Fast Service Store has maintained daily sales records on the various size "Cool Drink" sales.
"Cool Drink" Price Number Sold
$0.50 75
$0.75 120
$1.00 125
$1.25 80
Total 400
Assuming that past performance is a good indicator of future sales,
(a) what is the probability of a customer purchasing a $1.00 "Cool Drink?"
(b) what is the probability of a customer purchasing a $1.25 "Cool Drink?"
(c) what is the probability of a customer purchasing a "Cool Drink" that costs greater than or equal to $1.00?
(d) what is the expected value of a "Cool Drink"?
(e) what is the variance of a "Cool Drink"?

Answer: Look over recent news about the company.

Explanation: I took the test and got it right. :D

Answer:

B

Explanation:

Answer:

Transactional leader.

Explanation:

Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.

This ultimately implies that, beyond an individual possessing the traits or qualities of a leader, leadership in itself is a process that revolves around the activities or happenings between the leader and those who he or she is leading, which are the followers. Thus, leadership is simply a continuous process and it's transactional in nature because it occurs between a leader and the followers.

In this scenario, Tanya has recently been appointed CEO of a corporation that specializes in computer software. The corporation has made a substantial profit since she joined due to her emphasizing the importance of deadlines and sales goals to her software design team. Thus, Tanya is best described as a transactional leader because she is more concerned with her team (followers) meeting set targets (goals) or defined requirements, objectives and expected level of results (performance).

Answer:

7 years (to the nearest year)

Explanation:

Given that;

A = amount

P= principal

t = time

r = rate

A =3P(given in the question)

Formula for compound interest;

A = P(1 + r)^t

Substituting values;

3P = P(1 + 18/100)^t

3P/P= (1.18)^t

3 = (1.18)^t

log 3 = t log 1.18

t = log 3/log 1.18

t = 0.4771/0.0719

t = 6.6 years

t = 7 years (to the nearest year)

The statement is true because the relevant range of activity refers to the range of production or sales volume in which a firm can operate efficiently and profitably.

It is the level of activity where all fixed costs and variable costs can be covered, and the firm can earn income. Outside of this range, the fixed costs cannot be covered, and losses will be incurred. Therefore, it is crucial for the management of a firm to identify its relevant range of activity to make informed decisions about pricing, production, and sales.

By doing so, the firm can optimize its profitability and avoid incurring unnecessary costs and losses. In conclusion, the relevant range of activity is a critical concept that affects the overall financial performance of a firm.

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Dan's insurance would pay nothing because the expense is not covered by a third-party accident claim. Dan's insurer would pay $0 and Rodney's insurer would pay the whole $3500.

What is insurance?
Insurance is a form of financial protection in which, in exchange for a fee, one party undertakes to compensate another party in the case of a specific loss, damage, or injury. It is a type of risk management that is primarily used to mitigate the risk of a dependent or uncertain loss. An insurer, insurance business, insurance provider, or underwriter is a company that offers insurance. A policyholder is a person or entity who purchases insurance, whereas an insured is a person or entity who is covered by the policy. Policyholder and insured are frequently used interchangeably, although they are not synonymous, because coverage might occasionally extend to extra insureds who did not purchase the insurance.

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The principle that more will be offered for sale at higher prices than at lower prices is the law of supply.

This law states that when the price of a good or service increases, the quantity supplied will also increase. On the other hand, when the price of a good or service decreases, the quantity supplied will decrease as well.This law applies to all goods and services, regardless of the industry or sector. It is one of the most fundamental principles of economics and is used to explain many economic phenomena, including the behavior of producers in markets.

The supply curve is determined by the cost of production, technological progress, and the availability of resources. When the cost of production increases, the supply curve shifts to the left, and when the cost of production decreases, the supply curve shifts to the right.The availability of resources also affects the supply curve. When there are more resources available, the supply curve will shift to the right, and when there are fewer resources available, the supply curve will shift to the left.

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A global marketers may devise creative solutions for getting their products to hard-to-reach consumers in developing countries, this type of solution is part of the firm's distribution strategy.

