Planning processes include devising and retaining a possible scheme to make certain that the mission addresses the organization's needs.
It allows us to perceive our desires simply. It makes us determine surely and concretely what we want to do to have the effect on society that we want. It allows us to ensure that we all understand our intention and what we want to do to reach it through related to all people within the planning manner.
An amazing marketing strategy no longer handiest allows entrepreneurs awareness of the unique steps important for them to make enterprise ideas prevail, but it additionally helps them to obtain quick-time periods and lengthy-term objectives.
Putting desires that challenge every person inside the agency to strive for higher performance is one of the key factors of the planning procedure. The planning process group has procedures from every knowledge area.
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the owner knows that one of the reasons people do not return to his store is because of the slow service. how would a swot analysis classify the slow service at dina plumbing supplies?
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's Weaknesses.
Horrific customer support is when a purchaser feels their expectancies have been not met. consistent with our tendencies report, the top indicators of poor customer service consist of long wait times, an automated gadget that makes it tough to reach a human agent, and having to repeat information more than one time.
The five major causes of poor customer service include hiring the incorrect humans, loss of training, employee burnout, a false impression of client expectancies, and absence of worker engagement.
The maximum apparent one is not resolving a patron request or ignoring it. other customer support ache points consist of lengthy waits, poor employee understanding, lack of etiquette and manners.
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Complete question:
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's ________.
1. intelligence
2. threats
3. opportunities
4. strengths
5. Weaknesses
which key strategic leadership action plays a key role in influencing how the firm conducts its business and regulates and controls employees' behavior?
How to Maintain a Successful Organizational Culture Strategic leadership action has a significant impact on how the company runs its operations and governs and controls employee behavior.
Which of the following describes strategic leadership's objective?The major goals of strategic leadership are to improve strategic productivity, foster creativity, and create an environment that motivates staff to work hard, act independently, and advance their own ideas.
What are the three phases of developing a leader?leadership's three phases- We are moving past the first stage of leadership. Let's examine the initial level of leadership, which focuses on action. building the conditions for excellence, from 2 to 3. In the third level, multifunctional leadership is discussed, the drive to increase.
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silver futures contracts are based on 5,000 troy ounces and are priced in dollars per troy ounce. a closing report displays these prices for a december contract: open 19.435, high 19.450, low 19.025, and settle19.119. what is the closing value for one december futures contract on silver?
The closing value for one December futures contract on silver is $96,500.
Calculation:
We see that the closing value for one futures contract on silver=Settle*contract size = 19.119*5000
= 95595.00
The closing price is the raw price or present value of the last trading price of a security before the market is officially closed for normal trading. The closing price is calculated by dividing the product total by the total number of shares traded in the 30-minute period.
Closing price generally refers to the last price at which a stock was traded during a normal trading session. The closing price is a useful marker that investors can use to measure changes in stock prices over time. Even in the age of 24-hour trading, all stocks and other securities have a closing price which is the closing price traded during normal market hours on a given day.
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in what way does ias 16 (property, plant, and equipment) differ from u.s. gaap concerning fixed asset measurement subsequent to initial recognition?
There are significant discrepancies between the GAAP regulations codified in ASC Topic 360 and the IFRS rules written in IAS 16 in the field of fixed assets and the resulting depreciation. The cost method is the sole technique to originally report a fixed asset under GAAP.
What are GAAP and IAS 16?IAS 16 permits both upward and downward revaluation of fixed assets, however US GAAP permits only upward revaluation. IAS 16 allows for asset revaluation based on fair value to be performed. Each asset type must be revalued on an annual basis. Property, plant, and equipment are initially measured at cost, then measured again using a cost or revaluation model, and depreciated such that its depreciable amount is distributed systematically during its useful life. IAS 16 was reprinted in December 2003 and is effective for fiscal years beginning on or after January 1, 2005.
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ron is searching for another job where his skills will be best used. lucy is looking for a job where she can make more money to help put her children through college. what is ron's employment status and what is lucy's?
Ron is searching for another job where his skills will be best used. lucy is looking for a job . Both Ron and Lucy are frictionally unemployed.
