The stage of the sales cycle that salesperson for a national soft drink company is studying the purchases of current customers before he decides to whom he should introduce his company's drink is Pre-approach.
What is sales cycle?The sales cycle is the process that a business or salesperson goes through to close a sale or transaction with a customer. It typically includes several stages, from prospecting and lead generation to follow-up and post-sale support. The length and complexity of the sales cycle can vary depending on the industry, product, and customer.
Some common stages of a sales cycle is Prospecting: This is the process of identifying potential customers and gathering information about them.
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when healthy choice positions its products as more nutritional than italian sub sandwiches and prepared salads, which type of positioning is it using?
When Healthy Choice positions its products as more nutritional than Italian sub sandwiches and prepared salads, it is using the nutritional positioning.
What is nutritional positioning?Nutritional positioning is a strategy in which a business emphasizes the health and nutritional benefits of its products over others. Companies, like Healthy Choice, often advertise their products as containing fewer calories, less fat, or fewer carbohydrates than competing products. This positioning aims to appeal to health-conscious consumers or those who are dieting.Healthy Choice is positioning itself as being more nutritious than its competitors by emphasizing its products' low-calorie and low-fat content. As a result, consumers who are interested in eating healthy foods are more likely to choose Healthy Choice over Italian sub sandwiches and prepared salads, which they perceive as less healthy or less nutritious than Healthy Choice products.
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a software company conducts the disc inventory assessment to evaluate its employees. the assessment reveals that there are very few employees who are calm, supportive of others, and work far ahead of any deadlines. which disc category applies to the employees described in the scenario?
The numerous methods of employee development can be divided into four major groups: formal education, evaluation, work experiences, and interpersonal interactions.
What could cause a company to demote workers to a lower level position?Demotions may be offered for a variety of reasons, such as subpar employee performance, disciplinary proceedings, the elimination of positions or organizational reorganization, and even an employee-desired reduction in responsibility.
What enables employees to choose learning opportunities that equip them to achieve their professional goals?Employees can get ready for their future jobs with the use of a combination of formal education, work experiences, connections, and personality and ability assessments. -assists staff in choosing professional development activities that would help them reach their career objectives.
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wilma is hired to keep the books and pay the bills for a small company. she provides a(n) resource for the firm.
Wilma provides a valuable resource for the small company she works for by keeping their books and paying their bills.
Financial management can be difficult for a small business to maintain, but Wilma's expertise and experience makes it possible. With her help, the company can track their finances, create a budget, pay bills on time, and stay on top of cash flow.
Wilma's ability to handle the company's finances accurately and effectively can help them stay organized and increase their bottom line. In short, Wilma provides a valuable resource for the small company and her services can help them stay successful.
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Personal jurisdiction can be asserted over a corporation within the geographical boundaries:
• a. where it is incorporated
• b. where it is headquartered
• c. where it is doing business
O d.where any one of the given requirements are satisfied
Answer:
D. Where any one of the given requirements are satisfied.
if students in the united states go online and import the much cheaper indian version of your textbook instead of buying the american edition, how might this arbitrage nevertheless help the publisher of your textbook?
This type of arbitrage could help the publisher of the textbook by allowing them to extend their market and customer base to include students in the United States.
A book publishing license agreement is a written agreement between the creator and the publisher to exercise economic rights over a work with the author's permission.
Granting of publishing licenses allow them to potentially increase the number of customers they have, as well as increase their revenue by selling the Indian version of the textbook to the US customers. It could also potentially create an incentive to reduce the price of the American edition in order to remain competitive.
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if a decrease in the price of a good decreases the total revenue, the demand for the good is a. price elastic b. price inelastic c. income elastic d. income inelastic
If a decrease in the price of a good decreases the total revenue, the demand for the good is price elastic.
Therefore, correct option is : a. price elastic.
