The required rate of return for the stock is 14%.
The required rate of return (k) is the minimum rate of return that an investor expects to earn from an investment to compensate for the risk undertaken. In this case, since the dividend is constant and perpetual, we can use the Gordon Growth Model to calculate the required rate of return.
According to the model, the current stock price (P) is equal to the expected dividend (D) divided by the difference between the required rate of return (k) and the growth rate (g) of the dividend stream (P=D/(k-g)).
Since the dividend is constant, the growth rate is zero (g=0). Therefore, we can solve for k by rearranging the equation to k=D/P. Plugging in the values given in the problem, we get k=$1.50/$10.71=0.14 or 14%.
This means that an investor who buys the stock at its current price of $10.71 can expect to earn a return of 14% per year, which includes the $1.50 dividend payout.
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This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $9,030 Unearned Service Revenue 3,520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows: Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of services in exchange for cash. 20 Paid $1,930 to creditors for accounts payable due. 29 Paid a $330 cash dividend. 31 Paid utilities $350. Required: Post to the ledger accounts.
Based on the given trial balance and the October transactions, here are the updated ledger accounts for Wildhorse Co.:
Cash:
Oct. 5: Debit $1,400 (Customers payment)
Oct. 17: Debit $640 (Services performed)
Oct. 20: Credit $1,930 (Accounts payable payment)
Oct. 29: Credit $330 (Cash dividend)
Oct. 31: Credit $350 (Utilities payment)
Accounts Receivable:
Oct. 10: Debit $6,000 (Billed customers for services performed)
Supplies:
No entries for October, balance remains $4,520
Equipment:
No entries for October, balance remains $10,420
Accounts Payable:
Oct. 20: Debit $1,930 (Payment to creditors)
Unearned Service Revenue:
No entries for October, balance remains $3,520
Common Stock:
No entries for October, balance remains $19,230
Retained Earnings:
No entries for October, balance remains $13,420
These entries reflect the specific transactions mentioned in the question and update the respective ledger accounts accordingly. Other accounts and balances remain unchanged.
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what is the current price of a share of stock if a $5 dividend was just paid, the stock has a required return of 20%, and a sustainable growth rate of 6%? group of answer choices $37.86 $35.71 $25.00 $19.23
The current price of a share of stock is $37.86.
The formula for calculating the current stock price using the dividend discount model is P0 = D1 / (r-g), where P0 is the current price of the stock, D1 is the dividend per share next year, r is the required return on the stock, and g is the sustainable growth rate of the company.
In this case, D1 is equal to the $5 dividend just paid, the required return is 20%, and the sustainable growth rate is 6%.
Using the formula, we get: P0 = 5 / (0.20 - 0.06) = $37.86. Therefore, the current price of a share of stock is $37.86.
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Francisca and Garden Estate, Inc., enter into a contract for the use of a Victorian mansion and its grounds for a wedding and reception. If ambiguities appear in the contract, they will be construed against the party that
Francisca and Garden Estate, Inc., enter into a contract for the use of a Victorian mansion and its grounds for a wedding and reception.
If ambiguities appear in the contract, they will be construed against the party that drafted it. This is referred to as the doctrine of contra proferentem.
The doctrine of contra proferentem, also known as “interpretation against the draftsman,” is a general rule of contract law. The rule establishes that when there are ambiguities in a contract, the contract is construed against the party that drafted it or included the ambiguous clause.
It is essential to keep in mind that the doctrine of contra proferentem does not apply when the parties have negotiated their contract on an equal footing and the language is ambiguous. This is due to the presumption that in these instances, the parties intended to create mutual obligations and, therefore, should be held accountable to them. However, the doctrine applies in a contract of adhesion, where the drafting party sets the terms of the contract, which the other party either accepts or rejects as a whole.
Therefore, in the given case, if ambiguities appear in the contract, they will be construed against the party that drafted it.
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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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A style of leadership where leaders consult with followers who are allowed to participate in decision making is __________.
