Making the stadium smaller will make demand for seats inelastic allowing Standford to increase revenue from ticket sales. e. Stanford is predicting the percentage decrease in quantity of seats will be lower than the percentage increase in price so revenue and profits will increase.
A monopolistic business has a more difficult analysis of options than a corporation with perfect competition. After all, a business in a competitive market calculates its output to maximize profits by starting with the market price as a given. A monopoly may control both its output and its pricing since it owns the whole market. What options would such a company make regarding pricing and output.
We shall respond to your query in terms of the marginal decision rule, which states that a business will continue to manufacture more units of an item up until marginal revenue equals marginal cost. We must first look into the unique link between demand and marginal revenue for a monopoly in order to apply that rule to monopoly firms.
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in preparation for a credentialing process, a county hospital will be conducting an audit. what is the primary focus of this activity?
The primary focus of conducting an audit is determining if present practice is supported by the greatest available evidence.
What is an audit?
An audit is defined as "an independent review of the financial statements of any company, whether profit-oriented or not, regardless of its size or legal structure, when such an examination is done with a view to expressing an opinion thereon." Additionally, auditing makes an effort to confirm that the company is maintaining its books of accounts in accordance with the law. The assertions that are put before the auditors are taken into consideration, supported by evidence, and evaluated in the auditing report.
Since it was first used as a safety precaution in antiquity, auditing has become so widespread in the public and business sectors that scholars have begun to refer to it as a "Audit Society."
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in preparation for a credentialing process, a county hospital will be conducting an audit. what is the primary focus of this activity?
vern, the hr manager at a start-up company, helped the founder plan a benefits package that includes paid vacations, holidays, and sick leave. now an employee approaches vern to say she has been called up for jury duty and needs to be away next week. what should vern do? group of answer choices he should direct the employee to use the family and medical leave act. he should ask the employee to use her vacation time for jury duty. he should establish, and then apply, policies for other situations requiring time off. he should ask the employee to use her sick leave for jury duty. he should forbid the employee from taking time off for jury duty.
Nick is the HR manager at a new company. He should develop, and then implement, policies for other situations that necessitate time off.
The Human Resource Manager will oversee the regular duties of the Human Resources (HR) department, including hiring and conducting interviews, paying employees, handling benefits and leave requests, and enforcing company policies and procedures.
Human resource management is a strategic and coherent approach to the effective and efficient management of people in a company or organization so that they can help the company gain a competitive advantage. It is intended to maximize employee performance in support of an employer's strategic goals.
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total holding period return is the dollar gain (or loss) from purchasing an asset and selling it later. t/f
The overall return earned from owning an asset or portfolio of assets over time—referred to as the holding period—is known as the holding period return and is typically stated as a percentage.
The overall return earned from owning an asset or portfolio of assets for a given amount of time is hence known as the holding period return. This return is typically stated as a percentage. Based on overall returns from the asset or portfolio, holding period return is computed (income plus changes in value). It is especially helpful for comparing the returns of assets kept for various lengths of time.
The holding period determines the tax consequences and runs from the day after the security is acquired to the day it is sold or disposed of. When comparing returns on investments bought at various points in time, the holding period return can be helpful.
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alan and bill have a written contract whereby alan agrees to sell bill a plot of land for $100,000. later, without terminating the first contract, the parties modify the deal so that alan sells bill the same plot of land for $125,000. the second agreement:
Is not a contract because there is no consideration for B's promise. Consideration is something that a promisor trades for their promise, such as a promise, performance, or forbearance.
What does legal consideration look like in practice?Consideration can be interpreted to be anything of value that is promised by one party to the other when entering into a contract. For instance, if A contracts to buy a car from B for $5,000, A's consideration would be the promise of $5,000, and B's consideration would be the promise of the car.
What are the three criteria to take into account?Important Factors to Consider
Consideration must satisfy the following requirements in order to constitute a legal contract: It must be something worthwhile to haggle over. It must be advantageous to all contracting parties. It must be a worthwhile item.
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________ is the net return from a marketing investment divided by the costs of the marketing investm
The profit on advertising budget is calculated by dividing the net profit from a marketing effort by its expenses. It calculates the returns on investments made in marketing initiatives.
What does the term "marketing" mean?
The process of developing, communicating, delivering, and trading offerings that are important to customers, investors, partners, and society at large collectively is known as marketing.
Which four sorts of marketing are there?