Price elasticity of demand refers to the responsiveness of the quantity of a product demanded to changes in the product’s price. It measures how much the quantity demanded of a product changes as its price changes. If a small change in price results in a large change in the quantity demanded, we say that demand is elastic. On the other hand, if a change in price causes little change in the quantity demanded, demand is said to be inelastic. If a change in price produces a change in total revenue in the opposite direction, demand is elastic.
In contrast, if a change in price produces a change in total revenue in the same direction, demand is inelastic. Price elasticity of demand can be estimated using the following formula:PED = % change in quantity demanded / % change in priceIf PED > 1, demand is elastic, if PED < 1, demand is inelastic, and if PED = 1, demand is unit elastic. For instance, if a 10% increase in the price of a good leads to a 20% reduction in quantity demanded, the price elasticity of demand for the good is PED = -20%/10% = -2. Therefore, demand is elastic. Conversely, if a 10% increase in the price of a good results in a 5% reduction in quantity demanded, PED = -5%/10% = -0.5. Therefore, demand is inelastic.
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the decision whether to produce products in the plant owned by your company or to outsource that production is made by which functional group?
The decision whether to produce products in the plant owned by your company or to outsource that production is made by Finance department or top level management, as they consider the cost of production and outsourcing and compare both and choose the most efficient method.
What is Outsourcing?Outsourcing is the activity in which the company gets services from another company, mainly a company outsources when the other company have better department or is a cheaper option.
In production, inhouse or outsourcing, the two main factors that are considered are Cost and Quality. Companies out sourcing its production and departments ensure that the quality is not compromised and or the cost is saved.
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is the study of how customers derive utility from products or services. a. management b. operations c. economics d. marketing
The study of how customers derive utility from products or service is Marketing.
Marketing is a business activity that aims to create, promote, and distribute goods and services to satisfy customer needs and desires. Marketing aims to create value for customers through the development of innovative products, effective pricing strategies, and efficient distribution channels.
Marketing involves studying customers' needs and desires, as well as the market and the competition, in order to create products and services that meet those needs and desires.
It also involves promoting those products and services to potential customers through advertising, sales promotions, and personal selling.
Marketing is a critical business activity because it helps businesses understand their customers' needs and desires and develop products and services that meet those needs and desires. It also helps businesses create relationships with customers that can lead to long-term loyalty and profitability.
Marketing is a dynamic field that is constantly evolving as customers' needs and desires change, and businesses must be able to adapt quickly to stay competitive in today's fast-paced business environment.
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mandy has a large art-supply company that sells through both her brick-and-mortar store and online. she wants to increase the awareness of her brand and drive higher sales. how can display ads help mandy achieve her business objectives?
Mandy can use display ads to help her achieve her business objectives by increasing the visibility of her art-supply company and driving higher sales. Display ads are a cost-effective way of gaining exposure for her business, as they allow her to target a wide range of potential customers.
Display ads are also easily customizable, allowing her to tailor her messages and visuals to meet her specific needs. Additionally, display ads can be tailored to measure the performance of campaigns and provide valuable insights that can be used to optimize her marketing efforts. In short, display ads can help Mandy increase the awareness of her brand and drive higher sales by providing a cost-effective, customizable, and measurable marketing platform.
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three months ago, you purchased a stock for $74.60. the stock is currently priced at $81.34. what is the ear on your investment?
The return on your investment for the stock purchased three months ago is 8.87%. This return is calculated by taking the current stock price of $81.34 and subtracting the original stock price of $74.60, which gives you a difference of $6.74. You then divide this difference by the original stock price of $74.60 to get the return of 8.87%.
To understand return on investment (ROI) further, let's break it down further. Return on investment (ROI) is the measure of how much profit an investment generates in relation to the amount invested.
It is calculated by dividing the gain or loss from the investment (difference between current stock price and original stock price) by the original stock price. Therefore, a ROI of 8.87% means that your investment has yielded an 8.87% return over the course of three months.
In other words, the ROI measures the performance of the investment over a given period of time. This can be used to compare various investments and measure their relative performance. Additionally, ROI is an important indicator for investors to assess their own performance and make decisions about future investments.