A) chaotic
B) laissez-faire
C) participatory
D) democratic
Explanation:
Participative leadership is a democratic leadership style that consists of involving others into decision making. ... Participative leaders are those who consult their team members before taking any decision, or take the decision first and consult their team members second to see if it is acceptable to them.
Answer:
Explanation:c
PLLZZ HELLLP DUE IN 1 MINNNN
Which list of integers is in order from least to
greatest?
A -42, -39, -4, 40, 41
B -42, 41, 40, -39, -4
C -4, -39, 40, 41, -42
D 41, 40, -4, -39, -42
Feel it all so certainly
I can't stop now, I'm in too deep
And I overtake my senses
And I'll never be in jeopardy
(wave lyrics)
Answer:
A is the correct answer I think hope this helps
Answer:
A
Explanation:
When the lights dim
And we conquer
You start to feel the pull
I can't help but (help but)
Scream out (scream out)
We're unstoppable
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
Riding on that energy
Soaking through the memories
I can't hold back
I'm riding on that energy
Ignite the electricity
Cause you haven't seen the last of me
I'm more than just a memory
Push has just begun to pull
I-I-I can't help but (help but)
Scream out (scream out)
We're unstoppable
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
Riding on that energy
Soaking through the memories
I can't hold back
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
(I can't hold back)
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
I can't hold back
beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost of goods sold?
Answer: $70,000
Explanation: Add ending + Beginning
The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.
What is inventory?The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.
The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.
The calculation for the cost of goods sold
beginning inventory = $20,000
ending inventory = $50,000
purchases of inventory = $100,000
COGS = the starting inventory + purchases – ending inventory
= (20,000+100,000)-50,000
= 120,000- 50,000
= 70,000
Therefore, the Cost of goods sold is $70,000.
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what are the criticisms of maslow theory pdf
The Maslow theory, also known as the hierarchy of needs, is a psychological theory that proposes that humans have a hierarchy of needs that must be met in order for them to achieve self-actualization. While the theory has been widely accepted and used in various fields, there are several criticisms of the Maslow theory.
One criticism of the Maslow theory is that it is too simplistic and does not take into account individual differences. For example, some people may prioritize safety over physiological needs, while others may prioritize self-actualization over esteem needs. Additionally, the theory does not account for cultural differences, as different cultures may have different hierarchies of needs.
Another criticism of the Maslow theory is that it is based on subjective self-reporting, which can be biased or inaccurate. Furthermore, there is a lack of empirical evidence to support the theory, as many of the studies conducted on the hierarchy of needs have been correlational and do not prove causation.
Lastly, some critics argue that the Maslow theory is too focused on individual needs and does not take into account the importance of social and community needs. This criticism suggests that the theory may be too individualistic and does not adequately address the importance of social relationships and support systems in human development.
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Dawn and John own a home together, but they're getting a divorce. They agree that John will keep the house and assume the loan they signed together. Will the alienation clause in their security document prevent the assumption
The alienation clause is a provision in security instruments that prohibits the transfer of ownership interests in the collateral without the lender's consent.
The purpose of the alienation clause is to protect the lender's security interest by ensuring that the borrower retains ownership of the collateral so that the lender has recourse against the borrower if the borrower defaults on the loan. The alienation clause is often included in mortgage agreements, deeds of trust, and other security instruments.
In the case of Dawn and John, they own a home together, and they signed a loan together. John wishes to keep the house and assume the loan. However, there is an alienation clause in the security document they signed. This clause might prevent the assumption of the loan by John, as the lender may not allow the transfer of the collateral to another individual without their consent.
Therefore, Dawn and John may need to seek the lender's permission before the assumption can proceed. It's also important to note that some security documents may have specific provisions allowing for assumption or transfer of ownership under certain circumstances.
It's essential for borrowers to review their security documents carefully to determine whether an alienation clause is present and if so, to what extent it may affect their ability to transfer ownership or assume a loan.
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when using the npv method for a particular investment decision, if the present value of all cash inflows is greater than the present value of all cash outflows, then:
When using the Net Present Value (NPV) method for a particular investment decision, if the present value of all cash inflows is greater than the present value of all cash outflows, then the investment is considered to be a positive NPV investment.
