I still have 119.04 things on hand if I maintain my inventories at a continuous 128 items and decide to cut it by 7%.
How does inventory work?to create a thorough inventory of all the items and property that a person or company owns: Before any additional transactions could be conducted, the judge ruled that all property must be inventoried. (The Cambridge Business English Dictionary, published by Cambridge University Press, defines inventory.)
What are some inventory fundamentals?The materials or "things" your company has are the simplest definition of inventory. There are two types of these: physical (items and raw materials) and intangible (e.g., software). Most of the time, when we talk about stocks, we involve simply all the items that the company has stored.
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an increase in the incomes of our trading partners will: question 9 options: a) shift ad to the right. b) none of the answer choices are correct. c) shift as to the right. d) shift ad to the left.
An increase in our trading partners' incomes will The aggregate demand curve would change direction.
Why is it crucial to have trading partners?
Most people are aware of the advantages of exporting, but Americans also gain from imports from America's trading partners. They increase consumers' purchasing power by enabling them to trade for a larger range of commodities at lower prices.
What is a trading partner, exactly?
An organization that transacts online business with other companies is referred to as a trading partner. To automate the secure exchange of business documents with trading partners, Sterling B2B Integrator needs to know certain details about such partners.
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what were some of the effects of the trade policy changes under gatt? multiple select question. tariffs were reduced by 33% on average. intellectual rights were given more protection. quotas on agricultural goods were phased out. tariffs replaced quotas on apparel and textiles.
Quotas on clothing and textiles were superseded with tariffs. The average reduction in tariffs was 33%. More protections was provided to intellectual property rights.
Why is commerce so crucial?Trade is essential to the prosperity of the United States so it boosts economic expansion, promotes domestic industry, raises living standards, and enables citizens to sustain their families with reasonably priced items and services.
What exactly does trading in commerce mean?Any action conducted to generate money from the sale of things or the provision of services falls within the definition of industry or business. It is not restricted to integrated aggregation of assets, operations, and goodwill that constitute companies for the purposes of other Internal Revenue Code sections.
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ref 29-7 charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that the reserve requirement is 20% and that banks do not hold excess reserves. (scenario: money supply changes ii) by how much will the money supply contract as a result of the withdrawal?
When the $8,000 deposit was lying in the bank, no excess reserve existed. As $8,000 is withdrawn, there is an $8,000 decrease in deposits and an $8,000 decrease in reserves.
A deposit is an act of setting cash (or coins equivalent) with a few entities, most typically with a monetary organization, which includes a financial institution. The deposit is a credit score for the birthday celebration (man or woman or agency) who placed it, and it can be taken lower back (withdrawn) according to the phrases agreed at the time of deposit, transferred to a few different birthday celebrations, or used for a buy at a later date.
A call for deposit is a deposit that can be withdrawn or in any other case debited on brief observation. Transaction accounts (known as "checking" or "current" accounts relying on the united states of America) may be used to pay different parties, whilst savings accounts are generally payable simplest to the depositor or some other bank account and might have limits on the frequency of withdrawal.
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an internet provider has been the only one available in the county for many years. a small startup has recently opened, offering customers internet at a much lower rate. the original internet provider buys the building that is being rented by the startup and raises their rent to an unfair amount. this makes it impossible for the startup to stay in business. if brought to the attention of authorities, what kind of crime would the company most likely be accused of? question 32 options: false advertising restraint of trade price fixing fraud
If brought to the attention of authorities restraint of trade would the company most likely be accused of.
Which of the following would constitute a professional occupational crime?Despite the fact that there are many different criminal behaviors that can be classified as occupational crimes, white collar crimes including embezzlement, money laundering, tax fraud, and the exploitation of corporate data or assets are the most prevalent.
This would include stealing business property or submitting fake expense claims. These are professional criminal acts committed in the course of their profession. For instance, a physician or psychologist may overcharge an insurance provider in order to increase their revenues.
Here are several precautions that business owners can take. The three main types of occupational fraud are misappropriation of assets, corruption, and financial statement fraud. Occupational fraud is sometimes referred to as workplace fraud, internal fraud, or employee fraud.
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fully grown parent cells split into two halves resulting in two daughter cells with the exact dna as the parent.
Binary fission involves the division of the parent organism into two halves.
