The given statement "In order to save the expense of maintaining various departments, small business owners may hire other firms to supply services on an as-needed basis" is true.
Small business owners do this to save the expense of maintaining various departments. By hiring other firms, small business owners can get quality services that they require, but at a lower cost than if they were to maintain these departments themselves. This is one of the primary reasons why small business owners often outsource various services. These firms are sometimes known as service providers.
A variety of services, including marketing, HR, and finance, are offered by these firms. Another reason why small business owners prefer to outsource work is that it helps them focus on their core business activities. By delegating work to service providers, they can concentrate on the essential aspects of their business. As a result, small business owners can make their company more efficient by outsourcing non-core activities.
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which one of the following best illustrates erosion as it relates to a snack stand located on the beach? q10b a) providing free ice and condiments for customers b) repairing the canopy over the snack stand because of wind damage c) selling fewer cookies because ice cream was added to the menu d) offering french fries but not onion rings e) losing sales due to bad weather
The best answer that illustrates erosion as it relates to a snack stand located on the beach is b) repairing the canopy over the snack stand because of wind damage. the correct option is b.
Wind damage can cause erosion, which can be seen in this situation as damage to the canopy of the snack stand. Erosion is the geological process in which earthen materials are worn away and transported by natural forces such as wind or water.
A similar process, weathering, breaks down or dissolves rock, but does not involve movement.Damaging winds are often called “straight-line” winds to differentiate the damage they cause from tornado damage. Strong thunderstorm winds can come from a number of different processes.
Most thunderstorm winds that cause damage at the ground are a result of outflow generated by a thunderstorm downdraft.
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A condominium community has a swimming pool, tennis courts, and a biking trail. These facilities are MOST likely owned by the
A) unity owners in the form of percentage undivided interests.
B) condominium board.
C) unit owners in the
The facilities like swimming pool, tennis courts, and biking trails, in a condominium community are most likely owned by the condominium board. Thus, the correct answer is option B.
A condominium community is a type of real estate property where individual units are owned by different people, and the common areas are jointly owned. A condominium is similar to an apartment building, but each unit is owned by the individual, unlike an apartment, where all units are owned by a single entity. Individuals who own a unit in a condominium community are called unit owners. The common areas of the community, such as the swimming pool, gym, tennis courts, and gardens, are jointly owned by all unit owners. They share the cost of maintenance and repairs of these areas through the payment of dues.
The condominium board is responsible for the maintenance and management of the property. The board is elected by the unit owners and consists of a group of volunteers who work together to manage the community. They are responsible for making decisions regarding maintenance and repairs of the common areas, enforcing the rules and regulations, and collecting the dues from the unit owners. They also work to ensure that the property is well-maintained and that the unit owners are satisfied with the services provided.
In conclusion, the facilities in a condominium community such as the swimming pool, tennis courts, and biking trails are most likely owned by the condominium board. Option B is correct.
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the contracting of manufacturing or other tasks to independent companies outside of the firm is referred to as .
Answer: outsourcing
Explanation:
which of the following accounts would be classified as assets? i. noncontrolling interest ii. intangibles iii. long-term investments iv. interest receivable.
The correct answers for accounts classified as assets are II (intangibles), III (long-term investments), and IV (interest receivable).
They represent the resources owned by the company that are expected to provide future economic benefits, such as intangibles, long-term investments, and interest receivable, while non-controlling interest represents ownership in another entity and is classified under equity on the balance sheet.
An asset is a resource owned by a company that is expected to provide future economic benefits. Intangibles, long-term investments, and interest receivable all fit this definition and are therefore classified as assets. Non-controlling interest, on the other hand, represents ownership in another entity and is classified under equity on the balance sheet, rather than as an asset.
It is important for companies to accurately classify their accounts in order to provide transparent financial statements and make informed business decisions.
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in 2015, calvin klein looked to ethiopia to manufacture its clothing. pay was as low as $21 a month there. the work was?
Calvin Klein looked to Ethiopia to manufacture its clothing in 2015, and pay was as low as $21 a month there. The work was so exhausting that employees passed out on the factory floor regularly.