A positive NPV indicates that the investment is expected to generate a return greater than the required rate of return, which is the minimum acceptable return necessary for an investor to consider the investment. In other words, the project is expected to create value for the investor, and it is considered a profitable investment opportunity.
Investment decisions based on the NPV method take into account the time value of money, which means that the value of money changes over time due to factors like inflation and interest rates. By calculating the present value of cash inflows and outflows, the NPV method helps investors assess the potential profitability of a project in today's terms.
In conclusion, when the present value of all cash inflows is greater than the present value of all cash outflows in the NPV method, it signals a favorable investment decision. A positive NPV implies that the project is likely to generate returns higher than the investor's required rate of return and create value, making it an attractive investment opportunity.
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complete the template below to help you plan out your letter
my product it’s a custom can of Pringle’s and I made the flavor of Pringle’s popcorn
I. Paragraph one- Introduction
1. (introduce yourself and explain your experience related to the product) _____________________________________________________________________
2. (explain why you are writing) _____________________________________________________________________
3. (briefly describe your food product and name for your food) _____________________________________________________________________
II. Paragraph two- Describe your Food Product
1. ( describe the flavors, ingredients, texture) _____________________________________________________________________
2. (what does your food look like) _____________________________________________________________________
3. (how is your food unique – what makes it different than other products out there) _____________________________________________________________________
III. Paragraph three- Describe the Packaging
1. (describe the colors in your packaging )____________________________________________________________
2. (describe any images, art, or photos on the package) _____________________________________________________________________
3. (describe the size and materials used in the package) ______________________________________________
IV. Paragraph four- Convince The Company
1. (describe the target population who will buy the food (ex. Moms, diabetics, vegetarians, teens) _____________________________________________________________________
2. (why should they make and market your food?)________________________________________
_______________________
3. (how much will you sell your food for? Sold individually or in larger quantities?) _____________________________________________________________________
V. Paragraph five- Conclusion
1. (Tell what you want the company to do) ______________________________________________
_____________________________________________________________________
2. (Restate what makes your food delicious) ____________________________________________
_______________________
3. (Restate what makes your food unique) ______________________________________________
_______________________
Answer:
Paragraph 1-
Introducing myself-
1.)
Hey, my name is... and I absoultey *love* Pringles, my favorite flavor is...because...(explain here<why you love that flavor and what you like most about it)...*add things about you and pringles to make the paragraph complete*
2.)
I have made such an outstanding flavor of Pringles, it is made of the most loved food by every human on Earth, POPCORN!
I can assure you that you will want to try my product by the time my presentation has come to an end, and boy-oh-boy do I want to as well!
3.)
Pringles are amazing. Though how would you love Popcorn Pringles? Huh, you do? Yup, I bet your pupils dilated and I got your taste buds alert!
4.)
What does my product contain? It consists of the delicious flavor of popcorn and (include your ingredients and texture of food)
5.)
What do my simple yet intricate Pringles look like? They look like *add your answer,
Any questions that have to do with describing your product would be up to you since I don't have the slightest idea of what it looks like...**
Convincing the Company-
You are looking at consumers from various categories starting from Children ranging to Elders. Vegetarians to Carnivores. I guarantee this will also include popcorn dislikers.
Why should they make the market?
Simply because they are tasty and different...all you see now is Pizza flavored Pizza, BBQ flavored brisket, Soy sauce flavored noodles. My product will be an attraction to all stores! Popcorn flavored Pringles, I mean are you kidding me, its genius, and anyone who thinks otherwise is someone who has not tried them.
How much will I sell it for?
*add your answer* Why? The reasons being, I want my product to be available to everyone.
What I want the company to do is...add your answer
The simple thought of a taste of a popcorn flavored on a Pringle makes me want to jump on a pogo stick and complete a world record!!!
The uniqueness is simple noone has made Popcorn flavored pringles and.. *add another statement on why your product is unique*
I DID MOST OF THE QUESTIONS FOR YOUR SLIDES, I HOPE THIS HELPED YOU AND MADE YOUR ASSIGNMENT EASIER FOR YOU :)
I KNOW HOW IT FEELS TO HAVE A PROJECT DUE AND POSTING IT AND FOR NONE TO HELP YOU OUT, THATS WHY I ANSWERED, THIS IS MY TROLL ACCOUNT BUT THANK ME ON MY OTHER ACCOUNT SamHdzBxby.