It refers to the comprehensive process of making products and services available to businesses and target customers for their use. In other word, it means the strategy that is used make a product or a service available to the target customers through its supply chain.

As the strategy involves the method used to bring products, goods and services to customers or end-users, the marketers often gain repeat customers by ensuring an easy and effective way to get your goods and services to people, depending on the item and its distribution needs.

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Answer:

You would contribute 126,000 if it was over the period of 30 years, and you would contribute 168,000 if it was over the period of 40 years. Over those 30 years the amount that came from the growth of the investment would be 1,097,236. Over those 40 years the amount that came from the growth of the investment would be 3,949,667

Explanation:

An individual would contribute 126,000 if it was over a period of 30 years, and one would contribute 168,000 if it was over a period of 40 years. Over those 30 years, the amount that came from the growth of the investment would be 1,097,236. Over those 40 years, the amount that came from the growth of the investment would be 3,949,667.

When one is concerned about the future and having enough money to meet all their basic needs and luxury needs as well, one would like to save more and more money for this purpose.

The best procedure is to go through a bank and open an account. On the other hand, one can make contributions for a particular time period. It can be for 10 years, 20 years, or many more.

With that passage of time, the investment that has been made will also go and, after a certain period of time, whatever one has invested will get one back but with the particular amount of interest that has been added on to it.

When one gets the whole investment, it will be easy for one to use that lump sum amount wherever they want.

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The component of a software package or application that you are describing is an Electronic Performance Support System (EPSS).

An EPSS is a type of software system that provides users with on-demand access to training and educational resources within the context of their work. It is designed to improve job performance by providing users with the information and tools they need to complete tasks effectively and efficiently.

An EPSS may include a variety of components, including:

EPSS is particularly useful in industries such as healthcare, finance, and manufacturing, where employees may require access to a large amount of information to complete their tasks effectively.

By providing on-demand access to training and educational resources, an EPSS can help improve job performance, reduce errors, and increase efficiency.

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Answer:

Option C

Explanation:

In simple words, A designated beneficiary , often termed as named beneficiary, refers to a person who is stipulated by a signed legal contract and who has the right to receive money from a fund, insurance fund, pension scheme account, IRA, or some other digital currency. By the point of transaction several designated owners of a single property would share in the profits.

The answer is Active asset management

The portfolio management technique that uses a market index as a performance benchmark that the asset manager must exceed is called Active asset management.

What is active asset management?

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Answer:

The employment cost index

Explanation:

The employment cost index accounts for changes in the composition of the workforce

The exposure to exchange risk as a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley is £214,286.

1. Determine the value of your equity stake in both scenarios (boom and recession).

Boom scenario:

Equity value: $1,000,000
Exchange rate: $1.40/pound
Pound value: $1,000,000 / $1.40 = £714,286

Recession scenario:

Equity value: $500,000
Exchange rate: $1.60/pound
Pound value: $500,000 / $1.60 = £312,500

2. Calculate the expected value of your equity stake in pounds using the probabilities provided.

Expected value = (Probability of boom * Pound value in boom) + (Probability of recession * Pound value in recession)

Expected value = (0.7 * £714,286) + (0.3 * £312,500)

Expected value = £500,000

3. Estimate your exposure to exchange risk by finding the difference between the pound value in the boom scenario and the expected value.

Exposure to exchange risk = Pound value in boom - Expected value

Exposure to exchange risk = £714,286 - £500,000

Exposure to exchange risk = £214,286

Your estimated exposure to exchange risk is £214,286.

Note: The question is incomplete. The complete question probably is: Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley. As a British resident, you are concerned with the pound value of your U.S. equity position. Assume that if the American economy booms in the future, your equity stake will be worth $1,000,000, and the exchange rate will be $1.40/pound. If the American economy experiences a recession, on the other hand, your American equity stake will be worth $500,000, and the exchange rate will be $1.60/pound. You assess that the American economy will experience a boom with a 70 percent probability and a recession with a 30 percent probability. Estimate your exposure to the exchange risk.

