this illustrate?
This statement illustrates the principle of incentives in economics. Incentives are like rewards or punishments that are used to encourage or discourage depending on certain behaviors.
In this case, the incentive is a gasoline tax that encourages people to drive smaller, more fuel-efficient cars. This incentive works by making it more expensive to use petrol, making it less attractive to drive cars that are less fuel efficient and more expensive to run. In the long run, this motivates people to buy vehicles that are more fuel efficient and less expensive to run, helping to reduce emissions and mitigate the effects of climate change.
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what is the business and science of raising large quantities of fish in tanks or ocean pens known as?
The majority of NOAA's efforts are directed toward marine aquaculture, which is the farming of marine and estuarine-dwelling organisms.
Numerous species, including oysters, clams, mussels, shrimp, seaweed, and fish like salmon, black sea bass, sablefish, yellowtail, and pompano, are produced in the United States through marine aquaculture.
The regulated production of aquatic organisms such as fish, crustaceans, mollusks, algae, and other valuable organisms like aquatic plants is known as aquaculture (least frequently written as aquiculture (e.g. lotus). Contrasted with commercial fishing, which includes capturing wild fish, aquaculture involves raising populations of freshwater, brackish water, and saltwater species in controlled or semi-natural environments.
Aquaculture carried out in ecosystems and lagoons with seawater, as opposed to freshwater aquaculture, is referred to as mariculture, or marine farming. Pisciculture is a kind of aquaculture that involves raising fish for food purposes.
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m and m, incorporated produces a product that has a variable cost of $3.00 per unit. the company's fixed costs are $30,000. the product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. what is the amount of sales that will be necessary to earn the desired profit?
The amount of sales that will be necessary to earn the desired profit is $125,000.
Profit is the revenue generated by selling an item, which must be more than the item's cost. It is the gain from any type of commercial activity.
Desired profit:
Contribution margin ratio:
Contribution margin ratio=5-3/5
Contribution margin ratio=2/5
Contribution margin ratio=0.4
Desired profit= (Fixed costs + Target profit) / Contribution margin ratio
Desired profit=(30,000 + 20,000) / 0.4
Desired profit=50,000/0.5
Desired profit=$125,000
Therefore, the amount of sales that will be necessary to earn the desired profit is $125,000.
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the federal arbitration act supports the enforcement of most private arbitration agreements. true false
The given statement is 'true'.
The majority of private arbitration agreements are upheld for execution under the federal arbitration statute.
What is the Federal Arbitration Act (FAA) & How does it affect the law in each state?The Federal Arbitration Act is known by this term in official documents. The United States Arbitration Act governs this. It has been around for a while. It was indeed passed on February 12, 1925. Because of this, some groups call the law the "Feb Act." The act is commonly referred to by its acronym, FAA. The act was intended to provide Congress with the authority to support private dispute resolution. In this manner, arbitration might replace a lot of US court proceedings. Both federal and state courts must comply with the Federal Arbitration Act. A ruling by the Supreme Court in Southland Corp. v. Keating Arbitral Tribunal upheld this idea.
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a certificate of medical necessity should be kept in the business office. question 5 options: true false
A certificate of medical necessity should be kept in the business office is false.
What is business office?
Business office is a place where business activities take place. It is a part of an organization where activities like decision-making, planning, organizing, directing, controlling, and monitoring are done. A business office is typically the hub of the organization, where information is exchanged and communication between staff, customers and other entities takes place.
Medicare defines "medically required" as health care services or supplies that must fulfill recognized medical criteria in order to be used in the diagnosis or treatment of an illness, accident, condition, disease, or one of its symptoms. Each state's rules or regulations may define what constitutes "medical necessity" for Medicaid care.
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Six executives of Tyson Foods, one of the world's largest poultry, beef, and pork processors, were arrested for the illegal smuggling of undocumented foreign workers into the United States to work at Tyson plants. Based on this information, Tyson's violations may have been the result of ________, one of the major reasons some company employees engage in unethical behavior
Tyson's violations are the result of top management's behaviour, one of the major reasons why some companies fail to establish ethical behavior. The Tyson and other major producer scandals have demonstrated that vulnerable workers, abused animals, and a rigged system are the foundation of an unethical and destructive business model.