About Frictional unemployment:
Frictional unemployment is a form of unemployment that reflects the gap between voluntarily leaving one job and finding another. Therefore, it is sometimes called search unemployment, but it also includes the employment gap when moving from one job to another. Smooth unemployment is not necessarily a bad thing.
Frictional unemployment is spontaneous, so it can even be a sign of a healthy economy. This means employees are looking for new jobs and new careers.
Causes of frictional unemployment:Employees take time off to care for loved ones. An employee left an unsatisfactory position in search of a new job. Employees have the financial means to take time off from full-time work. People quit their jobs to pursue higher education.
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what international organization runs a dispute settlement process in which countries can resolve trade inequalities in a formal arena?
Countries can settle trade disparities in a formal setting through the World Trade Organization's (WTO) dispute resolution procedure.
Describe trade.Trade is the voluntary transfer of goods or services among participants in the economy. Trade is often seen to be beneficial to both parties because interactions are voluntary. Buying and selling share or other assets is referred to as trading in the finance industry.
Why is trade so important?Because it fosters economic growth, encourages domestic employment, enhances standard of living, and give more control to support their families with fairly priced goods and services, trade is crucial to the success of the United States. More jobs, greater pay, quality services, moderate inflation, and a propensity for cooperative over conflict are all advantages of increased commerce. nation. The much more freely trade goes around the world, the bigger the wave of economic success and peace will be.
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thirty percent of the cfa candidates have a degree in economics. what is the popbability that none of them have a degree in econmics?
The probability that none of them have a degree in economics is 0.657.
We need to calculate
P (X > = 1)
= 1 - P(X =0)
= 1 - (1-0.30)^3
= 0.657
Hence, Option C is Correct
The complete question is:
Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?
1. 0.300
2. 0.343
3. 0.657
4. 0.900
Candidate for Level I CFA
You are regarded as a candidate for the CFA Level I if you are presently preparing for the Level I test. You may do this in a number of different ways on your resume. One strategy is to identify as a Level I candidate for the CFA.
The Excel’s function BINOM.DIST can be used.
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failing to appropriately will result in too many employees doing the same work and prevent the new firm from realizing the cost synergies it anticipated. a. downsize b. buy out c. downscope d. spin off
The correct option is A. If downsize is not done properly, there will be too many employees working the same job, which would hinder the future company from reaching the projected cost synergies.
What are the two different forms of work?You can hire someone on a fixed-term or fee basis for a predetermined period of time or to carry out a specified duty, such as to work on a given project or fill in for an employee on leave.
Which professions are the most common?The three categories below may be used to identify the kinds of labor that have been done. The three sorts are positive employment, dismal work, and zero work. The ratio of force and displacement defines the kind of work that is done. Good number of occupations when an applied force moves an object inside that direction.
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what are the consequences of bad logistics management for a company? select all that apply. a more paperwork b problems with customer relations c higher costs d longer hours
The consequences of poor logistics management for company include: customer relationship issues, higher costs and longer hours.
What leads to bad logistics?Poor time management. Increased costs and hidden costs due to lack of knowledge. Disruption of operational processes. I don't have the right software for live tracking.
What impact will logistics have on company?Successful logistics in business entails more effectiveness, lower costs, higher production rates, better inventory control, more efficient storage space utilization, higher levels of customer and supplier satisfaction, and better customer experiences.
What are the consequences of poor management for suppliers?In short, poor supplier performance costs a company money, time, and reputation, increases the risk of customer churn, and can even threaten a company's viability. The impact on suppliers is also negative. Efforts to ensure performance regressions can be fixed.
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the proper level of government intervention is unclear when dealing with a monopoly. group of answer choices true false
When dealing with a monopoly, it's uncertain how much government should be involved. It is accurate to state what it is.
What exactly does Monopoly mean?
A monopoly is a market structure where one manufacturer or seller holds the majority of the market share in a particular industry or area. As they impede competition and restrict consumer alternatives, monopolies are opposed in free-market economies.