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money that covers the basic living expenses of sales professionals is better known as an advance. question 6 options: true false
The given statement, "money that covers the basic living expenses of sales professionals is better known as an advance" is false because money that covers the basic living expenses of sales professionals is better known as a draw, not an advance.
What is a draw?
A draw is a financial arrangement that is similar to a loan. Sales professionals are usually compensated via commission, which means that their pay is determined by the amount of sales they generate for the company. However, sales may be difficult, and salespeople may not earn enough commission to cover their living expenses.
In this situation, the company may offer the salesperson a draw. A draw is a sum of money that is provided to the salesperson upfront, and it is usually based on the anticipated commissions. The salesperson can then use the draw to cover their basic living expenses until they begin generating enough commission to pay back the draw.
Once the salesperson has generated enough commission, they will begin to receive their normal pay. However, the draw will be deducted from the salesperson's commission until the draw has been paid back in full.
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select all that apply three special case patterns of dividend growth discussed in the text include: multiple select question. negative growth. constant growth. fast growth. discounted growth. nonconstant growth. zero growth.
The three special case patterns of dividend growth discussed in the text include negative growth, constant growth, and nonconstant growth.
Negative growth occurs when the dividends paid out by a company are lower than they were the year before. This could be due to a variety of factors, such as a decrease in the company’s profits or a reduction in the amount of cash available to pay out dividends. Constant growth occurs when the dividends paid out remain the same from year to year. This could be due to a stable business model or a strong balance sheet.
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on january 1, 2017, our company accepts a 5-month 5% note for $12,000. what is the dollar amount that we will debit to cash when the note is collected in five months?
The dollar amount that we will debit to cash when the note is collected in five months is $12,250 because it includes the original principal of $12,000 plus the interest of $250. Thus, Option A is correct.
When a company accepts a note, it is essentially lending money to the borrower. In this case, the note is for $12,000 with a 5% interest rate and a 5-month term.
To calculate the interest, you need to multiply the principal by the interest rate and the time the note is outstanding. In this case, the interest is calculated as $12,000 x 5% x (5/12) = $250.
When the note is collected in five months, the company will receive the principal plus the interest, which is a total of $12,250. Therefore, the company will debit $12,250 to cash.
This question should be provided with answer choices:
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if a buyer of a product does not have to pay for it until he or she resells it, such a transaction is usually referred to as:
If a buyer of a product does not have to pay for it until he or she resells it, such a transaction is usually referred to as consignment sales.
Consignment sales are a kind of arrangement in which the owner of goods transfers ownership to the person who agrees to sell them. The owner retains ownership of the goods until they are sold. The consignee does not make any payment to the consignor until the goods are sold.The consignee is frequently given the authority to market the consignment goods in exchange for a fee.
The fee is commonly a percentage of the sale price. The consignee may sell the products at a higher price than the owner. In this case, the excess amount earned by the consignee is referred to as a commission. The consignor may specify the price at which the goods will be sold by the consignee. A consignment contract is frequently used in this situation. The consignment arrangement is frequently utilized when there is a significant quantity of stock available and the seller does not want to sell it all at once.
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veronica deposited $1,000 into an account two years ago. the first year she earned 7 percent interest; the second year she earned 5 percent. how much money does veronica have in her account today?
Veronica currently has $1,123.50 in her account when veronica deposited $1,000 into an account two years ago. the first year she earned 7 percent interest; the second year she earned 5 percent.
How much money does veronica have in her account today?We must add the interest earned by year to the initial investment in order to determine how much money Veronica currently has in her account.
Veronica's initial $1,000 deposit earns 7% interest after the first year, or $70:
$1,000 x 0.07 = $70
So, Veronica's account balance at the conclusion of the first year is $1,000 + $70 = $1,070.
Her $1,070 account balance after the second year earns 5% interest, or $53.50:
$1,070 x 0.05 = $53.50
Veronica's account balance at the conclusion of the second year is therefore $1,070 + $53.50 = $1,123.50.