The individuals who worked for the company in Ethiopia described the conditions as unbearable. Employees work 15-hour days, six days a week, and were not allowed to take breaks or go to the toilet. Workers were subjected to emotional and physical abuse by their supervisors.According to workers at the factory, they would start work at 7 a.m. and finish at 10 p.m., with no breaks or rest days, for a monthly salary of $21. According to the report, the factory employed mainly women, who were required to meet daily targets of up to 120 pieces. The workers at the factory had no access to safe drinking water, and they were required to bring their drinking water from home. In the factory, temperatures frequently reach 40°C, and there is no air conditioning or proper ventilation.According to the report, there is no medical clinic or health service on the premises, and workers are frequently exposed to chemicals, which has caused several cases of respiratory and skin problems. Workers at the Ethiopian factory for Calvin Klein were subjected to grueling labor conditions, including long working hours, low pay, no breaks or rest days, and emotional and physical abuse. Employees who work in this factory are subjected to inhumane conditions that degrade their health and well-being.Forsearch more questions on Ethiopia
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In 2015, Calvin Klein turned to Ethiopia to manufacture its clothing, where the pay was as low as $21 a month. The work in Ethiopia was primarily in the textile and garment industry, which has become an increasingly popular destination for low-cost manufacturing due to its low wages and the availability of a large, young workforce. However, this low-cost labor often comes at the expense of workers' rights and working conditions.
In Ethiopia, workers in the textile and garment industry often face long hours, minimal pay, and unsafe working conditions. The lack of labor laws and worker protections in the country means that workers have little recourse if they are mistreated or injured on the job. Additionally, workers in the industry are predominantly women, who are often subjected to discrimination and harassment.
The decision by Calvin Klein to manufacture its clothing in Ethiopia highlights the need for greater corporate responsibility and transparency in the fashion industry. Brands must take into account the impact of their actions on workers and the environment, and work to ensure that their supply chains are free from exploitation and abuse. Only then can the industry move towards a more sustainable and equitable future.
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what is descriptive analytics? what are the various tools that are employed in descriptive analytics? 3. how is descriptive analytics different from traditional reporting? 4. what is a dw? how can data warehousing technology help to enable analytics? 5. what is predictive analytics? how can organizations employ predictive analytics? 6. what is prescriptive analytics? what kinds of problem
Descriptive analytics is the use of analytics to describe data, usually with the goal of finding trends or patterns in the data.
The various tools employed in descriptive analytics include data visualization, data mining, and business intelligence.
Descriptive analytics is different from traditional reporting in that traditional reporting provides a single answer to a single question, while descriptive analytics can provide an in-depth analysis of data to uncover patterns and trends.
A data warehouse (DW) is a system designed to store, manage, and analyze large amounts of data from multiple sources. Data warehousing technology enables analytics by providing an environment for running complex queries and storing data for later analysis.
Predictive analytics is a branch of analytics that uses data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes. Organizations employ predictive analytics by analyzing data and developing models to understand customer behavior and predict potential risks and opportunities.
Prescriptive analytics is a branch of analytics that uses data, algorithms, and modeling to suggest the best solution or outcome for a given situation. It can be used to solve a variety of problems, such as pricing optimization, supply chain optimization, and resource allocation.
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all of the following about nonalcoholic beverages are true except: question 24 options: 1) fair trade ensures that buyers are not being overcharged by suppliers on their coffee purchases. 2) when purchasing postmix nonalcoholic beverage products, the buyer anticipates some ap cost savings because he or she is using product concentrates. 3) standing orders for nonalcoholic beverages are delivered by route sales people. 4) coffee is best stored under refrigeration or in the freezer.
All of the following about nonalcoholic beverages are true except fair trade ensures that buyers are not being overcharged by suppliers on their coffee purchases.
What is Fair Trade?Fair Trade is a movement that aims to improve the circumstances of small producers and workers in developing nations. The goal of fair trade is to alleviate poverty and encourage more equitable and sustainable development through global trade that promotes worker rights, sustainable farming, and environmentally sustainable practices.
Fair trade ensures that the buyers are not being overcharged by suppliers on their coffee purchases. So, this statement is false.