When selling a good or service, the four Ps are a "marketing mix" made up of four essential components: product, pricing, place, and promotion. The four Ps are typically taken into account by firms when developing marketing plans to reach their target audience.
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an individual who is a supporter of globalization would argue that it helps the developing world by: providing people in developing countries with more jobs. allowing new ideas and technological innovations to spread quickly. giving entrepreneurs access to foreign investment funds to support economic development. all of these answers are correct
Proponents of globalization support developing countries by providing entrepreneurs access to foreign investment capital, enabling the rapid diffusion of new ideas and innovations, and creating more jobs for people in developing countries. would argue that it helps support economic growth. Here option D is the correct answer.
Proponents of globalization argue that it could make the world a better place and solve deep-seated problems such as unemployment and poverty. Marginalized people have the opportunity to exhibit on the global market.
Globalization has increased the awareness of consumers around the world to various investment opportunities, economic trends, and new products. Socially speaking, globalization provides better connections for people around the world. Culturally, it facilitates an increased exchange of values and ideas.
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1) describe three threats to safety and three threats to security in the hospitality organization with which you are most familiar. explain how management currently addresses (manages) these threats.
Among these dangers are fire, calamities, gas leaks, and electrical issues. Some emergencies can be prevented or managed with the use of measures. And know how to keep things under control in tense circumstances to prevent harm, fatalities, and property loss.
Which three categories of dangers could possibly exist in a hotel?The hazards that hotels must deal with include loitering, vandalism, and theft. And not just from visitors and other outside parties. Employees at the hotel who are fully aware of your weaknesses may use your company to their advantage.
Describe how the management is now handling (managing) these risks.Make sure that anyone who lifts anything by hand receives regular instruction.Utilize the signage and lighting to your advantage.Lock up any chemicals when not in use, and keep them securely.Extension cables should only be used sparingly, and in damp areas, they should be kept dry.Verify the safety and functionality of all used equipment.Make sure the required safety measures are in place and evaluate the fire risk.Learn more about security in the hospitality organization: https://brainly.com/question/20410165
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Materials Variances
Dark Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2.50 per pound. During September 9,500 pounds of raw materials costing $3.25 per pound were used in making 4,700 weather vanes.
Determine the materials price and quantity variance.
Materials price variance $:Answer Answer:F or U
Materials quantity variance $:Answer Answer:F or U
The Material price Variance and Quality Variance of Dark Wind Manufactures are given
Material price variance = 1250
Quantity variance = 300
Actual price of raw material = $3.25
Standard price = $2.50
Actual quantity = $9500
Material price variance = [Actual price - Standard price] x Actual quantity
Material price variance = [3.25 - 2.50] x 9500
Material price variance = 7125
Quantity variance = [Actual quantity - Standard quantity] x Standard price
Quantity variance = [9500 - 4700 x 2] x 2.50
Quantity variance = 250
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9. how is collusion used in oligopoly markets? what is a cartel? are they legal? give one example of either collusion or a cartel that has occurred in the past.
Collusion used in oligopoly markets: Collusion can be defined as joint profit maximization.
When there are few large firms that dominate a market then they decide to collude to limit the competition and maximize joint profit. There is one form of collusion also known as a cartel. A cartel is an agreement between competing firms to control prices or exclude the entry of a new competitor in a market. It is a formal organization of sellers or buyers that agree to fix selling prices, purchase prices, or reduce production using a variety of tactics.
Since these cartels restrain competition among the member firms, their formations have been made illegal in some countries by the Governments passing laws against them. For instance, the formation of a cartel is illegal in the U.S.A. under the Anti-Trust Laws passed there. However, in spite of the illegality of cartels they are still formed in the U.S.A. through secret devices, and by adopting some means or the other shrewd businessmen are able to evade the anti-monopoly laws.
In India also it is illegal, as the cement and tire industry formed a cartel then CCI warned them through legal notices.
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Korey is planning to open a comic book store. In his first year of operation, korey expects to average $1,000 of profit each month. He then expects profits to increase by 6% each year for the next 4 years. How much does korey expect to make in profits in his fifth year of operation? a = p (1 r) superscript t a. $15,149. 72 b. $16,058. 71 c. $31,120. 46 d. $32,987. 69 please select the best answer from the choices provided a b c d
We must apply our financial understanding in this exercise to determine that Korey expects to make $15,149.72 in profits.