Thus, Veronica currently has $1,123.50 in her account.
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the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because of constant returns to scale. of external economies of scale. of economies of scale. it includes average fixed cost. of external diseconomies of scale.
The statement "the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because it includes average fixed cost." is true.
What is Short Run Average Total Cost?Short run average total cost (SRATC) is the expense of producing each unit of output in the short run when all inputs, except for capital, are variable. It comprises both fixed and variable expenses. The average total cost (ATC) is the average cost of producing each unit of output, including all fixed and variable expenses.
When all inputs are variable, the ATC is equivalent to the SRATC. However, the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because it includes average fixed cost.
When the output is reduced, the average fixed cost rises, resulting in an increase in the average total cost. As a result, the average total cost curve does not intersect the average variable cost curve at its minimum point but does so at an output level greater than the average variable cost curve.
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3. Beatrice makes two types of brownies plain and peanut butter. The plain sell for $12 per pound and have variable costs of $8 per pound. The peanut butter sell for $20 per pound. The peanut butter sell for $20 per pound and have variable costs of $13. The sales mix in 70% plain and 30% peanut. The fixed costs are $100,000 per month.
Required calculate the breakeven sales volume and revenue per producti
The break even, Beatrice needs to sell 32,258 pounds of brownies per month, generating a total revenue of $1,032,257, with 70% of the revenue coming from plain brownies and 30% from peanut butter brownies.
By calculating the breakeven sales volume and revenue per production period to using formula that is Breakeven Sales Volume = Fixed Costs / (Unit Selling Price - Unit Variable Costs)
In this case, the breakeven sales volume is equal to 100,000 / ((12 - 8) x 0.7 + (20 - 13) x 0.3) = 4,444.44 lbs
The breakeven sales revenue is equal to 100,000 / 4,444.44 lbs x (12 x 0.7 + 20 x 0.3) = 144,444.44
Therefore, Beatrice needs to sell 4,444.44 lbs of brownies in order to breakeven in a production period and generate sales revenue of 144,444.44. This means that she needs to sell 70% of the total sales volume as plain brownies and 30% as peanut butter brownies. By achieving the breakeven sales volume and revenue, Beatrice will be able to cover her fixed costs and make a profit.
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the outcome of quality partnerships between salespeople and customers is a)lakc of customer complaints
The outcome of quality partnerships between salespeople and customers is the lack of customer complaints. This is because good partnerships built on mutual trust, understanding, and respect help to foster effective communication between salespeople and customers.
When this happens, customers feel more comfortable expressing their needs and concerns to salespeople, while salespeople are better able to listen and respond to these needs and concerns. This leads to a positive customer experience and ultimately, customer satisfaction.
The lack of customer complaints is a key indicator of customer satisfaction. It is an indication that customers are happy with the products and services they receive and are willing to continue doing business with the company. A lack of complaints also suggests that the company is delivering on its promises, and that customers feel that their needs and concerns are being heard and addressed.
The benefits of quality partnerships between salespeople and customers go beyond just the lack of complaints. Good partnerships also help to build customer loyalty, which is essential for the long-term success of any business.
By building strong relationships with customers, salespeople can create a sense of loyalty that will keep customers coming back time and time again. This, in turn, can lead to increased sales, higher profits, and a more positive reputation for the company.
Therefore, companies must invest in building quality partnerships between salespeople and customers. This requires a focus on communication, listening, and building relationships that are based on mutual trust and respect.
By doing this, companies can create a positive customer experience that will lead to increased customer satisfaction, loyalty, and ultimately, business success.
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where * is the quantity of laptops produced per month. the marginal cost at a production level of 1,000 laptops per month is $190. what is the interpretation of this?
The interpretation of a marginal cost of $190 at a production level of 1,000 laptops per month is that the cost of producing one additional laptop.
Beyond the 999th laptop, is estimated to be $190. In other words, if the firm decides to increase its production from 999 to 1,000 laptops per month, it can expect the total cost to increase by $190 due to the additional resources required to produce the extra laptop.