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if relative interest rates increase 1% what will be the approximate change in market value of bank ewuity
If the relative interest rates increase 1%, what will be the approximate change in the market value of bank equity? The market value of bank equity is inversely proportional to the interest rates. When interest rates rise, the market value of bank equity decreases, and when interest rates fall, the market value of bank equity increases.
The approximate change in market value of bank equity due to a 1% increase in relative interest rates can be calculated using the following formula: Approximate change in the market value of bank equity = -0.01 x (current market value of bank equity) The negative sign indicates that the market value of bank equity will decrease by the percentage change in the interest rates.
For example, if the current market value of bank equity is $100,000, and the relative interest rates increase by 1%, then the approximate change in market value of bank equity can be calculated as: Approximate change in the market value of bank equity = -0.01 x $100,000 = -$1,000Therefore, the market value of bank equity will decrease by approximately $1,000 due to a 1% increase in relative interest rates.
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suppose that $10 million face value commercial paper with a 180-day maturity is selling for $9.65 million. what is the bey on the paper?
The BEY on the paper is 14.2%.
Given: Face Value of Commercial Paper = $10 million
Maturity of Commercial Paper = 180 days
Selling Price of Commercial Paper = $9.65 million
To calculate:
BEY on the paper, the Bond equivalent yield (BEY) is the annual percentage rate that is equivalent to the semi-annual yield, which can be calculated using the following formula:
BEY = 2 × [(FV - SP) ÷ FV] × [(365 ÷ days to maturity) ÷ (360 ÷ days to maturity)]
Where FV = Face Value of Commercial Paper
SP = Selling Price of Commercial Paper
Days to Maturity = Maturity of Commercial Paper
Thus, the BEY on the paper can be calculated as follows:
BEY = 2 × [(10 - 9.65) ÷ 10] × [(365 ÷ 180) ÷ (360 ÷ 180)]
BEY = 2 × (0.035) × (2.0278)BEY = 0.142 or 14.2%
Therefore, the BEY on the paper is 14.2%.
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What is the relationship between primary secondary and tertiary sectors
Answer:
The primary sector is where the materials for the secondary sector are gathered. In the secondary sector, the product is then made into consumable item(s) which is then distributed by the tertiary sector. Economists such as AGB Fisher and Colin Clark were the supporters of these models in the early 20th century.
a real estate property is on the market how much should you be willing to pay for the property today?
The amount you should be willing to pay for a real estate property depends on a variety of factors such as the current market value, location, and amenities. Generally, you should be willing to pay a fair market price based on the current market.
To determine this price, you should compare the property to similar properties in the same area and adjust the price based on any amenities or features the property offers. In addition, you may want to consider the condition of the property and how much money you may need to put into repairs.
Once you have considered all of these factors, you can make an offer that you are willing to pay for the property. Make sure that the offer you make is reasonable and that it fits within your budget. You may also want to consider negotiating the price with the seller. Ultimately, the amount that you are willing to pay for a property should reflect the true value of the property in the current market.
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what is a valuable segmentation tool for marketers because it directly affects consumers' ability to buy goods and services? multiple choice question. education gender marital status
Answer: The most valuable segmentation tool for marketers because it directly affects consumers' ability to buy goods and services is "Education."
Explanation:
What is segmentation?
Segmentation is the process of categorizing consumers into groups based on their characteristics, behaviors, and preferences. The purpose of segmentation is to identify a group of customers with similar needs, preferences, or behaviors and develop strategies to satisfy those needs. Segmentation provides marketers with the ability to target specific groups of customers with tailored messages, products, and services that meet their needs.
The most valuable segmentation tool for marketers because it directly affects consumers' ability to buy goods and services are listed below:
Education: Education is a valuable segmentation tool for marketers because it directly affects consumers' ability to buy goods and services. People with higher education levels are more likely to have higher incomes and purchasing power.Gender: Gender is another valuable segmentation tool for marketers because it affects the types of products and services consumers are interested in. Men and women have different preferences and needs, and segmentation allows marketers to develop products and messages that are tailored to each group.Marital status: Marital status is another valuable segmentation tool for marketers because it affects the types of products and services that consumers need. Married people have different needs than single people, and segmentation allows marketers to develop products and messages that are tailored to each group.In conclusion, the most valuable segmentation tool for marketers because it directly affects consumers' ability to buy goods and services is "Education."
