To make a complex project report more manageable first outline the important elements to make as a thesis statement and splits responsibilities into different segments.
What is a report?
A Report refers to a document or statement that highlights the key issues or events of any organization and helps them to know the internal and external factors causing an effect on them.
To make a report effective and accurate it is important to have written communication skills that help an individual with a good vocabulary used in a precise manner to interpret the thought to the reader.
When a project report required deep research and analysis to provide information it is important to make an outlined plan about the task needed to be done which helps in framing the report elements.
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Ji-eun loves her car. Recently, she noticed her tires were getting worn. She took it into the dealership, where she was told that all her tires were worn and should be replaced. Ji-eun knows this will be a significant investment. She decided on getting the most expensive tires because they are high quality and she wants the best. She hopes she is making the right decision. At least she will not have to purchase tires for several more years, unless she gets a flat. Ji-eun’s involvement with her tire purchase is an example of ______.
In the example of the situation given above, the involvement of Ji-eun with her tire purchase can be regarded as an example of high involvement purchase. Therefore, the option C holds true.
What is the significance of high involvement purchase?A high involvement purchase can be referred to or considered as a purchase in which the consumer is highly engaged and active while taking the decision whether to purchase the product or not. This includes involvement to even the most minute details.
Therefore, the significance regarding high involvement purchase has been aforementioned.
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The missing options to the incomplete question have been given below.
A. low
b. moderate
c. high
D. none of these
The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce ______.
Alternative Goals
Alternative Goals
Alternative Goals
Determining the selling price in the global marketplace is an extremely difficult task. Many countries still have rules governing the ________, including those that affect pricing.
Determining the selling price in the global marketplace is an extremely difficult task. Many countries still have rules governing the competitive market place including those that affect pricing.
What is Competitive Market?
As a result of customer needs, a competitive market develops. In order to attract customers, organizations must analyze (and improve) their production costs, pricing policies, quantity, and quality. The forces of supply and demand are quite important in this system, just as they are in any market. However, the market is not controlled or influenced by a single customer or producer in a competitive market. Understanding that competitive markets are hypothetical and not actual is among the most crucial things to do. Although some markets meet the conditions and exhibit the traits of a competitive market or perfect competition, none of them actually do.
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Suppose you randomly choose two cards from a thoroughly shuffled deck. If you put the first card back in the deck before you draw the second, what is the probability that the first card is an ace and the second card is a king?.
If you draw two cards at random from a well-shuffled deck and then return the first one to the deck before drawing the second, the probability that the first card is an ace and the second is a king is 0.59 percent.
Following are the formulas for calculating the probability that the first card is an ace and the second card is a king:
Divide the anticipated results by all potential results to start.
The total number of outcomes is 52 because a deck contains a total of 52 cards.
4 aces and 4 king cards make up a deck.
The likelihood that the first card is an ace is therefore 4/52.
4/52 are the chances that a heart will be on the second card.
Multiplying the odds of an ace and a heart will yield the likelihood that the first card is an ace and the second card is a heart.
Probability equals (4/52)
(4/52)
Chance is equal to 0.0059.
when expressed as a percentage,
Probability is 0.0059 times 100.
Probability is 0.59%.
Hence the probability that the first card is an ace and the second card is a king is calculated to be 0.59%.
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When a government fines and/or imprisons persons convicted of using illegal drugs, the government is attempting to decrease the illegal drug trade by shifting the ________ curve for illegal drugs ________.
When a government fines and/or imprisons persons convicted of using illegal drugs, the government is attempting to decrease the illegal drug trade by shifting the demand curve for illegal drugs leftward.
The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common depiction will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis.
Demand curves and supply curves are frequently combined to determine the equilibrium price (also known as the market clearing price), the equilibrium quantity (the amount of that good or service that will be produced and purchased without surplus/excess supply or shortage/excess demand), and the behaviour of that market. Demand curves are used to predict behaviour in competitive markets.
There are several methods for estimating demand curves. The typical approach is gathering data on historical costs, yields, and demand-influencing factors like consumer income and product quality and applying statistical techniques, such as multiple regression.
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geyer company has the following account balances: accounts receivable: $40, accounts payable: $45, cash: $70, and notes payable: $65. if the notes payable balance is listed as $56 in the trial balance, what impact will this have on the accounts?