What is marginal cost?
Marginal cost is the additional cost of producing one more unit of a good or service. It is calculated as the change in total cost divided by the change in quantity produced. In other words, it represents the cost of producing one additional unit of output.
What is production?
Production refers to the creation of goods and services using various inputs such as labor, capital, and raw materials. It involves transforming inputs into finished or semi-finished products that can be sold to customers or used for further production. The process of production may include designing, manufacturing, assembling, packaging, and distributing goods and services.
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marcus is preparing the statement of cash flows for his company. one of the most significant pieces of information that marcus will learn when he has completed the statement is the
Marcus is preparing the statement of cash flows for his company. One of the most significant pieces of information that Marcus will learn when he has completed the statement is the company's cash inflows and outflows.
What is a statement of cash flows? A statement of cash flows is a summary of a company's inflows and outflows of cash. The statement of cash flows lists all cash inflows and outflows for a period and provides a summary of the company's cash position.
Marcus will have the following information after preparing the statement of cash flows:
Cash inflowsCash outflowsThe net change in cash during the periodThe company's cash balance at the beginning and end of the periodic statement of cash flows also classifies the cash inflows and outflows into operating, investing, and financing activities. Marcus will have to categorize the company's cash inflows and outflows in these categories to create the statement of cash flows.
Marcus may use the statement of cash flows to plan and allocate resources effectively. By analyzing the statement of cash flows, Marcus can determine where the company is spending more than it should, how much the company has available to invest, and how much it will need to meet its financial obligations.
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an investor buys a european call at a premium of $2.20 with a strike price of $75 for stock a with expiration in 1-month. what will be the profit for the investor in one month at stock price of $75.78.
The profit will be $0.80 for the investor in one month at a stock price of $75.78
To figure out what the profit would be, we must first know the break-even point. If the strike price is $75 and the investor paid a premium of $2.20, the break-even point would be $77.20 ($75 + $2.20).
As a result, if the stock price is greater than $77.20, the investor will profit. Since the stock price is $75.78, which is less than $77.20, the investor will lose money.
Suppose the stock price is $78. The investor would profit in this scenario because the stock price is above the break-even point of $77.20. The profit for the investor would be equal to the stock price minus the strike price minus the premium paid.
As a result, the profit would be equal to:
Profit = (Stock price - Strike price - Premium paid)
Profit = ($78 - $75 - $2.20)Profit = $0.80
Therefore, if the stock price is $78, the investor will profit $0.80.
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an endorsement where the depositor simply signs the back of the check, making the check payable to any bearer.
The student question asks about an endorsement where the depositor simply signs the back of the check, making the check payable to any bearer. This type of endorsement is called a "blank endorsement."
Here's a step-by-step explanation of how to do a blank endorsement:
1. Flip the check to its backside, where you will find a designated area for endorsements, usually marked with lines or the phrase "ENDORSE HERE."
2. Sign your name on the top line or in the designated area, ensuring your signature matches the name on the front of the check.
3. Once you have signed the check, it becomes payable to any bearer, meaning anyone who possesses the check can cash or deposit it.
Remember that a blank endorsement carries a risk, as it can be cashed or deposited by anyone who has the check in their possession. To reduce this risk, you may consider a restrictive endorsement, which limits the check's use by including additional information, such as "For Deposit Only," followed by your account number.
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at the store, 60 brand a diapers costs $24.94, while 100 diapers of brand b costs $39.99. which is the better buy, brand a or brand b diapers?\
The final answer are 60 brand a diapers costs $24.94, while 100 diapers of brand b costs $39.99, it is clear that brand b diapers are the better buy, as they are cheaper per diaper.
When comparing the cost of two different brands of diapers, it is important to look at the cost per diaper to determine which is the better buy. In this case, the store is selling 60 diapers of brand a for $24.94, while 100 diapers of brand b cost $39.99.
