Answer:punitive
Explanation:
5. Your light bulb manufacturer pre-sells about 75% of their product. The remainder of the finished stock is stored in a warehouse that they own. There
loss to the warehouse and all the unsold finished stock is destroyed. How is this covered?
Manufacturers Selling Price Endorsement
Business Income
Commercial Property
Contingent Business Interruption
4
The coverage for the loss of the warehouse and unsold finished stock would typically fall under the Commercial Property insurance policy. The correct option is C.
Commercial property insurance covers physical loss or damage to a company's assets, such as its buildings, contents, and inventory. There are various coverage alternatives available for this situation within the Commercial Property policy. It's possible that the manufacturer has a policy endorsement referred to as "Manufacturers Selling Price Endorsement" or "Selling Price Endorsement." This endorsement does not cover the cost of manufacture or market value, only the loss of finished items or products at their selling price.
Thus, the ideal selection is option C.
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Question 2.
Sooraj works as a salesman in a company selling pet accessories and food. He has been given a target of selling 1200 units of the food packets in a month by offering a maximum of 10% discount to his customers. In order to meet his monthly sales target, on the last two days of the month, he offers 15% discount to his customers.
In the context of the above case, is Sooraj effective in his work? Explain by giving a suitable reason in support of your answer.
Sooraj is effective in his work. This is because Sooraj was able to sell 1200 units of food packets in a month. Although he provided a 10% discount on the food packets, he was still able to meet his monthly sales target.
In addition, Sooraj offered a 15% discount on the last two days of the month to increase his sales target. It can be seen that the customers were attracted to the discount offer and Sooraj was successful in selling more units.
So, he is effective in his work because he was able to sell 1200 units of food packets in a month by offering a maximum of 10% discount to his customers and providing 15% discount to his customers on the last two days of the month.
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From the case Ford Hybrid Car Case, by ARVIND RANGASWAMY
Develop forecasts of hybrid car penetration in the U.S. market from 2007 through 2016 for each scenario you develop, along with a justification and explanation for your forecasts. (In applying the Bass model, note that market penetration data for the three analog products mentioned in the case, namely, ABS, EFI, and Diesel cars, were all reckoned in terms of the percentage of the target market that adopted the product. Thus the maximum market potential can at most be equal to 100).
The forecasts of hybrid car penetration in the U.S. market from 2007 through 2016 for each scenario are Optimistic, Pessimistic and Realistic.
Scenario 1: Optimistic
In this scenario, I assume that the following factors will contribute to the growth of the hybrid car market:
Increasing awareness of the environmental benefits of hybrid carsGovernment incentives for purchasing hybrid carsContinued improvement in the performance and affordability of hybrid carsBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 10% by 2016.
Scenario 2: Pessimistic
In this scenario, I assume that the following factors will hinder the growth of the hybrid car market:
High price of hybrid carsLack of charging infrastructureConsumer resistance to changeBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach only 5% by 2016.
Scenario 3: Realistic
In this scenario, I assume that the following factors will influence the growth of the hybrid car market:
A combination of the factors in the optimistic and pessimistic scenariosBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 7% by 2016.
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5. Patrice is creating a report that will contain financial information for each month in the last fiscal year, including
sales, cost of goods sold, fixed costs, variable costs, and scrap costs. This information is quantitative, and he doesn't
want to use a lot of space. What visual aid is best for this?
The best visual aid for creating a report that will contain financial information for each month in the last fiscal year, including sales, cost of goods sold, fixed costs, variable costs, and scrap costs will be a graph.
What is visual aid?Visual aids are visual elements such as graphics, photos, and video clips that are used in addition to audio information. Visual aids are selected according to their purpose of Summarize InformationDescriptive material, such as a movie, slide, or model, is designed to supplement plainly written or spoken information.Mainly visual aids such as charts, maps, models,educational films or film strips.it is the representation of the relationships between data, ideas, information, and concepts that is easy to understand and one of the most important learning strategies. This type of presentation is more effective for understanding and comparing data than a tabular format.Also, it helps to qualify, sort, and present your data in a way that is understandable to a wider audience. Charts allow us to explore of causal relationships between two variables through both time series and frequency distributions. Data from various surveys are charted using symbols such as lines in line charts, bars in bar charts, or slices in pie charts. This visual representation helps clarify, compare, and understand numerical data.to know more about visual representation refer here
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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When Holly entered the competition, she had a __percent chance of winning.