Credit side of the trial stability will be understated by using $9. Note Payable has a credit stability of $ sixty five via writing it as $56 it will understate the whole deposit cost by using $9 ( 65 - 56 ).
Trial will be imbalanced. Ultimately the Balance sheet will not balance, it will exhibit $9 greater belongings than the total fairness and liabilities. The observe payable is recorded in the liabilities area of the stability sheet which will be a reason of imbalance of stability sheet too.
What Do Accounts Payable and Accounts Receivable Have in Common?On the individual-transaction level, each and every invoice is payable to one birthday celebration and receivable to another party. Both AP and AR are recorded in a company's everyday ledger, one as a legal responsibility account and one as an asset account, and an overview of both is required to acquire a full picture of a company's economic health.
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https://brainly.com/question/13230311#SPJ4Consider the last three items that you purchased—what were they? Discuss each item and explore their costs, whether these items were necessities or impulse buys, whether these items were one-time purchases or if they will be purchased again soon, what led you to make the purchase, and what might prompt you to purchase this item again.
The last three items I bought were a crate of eggs, a ticket for a movie, and a scarf. Only the first item in this list is a necessity, while the other two items are associated with a different reason.
What were the last items I bought?The last items I bought were:
A crate of eggs because I had ran out of eggs and eggs are a basic item for good nutrition.A ticket for a movie due to entertaiment reasons.A scarf because I liked it when I saw it and I thought this was an useful item since days are getting colder.What are the characteristics of these purchases?Crate of eggs: The cost was $5, this is a necessity and it is likely I buy this product again in only some days.Ticket for a movie: The cost was $14, this is not a necessity and not a frequent purchase.Scarf: The cost was $12, this is not a necessity and not a frequent purchase.Learn more about the market in: https://brainly.com/question/13414268
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The firm that makes a key component of the iphone outsources production of it to india and taiwan because:_______
The firm that makes a key component of the iPhone outsources production of it to India and Taiwan because:- the part can be made cheaply, and the firm spends the savings on research and development
What is outsourcing?The term "outsourcing" refers to a contract in which one company contracts another company to handle a task that is already being performed or that could be performed internally and, on occasion, entails the transfer of assets and workers from one company to another.
The notion, which The Economist asserts has "made its presence felt since the time of the Second World War, frequently entails the contracting of a business process (for example, payroll processing, claims processing), operational, and/or non-core operations, such as manufacturing, facility management, and contact centers and call center support.
The act of turning over control of governmental services to private businesses, even on a temporary basis, is known as outsourcing.
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When a company records an adjusting entry for services previously recorded as deferred revenue, it records which two of the following?.
When a company records an adjusting entry for services previously recorded as Deferred Revenue, it records a:
credit to Revenuedebit to Deferred RevenueWhat is journal entry?A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.
In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;
DateReference number.Transaction description.Debit balance.Credit balance.What is Deferred Revenue?Deferred Revenue can be defined as a liability on the balance sheet of a business firm's which represents a previous payment made by its customers for goods or services that are yet to be supplied or delivered.
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Complete Question:
When a company records an adjusting entry for services previously recorded as Deferred Revenue, it records which two of the following?
credit to Deferred Revenue debit to Cash credit to Revenue credit to Accounts Receivable credit to Cash debit to Deferred RevenueIn the circular flow example, there are ________ un-employed people at the present time.
In the circular flow example, there are 5 unemployed people at the present time. A decline in overall demand or a shortage of available jobs on the market is two factors that can contribute to unemployment.
What are the effects of unemployment?The physical health of a person might suffer significantly from unemployment. Being unemployed is an extremely stressful condition, and as a result, it may result in stress-related health problems like headaches, high blood pressure, diabetes, heart disease, back pain, and sleeplessness.
There will be more money in the circular flow of income because more people are now earning wages as the unemployment rate decreased by 3% between 2013 and 2015. As the demand for the goods and services that businesses provide rises, this gain in revenue will lead to an increase in consumption.
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a company collected $200 cash from customers for services provided. this transaction would (debit/credit) the fees earned account, and debit/credit the cash account.
A company collected $200 cash from customers for services provided. this transaction would credit the fees earned account, and debit the cash account.