To calculate the cost per diaper for each brand, we can divide the total cost by the number of diapers. For brand a, we get a cost per diaper of $24.94/60 diapers = $0.4157 per diaper. For brand b, we get a cost per diaper of $39.99/100 diapers = $0.3999 per diaper.
Based on this calculation, we can see that brand b diapers are cheaper per diaper than brand a diapers. Therefore, brand b is the better buy in terms of cost per diaper. It is important to consider factors such as cost per unit when making purchasing decisions, as it can help save money in the long run.
100 brand b diapers cost $39.99, which works out to be 0.3999 per diaper. On the other hand, 60 brand a diapers cost $24.94, which works out to be 0.4157 per diaper. Therefore, brand b diapers are cheaper per diaper and it is the better buy.
To summarize, when considering at the store, 60 brand a diapers costs $24.94, while 100 diapers of brand b costs $39.99, it is clear that brand b diapers are the better buy, as they are cheaper per diaper.
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the sensory characteristic of a product that sticks with consumers, helping them to remember the product in a unique way, is called the
The main sensory characteristic of a product that sticks with consumers and helps them remember it in a unique way is called brand recognition.
Brand recognition is a vital part of marketing a product or service and creating a strong, recognizable identity in the minds of consumers. It is achieved by carefully creating and maintaining the product's image, often through creative branding, advertising, and marketing tactics.
Brand recognition helps a product stand out from the competition and build a unique connection with consumers. It also helps a product build trust and loyalty in the minds of consumers, making them more likely to purchase the product in the future.
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the paris union was established for the purpose of . group of answer choices reducing pollution protecting patents
The Paris Union was established for the purpose of protecting patents.The Paris Union, also known as the International Union for the Protection of Industrial Property, is a treaty organization established by the Paris Convention for the Protection of Industrial Property, which was signed in Paris, France, on March 20, 1883.
The Union offers several global protections to patent holders, such as:Protection for patented items from duplication and unauthorized usage.A maximum period of patent protection.The right to be compensated for any violation of patent rights through legal action, among other things.
The main goal of the Paris Union was to establish a common standard for protecting intellectual property across multiple countries to reduce any problems with patents and reduce the costs involved in patenting the same product in different countries. The Paris Union also plays an important role in preventing patent pollution.
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stone needs to accumulate sufficient funds to pay a $470,000 debt that comes due on december 31, 2029. the company will accumulate the funds by making five equal annual deposits to an account paying 8% interest compounded annually. determine the required annual deposit if the first deposit is made on december 31, 2024.
Stone requirements to set aside yearly installments of $73,564.34 to amass adequate assets to pay the $470,000 obligation that comes due on December 31, 2029, assuming the primary store is made on December 31, 2024.
What are Assets?Assets are financial resources that a company, individual, or organization owns or controls and can use to generate future financial benefits. Assets can be intangible, like patents, trademarks, copyrights, and goodwill, or tangible, like cash, inventory, property, plant, and equipment, in accounting. Based on their liquidity and anticipated use, assets can also be categorized as current or non-current.
Those assets that are anticipated to be utilized or converted into cash within a year or operating cycle, whichever comes first, are considered current assets. They include things like inventory, accounts receivable, cash and cash equivalents, and prepaid expenses.
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Assuming the main store is made on December 31, 2024, Stone needs to put aside yearly installments of $73,564.34 to accumulate enough assets to pay the $470,000 obligation that becomes due on that date.
How to calculate PV Annuity Due?Financial resources that a business, person, or group owns or controls and can use to produce future financial benefits are known as assets.