What is management's Behaviour ?The actions and conduct of managers are all included in manager behaviour. This includes the way they conduct themselves, treat others, and manage their teams.
Behaviour is an action exhibited towards others. The behavior of the person determines his quality. Good behaviour and manners demonstrate that a person is ethical.
Top management behaviour is exhibited by many of the top companies. They do this kind of actions to increase their companies market and their production.
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if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies?
If the amount in supplies expense represents the january 31 adjustment for the supplies used in january. Hence the January 1 beginning balance of supplies was $1,240.
This is because the amount in supplies expense represents the January 31 adjustment for the supplies used in January, which means that the amount in supplies expense was the same as the amount of supplies purchased during January. Therefore, the beginning balance of supplies must have been the same as the amount of supplies purchased, which was $1,240.
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a registerd representative is employed by a broker-dealer that is publicly traded company, listed on the new york stock exchange. which statement is true
Option C is correct. The registered representative may accept unsolicited orders for his employer's stock but can not solicit orders for nor recommend buying that security
In the event that an registered representative is utilized by a public part firm (say Raymond James), by and large or she can't suggest the acquisition of that organization's portions; nor could he at any point request clients to purchase the offers. This is definitely not an express SEC or FINRA guideline; rather industry practice guarantees consistence with FINRA's "appropriateness" necessities; and the prerequisite to reveal control connections at or preceding affirmation. In any case, it is allowed to acknowledge spontaneous client orders for the offers. Registered Representative otherwise called a specialist or "RR," a person who is utilized by a merchant vendor to deal with client accounts and to prompt general society about putting resources into protections. Any individual who requests to trade protections for the records of clients. Any person that makes a proposal to a client or who plays out a reasonableness assurance for a client.
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Complete Question is
A registered representative is employed by a broker-dealer that is a publicly traded company, listed on the New York Stock Exchange.
Which statement is TRUE? The registered representative:
A. may recommend the purchase of his employer's stock to established customers, but not to new customers
B. may recommend the purchase of his employer's stock to new customers, but not to established customers
C. may accept unsolicited orders for his employer's stock; but cannot solicit orders for, nor recommend, buying that security
D. cannot accept solicited or unsolicited orders for his employer's stock; nor can he or she recommend buying that security
an auto company claims that the fuel efficiency of its sedan has been substantially improved. a consumer advocate organization wishes to compare the fuel efficiencies of its sedan between the 2019 and 2021 models. each of 12 drivers drove both the 2019 and 2021 models on a highway and the fuel efficiency was measured (in miles per gallon). the same driver drove the same path for both the models. driver model 1 2 3 4 5 6 7 8 9 10 11 12 2021 31.1 32.4 31.3 33.5 31.7 32.0 31.8 29.9 31.0 32.8 32.7 33.8 2019 28.7 32.1 29.6 30.5 31.9 30.9 32.3 33.1 29.6 30.8 31.1 31.6 test the claim that the average fuel efficiency of the sedan has improved. what is the p-value (round off to third decimal place)? assume normal population.
The p-value is 0.849 assumimg normal population.
What is the p-value?
This question is using the two-sample t-test to test the claim that the average fuel efficiency of the sedan has improved. The two-sample t-test is a statistical test used to compare the means of two samples. It is used to determine if there is a statistically significant difference between the two samples.
To calculate p value the following steps are given below
Step 1: Calculate the mean difference between the 2019 and 2021 models. The mean difference is 1.4 miles per gallon.
Step 2: Calculate the standard deviation of the difference between the 2019 and 2021 models. The standard deviation is 1.88 miles per gallon.
Step 3: Calculate the t-statistic. The t-statistic is 0.74.
Step 4: Calculate the degrees of freedom. The degrees of freedom is 11.
Step 5: Calculate the p-value.
The p-value is 0.849.
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donalynn purchased a computer on a payment plan. two months after the purchase, the balance was $380. five months after the purchase, the balance was $155. write an equation, in slope-intercept form, that models the balance y after t months.
The fifteenth month is the one in which the balances of the two accounts are equal.
How can unknown values be found?
The problem's unknown values are discovered using algebraic expressions and unknown variables.
The two bank accounts' three-month balances are displayed in the table.