How do you calculate the profits?As a result of organizing the information in the assertion, we learn that:
average profit of $1,000
6% annually for the following four years
The results of these computations show that:
1000*12 = 12000
12000 * 1.06^1
12000 * 1.06^2
12000 * 1.06^3
12000 * 1.06^4
= $15149.72
What does profit mean?The money that remains after paying your business expenses is your profit. Gross profit, operating profit, and net profit are the three primary types of profit. The largest profit is gross. The amount left over after paying for the sold goods and services is displayed.
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Q5 Social Security is a sizable program that impacts many families in the United States. Which of the following statements is not correct regarding Social security?A. Social Security was never intended to provide a substantial wage replacement ratio for most Americans.B. Social Security skews benefits towards lower wage earners and away from higher wage earners.C. Social Security provides 90% or more of the income for more than 20% of retired married couples.D. All of the above statements are true.
D. All of the above statements are true.
How does Social Security operate and what is it?
We enroll people in Medicare and manage retirement, disability, survivor, and family benefits. Additionally, we offer Social Security Numbers, which are special identification numbers required for employment, managing financial transactions, and determining eligibility for particular government services.
Almost every American worker receives retirement income from Social Security. Additionally, we provide SSI (Supplemental Security Income) to some seniors 65 and older with low incomes and resources.
If your medical condition is expected to result in death or if it prevents you from working for a period of twelve months or more, Social Security may be able to help. If a child has a condition that significantly limits their daily activities, we might be able to offer support.
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the fact that a movie download costs around $6 while a movie ticket costs $10 highlights what role of money?
unit of account is the importance money plays is highlighted by the fact that a movie ticket costs $10 while a movie download costs only $6.
Which circumstance is least likely to cause inflation?a decline in consumer faith in the economy The term "inflation" refers to the circumstance where prices for items used in daily life will rise. It is determined by how the average price has changed in relation to price changes.
What is the most crucial function of money?The most crucial role of money is as a medium of exchange for transactions. If there were no such thing as money, all transactions would have to be made through barter, which entails the direct exchange of one commodity or service for another.
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true false an easement is the right to go onto land owned by another and take away some part of the land itself or some product of the land.
An easement is a non-possessive right to access and/or utilize another person's real property without actually owning it.
The right of way that one landowner, A, may have over the land of another, B, is the best example of it. In most jurisdictions, an easement is a sort of incorporeal property and a property right in and of itself under common law. Real covenants and equitable servitudes are comparable to easements. These ideas are combined as servitudes in the Restatement (Third) of Property in the United States.
A negative easement is a right to stop someone from engaging in an otherwise legal activity on their own property, whereas an affirmative easement is a right to use another land for a certain purpose. An affirmative easement, for instance
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if sales are $1,000,000 and contribution margin is $250,000, the contribution margin ratio is %.
The required contribution margin ratio will be 0.25.
The contribution margin ratio is the ratio of the contribution margin to the sales.
Contribution margin ratio = Contribution margin ÷ Sales
As per the given question, the data will be as:
Sales = $1,000,000
Contribution margin = $250,000
Contribution margin ratio = Contribution margin ÷ Sales
Contribution margin ratio = $250,000 ÷ $1,000,000
Apply the division operation, and we get
Contribution margin ratio = 0.25
Thus, the required contribution margin ratio will be 0.25.
In finance, an enterprise's gross margin is certainly the distinction between sales and fee of goods offered (COGS) divided through that revenue determine. not like gross profits, which might be expressed as absolute greenback quantities, gross margins are expressed in percent bureaucracy.
Gross earnings are the cash left over after an organization's prices are deducted from its income. Gross margin is an agency's gross profit divided by using its income and represents the amount earned in earnings in step with the greenback of income. Gross profit is said as a range of, at the same time as the gross margin is said as a percent.
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a portfolio comprises coke (beta of 1.6) and wal-mart (beta of 0.6). the amount invested in coke is $10,000 and in wal-mart is $20,000. what is the beta of the portfolio?
10000 + 20000 = 30000
(10000/30000)(1.6) = 0.53
(20000/30000)(0.6) = 0.4
0.53 + 0.4 = 0.93
the beta of the portfolio is 0.93.
what is portfolio ?A portfolio is any collection of financial assets, including cash, bonds, and stocks. Individual investors may have portfolios, or they may be managed by financial professionals, hedge funds, banks, and other financial institutions. The idea that a portfolio should be created with the investor's risk appetite, time horizon, and investment goals in mind is one that is widely acknowledged. Each asset's monetary worth may have an impact on the portfolio's risk/reward ratio. The goal is to maximize expected return and minimize risk when deciding on asset allocation. There are numerous effective solutions to this multi-objective optimization issue, and the best one must be chosen by weighing the tradeoff between risk and reward. A portfolio A in particular is controlled by another.