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Craig Co. sells two products, A and B. Last Year Craig sold 14,000 units of A and 21,000 units of B. Related data are:
Product A Unit selling price: $110 Unit Variable Cost: $70 Unit Contribution Margin: $40
Product B Unit Selling price: $70 Unit Variable Cost: $50 Unit Contribution Margin: $20
What was Craig Co,’s unit contribution margin?
Craig Co.'s overall unit contribution margin is $28.
What is the overall contribution margin?The unit contribution margin for Craig Co.'s products A and B is as follows:
Product A:
Unit Selling Price: $110
Unit Variable Cost: $70
Unit Contribution Margin: $40
Product B:
Unit Selling Price: $70
Unit Variable Cost: $50
Unit Contribution Margin: $20
To calculate the overall unit contribution margin, we need to consider the number of units sold for each product and their respective contribution margins:
Step 1: Multiply the units sold by the unit contribution margin for each product.
Product A: 14,000 units * $40 = $560,000
Product B: 21,000 units * $20 = $420,000
Step 2: Add the contribution margins for both products.
Total contribution margin: $560,000 (Product A) + $420,000 (Product B) = $980,000
Step 3: Add the total units sold for both products.
Total units sold: 14,000 (Product A) + 21,000 (Product B) = 35,000 units
Step 4: Divide the total contribution margin by the total units sold.
Overall unit contribution margin: $980,000 / 35,000 units = $28
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if a company receives $10,800 from a client for services provided, the effect on the accounting equation would be:
The effect on the accounting equation would be an increase in Assets (cash) and an increase in Owner's Equity (Revenue). The accounting equation is Assets = Liabilities + Owner's Equity. An increase in Assets means that the company has received cash, so the equation will be represented as follows:
Assets (cash) + $10,800 = Liabilities + Owner's Equity
An increase in Assets (cash) results in an increase in Owner's Equity (Revenue). This is because Owner's Equity (Revenue) represents the company's total income or the money it has earned from providing services. The equation would now be represented as follows:
Assets (cash) + $10,800 = Liabilities + Owner's Equity (Revenue) + $10,800
In summary, when a company receives $10,800 from a client for services provided, it will result in an increase in Assets (cash) and Owner's Equity (Revenue). This increases the company's total Assets and Owner's Equity, ensuring that the accounting equation remains balanced.
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do you think companies can manipulate their statement of cash flows? if so, what do you think are some of the top ways in which companies could manipulate it
Yes, companies can manipulate their statement of cash flows. The manipulation of the statement of cash flows is also known as financial statement fraud.
Companies can manipulate their statement of cash flows. Some of the top ways to manipulate a statement of cash flows include overstating cash inflows, understating cash outflows, providing misleading descriptions of the nature of the cash flows, and failing to account for capital expenditures.
One of the ways in which they can manipulate it is by inflating cash inflows or by deflating cash outflows. Another way is by moving money between accounts to manipulate the statement.
Companies can manipulate this statement to make their financial position appear better than it is. This can be done by overstating cash inflows, delaying the recording of cash outflows, understating expenses, and shifting funds between accounts. However, this is illegal and unethical.
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multiple choice question net cash provided by operating activities was $12,000. net cash provided by investing activities was $2,000. net cash used in financing activities was $7,000. the cash balance at the beginning of the year was $4,000. the cash balance at the end of the year is: multiple choice question. $21,000 $11,000 $7,000 $25,000
The cash balance at the end of the year is $11,000.
In order to find the ending cash balance, you need to calculate the net change in cash for the year. This can be done by subtracting the cash balance at the beginning of the year from the sum of net cash provided by operating, investing, and financing activities.