Please provide a monopoly example:
A corporation is said to have a monopoly if it offers a product solely and there are no close substitutes. A monopoly that is unregulated can control prices and dominate the market. Take Microsoft and Windows, DeBeers and diamonds, or your local natural gas company, as examples.
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the macroenvironment is also known as the environment. multiple choice question. fixed internal external general
the macroenvironment is also known as general environment.
Describe macro environment through few examples?A macro environment is the collection of circumstances that impact the economy as a whole instead of just one industry or geographical area. The macro environment, in general, comprises developments in the GDP, inflation, employment, expenditure, and fiscal and monetary policy.
Why is a business's macroenvironment important?Macro-environment frequently denotes a state affecting the entire economy as opposed to just one single market segment. Business decisions will be influenced by the macro environment. There can be an impact on spending, investing, and borrowing activities when a macro environment is present.
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Answer: General
Explanation: I just did it
which of the following is not one of the three main restructuring strategies? a. downsizing b. realigning c. leveraged buyouts d. downscoping
Downsizing is not one of the three main restructuring tactics.
What is Downsizing?Downsizing is not always involuntary. It is also used at other stages of the business cycle to create leaner, more efficient businesses. Eliminating any part of an organizational structure that is not directly adding any value to the final product is a production and management philosophy known as lean enterprise.According to the production principles of lean enterprise, any component of a business enterprise that fails to directly benefit a final product is superfluous. What is valuable (and conversely, what is not valuable) is determined by the customer based on the amount they are willing to pay for a good or service.Downsizing can also be carried out to align the firm's skill and talent with the broader market. For example, a company may pursue downsizing to weed out employees with obsolete skills that may not be useful in its future direction.To learn more about organizational structure refer to:
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true or false: because employee performance is so important to organizations, senior management consistently supports performance management procedures.
Senior management does not support performance management procedures for employee performance . Thus, the statement is false.
What is performance management?Performance management is a corporate management tool that allows managers to monitor and evaluate the work of their employees. The goal of performance management is to create an environment in which people can perform to the best of their abilities and produce the highest-quality work in the most efficient and effective manner.
Businesses require effective performance management. It assists them in aligning their employees, resources, and systems to meet their strategic objectives through both formal and informal processes.
Therefore, to align the employees with the objectives of the organization, senior management consistently supports performance management procedures.
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When purchasing her new car, molly traded in her previous car, which was a buick in good condition. the dealer offered her 80% of the listed trade-in value for her car, giving her a total of $1,340.80. what was molly’s previous car?
The value of Molly's car, given the trade - in value and percentage of the previous car, can be found to be $ 1, 676
What is a trade - in value ?The car that customers trade in when they purchase a new car from the dealership is known as a trade-in. The trade-in value that a dealer will typically offer for the car is almost always less than the market value that you could obtain by selling it privately.
A well-kept example of a well-liked model may be a trade-in, which the dealer can repair and resell on the used car lot for a profit. Second, the dealer is facilitating the customer's decision to purchase the new vehicle. Any other justification for accepting a trade-in entails extra work, extra expense, and unpredictability for the dealer.
The trade - in value for Molly's car can be found by the formula :
= Listed trade in value of Molly's car / Percentage of the car
= 1, 340.80 / 80 %
= $ 1, 676
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steve and craig have been shipwrecked on a deserted island in the south pacific. their economic activity consists of either gathering pineapples or fishing. we know steve can catch four fish in one hour or harvest two baskets of pineapples. in the same time craig can reel in two fish or harvest two baskets of pineapples. if they each spend four hours a day fishing and four hours a day harvesting pineapples, how many of each will steve produce? how many will craig produce? what will their total production be?
Craig will generate 8 fish daily and 8 carriers of pineapples, bringing the combined production to 24 fish and 16 baskets per day. He will provide 16 fish daily and 8 receptacles of pineapples.
What are some economic examples?The social science of economy focuses on the analysis of resource scarcity. It examines variables that have an influence on how products and services are produced, distributed, and received in an economy. It investigates how people, organizations, and governments distribute limited resources.