What is transaction money?The currency in which the client makes the payment is known as the transaction currency. A transaction currency is initially the decisive currency in the event of a dispute with the base currency. The demand for various currencies, from USD to ILS, varies across the world.
Sales made to consumers on credit and sales made in cash are two examples of these types of transactions. payment from a client after issuing an invoice. purchase of moveable and fixed assets.
Credit is a two-party transaction in which one (the creditor or lender) provides money, products, services, or securities in exchange for the other's commitment to pay in the future (the debtor or borrower). Interest is typically paid to the lender in such transactions.
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on december 5, the employees are paid for five days. record the journal entry on december 5 assuming that reversing entries are not used by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Dec 5:
Salaries Payable- $260 (debit)
Salaries Expense- $390 (debit)
Cash- $650 (credit)
The act of maintaining or creating records of any transactions, whether they are financial or not, is known as journal entry. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. The amount of the debits and credits must be equal in order for the journal entry to be declared balanced. Depreciation or bond amortization are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software. As a result, general ledger account balances are changed directly by journal entries.
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edmond, the ceo of hartman manufacturing, said to his new vice president of accounting, "in the past i had resistance to new ideas by employees who felt that our plans threatened their influence or their jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency. you also have to emphasize the fact that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of
Delling middle and supervisory managers on changes to overcome their resistance is often a necessary part. Two years after Samsonite, known for its smart, high-quality luggage and bags, acquired Hartmann from a private equity firm for $35 million.
The company is reviving the 137-year-old brand in the mass retail market. trying to get it started. Hartmann ends the year with 25 of his stores, starting with zero.
The Hartmann is known for creating distinctive luggage collections such as wings and tweeds associated with traditional American styles. Many of its products are manufactured in the United States and are now outsourced worldwide, mostly in China and other parts of Asia.
Hartmann is a Germanic and Ashkenazi Jewish surname. It is rarely used as a male-given name.
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allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products. may 3 allied made its first and only purchase of inventory for the period on may 3 for 1,000 units at a price of $9 cash per unit (for a total cost of $9,000). may 5 allied sold 500 of the units in inventory for $13 per unit (invoice total: $6,500) to macy company under credit terms 2/10, n/60. the goods cost allied $4,500. may 7 macy returns 50 units because they did not fit the customer’s needs (invoice amount: $650). allied restores the units, which cost $450, to its inventory. may 8 macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. allied gives a price reduction (allowance) and credits macy's accounts receivable for $250 to compensate for the damage. may 15 allied receives payment from macy for the amount owed on the may 5 purchase; payment is net of returns, allowances, and any cash discount.
Allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products.
Accounts receivable is 18,950
Calculation:
May 03 Merchandise inventory 20,000
Cash 20,000
May 05 Accounts receivable 21,000
Sales 21,000
May 05 Cost of goods sold 15,000
Merchandise inventory 15,000
May 07 Sales returns and allowances 1,750
Accounts receivable 1,750
May 07 Merchandise inventory 1,250
Cost of goods sold 1,250
May 08 Sales returns and allowances 300
Accounts receivable 300
May 15 Cash 18,570
Sales discounts 379
Therefore Accounts receivable 18,950
What is Accounts receivable?Customers' outstanding balances for goods or services for which an invoice has been issued are known as accounts receivable. On the balance sheet, the total amount of all accounts receivable is shown as current assets and includes invoices that clients owe for goods or services provided to them on credit.
One instance of accounts receivable is a utility company that bills its customers after they have used the electricity. While it waits for its customers to pay their bills, the electric company records an account receivable for any unpaid invoices.
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identify the three steps in activity-based costing rank these in the correct order. instructions choice 1 of 3. compute an overhead activity rate for each activity cost pool. toggle button compute an overhead activity rate for each activity cost pool. choice 2 of 3. identify activities and assign budgeted costs to activity cost pools. toggle button identify activities and assign budgeted costs to activity cost pools. choice 3 of 3. allocate overhead costs to cost objects. toggle button allocate overhead costs to cost objects.