What precisely is binary fission?Binary fission is asexual reproduction in which the organism is divided into two new bodies. An organism copies its genetic material, or deoxyribonucleic acid (DNA), in the process of binary fission, and separates into two pieces (cytokinesis), with each new organism acquiring one copy of DNA.
What is a fission example?In the fission process, energy is produced by dissolving large atoms, like uranium, into smaller atoms, like iodine, caesium, strontium, xenon, and barium, to mention a few. To create the heavier helium, fusion combines light atoms, such as the deuterium and tritium isotopes of hydrogen.
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if you want to have $2,500 in two years, how much money should you deposit each month if you can earn 5% per year (assume monthly compounding)?
If you want to have $2,500 in two years, you should deposit 99.26 each month if you can earn 5% per year.
What is meant by money deposit?Money held in a bank is referred to as a deposit in the financial industry. When money is transferred to another party for safekeeping, the transaction is known as a deposit. A part of money, however, that is used as security or collateral for the delivery of a good is referred to as a deposit.
Exactly what does a bank deposit entail?You make a deposit when you add money to your bank account. To build savings and generate interest, you should put money in a bank. For money you can withdraw at any time, a demand deposit is made. A time deposit is an investment for the long term.
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there are three basic business valuation approaches. they are the income approach, the market approach, and the book value approach. group of answer choices true missing excess earnings false it depends
There are three basic business valuation approaches. they are the income approach, the market approach, and the book value approach is a False statement.
What is business ?
A business is an organisation or entrepreneurial entity that engages in commercial, industrial, or professional activities. Businesses can be nonprofit organisations or for-profit enterprises. Among the many business structures are partnerships, corporations, limited liability companies, and sole proprietorships.
There are three basic business valuation approaches. They are the income approach, the market approach, and the book value approach is a false statement.
There are three approaches for valuing a company:
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Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
a. True
b. False
The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.
Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.
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assume that each of the following individuals has a diagnosis of bulimia nervosa. which one of them is most likely to engage in an episode of binge eating at this point? group of answer choices diane, who is watching television and feels sleepy as she listens to the reports of political polls suchira, who just won a scholarship to the college she wanted to attend and is going out to celebrate penelope, who is upset over failing two exams and just had an argument with her parents farrah, who is working what will happen to her town now that a major employer has cut back on jobs
This Standard's goal is to provide the accounting treatment of intangible assets that aren't covered in-depth by another Accounting.
What types of assets are intangibles?An asset that lacks a physical form is said to be intangible. It is a long-term asset with annual value growth. Intellectual property, name recognition and image, relationships, or goodwill are a few examples of intangible assets.
What are assets, both tangible and intangible?Equipment and inventory are examples of tangible assets, whereas valuable intangible assets are assets that cannot be seen (such as trademarks). Assets can be purchased and traded and both assets have value. A tangible asset's value can be determined more readily than an intangibles.
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The Federal Reserve is worried about rising prices, so it has decided to decrease the money supply. The government wants to encourage economic growth, so it has decided to cut taxes. This situation shows that the Federal Reserve and the government can have _____ goals.
The Federal Reserve has chosen to reduce the amount of money in circulation because it is concerned about growing prices. The administration has chosen to reduce taxes in order to promote economic growth. This instance demonstrates how the objectives of the Federal Reserve and the state can diverge.
What is Economic growth?The rise or improvement in the market value of the commodities and services generated by an economy within a fiscal year is referred to as economic growth. Statisticians typically gauge this growth as a percentage rate of growth in the real GDP, or gross domestic product.
To remove the distorting influence of inflation on the prices of produced items, growth is typically calculated in real terms, i.e., terms adjusted for inflation. National income accounting is used to calculate economic growth. The benefits and downsides of that approach are present since economic growth is calculated as the annual percent change of GDP. Utilizing the GDP to population ratio, it is common practice to compare the economic growth rates of various nations.
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what type of tariff is applied to an import, with the purpose of raising money for the federal government?
Type of tariff that is applied to an import, with the purpose of raising money for the federal government is revenue tariff.
What is the revenue tariff?