Your Welcome :)
Kimberly bought a painting 35 years ago for $3400 and it's currently worth $7400. She tripled her money on this investment: however. what is her annualized return on this investment?
a. 4.01%
b. 0.47%
c. 2.63%
d. 2.25%
Therefore, Kimberly's annualized return on her investment was 2.25%. option d
Annualized return is defined as the average return on an investment over a period of time, expressed as a percentage per year. It's an essential measure of how well an investment has performed over time. It's a valuable tool for investors to use when determining which investments to purchase.
In this context, Kimberly purchased a painting for $3,400 and sold it for $7,400 35 years later.
We will determine the annualized return on this investment. We'll start by calculating the total return on investment.
ROI = ((sale price - purchase price) / purchase price) * 100
ROI = ((7400 - 3400) / 3400) * 100
ROI = 117.6%Kimberly's return on investment was 117.6 percent.
This means she tripled her money. We'll now determine the annualized return.
Annualized ROI = (1 + ROI)^(1 / n) - 1
Where n is the number of years the investment was held.
Annualized ROI = (1 + 117.6%)^(1 / 35) - 1
Annualized ROI = 2.25%.
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Compute the following probabilities using the standard normal curve p(z 1. 53)
To compute the probability using the standard normal curve, we can use a Z-table or a statistical calculator. Assuming that you are looking for the probability of a standard normal random variable being less than 1.53, we can find this probability by looking up the corresponding Z-score in the Z-table.
Using the Z-table, the probability of a standard normal random variable being less than 1.53 is approximately 0.9370.
Therefore, p(z < 1.53) is approximately 0.9370, or 93.70%.
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Federally-funded grants require the student to...
earn above average grades.
have a membership in a high school club.
perform volunteer work for a local community
agency.
have financial need only.
Answer:
Explanation:
have financial need only
Federally-funded grants typically require students to have financial need only, as they are designed to provide financial assistance to students who may not have the means to pay for their education. Therefore, option D is correct.
Federally-funded grants are financial assistance programs provided by the government to support students in pursuing their education. These grants are typically awarded based on financial need, considering factors such as income, family size, and assets.
They aim to ensure that students from low-income backgrounds have access to higher education opportunities. Unlike loans, grants do not need to be repaid, making them an attractive form of aid.
Federal grants include programs like the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG), among others.
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education opens the door to employment.
Answer:
yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.
Which development with most reflects Karl max is belief in the economic system that he predicted to replace free market
The development with most reflects Karl max that is belief in the economic system that he predicted to replace free market is option B. Workers share all the profits generated from a factory. Read below about Karl Max's belief in economic system.
What is Karl Max's belief on the economic system?Marx believed that in a capitalist system, society would inevitably divide themselves into two classes – the business owners and the workers. The workers would produce the material goods and conduct all the labor, while the owners would reap all the financial and social benefits.
Therefore, the correct answer is as given above
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The complete question goes thus:
Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets? A. Governments eliminate all taxes on wealthy corporations. B. Workers share all the profits generated from a factory. C. Companies begin to sell their products in overseas markets. D. Businesses refuse to hire workers who demand high wages.
what are the main features that distinguish debt from equity? is there more debt or equity outstanding in the united states?
The main features that distinguish debt from equity include: 1. Ownership: Equity represents ownership in a company, while debt is a loan that must be repaid.
2. Risk: Debt is generally considered less risky than equity, as debt holders have a higher priority claim on the company’s assets.
3. Return: Equity holders are entitled to a share of the profits of the company, while debt holders are entitled to a fixed rate of return, regardless of the company’s performance.
4. Control: Equity holders have voting rights and can influence the company’s decisions, while debt holders do not.
In the United States, there is more debt outstanding than equity. This is because when companies need to finance their operations, they are more likely to issue debt rather than issue equity. This is because debt is generally considered to be less risky and it is easier to issue debt than it is to issue equity.