When Holly entered the competition, she had a __percent chance of losing.
When Lefty entered the competition, he had a __percent chance of winning.
When Lefty entered the competition, he had a __percent chance of losing.
By the October 6 and 7 round, Holly had ___percent chance of winning.
By the October 8 round, Holly had a ___percent chance of winning.
Answer:
PERCENT CHANCE = ((No of Probable Outcome) / (Total no of population)) * 100
1. When Holly entered the competition , she had a _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 8
Percent chance = (1/8) * 100 = 12.5%
2. When Holly entered the competition , she had a _____ percent chance of losing.
No of probable outcomes = 7
Total no of population = 8
Percent chance = (7/8) * 100 = 87.5%
3. When Lefty entered the competition , he had a _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 8
Percent chance = (1/8) * 100 = 12.5%
4. When Lefty entered the competition , he had a _____ percent chance of losing.
No of probable outcomes = 7
Total no of population = 8
Percent chance = (7/8) * 100 = 87.5%
5. By the October 6 & 7 round, Holly had _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 4
Percent chance = (1/4) * 100 = 25%
6. By the October 8 round, Holly had _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 2
Percent chance = (1/2) * 100 = 50%
which of the following constitutes an implicit cost to company A
A. property taxes
B. Payments of wages to its office workers
C. raw material costs paid by company A to the supplier B
D. value of the land owned by the company A
Answer:
Implicit cost to company A is:
D. value of the land owned by the company A
Explanation:
Implicit costs to company A will refer to the cost of resources already owned by the firm, which the company could have put to some other use. A good example is the value of the land owned by the company. This land could be put to another use, yielding some rent. It could also be sold outright. Its cost becomes implicit when the company uses it in its business. The land is not being held for sale.
Flounder Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3,168 per year, resulting in a balance in accumulated depreciation of $11,088 at December 31, 2020. The machinery is sold on September 1, 2021, for $13,860. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale.
Answer:
A. Dr Depreciation Expense $2,123
Cr Accumulated Depreciation $2,123
B. Dr Cash $13,860
Dr Accumulated Depreciation$13,211
Cr Machiner$26,400
Cr Gain on Disposal of Machinery$671
Explanation:
Preparation of the journal entries to (a) update depreciation for 2021 and (b) record the sale.
A. Preparation of the journal entries to (a) update depreciation for 2021
Dr Depreciation Expense $2,123
Cr Accumulated Depreciation $2,123
(3185*8/12)
B. Preparation of the journal entries to record the sale
Dr Cash $13,860
Dr Accumulated Depreciation$13,211
($11,088+$2,123)
Cr Machiner$26,400
Cr Gain on Disposal of Machinery$671
[($13,860+$13,211)+$26,400]
Which of the following is a policy controlled by the federal reserve in the US or the central bank in any other country
Answer:
determining the discount rate
Explanation:
when you do this it helps to read the textbook and the answers are right there and it tells you . 120-345 would help
Question 3 of 5
Which phrase best completes the diagram?
Protect citizens
Characteristics of
Governments
?
A. Support one religious group
B. Create a fair constitution
C. Make economic decisions
D. Give all citizens the right to vote
Divide political power
SUBMIT
Answer:
Not very sure but I think the answer is B or C
which of the following best explains how income taxes can moderate a business cycle during an expansion?
Tax payments increase automatically as gross domestic product (GDP) rises, which dampens consumption spending.
The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports).
For instance, if Country B produced 5 bananas value $1 each and 5 backrubs of $6 each in a year, the GDP would be $35. The GDP of Country B would be $40 if the price of bananas increased to $2 the next year and the amount produced remained same.
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the management of sondela limited has decided to prepare a cash budget for may and june 20x8
Answer:
On the 30thJune a dividend of R5 000 was declared.
The cash balance on the 30thApril was R10 500.Sondela Limited alwayskeeps a minimum cash balance of R10 000.