Month Account A Account B
0 $50 $155
1 $85 $365
2 $120 $380
Account A's balance is increasing by $35 per month. The balance in this account as of the nth month is as follows:
50+35n
Account B's balance is only increasing by $15 at this time. The balance in this account as of the nth month is as follows:
50+15n
Assume that Account A's balance is equal to Account B's balance in each case.
Allow Account A's balance to match Account B's balance in any given month. Thus,
50+35n=350+15n
20n=300
n=300/20
n=15
As a result, the 15th month is the one in which the balance of Account A equals the balance of Account B.
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Note: The correct question would be as bellow,
The table shows the balances of two bank accounts for 3 months. In what month will the balance of Account A be equal to the balance ofAccount B?
$350
Month Account A Account B
0
$50
1 $85
$365
2 $120
$380
Month
why does the author argue that enterprise integration is insufficient for future sustainability efforts?
The future of companies lies in sustainable business models. Create long-term value and generate profits while improving social and environmental conditions
Sustainability is a business approach that creates long-term value by considering how a particular organization functions in the environmental, social and economic environment. Sustainability is based on the assumption that developing such strategies promotes the longevity of the company
Sustainable companies cut costs
33% of companies have adopted sustainability strategies to improve operational efficiency and reduce costs. Against this backdrop, McKinsey says that efficiency improvements can increase operating profits by up to 60%.
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which journal entry records the amortization of an expense
Depreciation expense is entered in the item called "Depreciation and amortization" on the income statement. Charge depreciation to increase your investment account and reduce your income.
What is the amortization?
Amortization is the repayment of a debt in equal installments over a period of time. Part of each payment goes towards the loan amount and part towards the interest. As the loan is amortized, the principal starts small and increases each month.
What are some examples of amortization?
Companies can amortize the cost of a patent over its useful life. Suppose a company has exclusive rights to his patent for 10 years and the patent is not renewed at the end of that period.
What’s the purpose of Amortization?
Amortization is the process of recording the cost of an asset against expense over its expected useful life and moving the asset from the balance sheet to the income statement. It essentially reflects the consumption of intangibles over their useful lives.
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Consider the following model for the production of refined oil: MPC = 10 + 0.2Q;
In the process of producing, firms also pollute the air in the area. Assume MEC = 0.3Q;
The market demand for refined oil is MSB = 30 – 0.3Q; MEB = 0.
Use these relationships to answer the following questions:
1. (1 point) Calculate the competitive (or market) output and equilibrium price in this market.
2. (1 point) Calculate the efficient output and equilibrium price in this market.
3. (4 points) Graphically represent the MPC, MSB and MSC curves (make sure to label the axes). Make sure to indicate the value of efficient production (QE) and price (PE) levels as well as market output (QC) and price (PC) levels.
4. (1 point) Calculate the refineries’ marginal profit at the efficient equilibrium.
5. (1 point) Calculate the public marginal damage (negative benefit) at the competitive equilibrium.
6. (2 points) At Q=30, what is the minimum price (Pm) refineries would have to be compensated in order to decrease production? What would be the maximum price (PM) public users would be willing to pay to have production decreased?
Using the relationships given, Competitive equilibrium = 40, Efficient equilibrium = $22.5, Marginal profit = 15 and public marginal damage = 12.
What is Marginal profit?A firm or individual earns marginal profit when one additional or marginal unit is produced and sold. The marginal cost or profit earned when producing the next unit. The marginal product is the extra revenue earned, whereas the marginal cost is the additional cost of producing one more unit.
MPC = 10 + 0.2Q
MEC = 0.3Q
MSB = 30 – 0.3Q; MEB = 0
1. Competitive equilibrium
MSB = MPC
30 – 0.3Q = 10 + 0.2Q
20 = 0.5q
q = [tex]\boxed{40}[/tex]
2. Efficient equilibrium
MSB = MEC (Marginal social cost)
MSC = MPC + MEC
MSC = 10 + 0.2Q + 0.3Q
MSC = 10 + 0.5Q
That implies
30 – 0.3Q = 10 + 0.5Q
30 = 0.8q
q = 25 and
p = 30 - 0.3(25)
p = [tex]\boxed{\$22.5}[/tex]
3. Attachment given for the graph
4. Marginal profit = Marginal social benefit - Marginal social cost
= [30 - 0.3(25)] - [10 + 0.5(25)]
= (30+7.5) - (22.5)
Marginal profit = [tex]\boxed{15}[/tex]
5. MEC = 0.3q
At Competitive equilibrium, q = 40
MEC = 0.3(40)
MEC = [tex]\boxed{12}[/tex]
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Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. A) True B) False
The assertion is true . Operation management refers to the collective actions that convert inputs into finished products in order to generate value in the form of products and services.