Briefing:Steve grows eight baskets of pineapples and four fish (four fish per hour) in four hours (4 hours x 2 baskets per hour). Craig makes eight fish (four hours at two fish each) and eight baskets of pineapples each day (4 hours x 2 baskets per hour). A total of 24 fish as well as 16 bags of pineapples are produced each day.
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using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful accounts is an $11,000 debit before adjustment, what is the balance after adjustment?
$66,000 is the adjusted balance. One method credit card companies employ to estimate a cardholder's finance account is adjusted balance.
One of numerous ways used by credit card companies to determine a cardholder's finance charge is the adjusted balance. The latter is the cost incurred when a cardholder doesn't pay their entire balance by the due date of each month, choosing instead to carry a load from month to month.
The current billing cycle's payments and credits are deducted from the prior balance at the end of the previous billing cycle when determining your financing charge using the adjusted balance method. The adjusted amount does not include any new charges that are accrued during the billing period.
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according to the resource-theory of the firm discussed in mcnett's article the ethics of workplace diversity, the main reason for an organization to have a more diverse workforce would be
To draw in the most exceptional and varied talent that can give one a competitive edge in various areas.
How do you define resource-based theory?
According to resource-based theory, a corporation is best positioned for long-term success if it has access to valuable, uncommon, difficult-to-replicate resources. These strategic resources can act as a springboard for developing solid competencies that, over time, may result in improved performance.
What does the word "resources" mean?
It means a source of supply or support—an option. A natural source of riches or income; generally used in the plural. Frequently used in the plural.: a natural phenomenon or feature that improves the standard of living for people.
The original question is:
According to the resource theory of the firm discussed in McNett's article the ethics of workplace diversity, the main reason for an organization to have a more diverse workforce would be _______.
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a contract under which a seller forbids a buyer to purchase products from the seller's competitors is a tying arrangement. true false
The statement is false, that a contract under which a seller forbids a buyer to purchase products from the seller's competitors is a tying arrangement.
A tying arrangement happens when a vendor makes the purchase or lease of one good or service contingent on the customer's acceptance of the purchase or lease of another good or service through a legal provision or technological restriction. When the buyer purchases the two items in an unfixed or unspecified proportion, as in a "requirements tie-in" transaction, economists use the word "tying" most frequently.
Typically, a bundled sale is one in which the items are only offered in predetermined ratios (e.g., one pair of shoes and one pair of shoe laces or a newspaper, which can be viewed as a bundle of sections, some of which may not be read at all by the customers). Another name for bundling is "package tie-in." The phrases "tying" and "bundling" are occasionally used synonymously in American case law.
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how would you respond to a naysayer that says store business and concessions business will go down if we give out free hats and free food as part of group sales packages?
would let them know that it's a misconception Offering free food or drinks adds value to the customer without discounting products or services.
What is meant by products?
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods.A form of product that is also considered is a service.In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.Product liability may apply to hazardous goods, particularly physical ones that harm users or bystanders.To learn about products refer to
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country a has a comparative advantage over country b in the production of shoes, if a. country a can produce shoes at a lower monetary cost than country b can. b. country a can produce shoes using fewer resources than country b can. c. the demand for shoes is higher in country a than in country b. d. country a can produce shoes at a lower cost in terms of other goods than country b can.
Country a has a comparative advantage over country b in the production of shoes, Country A can produce shoes at a lower cost in terms of other goods than other B.
What do you have been comparative advantage?
In an economic model, agents who can produce a particular good at a lower relative opportunity cost or autarky price—that is, at a lower relative marginal cost before trade—have a competitive advantage over rivals. Someone has a comparative advantage if they can produce something for less money than anyone else. Superiority in a particular field is different from comparative advantage.To know more about Comparative advantage here
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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $38,000 that will produce an estimated 230,000 units over its useful life. the estimated residual value of the machine is $2,000. what is the depreciation rate per unit?
The depreciation rate per unit for Heatherbrae Co. is $0.133. The unit-of-production depreciation method estimates the depreciation expense per unit by dividing the depreciable amount by the estimated useful life of the asset.