As governments need huge resources to achieve their goals, they have to look for revenue from various sources. Governments operate public agencies to carry out a wide range of activities that are believed to improve the welfare of the population.Investments in infrastructure, human resources and numerous materials and services are required, so citizens and businesses are obliged to finance them. All taxes provide revenue, but some are specifically designed and implemented for this purpose. The common revenue tariff is a tax on imported goods in the form of a valorem tariff.To know more about revenue tariff, click the link given below:
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When a company is looking for growth opportunities, which of these steps should it take first?
a. Consider whether it could gain more market share with its current products in their current markets using a marketpenetration strategy
b. Consider considers whether it can find or develop new markets for its current products using a market-development strategy
c. Consider whether it can develop new products for its current markets with a product-development strategy
d. Consider whether it should develop new products for new markets through a diversification strategy Consider whether it should strengthen its brands by consolidating diverse product lines
When a company is looking for growth opportunities, which of these steps should it take first b. Consider considers whether it can find or develop new markets for its current products using a market-development strategy.
market development strategy is a increase strategy put in area with the aid of groups or companies to introduce their product or technique to target audiences they've no longer yet reached or aren't yet currently serving.
for example, permit’s say your software corporation has a brand new product offering available.
so one can come up with a marketplace improvement method, you need to research who the brand new product would paintings great for, and the quality manner to goal them — that, in a nutshell, could be your marketplace development method. There are numerous factors to don't forget when figuring out in case your organization is ready to broaden a new marketplace development approach to your product.
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robin company had net income of $67,000. the company had 9,000 weighted average common shares outstanding. the basic earnings per share equal $7.44 per share. group startstrue or false
True. The basic earnings per share is calculated by dividing the net income by the weighted average common shares outstanding. In this case, $67,000 divided by 9,000 = $7.44 per share.
What is share?Share is the act of giving something of value, such as a portion of a company's profits or ownership, to someone else. It is also the process of owning and trading stocks, bonds, or other investment instruments with the expectation of earning a return on the investment. Shareholders are individuals who own shares in a publicly traded company, and they are typically entitled to a portion of the company's profits and voting rights in company matters. Companies typically issue shares to raise capital for business operations, and the shareholders will benefit from any positive return on the investment. Shareholders also have the obligation to bear any losses the company may incur.
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panera bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items. these are examples of:
This kind of innovation in the product is called incremental innovation. This is a type of change done as focuses on improvement in an existing product. This increases efficiency and productivity to meet current competition in the market.
Incremental innovation helps in the improvement of products according to the market position. It has become a common method to increase and attract consumers and survive in competition with their opponents in the long run of production. It is considered an important factor that determines the future and success of the business enterprise.
Hence , we can conclude that the business should keep the innovation mode on and always be attentive to learn about upcoming new trends to grab earlier opportunities.
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True or False?
A true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),
it is homogeneous within the segment (exhibits common needs),
it responds similarly to a market stimulus, and it can be reached by a market intervention
It is TRUE to state that a true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),it is homogeneous within the segment (exhibits common needs),it responds similarly to a market stimulus, and it can be reached by a market intervention.What is a market segment?
Market segmentation is the process of breaking a large consumer or company market, often made up of present and future customers, into sub-groups of consumers based on some form of the shared trait.
Segmentation allows you to understand more about your audience and personalize your messaging to their tastes and requirements. Targeting a specific section of people who are likely to be interested in your content or product is far more successful than targeting a large number of people.
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the choices that a firm has for entering the international market include all of the following except: a. exporting. b. acquisition. c. licensing. d. leasing.
The alternatives that a company has for getting into the worldwide marketplace consist of all the following except:d. leasing.
The required details about leasing is mentioned in below paragraph.
A leasing is a legal, binding agreement outlining the phrases beneathneath which one celebration concurs to hire assets owned with the aid of using any other celebration. It ensures the tenant or lessee use of the assets and ensures the assets proprietor or landlord normal bills for a unique length in exchangeLease accounting is the method with the aid of using which a organisation data the economic affects of its leasing activities. leasing that meet particular class necessities ought to be recorded on a organisation's economic statements.Leasing is a manner of renting an asset that the enterprise requires, which include a espresso machine. Monthly bills are made and the leasing organisation is liable for the supply and protection of the leased item.
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find how many years it will take to pay off the mortgage if the amount of money outstanding on a $30,000 mortgage after n years if the interest rate is 8 percent and the yearly payment (paid at the end of each year after interest is computed) as $3,000.