In operation management, what is the difference between input and output?Operations management is the systematic direction and control of a business process in which resources, known as inputs, are transformed into finished goods or services for consumers or clients (outputs). To fully comprehend operations management, we must first define the term operations. "Operations" refers to the sequence of activities that occur during the creation of a product or the delivery of services. Operations, which is used by businesses to convert resources into goods or services, answers the question, "What does the company do?" Operations management is the systematic direction and control of a business process in which resources, known as inputs, are transformed into finished goods or services for consumers or clients (outputs). Input resources are typically divided into two categories: transformed and transforming resources. Transformed resources are those that are transformed during the process of producing goods or services. Materials, information, and customers are all included. The outputs of the transformation model can be either goods or services, or both goods and services. Transformation processes should produce good results (e.g., minimizing inputs to be wasted).
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The first question to ask yourself when composing a business message is "What channel should I use to send the message?"
A business message can be written using feedback as a medium.
Describe business.A business is a for-profit corporate entity, such as a corporation, limited liability company (LLC), or partnership, that provides professional services. Most companies only have one physical location. They insist on maintaining strict control over the project.
Are businesses and firms the same thing?A firm is a company that operates with the goal of making money by providing products and services. Both the terms business and company are appropriate. There are many different business formats, including sole proprietors and corporations.
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you want to buy a house in hermosa beach ca, but you can only afford to make monthly payments of $7,100. the interest rate on mortgages right now is 4.25% p.a. with monthly compounding (apr), fixed for 30 years, with monthly payments. you have $155,000 saved to use as a downpayment. what is the most that you can afford to pay for a house (ignoring closing costs, property taxes, etc..)?
You want to purchase a home in Hermosa Beach, California, but your monthly income is barely $7,100. Currently, mortgages have an interest rate of 4.25%.
What is purchase definition in accounting?
Definition: Purchases of goods and services include the value of all items and services obtained during the accounting period for resale or consumption in the manufacturing process, with the exception of capital assets, whose consumption is recorded as consumption of fixed capital. Shoes Unlimited will buy 10,000 pairs of sneakers from a foreign source. This requires the issuance of a purchase order, which is a formal commitment by the company to acquire the particular brand and quantity of shoes.
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allison is a loader in a warehouse. when one of her fellow employees explains that she will be missing work for a few weeks because her mother is terminally ill, what is the primary type of listening that allison is using?
The primary listening style Allison uses is empathetic.
What kind of hearing is the most common?In interpersonal communication, there are three primary listening styles that are most prevalent: Listening for Information (Listening to Learn) Critical Hearing (Listening to Evaluate and Analyse) Clinical or Empathetic Listening (Listening to Understand Feeling and Emotion). You are first born with the capacity for discriminative listening. All people are born with the ability to listen critically. Even before you can interpret words, you employ this kind of hearing. Listening involves focusing on the speaker's body language, voice, and other verbal and nonverbal cues in addition to the story being given. In other words, it entails paying attention to both verbal and nonverbal cues.
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Which statement is true based on Figure 4 in the article?
1: Apparel prices increased more than medical care prices.
2:Medical care prices increased at the same rate as computer prices.
3: Medical care prices increased while computer prices decreased.
4: The overall CPI is the same as the CPI for computers.
Medical care prices increased while computer prices decreased.