So, the formula is:
Ending Cash Balance = Beginning Cash Balance + Net Change in Cash
For the given information, we have:
Beginning Cash Balance = $4,000Net Cash Provided by Operating Activities = $12,000Net Cash Provided by Investing Activities = $2,000Net Cash Used in Financing Activities = $7,000Net Change in Cash = ($12,000 + $2,000) - $7,000 = $7,000
Therefore,Ending Cash Balance = $4,000 + $7,000 = $11,000The correct option is B. $11,000.
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when sport marketers focus on short term gains rather than examining the long-term needs of consumers, it is called .
when sport marketers focus on short term gains rather than examining the long-term needs of consumers, it is called short-termism.
Short-termism is when sport marketers focus on immediate gains and do not consider the long-term needs of their consumers. It is a strategy that is often associated with an excessive focus on short-term profits or market share at the expense of long-term sustainable growth.
Short-termism has the potential to lead to a loss of value in the long-term as it can lead to limited investments in R&D and innovative product designs.
Additionally, it can result in loss of consumer trust and loyalty, due to a lack of commitment to quality and customer satisfaction.
As a result, it is important for sport marketers to develop a balanced strategy that takes into account both short and long-term goals in order to ensure sustainable growth.
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if the exchange rate between euros and dollars were 2 euros per dollar, when a french tourist buys a good valued at $80, its cost in euros would be:
The exchange rate between euros and dollars is 2 euros per dollar. When a French tourist buys a good valued at $80, what would be its cost in euros? When a French tourist buys a good valued at $80, its cost in euros would be 160 euros (€160).There are many methods to calculate the cost of euros when a French tourist buys goods valued at $80 when the exchange rate between euros and dollars is 2 euros per dollar. Let's use some of the methods.
Method 1:Using direct proportion,2 euros = 1 dollar So, 1 euro = (1/2) dollar or, 1 dollar = 2 euro Then, the cost of the good valued at $80 in euros would be,80 × 2 = 160
Method 2:Divide the cost of goods valued in dollars by the exchange rate of euros and dollars,$80 ÷ 2 = €40One dollar is equal to 2 euros. This means that $80 is equal to 160 euros.
Hence, the cost of a good valued at $80 in euros would be €160.
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for ordinary workers to affect the industrial order, they had to develop their own kind of integrated system. workers' systematic approach to industrialization was
Workers organized themselves to gain power and autonomy in the industrial order, by forming unions, cooperatives, and associations to bargain for better conditions.
The workers' systematic approach to industrialization was to create an organized structure that allowed them to have more control over the industrial order.
This involved creating associations of workers, cooperatives, unions, and other organizations that had the purpose of collectively bargaining for better working conditions and wages. These organizations would then negotiate with employers, allowing workers to gain more power and autonomy within the industrial order.
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Definition of economics
Answer:
Economics is a social science that studies how individuals, businesses, governments, and societies make decisions about how to allocate scarce resources to satisfy their unlimited wants and needs. It examines how goods and services are produced, distributed, and consumed, and how markets and economies function. Economics is concerned with the study of incentives, the effects of resource allocation on social welfare, and the interactions between economic agents.
the cost components of a custom manufactured part include tooling, processing and raw materials. true or false
The cost components of a custom-manufactured part include tooling, processing, and raw materials. The correct option is true.
Tooling costs refer to the money used to create the tools or machines needed to produce the custom part, processing costs include labor and energy used during the production process, and raw materials are the materials used to create the part.
Components, manufacturing, and processing are all essential parts of the production process that contribute to the cost of a custom-manufactured product. These components are the primary determinants of production costs, and they are critical in determining the total cost of production.
A custom-manufactured part's tooling costs will vary depending on the material used to make the tooling and the size of the parts being produced. The raw material cost depends on the quantity and quality of the raw materials used in the production of the custom-manufactured part.
The processing cost of a custom-manufactured part will depend on the complexity of the part, the quality of the material used, and the number of steps required in the manufacturing process.
The correct option is True.
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chapter 2 an individual's perceptions of the terms and conditions of a reciprocal exchange between himself or herself and the organization is called:
The term for an individual's perceptions of the terms and conditions of a reciprocal exchange between themselves and an organization is called "psychological contract."