If a $30,000 mortgage has an unpaid balance after n yrs, it will take 20 years to repay it off if the yield curve is 8% and the quarterly premium is $3,000 each year.
How does a mortgage work?When you and a lender get into a mortgage, the lenders is granted the power to seize your estate if you are unable to pay the balance of the loan plus interest. To purchase a property or borrow more money against the value of a house that you previously own, you can use a mortgage loan.
Which six mortgage types are there?In India, there's many six main types of mortgages, including simple mortgages, possessory mortgages, English mortgages, bank loans based on conditional sales, bank loans based on land registry deposits, and irregular mortgages.
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A mnemonic is:
A. A way to multitask
B. A vocational certificate option
C. A tool that aids memory
D. A skill needed when writing papers
A mnemonic is: C. A tool that aids memory.
What is memory?In Psychology, memory can be defined as the ability of a living organism such as a human being to take in information through encoding, store it and then retrieve (recall) this piece of information at a latter time in the future.
Generally speaking, some of the effective and efficient ways to improve memory include the following:
Drill and practice.The use of mnemonic.Peg word systemElaborative rehearsal.In this context, we can reasonably infer and logically deduce that mnemonic is a tool which can be developed by living organisms in order to aid memory.
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credit control area is a key organization element unique to fulfillment process. group of answer choices true false
Credit control area is a key organization element unique to fulfillment process True.
What crucial organizational components are included in the fulfillment process?Client, company code, sales area, and plant are organizational components that are crucial to the fulfillment process.
What essential organizational components are present in a sales area?A sales region combines a division, a distribution channel, and a sales organization.
The fulfillment process is applicable to which organizational level?The basic data, sales organization data, and sales plant data are the three viewpoints that are pertinent to fulfillment. The client level defines the fundamental data. The material's name serves as an illustration. For combinations of sales organizations and distribution channels, sales organization data are defined.
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xyz, a us company has a subsidiary in korea. the korean sub sells inventory to a japanese company with the sale denominated in us dollars. between the date of sale and the date the receivable is collected the korean won strengthens 10% against the us dollar. explain if there is a foreign exchange gain or loss or no fx impact and why.
There is a foreign exchange loss in this scenario.
What is foreign exchange?Foreign exchange (Forex or FX) is the trading of one currency for another. It is the largest and most liquid financial market in the world. The Forex market is open 24 hours a day, five days a week, and is made up of banks, different commercial companies, central banks, hedge funds, investment management firms, and individual investors. In the Forex market, currencies are traded in pairs, such as the US Dollar and the Euro, or the British Pound and the Japanese Yen. When a trader buys or sells a currency pair, they are effectively buying one currency and selling the other. Forex trading is conducted over the counter (OTC) and is not centralized on an exchange, as with the stock and futures markets. Forex traders are seeking to make a profit by speculating on the value of one currency compared to another.
This is because when the Korean subsidiary sells inventory to the Japanese company, the sale is denominated in US dollars. However, between the date of sale and the date the receivable is collected, the Korean won strengthens 10% against the US dollar. This means that the US dollars the Korean subsidiary will receive are worth 10% less than they were when the sale was made. Therefore, the US company will incur a foreign exchange loss because they will receive less money than they expected.
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according to the systems viewpoint, the part of a system that involves turning raw materials and knowledge into a new and different product or service is called . multiple choice question. inputs outputs product and service feedback transformational processes
according to the systems viewpoint, the part of a system that involves turning raw materials and knowledge into a new and different product or service is called transformational processes.
Systems Viewpoint refers to systems and interconnections that provide or support DoD functions. The Department of Defense's functions include both warfighting and business functions. The Systems Models link system resources to operational and capability needs.
The transformation process aids in the improvement of an organization's management by implementing changes for the company's growth. It essentially entails various types of activities for adding various types of input into the system in order to produce effective products and services for customers. This is referred to as the transformation process.
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in 2009 the price index moves from 100 to 104, the inflation rate is . in 2010 the price index moves from 107 to 111, the rate of inflation is . this is an example of
The numerical results of a calculation based on a basket of goods can get a little messy. To simplify the task, the price level in each period is typically reported as an index number, rather than as the dollar amount for buying the basket of goods. Index numbers are unit-free measures of economic indicators. Index numbers are based on a value of 100, which makes it easy to measure percent changes. We’ll explain this shortly.