What is inflation? Inflation is an economic concept that describes an increase in the general price level of goods and services over a given period of time. Inflation is typically measured using the Consumer Price Index (CPI), which tracks changes in the prices of a basket of goods and services (including food, housing, clothing, transportation, and medical care) that are commonly purchased by households. When prices for these items rise, inflation has occurred. Inflation generally occurs when the demand for goods and services outstrips the available supply, leading to an increase in prices. It can also be caused by an increase in the money supply, which can lead to an increase in prices due to an increase in the amount of money being circulated. Inflation can have both positive and negative effects on an economy, depending on the rate at which it is occurring. High inflation can lead to a decrease in purchasing power, decrease in investment, and an increase in unemployment, while low inflation can lead to economic growth and increased purchasing power.To learn more about inflation rate refer to:
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sophia martin wants to travel around the world. sophia has three options she can pursue: she could continue to work full time to earn the money she needs for her trip, she could work part time so that she can still earn some money but have the time necessary to complete her trip, or she could take full retirement so that she has all the time necessary to complete her trip. which step in the financial planning process does this scenario demonstrate? multiple choice developing her financial goals determining her current financial situation implementing her financial plan evaluating her alternatives identifying alternative courses of action
13 popular financial goals
Build an emergency fund.
Set a budget.
Get out of savings card debt.
Improve a credit score.
Pay off a vehicle loan.
Save for a vacation.
Buy a home.
Pay off pupil loan debt.
What is the fundamental purpose of financial planning?Financial planning isn't just about investing; it is about what money can do for your confidence, security, and great of life—such as the safety that life insurance plan offers or the peace of mind that an emergency fund can provide. Research also shows that planning supports sound cash habits as well.
What is a consumable product goal?A consumable product intention is a kind of product that is used quickly. It will be procured continually due to the fact it wears out quickly.
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an agent of a broker-dealer who effects securities transactions that are not recorded on the books of the broker-dealer is defined as a(n): a agent b broker-dealer c issuer d investment adviser
An agent of a broker-dealer who effects securities transactions that are not recorded on the books of the broker-dealer is defined as an agent. Therefore option A is correct.
Who are Broker-Dealer Agent ?A practitioner who has certified with the Financial Industry Regulatory Authority (FINRA) in order to be given authorization to act on behalf of a wealth manager business in the acquisition and sale of securities is known as a broker-dealer agent. Stockbrokers, registered solicitors, and investment gurus are other names for broker-dealer agents. They are chargeable for giving clients investment management services and carrying out deals on their favor.
Finding potential clients, strengthening ties with them, and giving them details about various equity investments are all parts of a merchant agent's job description. To give their clients the most crucial data, they must also stay current with developments in the economy and financial markets. Broker-dealer personnel are required to uphold a fiduciary duty of care, which requires them to put the interests of their clients prior to their own.
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mauve inns has total assets of $913,600, total debt of $424,500, net sales of $848,600, and net income of $94,000. the tax rate is 21 percent and the dividend payout ratio is 30 percent. what is the firm's sustainable growth rate?
based on the specified 13%. what is the company's pace of sustainable growth.
How are growth rates determined?To calculate growth rates, divide the change between the starting and ending values for such period under study by the new value. The most frequent time intervals for growth rates are annually, annually, monthly, and weekly.
Where
Dividend payout ratio = 30%, or 0.30
Rate of dividend payout = 1 - retention rate = 0.30, for a total of 0.70.
Total assets minus total debt equal $913,600 minus $424,500, which is $489,100.
Return on equity is calculated as Net Earnings / Shareholder Equity, which is $94,000 / $489,100, or 0.19.
By changing the appropriate variables in equation (1), we obtain:
Sustainable growth rate is equal to 0.70 times 0.19, or 0.13, or 13%.
Therefore, the firm's sustainable growth rate is 13%.
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because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects. question 3 options: true false
The correct answer is True. Due to its adaptability, project management can be used for both continuous, ordinary work and one-off, special projects.
Making something suitable for a new application, purpose, or circumstance is the general definition of adaptation. Project managers frequently have to adjust to changing settings, technology, expectations, and situations, just as organisations adapt to change. Matter, organisations, and people all have the ability to adapt.
Being adaptive will improve the chances that your projects will be successful, give you an advantage in your job, and help you handle things at home. It can lead to more chances and innovative solutions to be able to adapt to change as opposed to fighting it or futilely attempting to entirely prevent it.
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rig co. sold its factory at a gain and immediately leased it back for 10 years. the factory's remaining economic life is 20 years. the lease was reported appropriately as an operating lease. how should rig report the gain in the financial statements?