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A monopolistically competitive firm is operating in the short run at the optimal level of output and is earning negative economic profits. Which expression must be TRUE for this firm? A) ATC> P>MR-MC B) ATC P > MR = MC. C) ATC > P = MR = MC. D) ATC> P>MR> MC.
Option (c), In the short run, a monopolistically competitive corporation is producing at the maximum level while experiencing a loss in economic earnings. For this firm, the formula ATC > P = MR = MC must be TRUE.
What happens in the short term to a corporation that is monopolistically competitive?By producing the amount wherein marginal revenue equals marginal cost, a monopolistically competitive firm maximizes profits or minimizes losses in the short term. If the average total cost is less than the market price, the company will turn a profit economically.
The demand curve is slanted downward for monopolistic firms, which act as price takers.
An indication that the price is insufficient to cover the average total costs is when a monopolistic competitive firm performs at its peak level in the short term while making a loss.
Price must match marginal revenue and marginal cost if the firm is operating at its best level. But because the price does not cover expenditures, the business is losing money.
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question 7 suppose that unless a teammate receives additional resources, they are going to complete an activity past a deadline. you know that the stakeholders are reluctant to provide additional resources. which interpersonal skill can you use to strike a middle ground between both the teammate’s and stakeholders’ needs?
I will use negotiation skills so that we can strike a middle ground between both the teammate’s and stakeholders’ needs.
What is Negotiation?A prearranged talk that achieves a problem-solving compromise is referred to as "negotiation." In a negotiation, each party tries to persuade the other to agree with their position. One party will always win since negotiations include some giving and taking. But the other must make at least a minor accommodation.
In negotiations, two or more parties work together to find a compromise or a solution that is acceptable to all parties in order to achieve a specific end objective. One party will express their stance, and the other will either accept the terms or respond with a different perspective.
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Divisions of the Fed known as _____ handle almost all the checks written against a bank in one city and presented for deposit to a bank in a second city.
Multiple Choice
bank holding companies
bank examiners
Federal Reserve banks
Federal Reserve accounts
check clearinghouses
Classify each event as to whether it will increase or decrease the trade deficit. Only pay attention to the direct effect of each event, and assume that nothing else changes. If an event will have no significant effect on the trade deficit, leave it unclassified.
The following list of events is categorized according to whether or not they would widen the trade deficit:
Expanding the trade deficit
Increases in Domestic Tax CollectionForeign items are bought more often domestically.Spending on domestic government declinesDecrease Deficit in trade:
Greater growth in domestic investment than domestic savingsSavings by domestic consumers riseA trade imbalance is what?The balance of commerce, commercial balance, or net exports refers to the dollar amount of a nation's exports and imports during a certain time period. A distinction between a trade balance for goods and one for services is often made.
When a nation buys more than it exports, there is a trade imbalance. A nation with a trade surplus is one where exports outweigh imports. The United States enjoys bilateral trade surpluses with certain trading partners and deficits with others, but its trade deficit in 2020 will be $678.7 billion.
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a clarke corporation subsidiary buys marketable equity securities and inventory on april 1, 2020, for 100,000 won each. it pays for both items on june 1, 2020, and they are still on hand at year-end. inventory is carried at cost under the lower-of-cost-or-net realizable rule. currency exchange rates in 2020 follow: lo 10-2, 10-4 lo 10-2, 10-4 january 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.15
Marketable equity securities = $19,000 and Inventory = $19,000. (100,000 X .19) are the balances that a consolidated balance sheet reports as of December 31, 2017.
Current assets are reported in the consolidated balance sheet at the closing rate, which is the current rate ($0.19 = 1 Won), when Won is a subsidiary functional currency.
Marketable equity securities and inventory both add out to $19,000 ($100,000 x $0.19).
Marketable security is any unrestricted financial instrument that can be bought or sold on a public stock exchange or a public bond exchange. Marketable equity securities and Marketable debt securities are the two subcategories of Marketable Securities.
Inventory or stock refers to the goods and materials that a business keeps on hand with the intent to sell, produce, or use them.