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Answer:

Number 1

Explanation:

Number 1 is correct

Bendel Inc. Has operating leverage of 4. 7. If the company's sales increase by 12%. Its net operating income should increase by about 56.4%

Percentage change in net operating income = Degree of operating leverage × Percentage change in sales

= 4.7 x 12%

= 56.4%

An accounting term known as operating income measures the amount of profit made from a company's operations after operating costs like salaries, depreciation, and cost of goods sold has been subtracted.

Operating income, also known as income from operations, is calculated by deducting all operating costs from a company's gross income, which is equal to total revenue minus the cost of goods sold. Operating costs are those incurred by a business during regular business operations and include things like office supplies and utilities.

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Older brands that ride a wave of nostalgia and return to the marketplace are known as​ Retro brands. It is a way of coordinating advertising campaigns with things that elicit emotional reactions from the past.

When looking for a nostalgia marketing concept, the simplest approach to explaining the concept is to think of it as a way of coordinating advertising campaigns with things that elicit emotional reactions from the past. We already understand that emotional marketing has the ability to persuade customers to take action and represent the interests of their favorite brands. Using strong memories, on the other side, is often one of the most effective tools to elicit emotion - especially if you're trying to target a millennial audience. Retro brands are older brands that cruise a nostalgia wave and come back to the market.

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1. Accounts affected by the errors at January 1, 2024, before any adjustments need to be determined.(2.) A journal entry should be prepared to correct the error.(3.) Additional steps may be required to address the error.

1. Accounts affected by the errors: The errors in the amortization schedule caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. As a result, the interest expense account for both years would be understated. The notes payable account would also be affected because the correct amount of interest expense should have been included in the note payable balance. Therefore, at January 1, 2024, before any adjustments, the interest expense and notes payable accounts would be incorrect due to the errors.

2. Journal entry to correct the error: To rectify the errors, a correcting journal entry needs to be made. The entry would involve increasing the interest expense account by $45,000 for 2022 and $40,000 for 2023, as these amounts were previously understated. Additionally, the notes payable account should be adjusted by the same amounts to reflect the correct balances. The journal entry would debit the interest expense account and credit the notes payable account.

3. Other steps in connection with the error: Apart from the journal entry, further steps may be taken to address the error. This may include notifying external parties, such as auditors or stakeholders, about the correction made to the financial statements. It is important to ensure that the corrected financial statements are properly communicated and any necessary disclosures or adjustments are made to prevent future misstatements. Internal controls and review processes may also be evaluated or strengthened to minimize the chances of similar errors occurring in the future.

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Answer:

True

Explanation:

Benefits are things that improve the well-being of employees. They could be in monetary or non-monetary format. The Majority of benefits relate to employees' healths and their life after retirement.

Apart from salaries, employers offer benefits to employees to make the job offer more attractive. Benefits also act as a source of motivation for workers. They are a way of showing that the employer cares for the workers. Benefits improve the employer-employee relationship.

Answer:

Market research

Explanation:

Answer:

easy a

Explanation:

easy a

Answer: “Personal and organized” is the answer you’re looking for

Explanation: got it right on A PEX

The correct answer is option (a) Estimate sales.

The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.

In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.

In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.

Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.

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Answer:

4. Bonds

Explanation:

Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.

When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.

Answer:

a

Explanation:

u should never let the customer know that they are wrong

The best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management. The correct option is (A).  

Customer complaints relate to when a firm does not deliver on its commitment and does not satisfy customer expectations in terms of the product or services. Every business's customers are its most important component.

Customer complaints provide your team the chance to engage in open dialogue with your clients.

These exchanges might make your clients feel like they are essential to your success.

Customer complaints give you important information about how well-trained your front-line staff is and how to make improvements.

Therefore, the best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management.

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The component cost of debt is the pre-tax cost of debt adjusted for the tax savings from the interest expense. the component cost of debt for Kenny Electric Company is 6% (rounded to the nearest whole number) when using the adjusted pre-tax cost of debt in the WACC calculation.

First, let's calculate the pre-tax cost of debt.

Since the bond has a 10% annual coupon paid semiannually, the semiannual coupon payment is:

$1,000 par value x 10% annual coupon rate / 2 semiannual payments = $50

The current market price of the bond is $2,000, which is a premium to the par value.