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Which of the following should appear in the income statement of a limited
company. I auditors fees, Il debenture Interest, III directors remuneration *
I and II Only
I and Ill only
II and III Only
I, II and III
Explanation:
I, II and III
The Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing. providing people with a place to stay, food, assistance, and fun activities. providing care, support, and natural resources to people in need. scientific study, research, and experiments for medical and other purposes.
Answer:
The correct answer to this question is A.
Explanation:
The Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing.
Hopefully, this helps! :D
Ask your question below!
Providing care, support, and natural resources to people in need is generally associated with the Agriculture, Food, and Natural Resources career cluster is a group of careers focused on plants, animals, natural resources, food production, and food processing.
What is the meaning of natural resources?Natural resources are those that are derived from nature and used largely unaltered. This encompasses the origins of desirable traits like those used for business and industry, aesthetic appeal, scientific curiosity, and cultural significance.
These are resources that are created naturally from materials found in the environment. Natural resources include things like air, water, sunlight, soil, rock, plants, animals, and fossil fuels.
In essence, we refer to these resources as "natural" resources because they are items that human society consumes that were produced (or, in the case of fossil fuels, were produced) without human involvement.
Human welfare depends heavily on natural resources. We cannot survive without the freshwater we drink, the plants we consume, or the pure air we breathe. To build roofs over our heads and also heat our homes, we require natural resources. For us to live and prosper, they are essential.
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As described in the module and by Brookfield and Padoch in their article, Agrodiversity as a concept could include, broadly (check all that apply):
All the set of crop and soil management methods in use by different farming communities in a region or globally.
The range of income levels in a community that explains people's ability to engage in market-based agriculture.
Creating diverse environments for food-growing that complement the diversity of cultivated plants.
Innovations that result in the ability to survive a dramatic change in the climate or other aspect of growing conditions for food.
It emphasizes innovations that lead to the ability to withstand dramatic changes in the climate or other aspects of growing conditions for food. The correct option is A, C and D.
As described in the module and by Brookfield and Padoch in their article, Agrodiversity as a concept could include, broadly all the set of crop and soil management methods in use by different farming communities in a region or globally, creating diverse environments for food-growing that complement the diversity of cultivated plants and innovations that result in the ability to survive a dramatic change in the climate or other aspect of growing conditions for food. Therefore, the correct options are: A. All the set of crop and soil management methods in use by different farming communities in a region or globally.C. Creating diverse environments for food-growing that complement the diversity of cultivated plants.D. Innovations that result in the ability to survive a dramatic change in the climate or other aspect of growing conditions for food.
Agrodiversity, as a concept, describes all of the crop and soil management practices used by different farming communities in a region or globally. Additionally, it also refers to the creation of varied environments for food cultivation, which complements the diversity of cultivated plants. Lastly, it emphasizes innovations that lead to the ability to withstand dramatic changes in the climate or other aspects of growing conditions for food.
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1. Castalia Co. has net income (500 K), preferred dividends declared ($100 K), and common shares outstanding (230K). What is the company's EPS, to the nearest penny? 2. Castalia Co. has the following: earnings before income tax ($675 K), discontinued operations loss ($100K), gain on disposal of discontinued net assets ($150K), tax rate (30%), common shares outstanding (250K), and preferred dividends declared ( $50 K). Both of the discontinued items are pre-tax. What is the amount of Tax Expense reported on the face of the income statement?
1) The Castalia company's EPS is approximately $1.74. 2) The amount of Tax Expense reported on the face of the income statement is $217,500.
1. To calculate the company's Earnings Per Share (EPS), we need to divide the net income available to common shareholders (after deducting preferred dividends) by the number of common shares outstanding.
Net Income available to common shareholders = Net Income - Preferred Dividends
Net Income available to common shareholders = $500,000 - $100,000 = $400,000
Earnings Per Share (EPS) = Net Income available to common shareholders / Common Shares Outstanding
EPS = $400,000 / 230,000 = $1.74
2) To determine the amount of Tax Expense reported on the face of the income statement, we need to calculate the income tax expense based on the given information.