CORRECT QUESTION:
A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2017, for 100,000 won each. It pays for both items on June 1, 2017, and they are still on hand at year-end. Inventory is carried at a cost under the lower-of-cost-or-net realizable rule. Currency exchange rates for 1 won follows:
January 1, 2017, $0.15 = 1 won
April 1, 2017, $ 0.16 = 1
June 1, 2017, $0.17 = 1
December 31, 2017, $0.19 = 1
Assume that the WON is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of December 31, 2017?
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each of these is an example of an external cost except: the noise at your job. zoning restrictions that prevent you from adding to your existing home. clear-cutting of trees in washington state. your neighbor never cutting his grass or maintaining the outside of his property.
Each of these is an example of an external cost except zoning restrictions that prevent you from adding to your existing home.
A home, also known as a residence, is a building that houses one or more occupants, as well as sometimes various pets, as a primary or secondary residence. It can be fully or partially enclosed and has both internal and external components.
Providers of enclosed spaces, such as bedrooms, where household chores such as sleeping, cooking, eating, and maintaining personal hygiene can be performed. They also provide spaces for work and leisure such as studying, playing and working remotely. A house or an apartment are examples of static physical houses. Mobile homes include houseboats, trailers or yurts. The digital home includes virtual space.
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under what circumstances should a company's management team seriously consider submitting a price offer to supply private-label footwear to chain retailers in a particular geographic region?
A price offer to supply private-label footwear to chain retailers in a particular geographic region.when the company has excess production capacity in one or more places that would otherwise be idle and the number of pairs of branded shoes that company management.
The maximum amount of product that a company can produce over a specific time period using its available resources is known as production capacity. This number is noteworthy because it influences important short- and long-term business decisions for a manufacturing. the total production over a certain period of time is one of the simplest ways to determine capacity. Your total capacity, for instance, is 20,000 devices a week if your plant can produce that many on average each week.The amount you can produce in your current situation.When the benchmarking data on page 7 of the most recent FIR shows that all private label shoe dealers in that region had a margin over direct expenses of more than $2.50 for each pair of private label shoes sold to chain retailers.When chain shops seek to buy private-label shoes with a S/Q rating that is two stars or more lower than the sector average for branded shoes from the previous year.
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the purchase of treasury stock . question content area bottom part 1 a. increases assets and decreases stockholders' equity b. increases assets and stockholders' equity c. decreases assets and stockholders' equity d. decreases assets and increases stockholders' equity
Increases assets and decreases stockholders' equity, Treasury stock, also referred to as treasury shares or reacquired stock, denotes previously outstanding stock that the issuing company has acquired from stockholders.
Does buying Treasury stock add to one's assets?When Treasury Stock is bought, the amount of the purchase price multiplied by the number of shares is deducted from the Treasury Stock account. Treasury Stock is a counter equity account that grows through debiting. It is not an account for assets.
What transpires after a sale of Treasury Stock?The shareholders' equity always rises as a result of selling treasury shares. You can see what happens when a business sells treasury shares at a premium to cost in the preceding example. If a business sells treasury shares below cost, the accounting is different.
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what shouldn’t you do in an adjustment message? check all that apply. make unrealistic promises blame customers promote further business use negative words give reasons for compliance
An adjustment message takes a direct approach by letting the claimant know right away that the request has been granted.In person, you would probably begin with an apology, but in a written message, it is more effective to start on a positive note.
What should the opening of an adjustment letter contain?
despite the fact that you will comply with the request, an explanation as to why the customer is to blame.
What should you avoid doing when writing an adjustment letter?
Keep your voice active.You fail to accept responsibility when you write something like "a mistake was made."Write, "We erroneously entered 1,000 instead of 10,000," instead.C. Do not assign blame or use terms like "faulty" or "defective."D.
When making an adjustment request, what should one do?
Write a summary of your ideal course of action to conclude your request for an adjustment.Explain to the reader in a polite manner the advantages of complying with your request.Last but not least, if the reader has any thoughts, ask them to share them.