For each period, the depreciation expense per unit is multiplied by the units of production to determine the period's total depreciation expense.
Data and Calculations:
Cost of machine = $48,000
Residual value = $4,000
Depreciable amount = $44,000 ($48,000 - $4,000)
Estimated useful life in units = 330,000
Depreciation expense per unit = $0.133 ($44,000/330,000)
Thus, the depreciation rate per unit for Heatherbrae Co. is $0.133.
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how to calculate federal funds target rate with target inflation rate current inflation rate real equilibriujm federal funds rate and output gap
When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.
How are federal funding rates targeted determined?The Taylor Rule is a formula that central bankers can use to calculate what their overnight interbank lending rate goal should be based on variables including actual inflation, an inflation objective, actual output, potential production of the economy, and an estimate of the equilibrium real fed.Maintaining stable pricing is one of the Fed's primary objectives, along with low unemployment. Since 1996, Fed policymakers have often held the position that their goal was to achieve an inflation rate of about 2%.When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.To learn more about Federal funds rate refer to:
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Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate is the rate at which banks lend their reserves to other banks overnight. The Federal Reserve sets the target federal funds rate, which is currently 150 points or 1.50 percent.
The federal funds rate is calculated using the real equilibrium funds rate, which is the federal funds rate that balances the economy in the long run.
The real equilibrium federal funds rate is determined by several factors, including the target inflation rate, the current inflation rate, and the output gap.
The formula for calculating the federal funds target rate is as follows:
Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
where:
Real Equilibrium Federal Funds Rate = Federal Funds Rate that balances the economy in the long run
Target Inflation Rate = The inflation rate targeted by the Federal Reserve
Current Inflation Rate = The current rate of inflation
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate target can be adjusted by the Federal Reserve depending on the state of the economy and inflation levels.
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alphabet company, which uses the periodic inventory method, purchases different letters for resale. alphabet had no beginning inventory. it purchased a thru g in january at $9.00 per letter. in february, it purchased h thru l at $11.00 per letter. it purchased m thru r in march at $12.00 per letter. it sold a, d, e, h, j and n in october. there were no additional purchases or sales during the remainder of the year. if alphabet company uses the weighted average method, what is the cost of its ending inventory? (round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)
Using weighted average method, the cost of its ending inventory is $67.
Ending inventory = 5.56* 12 = 67
Weighted average method:
The weighted average considers the relative frequency or relevance of particular variables in a data set.
Sometimes a weighted average is more precise than a basic average.
In a weighted average, the allocated weight is multiplied by each data point value, which is then added together and divided by the total number of data points.
Because of this, a weighted average can increase the accuracy of the data.
Investors in stocks use a weighted average to keep track of the cost basis of the shares they have acquired over time.
A weighted average, as opposed to a basic average, takes into account the relative weight or contribution of the items being averaged. As a result, it assigns more weight to the average items that happen relatively more frequently.
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define the term structural unemployment and distinguish it from frictional and demand-deficient unemployment. why might structural unemployment fall w
The business cycle is not only factor contributing to structural unemployment. Over past thirty years, United States has lost hundreds of thousands of well-paying manufacturing jobs as result of production shifting to countries like China with lower cost of living.
What is structural unemployment?Structural unemployment, a form of involuntary unemployment, results from a mismatch between the capabilities that employees in the economy can provide and those that employers seek in employees. Cyclical unemployment and frictional unemployment are the other two types of unemployment that economists have identified. One of these categories is structural unemployment. Because it necessitates either migration or retraining, structural unemployment can be challenging to overcome. Contrary to structural unemployment, which can be caused by short-term changes in demand from different industries, cyclical unemployment is caused by short-term variations in the overall labor market. Structural unemployment is frequently caused by people's inability to change industries, but it can also happen within sectors as technology changes the nature of work in a given field.
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one country on the top-ranking and one country on the bottom ranking of the gdp(nominal) and reasons
Answer:
There are common factors which work in economy making either an economy to be a top ranking GDP or bottom ranking GDP. Following are the factors.