A psychological contract is the perceptions of an individual regarding the terms and conditions of a mutual exchange between an individual and the organization, as well as the values and obligations of the parties involved.
It refers to a person's beliefs about what he or she will contribute to an organization and what the organization will provide in return for that contribution. It's a two-way agreement between employees and employers that outlines expectations, responsibilities, and benefits.
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many large corporations, such as walmart and general motors, routinely move their factories to places where wages are lower, such as china, putting workers in their home country out of a job. this is an example of
The practice of large corporations moving their factories to places where wages are lower, such as China, putting workers in their home country out of a job, is an example of outsourcing.
Outsourcing refers to the practice of contracting work to an outside company, often in a different country, in order to reduce costs or increase efficiency. In the case of corporations moving their factories to countries with lower labor costs, they are able to produce goods at a lower cost, which can increase their profits.
However, this practice can also lead to job losses in the home country as workers are displaced by cheaper labor overseas. This has been a controversial issue, with critics arguing that it contributes to economic inequality and unfairly benefits large corporations at the expense of workers in the home country.
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you are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end of the year (D1 = $1.50) and has a beta of 0.9. The risk-free rate is 4.2%, and the market risk premium is 6%. Justus currently sells for $38.00 a share, and its dividend is expected to grow at some constant rate, g.
Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years?
The market believes that the stock price will be $44.08 at the end of 3 years. The expected dividend of the Justus Corporation at the end of the year is $1.50 per share.
We can use the dividend discount model to find the stock price which is as follows:
P0 = D1 / (r - g), where P0 is the current stock price, D1 is the dividend paid after the end of the year, r is the required rate of return on the stocks, g is the growth rate of the dividend. Now, let's calculate the required rate of return (r) as follows:
r = Rf + beta × (Rm - Rf)
r = 4.2% + 0.9 × 6%
r = 9.6%
Therefore, the stock price is: P0 = $1.50 / (9.6% - g)
If we assume that the expected dividend will grow at a constant rate (g), then we can use the formula for the present value of growing perpetuity as follows:
PV = C / (r - g), where PV is the present value of the perpetuity, C is the annual cash flow, r is the discount rate, g is the growth rate.
Putting the values in the above formula we have:
$38 = $1.50 / (9.6% - g)
At the end of 3 years, the expected stock price can be calculated as:
P3 = D4 / (r - g), where D4 is the expected dividend paid after 3 years
Putting the values in the above formula, we get:
P3 = $1.50 × (1 + g)^3 / (9.6% - g)
To find the value of g, we can use the dividend growth model as follows:
P0 = D1 / (r - g)
Dividing both sides by D1 and rearranging, we get:
g = (D1 / P0) + r
Putting the values in the above formula, we get:
g = ($1.50 / $38.00) + 9.6%, g = 13.16%
Now, we can put the value of g in the formula for P3 as:
P3 = $1.50 × (1 + 13.16%)^3 / (9.6% - 13.16%)
P3 = $1.50 × 1.4604 / (-3.56%)
P3 = $44.08
Therefore, the market believes that the stock price will be $44.08 at the end of 3 years.
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as a result we can conclude that a. there has been no change in the price for books or avocados. b. the price of avocados has decreased. c. the price of books has increased. d. the price of books has decreased. e. the price of avocados has increased.
Based on the available information, we cannot deduce anything about the pricing of books or avocados. The only information offered is that the customer has spent less B.
avocados compared to the previous week, but there is no indication of the price change. Also, the customer has spent more money on books, yet, once more, it is unknown if the price has gone up or down. Therefore, we cannot make any conclusions about the changes in price for books or avocados. It is possible that the variations in the consumer's expenditure might be attributable to other variables such as availability, quality, or personal preferences. If the price of books or avocados has changed, further information is required to confirm this.
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by creating consumer wants, advertising and other marketing practices violate multiple choice consumer autonomy. free market economy. rights-based ethical tradition. consumer demand.
By creating consumer wants, advertising and other marketing practices violate consumer autonomy.
Advertising and other marketing practices create consumer wants by exposing consumers to new products and services, persuading them to purchase and use them, and stimulating demand for those products and services.