Steps for activity-based costing are as follows:
Determine the activities and the overhead expenses they result in.Track down activity cost pools using overhead expenses.Calculate the rates of overhead allocation for each activity.To assign overhead expenses to cost objects, use the activity overhead rates (products).What is Costing?Costing is often the outlay made for producing a good or service that a business sells.A customer's willingness to pay for a good or service is reflected in the price.The price of a product and the profit made from its sale are directly correlated with the cost of manufacturing that thing.Cost is often the outlay made for producing a good or service that a business sells.The price of the raw materials required to make a product may be included in the manufacturing cost.A product's pricing and the profit made from each sale can both be directly impacted by the cost of production.Steps for activity-based costing are as follows:
Determine the activities and the overhead expenses they result in.Track down activity cost pools using overhead expenses.Calculate the rates of overhead allocation for each activity.To assign overhead expenses to cost objects, use the activity overhead rates (products).To know more about Costing, refer to the following link:
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If auditors expressed a disclaimer or adverse opinion on the complete set of financial statements, an unmodified opinion ______ be expressed on a single financial statement.
If auditors expressed a disclaimer or negative opinion on the entire set of financial information, an unmodified opinion cannot be expressed on a single financial statement.
When an auditor communicates an adverse opinion?The auditor shall express an unfavorable opinion when the auditor, having obtained sufficient appropriate audit evidence, supposes that misstatements, singly or in the aggregate, are both material and pervasive to the financial information.
Unmodified OpinionsAn unmodified opinion means that the auditor was comfortable with the financial statements audited. This means that the statements met the conditions demanded by the limitations and they were prepared by accounting principles, benchmarks and standards.
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Lamonte needed to get his computer fixed. he took it to the repair store. the technician at the store worked on the computer for 4.25 hours and charged him $141 for parts. the total was $544.75. what was the cost of labor, per hour?
Answer:
Explanation:
$544.75- $141= $403.75
$403.75 divided by 4.25= 95
4. INTEGRATING INFORMATION How did factories
contribute to increased labor productivity? Include at least
one detail from the text and at least one detail from the
accompanying illustrations?
Three primary variables are necessary for increasing worker productivity: saving for and investing in physical capital, new technology, and human capital.
Increases in the standard of labour (i.e., human capital), increases in the amount of physical capital, and technical advancements can all lead to increases in output per hour of labour.
When more output is generated using the same number of inputs or when the same amount of output is produced using fewer inputs, productivity increases.
Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labour hours thanks to productivity gains. An economy may create and consume more goods and services for the same amount of effort when productivity is growing.
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Your marketing team is currently working through the target market selection process to identify which customers your firm will target with a new technology product being developed. You are currently in the process step where you must consider the target market characteristics, the product attributes, and the firm’s objectives and resources. Which of the five steps in the target market selection process are you currently working on?.
The 5 Steps Involved in the Target Market Selection are as follows: -
STEP - 1: Determine the Proper Targeting Strategy
STEP - 2: Choose the segmentation variables you want to use
STEP - 3: Create market segment profiles
STEP - 4: Assess the Appropriate Market Segments.
STEP - 5: Choose Particular Target Markets
The phrase "target market selection" is frequently used in connection with the creation and introduction of new products. It is a crucial phase of the product or service launch since it helps to focus the marketing strategy, which in turn helps the product or service succeed in the market.
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internet privacy has become a major issue. in fact, in europe there are privacy laws such as general data protection regulation (gdpr) to regulate data protection and privacy. the united states does not have comparable laws to protect consumer privacy on the internet. collecting this information is beneficial for firms because then they can tailor marketing messages that better fit their users' needs. these better marketing campaigns can provide them with a competitive advantage. acme corporation uses cookies and other devices to collect information. its privacy policy explicitly informs users that it collects information. however, most people do not read through the policy. lately, some consumers have complained because they are worried that their information could be compromised. they question the security of the site. acme wants to restore confidence and prove that it has controls in place.
This problem involves an environmental force of a technological kind.
What are the forces of the environment?The elements of a company' environment that have an impact on its operations are called environmental forces. The state of the economy, local politics, consumer spending, and labor force education are a few examples of external environmental elements that might have an impact on company.
Is technology a force for the environment?As a result, one of the most important macro-environmental influences in the modern world is technology. As previously said, the information available to consumers has greatly influenced their purchasing behavior.