Inflation is calculated by taking the price index from the year in interest and subtracting the base year from it, then dividing by the base year. This is then multiplied by 100 to give the percent change in inflation.
[tex]Inflation (Price Index in Current Year Price Index in Base Year )[/tex][tex]^* 100$[/tex]
Price Index in Base Year
From our previous example:
[tex]$$\text { Inflation }=\frac{(120-100)}{100} * 100=0.2 * 100=20 \%$$[/tex]
Thus from 2006 to 2007 , inflation has risen[tex]$20 \%$.[/tex]
In this context, inflation is measured as a percentage change in the price index from one period to the next.
If the percentage change in the price index is negative it shows deflation rather than inflation.
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according to dr. jay nunamaker, regents professor and founding chair, uofa mis dept., what do mis/oscm (management information systems / operations and supply chain management) professionals really do?
Professionals really do is store, organize and analyze information and solving real problems.
What are the main purposes of using MIS in an organization?To assess, create, implement, and manage computerized information systems in an organizational setting, management information systems (MIS) blends computer technology with managerial decision-making techniques.The three processes that an information system uses to create the information an organization needs are input, processing, and output.MIS also refers to computer software that is used to store, organise, and analyze information in addition to being a department inside a firm. Systems for managing information are used to monitor sales, inventories, equipment, and other business-related data.Process control, office automation, enterprise resource planning, financial systems, and management reporting are some further examples of management information systems used in an organization.Learn more about management information systems refer to :
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given the same costs, the monopolist produces less output and charges a higher price compared to the purely competitive industry. what makes this possible for the monopolist and not the purely competitive industry? what is the impact on the society of each?
A single company has complete control over the supply and pricing of goods and services in a monopolistic market. In contrast to monopolistic markets, truly competitive markets are made up of numerous enterprises with no single firm controlling the market.
How do the pricing and output volume of a monopoly compare to those of a company with perfect competition?The major difference between a monopolist and a completely competitive firm is that, whereas marginal revenue equals price (MR = P) in the case of perfect competition, it does not in the case of a monopolist since variations in production quantity affect pricing.
How would a monopolist's expenses and output stack up against those of ideal competition?Price and marginal cost are equal in a market with perfect competition, making it impossible for businesses to turn a profit. In the case of a monopoly, the price is raised above the marginal cost, which generates revenue for the company. In a situation where perfect competition prevails, both the supply and price of an item are profitable economically.
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two wheeler dealer had sales totaling $198,464 last year. the cost of the goods sold was $177,228. expenses totaled $60,905. what was the net profit margin for the year?
The net profit margin for the two wheeler dealer in this question would be 30.45%.
How to find net profit margin ?Net profit margin is a financial ratio that reflects the percentage of total sales that represents the profit after all expenses have been subtracted. It is calculated by dividing the net profit (total sales minus all expenses) by the total sales for a given period of time, such as a year or quarter.
To find the net profit margin for the two wheeler dealer in this example, you can use the following formula:
Net profit margin = (Total sales - Cost of goods sold - Expenses) / Total sales
Plugging in the values given in the problem, we get:
Net profit margin = ($198,464 - $177,228 - $60,905) / $198,464
This simplifies to:
Net profit margin = ($60,331) / $198,464
Which is equal to:
Net profit margin = 0.3045 or 30.45%
So the net profit margin for the two wheeler dealer in this example would be 30.45%. This means that 30.45% of the total sales represents the profit after all expenses have been subtracted.
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question content area the primary budget in a nonmanufacturing business is the budget. a.selling and administrative expenses b.staffing
Staffing content area The budget is a non-manufacturing company's main budget.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A business is a creative organization or team that partakes in professional responsibilities. They might well be professional, industrial, or another type else.
What makes business so crucial?Our lives depend heavily on business. They start by producing things and services to meet our needs and desires. Then, they enlist homes as workers as well as treat them to earnings, salaries, and perks. As a result, it turns into a source of revenue for them, which they may utilize to maintain their way of life.