Taxable Income = Earnings before income tax - Discontinued operations loss + Gain on disposal of discontinued net assets
Taxable Income = $675,000 - $100,000 + $150,000 = $725,000
Tax Expense = Taxable Income * Tax Rate
Tax Expense = $725,000 * 30% = $217,500
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
the prisoners' dilemma provides insights into the a. benefits of government ownership of monopoly. b. difficulty of maintaining cooperation. c. benefits of avoiding cooperation. d. ease with which oligopoly firms maintain high prices
The prisoners' dilemma provides insights into the difficulty of maintaining cooperation.
The prisoner's dilemma is a scenario in which two parties that are cut off from one another and unable to communicate must decide whether or not to cooperate. When both sides decide to work together, everyone benefits the most.
According to game theory, a scenario known as a prisoner's dilemma occurs when two selfish players are forced to make a decision that is not in their best interests. The prisoner's dilemma also demonstrates that simple collaboration is not always advantageous.
In the scientific literature, The Prisoner's Dilemma (PD) is one of the most well-known ideas. By offering participants the option to defect or cooperate in a particular social environment or issue, the task is used to explore various sorts of social interactions.
Hence the correct option is B
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Whether the competitive strategy is based on differentiation or low cost, the ________ has the advantage.
Whether the competitive strategy is based on differentiation or low cost, the Company has the advantage.
What do you mean by competitive strategy?
Competitive advantage is defined as the advantage that describe various factors which allow a company to produce goods or services better or more lower rates than its competitors. This enables producers to manufacture more sales or superior margins compared to its market rivals.
If a particular firm produce a good or service more efficiently than its competitors that automatically leads to greater profit margins, and thus creates a comparative advantage for the firm.
Hence, a competitive advantage allows a company to perform better than its competitors.
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How does Dave Ramsey create a budget?
Dave Ramsey is a personal finance expert and radio host who is well-known for his advice on budgeting and managing money. He has developed a specific method for creating a budget, known as the "cash envelope system."
The cash envelope system is based on the idea that it's easier to stick to a budget when you're physically handing over cash for expenses, rather than using a debit or credit card.
Dave Ramsey recommends dividing your budget into categories, such as groceries, entertainment, and gas. Then, you should withdraw cash from the bank for each category and put it into a labeled envelope. When the money in the envelope is gone, you know you've reached your budget for that category for the month.
To start creating a budget using Dave Ramsey's method, you should first take stock of your income and expenses. Make a list of all your income sources, including your salary or wages, any rental income, or any other sources of money you receive. Then, make a list of all your expenses, including rent or mortgage, utilities, transportation, and food.
Next, you will need to prioritize your expenses. Dave Ramsey recommends starting with the four "walls" of your budget: housing, utilities, transportation, and food. These are considered the most essential expenses and should be paid for first.
After that, you should allocate money for savings and debt repayment.
Once you've determined your income and expenses and prioritized your spending, you can begin to allocate your money into different categories.
Dave Ramsey suggests using the "50/30/20 rule" to guide your allocations: 50% of your budget should go towards necessities, 30% should go towards wants, and 20% should go towards savings and debt repayment.
Finally, you should track your spending throughout the month to make sure you're sticking to your budget. You can use a budgeting app or spreadsheet to keep track of how much money you've spent in each category. If you find that you're overspending in a certain category, you'll need to adjust your budget accordingly.
By following Dave Ramsey's cash envelope system and budgeting method, you'll be better able to manage your money and achieve your financial goals. It takes some discipline, but with practice, you'll be able to budget your money effectively and achieve financial stability.
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what is a breadwinner
trabalho ou instrumento de trabalho que garante a subsistência do trabalhador; ganha-vida
objective use to
achieve money
allocation to achieve
la desired outcome
Mark’s food for lunch cost $12. the restaurant added a 5 percent sales tax, $0.60, to the bill. mark wants to pay a 20 percent tip on the total bill including sales tax. what is the amount of the tip? $2.28 $2.40 $2.52 $3.00