1. Investment- If the investment by the individuals takes place in regular mode takes place in an economy then the rise in GDP can be seen and if the vice versa happens the GDP falls.
2. Standard of Living- If the unemployment rate is low in the economy and based on employment level the demand does not fall in the economy then a GDP of an economy rises.
3. Government Expenses- If the government is making expenses to maintain the demand and the production level in the economy then the GDP of the economy can rise and if it all does not happen then GDP can fall.
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Explanation:
on january 1, forward company issues bonds that have a $22,000 par value, mature in 4 years, and pay 8% interest per year. interest payments are paid to bondholders semiannually on june 30 and december 31. how much interest does forward company pay to bondholders every six months if the bonds are sold at par?
Th interest that Forward company would pay bondholders every six months is $880.
What is the interest that would be paid every six months?A bond is a debt instrument that is used by firms to raise the capital that is needed for business activities. People who purchase bonds are known as bondholders.
Bondholders receive interest at regular predetermined time intervals. Interest is the compensation that is received by the bondholders for giving the borrower their funds. The interest received is a function of the interest rate and the par value of the bond. At the maturity of the bond, the bondholder is paid back the par value of the bond.
Interest = (interest rate / 2) x par value
Interest = (8% / 2) x 22,000
Interest = 4% x 22,000
Interest = 0.04 x 22,000
Interest = $880
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a real estate investment is available at an initial cash outlay of $100,000, and is expected to yield cash flows of $33,438.10 per year for five years. the internal rate of return (irr) is approximately:
An investment in real estate is accessible for a $100,000 initial cash outlay and is predicted to generate $33,438.10 in cash flows over the course of five years. About 20% is the internal rate of return (irr).
Describe real estate.Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.
Real estate includes land, the houses on it, and any natural resources such as crops, minerals, or water. It also includes immovable property of this kind, such as houses or other housing that meets common definitions of real estate.
Real property includes tangible personal property, which is something you own that is tied to a piece of land. It often comprises of any assets on the property, including water or minerals, and is suitable for residential, commercial, or industrial uses.
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A marketing plan includes this marketing objective: "Create positive feelings
about our brand." What is the main problem with this objective?
Answer:
The main problem with this objective is that it is too vague and does not provide any specific target or measure for success. "Positive feelings" are subjective and can vary greatly from person to person, making it difficult to accurately track and measure progress towards this objective. A more specific and measurable objective might be something like "Increase brand awareness by X% among target audience within Y months" or "Increase customer satisfaction ratings by X% within Y months."
the corporate charter of whispering winds corporation allows the issuance of a maximum of 100,000 shares of common stock. during its first two years of operations, whispering winds sold 61,300 shares to shareholders and reacquired 4,800 of these shares. after these transactions, how many shares are authorized, issued, and outstanding? whispering winds corporation is authorized to sell shares. whispering winds has shares issued. whispering winds has shares outstanding.
Luney Corporation has been granted permission to sell 100,000 shares. Luney has issued 70000 shares. Luney has 63000 shareholdings in circulation.
What exactly do users mean by "shares"?
Shares are equity ownership units in a corporation. Shares arise as a capital product for some companies, providing for an equitable split of any residue left profits, if any are proclaimed, in the dividend form. Stockholders of a shares that doesn't pay dividends are not entitled to a profit distribution.
What are the various kinds of shares inside a limited partnership?
Ordinary stock.Non-voting stock.Preferences are distributed.Shares that are redeemable.To know more about Shares visit:
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consider the demand for cereal. when price is $4.25/box quantity demanded is 1200 boxes. price increased to $5.25/box and quantity demanded fell to 1000 boxes. what is the elasticity of demand?
Demand is considered to be relatively inelastic, or not highly responsive to price changes, if the quantity demanded is smaller than the percent change in price.
What does demand look like?Key Learnings. According to the economic principle known as the law of demand, customer demand for just a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
Is a demand a request?It might be simple—and tempting—to employ demands rather than requests, even if you believe you comprehend the distinction on an intellectual level. A request is when you formally, politely, or respectfully ask for something. A call is a strong declaration in which you request something.
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