Rig Co. should report the gain as income in the period in which the sale was completed. The gain should be reported on the income statement as "Gain on Sale of Factory".
The lease should also be reported on the income statement as an expense over the term of the lease.
The gain on sale of the factory should be reported as a non-operating item on the income statement, separate from the operating lease expense. This allows investors to distinguish between the income from the sale of the factory and the expenses related to the lease of the factory.
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3. from an institution-based view and a resource-based view, explain what was behind the success and (ultimate) failure of the old east india company?
The East India Company's success may be explained from an institution-based perspective by its aptitude at navigating and taking advantage of the political and economic institutions of the nations in which it operated.
Due to its success in securing advantageous trade deals and political connections, the business was able to establish a monopoly on trading with the Indian subcontinent. The business was also able to defend its interests and preserve its trading routes by using its military and naval strength. The East India Company's failure, however, can be attributed to its ineffective governance because it grew to be too powerful and corrupt, which stoked unrest among the populace and eventually sparked a rebellion that resulted in the company losing its monopoly power and being disbanded by the British government. The business also failed to adjust to new forms of competition and shifting economic conditions, which eventually contributed to its demise.
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when the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with what face amount?
When the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with an amount equal to the original face amount of the policy.
This means that the policyholder will not be subject to any reduction in the death benefit they were originally promised. It is important to note that the extended term nonforfeiture option may result in the policyholder having to pay higher premiums in order to keep the policy in force.
When the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with a face amount equal to the cash value.
This option helps to ensure that the insured's beneficiaries are provided with the same death benefit that was originally purchased, even if the original policy has been surrendered or lapsed.
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under a regressive tax system, a the marginal tax rate for high income taxpayers is higher than the marginal tax rate for low income taxpayers. b the marginal tax rate for high income taxpayers is the same as the marginal tax rate for low income taxpayers. c the marginal tax rate for high income taxpayers is lower than the marginal tax rate for low income taxpayers. d any of the above could be true under a regressive tax system. e none of the above could be true under a regressive tax system.
Under a regressive tax system, the marginal tax rate for high income taxpayers is lower than the marginal tax rate for low income taxpayers
What is regressive tax system?Regressive taxes are those that are applied consistently and which take a greater portion of income from low-income earners than from middle- and high-income earners. It is opposed to a progressive tax, which levies higher rates against high-income taxpayers. A regressive tax is one that becomes less onerous as income increases. A tax that is levied in a way that the tax rate drops as the amount subject to taxation rises is referred to as regressive. The term "regressive" refers to a distribution effect on income or spending that advances from high to low so that the average tax rate is higher than the marginal tax rate.To learn more about regressive tax system refer to;
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your elderly client's husband died last month with a gross estate valued at $4,000,000, which includes closely held stock valued at $1,000,000. debts and expenses (including state death taxes paid) for his estate are estimated to be $50,000. his will, which appoints his brother executor, leaves one-half of his estate to your client, with the remainder to their two adult children in equal shares. your client recently inherited $7,000,000 from the settlement of her mother's estate. if your client's major objectives are to (1) avoid inclusion of her husband's property in her gross estate, and (2) pass as much of his property as possible to their children, which one of the following is an available and advisable postmortem planning technique? a) a section 303 stock redemption b) an election against the will by the wife c) a qtip election by the wife d) a qualified disclaimer
By executing a qualified disclaimer, the wife is able to avoid inclusion of her husband's property in her gross estate and pass as much of his property as possible to their children.
Which one of the following is an available and advisable postmortem planning technique?
A qualified disclaimer by the wife is the best postmortem planning technique in this situation. A qualified disclaimer is a legal way for the wife to refuse to accept the inheritance she has been given, and in doing so, the assets will pass directly to the children. To execute a qualified disclaimer, the wife must meet the following requirements:
1. The wife must make an irrevocable and unqualified refusal of the inheritance within nine months of her husband's death.
2. The wife must not have accepted any of the benefits of the inheritance.
3. The refusal must be in writing and signed by the wife.
4. The refusal must be filed with the court or probate office.
By executing a qualified disclaimer, the wife is able to avoid inclusion of her husband's property in her gross estate and pass as much of his property as possible to their children.
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