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The complete question is-
The primary budget in a nonmanufacturing business is the _____ budget.
a. selling and administrative expenses
b. staffing
c. capital expenditures
d. cash
a firm has an earnings retention ratio of 40%. the stock has a market capitalization rate of 15% and an roe of 18%. what is the stock's p/e ratio? group of answer choices 8.33 12.82 9.46 7.69
A firm has an earnings retention ratio of 40%. The stock has a market capitalization rate of 15% and an ROE of 18%. The stock's P/E ratio is P/E= 1-b/k-(ROE*b)= 7.69.
The formal name given to a found naturally organization of people with a particular goal, legally organized, or a mix of the two is a corporation, sometimes known as a co. The employees of the organization collaborate to accomplish definite objectives.
As long as the members of the business satisfy or fail to fulfil their responsibilities under the formation policy or public disclosure, a corporation may be established as a legal entity with limited liability. A company may need to be dissolved if it collapses in order to settle its obligations. When two or more firms join forces and register as a single new company, business combinations take place.
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you have $17,800 to invest and would like to create a portfolio with an expected return of 11.15 percent. you can invest in stock k with an expected return of 10.2 percent and stock l with an expected return of 13.8 percent. how much will you invest in stock k?
Having $17,800 to invest and to create a portfolio with an expected return of 11.15 percent. The amount to be invested in stock K with an expected return of 10.2 percent is $13,102.78.
Give a brief account on portfolio investment.Stocks, corporate and governmental bonds, real estate investment trusts (REITs), mutual funds, exchange-traded funds (ETFs), and bank certificates of deposit are just a few of the asset classes that fall under the umbrella phrase "portfolio investments." Owning a stock, bond, or other financial instrument as part of a portfolio involves the hope that it will generate income, increase in value over time, or both. In contrast to direct investment, which requires an active management role, it comprises hands-off or passive ownership of assets.
There are two broad categories of portfolio investments:
Purchasing financial assets with the goal of keeping onto them for a long period and doing so because of their long-term growth potential, income yield, or both, is known as strategic investment.In order to achieve short-term gains, the tactical strategy necessitates active buying and selling activity.To solve the question.
The solution is attached below.
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The complete question is mentioned below :
You have $17,800 to invest and would like to create a portfolio with an expected return of 11.15 percent. you can invest in stock k with an expected return of 10.2 percent and stock l with an expected return of 13.8 percent. how much will you invest in stock k?
Multiple Choice
$6,262.96
$4,110.07
$13,102.78
$12,010.88
$4,697.22
what compliance regulation is similar to the european union (eu) general data protection regulation (gdpr) of 2016 and focuses on individual privacy and rights of data owners?
This regulation is called the EU General Data Protection Regulation or GDPR, and is aimed at guiding and regulating the way companies across the world will handle their customers' personal information and creating strengthened and unified data protection for all individuals within the EU.
What do you mean by privacy?
Because privacy provides us the freedom to decide who to share our thoughts and feelings with, it is crucial. Our information is protected by privacy if we don't want it made public (such as health or personal finances). Protecting our physical safety through privacy (if our real time location data is private).Commonly, privacy is viewed as a private good, with my personal information being mine to safeguard and manage and yours being yours. This understanding of privacy leaves out a crucial element of the policy issue. A person who handles data carelessly exposes vast information about both herself and other people.To know more about privacy here
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blue fizz inc. sponsors every race that takes place at the sears racing track in orange county, california. the high-octane racing at sears is perfect for blue fizz to sell its energy drinks and to establish the desired brand image of the company. which type of promotion is evident here?
Event marketing promotion is evident here. Therefore, option (B) is the correct answer.
Event marketing is a form of advertising that involves direct interaction between businesses and consumers at gatherings like trade exhibitions, conferences, and seminars. Every event is distinct from the next in terms of its viewers, substance, and cultural makeup. It ought to be promoted in a distinctive manner as a result. The event marketer of the future must remain on top of the event marketing game to be successful.
There are several methods to use event marketing. The most obvious example is when a brand hosts events. Depending on the event kind, you may use it to identify new partners, generate leads, strengthen ties with clients and prospects, etc.
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Complete question:
Blue fizz inc. sponsors every race that takes place at the sears racing track in orange county, california. the high-octane racing at sears is perfect for blue fizz to sell its energy drinks and to establish the desired brand image of the company. Which type of promotion is evident here?
A) mass marketing
B) event marketing
C) point-of-purchase promotion
D) solution selling
E) advertising specialties