What does the term "technical environment" mean?The term "technological environment" describes how output, production processes, equipment usage, and product quality have changed over time. It encompasses force associated with technological advancements in production as well as product and scientific advancements.
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This is the correct question:
Internet privacy has become a major issue. In fact, in Europe there are privacy laws such as General Data Protection Regulation (GDPR) to regulate data protection and privacy. The United States does not have comparable laws to protect consumer privacy on the internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place.
What type of environmental force does this issue involve?
Operations management is a specialized area in management that converts resources into ____________
Operations management is the specialized area in management that converts or transforms resources into goods and services.
What is Operations management?
Operations management can be defined as the process of effectively and efficiently managing a business operation leading to smooth running of the business.
Operations management as well as to do with supervising, managing and controlling production process or the production of goods and services.
Therefore Operations management is the specialized area in management that converts or transforms resources into goods and services.
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price mo and price fw. randomized, double-masked, pilot study of netarsudil 0.02% ophthalmic solution for treatment of corneal edema in fuchs dystrophy. am j ophthalmol. 2021;227:100-5.
'Randomized, Double-Masked, Pilot Study of Netarsudil 0.02% Ophthalmic Solution for Treatment of Corneal Edema in Fuchs Dystrophy' is a research paper by Marianne O Price and Francis W Price Jr.
What is Corneal Edema?The clear, dome-shaped corneal surface of the eye, which aids in clear vision, experiences a swelling condition known as corneal edema. A accumulation of fluid in the cornea is what causes this illness. Corneal edema can cause cloudy vision if it is not treated.
Vision becomes cloudy and blurry as a result of fluid buildup in the cornea. The worst of these effects occur when you first get up in the morning, but they gradually get better over the day as your eyes continue to stay open and the cornea dries out.
Other signs of corneal edema may consist of:
light sources surrounded by rings or halosocular discomfortthe impression that something is stuck in your eyeTo learn more about corneal edema visit:
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because they can move assets and jobs from country to country, mncs typically over the economies, politics, and culture of the countries in which they do business.
MNCs frequently have a significant influence on the economics, governments, and cultures of the nations in which they conduct business because they have the ability to relocate assets and employment from one nation to another.
What is a Business?A company or entrepreneurial entity that engages in business, industrial, or professional activity is referred to as a business.Both for-profit and nonprofit organisations can operate as businesses.Limited liability firms, corporations, partnerships, and sole proprietorships are all examples of different business structures.While some firms operate as tiny operations in a particular industry, others are massive operations that span a variety of industries globally.Examples of well-known, prosperous companies are Apple and Walmart.A company that works for industrial, commercial, or professional purposes is sometimes referred to as a business.To know more about Business, refer to the following link:
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One weakness of interactionist theory is that it overstates the influence of the economy on sports true or false?.
The statement is false, that One weakness of interactionist theory is that it overstates the influence of the economy on sports.
Interactionist Theory assumes that social order is formed by people as they interact with one another. It posits sport as a type of culture that's created through social interactions. Interactionist Theory examines how individuals shape society and are shaped by society through meaning that arises in interactions through participating in sport. Interactionist Theory views free speech and expressions as symbols that become meaningful interpretations of salient elements of our identities. Promotes and understanding of free speech and expression in sport supported the style during which individuals are allowed to meaningfully interact in sport, and define and shape sport to suit their realities. Therefore following statement is False.
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what is a traditional career? question 1 options: a job that holds a regular schedule from 9am to 5pm. a job where you are your own boss. a job where you work from home. a job where you split hours with someone else.
A traditional career has a regular schedule from 9 am to 5 pm.
A traditional career is what?Traditional occupations make a lot of promises in terms of external benefits. They are frequently viewed as less dangerous. Traditional occupations offer a ready-made platform for social recognition and engagement as well. For example, when someone becomes a doctor, she is immediately awarded a specific social rank.
Small business owner is a classic occupation used by housewives and burgeoning businesspeople to make a living. It is a one-person operation or, in certain cases, a family-run business.
What kind of job path is typical?Traditional Career Path—In this career path, a person moves from one specific job to the next as they advance vertically within the organization.
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This is the premium added to the risk-free rate that reflects the average sustained increase in the general level of prices for goods and services expected over the security’s entire life.