The yield to maturity on the bond can be calculated using the following formula:

PV = C / \((1 + r)^1\) + C /\((1 + r)^2\) + ... + C + F /\((1 + r)^n\)

Where:

PV = present value of the bond (market price of $2,000)

C = semiannual coupon payment of $50

r = semiannual yield to maturity (pre-tax cost of debt)

F = par value of the bond ($1,000)

n = number of semiannual periods (2 x 20 = 40)

Using a financial calculator or spreadsheet, we can solve for the semiannual yield to maturity (pre-tax cost of debt) that makes the equation hold true:

PV = $2,000

C = $50

F = $1,000

n = 40

The semiannual yield to maturity is 4.66%.

To find the pre-tax cost of debt, we need to double the semiannual yield:

Pre-tax cost of debt = 2 x 4.66% = 9.32%

Next, we need to adjust the pre-tax cost of debt for the tax savings from the interest expense.

Tax savings = interest expense x tax rate

Since the bond has a 10% annual coupon rate, the semiannual interest expense is $50 x 0.10 = $5.

Tax savings = $5 x 40% = $2

Adjusted pre-tax cost of debt = pre-tax cost of debt x (1 - tax rate)

Adjusted pre-tax cost of debt = 9.32% x (1 - 40%) = 5.59%

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The establishment/items that can ave a single owner includes:

This refers to any form of establishment that can be owned and operated by a natural person.

Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.

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Answer:

This question is incomplete. Since it is missing most of the information, I looked for a similar question and found this:

2018:

2019:

Issued $10,000 of common stock for cash.

Dr cash 10,000

   Cr common stock 10,000

Provided $78,000 of services on account.

Dr accounts receivable 78,000

    Cr service revenue 78,000

Provided $36,000 of services and received cash.

Dr cash 36,000

    Cr service revenue 36,000

Collected $69,000 cash from accounts receivable.

Dr cash 69,000

    Cr accounts receivable 69,000

Paid $38,000 of salaries expense for the year.

Dr wages expense 38,000

    Cr cash 38,000

Adjusted the accounting records to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 450

    Cr accounts receivable 450

Closed the revenue account. Closed the expense account.

Dr service revenue 114,000

    Cr income summary 114,000

Dr income summary 38,450

    Cr wages expense 38,000

    Cr bad debt expense 450

Dr income summary 75,550

    Cr retained earnings 75,550

Service revenue           $114,000

Expenses:

Net income                   $75,550

Assets:

Cash $77,000

Accounts receivable $8,550

total assets                                           $85,550

Equity:

Common stock $10,000

Retained earnings $75,550

total equity                                            $85,550

Cash flows form operating activities:

Net income                                      $75,550

adjustments:

Increase in accounts receivable     ($8,550)

net cash from operating activities  $67,000

Cash flow from financing activities:

Common stocks issued                   $10,000

Net cash increase                           $77,000

beginning cash balance                          $0

Ending cash balance                      $87,000

Wrote off an uncollectible account for $650.

Dr bad debt expense 650

    Cr accounts receivable 650

Provided $88,000 of services on account.

Dr accounts receivable 88,000

    Cr service revenue 88,000

Provided $32,000 of services and collected cash.

Dr cash 32,000

    Cr service revenue 32,000

Collected $81,000 cash from accounts receivable.

Dr cash 81,000

    Cr accounts receivable 81,000

Paid $65,000 of salaries expense for the year.

Dr wages expense 65,000

    Cr cash 65,000

Adjusted the accounts to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 745

    Cr accounts receivable 745

Service revenue             $120,000

Expenses:

Net income                      $53,605

Assets:

Cash $125,000

Accounts receivable $14,155

total assets                                           $139,155

Equity:

Common stock $10,000

Retained earnings $129,155

total equity                                            $139,155

Cash flows form operating activities:

Net income                                      $53,605

adjustments:

Increase in accounts receivable     ($5,605)

net cash from operating activities  $48,000

Net cash increase                           $48,000

beginning cash balance                 $77,000

Ending cash balance                    $125,000

net realizable value of accounts receivable 2018 = $8,550

net realizable value of accounts receivable 2019 = $14,155