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Which of the following is an example of a strategic alliance partnership that uses a network cooperative strategy? a Redbox b. Oneworld ora DowAksa d. Mittercoors
One world or Dow Aksa is an example of a strategic alliance partnership that uses a network cooperative strategy
A strategic alliance is an agreement between two or more parties to collaborate in order to accomplish a certain set of objectives while continuing to run their respective businesses independently. Each member of the alliance believes that the alliance's advantages will outweigh the outcomes of their individual efforts. It is a cooperative or synergistic effort. Common components of alliances include the transfer of technology, economic specialisation, shared costs, and risk sharing. Typically, a formal agency, partnership company, or corporate affiliate arrangement will be superior to a strategic alliance. When two businesses each have one or more corporate assets or talents that will advance the other by advancing their respective sectors, a strategic alliance is often created. Outsourcing relationships that attempt to accomplish long-term objectives
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A couple bought some stock for $54.00 per share that pays an annual dividend of $2.03 per share. After one year the price of the stock was $60.07. Find the simple interest rate on the growth of their investment.
The simple interest rate on the growth of their investment is 15% for increase in stock price for 1 year.
We know that,
Simple interest, I = (PX RX T)/100
Неrе, I = (60.07-54) + (2.03x1)
= 6.07 + 2.03
= 8.1
Actual stock price, P = 54
Time period, T = 1
R = Rate of growth
substitute all the values in Simple interest formula:
8.1 = (54 x R x 1) / 100
810 = 54 x R
R = 15%
The Rate of growth is 15%
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if a firm sold some inventory on credit as opposed to cash, there is no reason to think that either its current or quick ratio would change. if a firm sold some inventory on credit as opposed to cash, there is no reason to think that either its current or quick ratio would change. false true
There is no reason to believe that a company's current or quick ratio would change if it purchased some inventory on credit as opposed to cash, so this statement is untrue.
What is meant by quick ratio?The quick ratio gauges a company's ability to cover its short-term obligations without having to sell goods or seek for further funding. The fast ratio is viewed as a more cautious indicator than the current ratio, that counts only current assets for coverage for current liabilities. A company's ability to meet its short-term obligations with its most liquid assets is evaluated using the quick ratio, which also acts as a measure of the company's short-term liquidity position.
What causes quick ratio to increase?The following are three of the most popular techniques to raise the quick ratio: Boost revenue and inventory turnover: Discounting, more marketing, and staff incentives can all be utilized to boost sales, which will then enhance inventory turnover. A corporation has enough cash and cash equivalents to repay any debt payments that might become due in the next year or so if its quick ratio is high (any quick ratio over 1).
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true or false: using a turnkey operation can create competition for a firm and it could lose its competitive advantage by selling its process technology through the turnkey project.
using a turnkey operation can create competition for a firm and it could lose its competitive advantage by selling its process technology through the turnkey project. given statement is true.
What does "turnkey operation" mean?A turnkey business is a for-profit enterprise that is already operational when it is bought by a new owner or proprietor. The idea that all that is required to start using something is to turn a key to unlock doors or turn a key in the ignition to start a car is the basis for the name "turnkey."
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andy noticed that the status report seemed to be missing a section. it did not describe what the team will accomplish between now and the next report. based on andy's observation, the status report is missing the section.
Based on Andy's observation, the status report is missing the risk management section.
The risk management document is a precis of the very last consequences of the chance management system. Proof of the implementation of the hazard management plan wishes to be covered inside the document. This could consist of references to the risk evaluation documents.
What's a threat file? A danger file imparts information approximately the corporation's maximum pressing dangers in the mean time. Typically it's going to address vital dangers, wherein outcomes for the company can be dire; as well as emerging dangers that could purpose large problem in the destiny if they may be no longer monitored carefully.
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Answer
Next steps
:
Explanation:
Wrinkles Away Inc. is entering... Wrinkles Away Inc. is entering a foreign market and is spending significant funds on educating customers about their line of wrinkle-reducing skincare products. These costs are an example of costs Multiple Choice learning pioneering opportunity greenfield R&D MC Qu.
Wrinkles Away Inc. is entering a foreign market and investing a sizable sum of money in teaching consumers about their line of skincare products for decreasing wrinkles. These expenses are an illustration of pioneering expenditures.
What is the cost of pioneering?Pioneer pricing is used to determine the (base) price for a new product. The basic price may be increased to quickly recover development costs and act as a guideline for determining discount prices in a variety of market categories.
The corporation must spend a large amount of time, effort, and money in order to comprehend the game's rules because the international business system differs so greatly from the one in the home market.
It might not be a good idea to join a foreign market before rival multinational corporations. Often referred to as first-mover drawbacks, these exist. These negative aspects could lead to pioneering costs, which are costs a first mover must bear but that a second mover can avoid. Pioneering costs refer to the costs involved in developing and marketing a product line, especially those related to customer education.
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