Default risk premium This is the premium added to the risk-free rate that reflects the average sustained increase in the general level of prices for goods and services expected over the security’s entire life.
The default risk premium is essentially the expected return of a bond minus the return offered by a similar risk-free investment. To calculate the bond default risk premium, subtract the risk-free bond yield from the bond yield you are buying. The default risk premium is effectively the difference between the interest rate on the debt security and the risk-free interest rate. A default risk premium is used to compensate investors for the likelihood of a company defaulting.
Default Risk Premium is compensation paid to a lender or investor if the borrower defaults for any reason. This generally applies to bonds. Each lender can charge a higher premium if the borrower is likely to default. app
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best buy reported the following numbers for the years ending february 1, 2020, and january 30, 2021.what are the internal and sustainable growth rates?
The sustainable growth rate (SGR) is the maximum rate of growth that a company or social enterprise can sustain without having to finance growth with additional equity or debt. In other words, it is the rate at which the company can grow while using its own internal revenue without borrowing from outside sources.
The sustainable growth rate (SGR) can be a useful indicator of which stage of its life cycle a company is currently in. In general, the higher the sustainable growth rate (SGR), the greater its potential upside.
The sustainable growth rate is an important financial metric that helps business leaders understand what stage of the business cycle they are in. At its core, the metric sheds light on the absolute maximum amount of growth the business can achieve before it requires outside capital.
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a chief executive officer (ceo) is attending a working lunch with community leaders who share the ceo’s organizational values. the ceo is practicing which type of leadership?
the ceo is practicing legislative leadership
Each lawmaker has a duty to uphold sound public policy and represent their constituents. However, the leader's responsibilities extend much farther, touching on all aspects of the legislative body, including its practices, constituents, employees, infrastructure, and public perception. No other legislator has the same perspective on or authority over the Legislature. Effective leaders may increase the effectiveness of the Legislature, foster member loyalty, and improve its reputation. By encouraging the growth of possible new leaders, they can have an impact on the future of the Legislature and the state. Legislative efficacy, member loyalty, and public perception may all be improved by competent leadership.
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Harper loves adidas apparel for its style and comfort. She needs running pants and purchases a pair with the adidas logo. This is an example of which type of purchase decision?.
Harper loves adidas apparel for its style and comfort. She needs running pants and purchases a pair with the adidas logo. This is an example of limited problem solving.
In limited problem solving, customers make decisions based on straightforward decision rules rather than being driven to conduct in-depth research or carefully weigh all available options. A little more thought or consideration goes into this kind of purchase decision. Limited problem solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products. When buying a new, expensive, or infrequently purchased goods, consumers engage in extensive problem solving.
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assume that q-mart uses a periodic lifo inventory system. during the year, it sold 14 units. calculate the dollar value of its cost of goods sold for the period
Assume that q-mart uses a periodic lifo inventory system. during the year, it sold 14 units. the dollar value of its cost of goods sold for the period $240
First out (LIFO) is a technique used to represent how stock has been sold that records the most as of late created things as sold first. This strategy is prohibited under the Global Monetary Announcing Norms (IFRS), the bookkeeping rules continued in the European Association (EU), Japan, Russia, Canada, India, and numerous different nations.
The U.S. is the main country that permits rearward in, first out (LIFO) since it sticks to Proper accounting rules (GAAP). There are two choices to rearward in, first out (LIFO) for stock costing: earliest in, earliest out (FIFO) and the typical expense technique. In earliest in, earliest out (FIFO), the most established stock things are recorded as sold first.
The typical expense technique takes the weighted normal of all units ready to move during the bookkeeping time frame and afterward utilizes that typical expense to decide the expense of merchandise sold (Machine gear-pieces) and finishing stock.
First out (LIFO) is a strategy used to represent how stock has been sold that records the most as of late created things as sold first.
The U.S. is the main country that permits LIFO since it complies with Sound accounting standards (GAAP), as opposed to the Worldwide Monetary Announcing Norms (IFRS), the bookkeeping rules continued in the European Association (EU), Japan, Russia, Canada, India, and numerous different nations.
Essentially any industry that appearances increasing expenses can profit from utilizing LIFO cost bookkeeping.
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