This violates consumer autonomy because consumers may be unaware of their options or of the potential implications of their decisions, as well as their rights. It also violates the free market economy by distorting competition by creating monopolies or oligopolies and creating artificial needs.
Finally, it violates the rights-based ethical tradition because consumers may be forced to make decisions based on economic and other factors, rather than their own moral principles.
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medusa inc. owns 62% of the outstanding voting shares of gorgon inc. common stock and plans to hold the shares indefinitely. which classification or method will medusa use to account for its investment in gorgon? group of answer choices investment in trading securities investment in available for sale securities equity method consolidation method
The classification or method will medusa use to account for its investment in gorgon is equity method. (option c).
In this case, Medusa Inc. owns 62% of the outstanding voting shares of Gorgon Inc., which gives it significant influence over Gorgon's decision-making process. Therefore, the equity method is the appropriate classification for Medusa Inc. to account for its investment in Gorgon.
Under the equity method, Medusa Inc. will record its investment in Gorgon as an asset on its balance sheet. Medusa Inc. will also recognize its share of Gorgon's earnings or losses on its income statement. This is based on Medusa Inc.'s percentage ownership of Gorgon Inc.'s outstanding shares.
The equity method allows for a more accurate representation of Medusa Inc.'s investment in Gorgon because it takes into account the significant influence that Medusa Inc. has over Gorgon's operations. This method is also appropriate when the investor intends to hold the investment for a long period of time, as is the case with Medusa Inc. and Gorgon Inc.
Hence the correct option is (c).
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multiple choice qu 7-41 (static) part c [lo 7-3] c. tests of controls ordinarily are designed to provide evidence of:
The correct answer for multiple choice question 7-41 (static) part c [lo 7-3] is "The operating effectiveness of controls".
Tests of controls are designed to give evidence about the operating effectiveness of controls. When carrying out the testing of controls, the auditor must evaluate whether the control is working correctly to prevent, detect, or correct material misstatements at the assertion level.
The auditor would use a range of auditing techniques to determine whether the control is working properly, and if it is not, the auditor would evaluate whether the misstatements identified are material and whether the control needs to be improved or the nature, timing, and scope of other auditing procedures are sufficient to minimize the remaining risk to a reasonable level.
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Which of the following best describes automatic stabilizers? a. New government spending and tax policies that influence the economy immediately. b. Government money spent to buy goods and services. c. Standing policies that activate automatically without government intervention, usually during a recession. d. Discretionary actions taken by Congress during an economic downturn.
The following best describes automatic stabilizers is (C) standing policies that activate automatically without government intervention, usually during a recession.
What are automatic stabilizers?Automatic stabilizers are designed to reduce the impact of economic instability without the need for a government intervention. They are built-in economic tools that trigger automatic responses to changes in the economic environment.The automatic stabilizers are often associated with the progressive taxation structure that makes taxes payable by those with high incomes.
As a result, it tends to promote the distribution of wealth and reduce inequality in society. They are usually seen as an effective way to combat economic downturns as they are self-regulating and kick-in during a recession without needing government intervention.Therefore, standing policies that activate automatically without government intervention, usually during a recession best describes automatic stabilizers. Therefore, the correct answers is C.
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Who was not among the singers/entrepreneurs inspired by Sam Cooke? James Brown Bobby Womack Johnny Taylor Otis Redding Berry Gordy
Otis Redding was not among the singers/entrepreneurs inspired by Sam Cooke.
Sam Cooke was an American gospel, R&B, soul, and pop singer, songwriter, and entrepreneur. He is commonly referred to as the King of Soul. His distinctive voice and songwriting abilities set him apart from his contemporaries and influenced a wide range of musicians that followed him
Entrepreneurs are people who take risks to start businesses or undertake significant ventures to make a profit. They are risk-takers, creative, and passionate individuals who believe in themselves and their ideas. Inspired Singers and Entrepreneurs Sam Cooke was an inspiration to numerous singers and entrepreneurs in the music industry. James Brown, Bobby Womack, Johnny Taylor, and Berry Gordy were among them. However, Otis Redding was not among the singers/entrepreneurs inspired by Sam Cooke.
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