Functions of a table or computer FVAD of $ 1
Future Value 560000
n 5
i 8%
Deposit $88,385
Working Note
FV Annuity Due = C*((((1+i)^n)-1)/i)*(1+i)
560000= C*((((1+0.08)^5)-1)/0.08)*(1+0.08)
560000= C*6.335929
C= 560000/6.335929
C= 88385
Required Annual Deposit (C ) = 88384.83
Functions of a computer or table PVAD of $ 1
Payment $136,000
n 10
i 11%
Deposit $889,038
Working:
PV Annuity Due= C*((1-(1+i)^(-n))/i)*(1+i)
PV Annuity Due = 136000*((1-(1+0.11)^(-10))/0.11)*(1+0.11)
PV Annuity Due = 889038
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92 of 120 to be in compliance, which individual will need to become a registered mortgage loan originator and obtain a unique identifier from the registry through nmls?
In order to be in compliance with the requirement that 92 of 120 individuals must become a registered mortgage loan originator and obtain a unique identifier from the registry through NMLS.
NMLS MeaningThe Nationwide Mortgage Licensing System (NMLS) is a centralized online database that’s used by mortgage and finance regulatory agencies to maintain state licensing programs.
A licensed MLO is someone who has completed the professional certification required to originate mortgages and provide home loan advice in at least one state. Both mortgage lending companies and individual MLOs, have to stay in regulatory compliance, which includes renewing their state licenses annually.
Once the MLO test is completed, the individual will need to register with the NMLS system and complete the required MLO licensing forms. Once the forms are completed, the individual will receive their unique identifier from the NMLS registry.
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A U.S. company is engaged in ______ when it contracts with a call center in India to handle technical support requests from its customers.
"A U.S. company is engaged in offshoring when it contracts with a call center in India to handle technical support requests from its customers".
Offshoring refers to the practice of hiring employees or subcontractors in other countries to perform business functions. The primary motivation behind offshoring is usually to save money. Businesses can often hire labor overseas at a much lower rate than they can in the United States.
This makes it easier for them to increase their profits without raising their prices too much. In this example, the U.S. company is offshoring its technical support requests to a call center in India. This allows the company to save money on labor costs while still providing quality support to its customers.
Offshoring refers to the practice of relocating a business process, job, or function from one country to another. This is typically done in order to take advantage of lower labor costs or to gain access to a specialized talent pool.
Offshoring is often contrasted with outsourcing, which involves contracting with an external company to perform a business function, rather than relocating it to another country.
Offshoring has become increasingly common in recent years, particularly in the manufacturing and service sectors. Some of the most common countries for offshoring include India, China, and the Philippines, although other countries are also becoming popular destinations for offshoring.
While offshoring can provide cost savings and other benefits, it can also be controversial, as it can result in job losses in the country where the function was previously located. Additionally, offshoring can sometimes lead to quality control issues or cultural differences that can create challenges for companies.
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organizations carry out human resource planning to reduce hiring of inexperienced workers. increase hiring costs to match industry standards. avoid taking risks. gain an advantage over competitors.
Organizations carry out human resource planning to avoid taking risks. Human resource planning is a critical component of the recruitment process.
Human resource planning involves determining how many employees an organization requires and what kind of employees they require. It determines the right people at the right time, in the right jobs, with the right skills. Human resource planning helps businesses plan for the future by determining how many employees they will require and what kind of employees they will require.
It makes certain that businesses do not hire inexperienced staff, making it a good way to avoid taking risks. This type of planning aids in the decision-making process by helping businesses to be prepared for any changes that may occur. In conclusion, organizations carry out human resource planning to avoid taking risks.
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According to the video, what are general and operations managers expected to provide for a company? select two options. funding special events a vision leadership
Option c and d: A vision and leadership. The general and operations managers expected to provide for a company a vision and leadership.
A general manager is a high-level executive responsible for overseeing the day-to-day operations of an organization. They are typically responsible for the organization's overall financial performance, setting and achieving goals, developing strategy, and providing leadership and guidance to employees.
Operations managers are the people responsible for the day-to-day operations of a company or organization. Responsible for managing staff, overseeing the budget, making decisions, and ensuring that the organization operates efficiently and effectively.
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Complete question:
According to the video, what are general, and operations managers expected to provide for a company? select two options.
a: funding
b: special events
c: a vision
d: leadership
Answer:c and d
Explanation:took test on edge