Explanation:
Hàm số cầu của tảo hàng năm có dạng: Qd = 10 – P/2. Mùa thu hoạch năm trước là 8 ngàn tấn. Năm nay, thời tiết không thuận lợi nên lượng thu hoạch táo năm nay chỉ đạt 7 ngàn tấn ( táo không thể tồn trữ)
Answer:
am sorry plz write your question in English
Each adjusted entry transaction needs to be posted to A. individual journal entries B. individual accrual accounts C. individual deferred accounts D. individual ledger accounts
Answer: B. Individual ledger accounts
Explanation:
just took the test
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
The three (3) activities that can be done when one select the Pencil icon on the bank account tile in the Banking center are the following:
reorder the accountsDrag and drop the bank/credit card accounts to the right place, and then hit Save.What is the Pencil icon on the bank account tile in the Banking center?The pencil icon is a digital tool for editing. Perhaps, one may wish to have a different name or perceived a different name to be better fitting or need to correct a wrong name, one can easily rename or correct it by clicking the pencil icon to the right of the title and enter a new name.
Therefore, the correct answer is as given above.
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The complete question goes thus:
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
reorder the accounts
Drag and drop the bank/credit card accounts to the right place, and
Save
setting
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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Perfect elasticity and zero elasticity refer to the same event, which occurs when quantity demanded or quantity supplied change by an infinite amount in response to any change in price.
a) true
b) false
Answer:
b
Explanation:
perfectly elasticity is when at an existing price quantity demanded can increase or decrease.the numerical co efficient is always infinity ♾️
For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. Compute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)
Answer: $865000
Explanation:
Contribution margin ratio would be gotten as:
= 100% - 68%
= 32%
= 0.32
Then, the desired sales would be:
= (Fixed cost + desired profit) / CM ratio
= (199,000 + 77800) / 0.32
= 276800 / 0.32
= $865000
WHOEVER ANSWERS NOW I WILL GIVE BRANLIEST!!! And more!!
Supply and Demand Activity: Student will research consumer demand for a high tech product (smart phone, tablet, etc.) and graph annual sales volume against average price. He/She will explain in the graph’s caption the reason for the price-volume relationship and present findings.
Answer:
! To conduct the supply and demand activity for a high-tech product, such as a smartphone or tablet, follow these steps:
1. Research: Select a specific high-tech product and gather data on its annual sales volume and average price over a period of time. You can use market reports, industry publications, or online databases to obtain this information.
2. Graph Creation: Create a graph with the annual sales volume on the y-axis (vertical) and the average price on the x-axis (horizontal). Label the axes clearly and appropriately.
3. Data Plotting: Plot the data points on the graph, representing each year's sales volume and average price. Connect the points with a line or curve to visualize the relationship between price and volume.
4. Caption and Analysis: Write a caption for the graph that explains the observed price-volume relationship. Analyze the graph and discuss why changes in price impact the sales volume. Consider factors such as consumer behavior, price elasticity, market competition, and technological advancements that influence the demand for high-tech products.
5. Findings Presentation: Present your findings to your audience, whether it's your classmates, teacher, or a larger group. Explain the relationship between price and volume, supported by your graph and analysis. Highlight any insights or trends you discovered during your research.
Remember to use clear and concise language in your presentation and support your explanations with evidence from your research.
To research consumer demand for a high-tech product like a smartphone, tablet, or any other electronic device, you can gather data on annual sales volume and average price over a specific period. Once you have the data, you can plot a graph to analyze the relationship between price and volume.
Here's an example of how the graph could look:
Price-Volume Relationship Graph
Caption: The Price-Volume Relationship in the High-Tech Product Market
In this graph, the x-axis represents the average price of the high-tech product, while the y-axis represents the annual sales volume. The data points plotted on the graph indicate the relationship between price and volume
Based on the data, we can observe a negative correlation between price and volume. As the average price of the product increases, the sales volume tends to decrease. Conversely, as the average price decreases, the sales volume tends to increase.
This relationship can be explained by the basic principles of supply and demand. When the price of a high-tech product is higher, it becomes less affordable for consumers, leading to a decrease in demand and consequently a lower sales volume. On the other hand, when the price is lower, it becomes more accessible, increasing the demand and resulting in a higher sales volume.
The graph highlights the importance of finding an optimal price point that balances profitability and consumer demand. It also suggests that price reductions could potentially lead to increased sales volume, while price increases may result in decreased volume.
These findings can be valuable for businesses in the high-tech industry to understand consumer behavior, set pricing strategies, and make informed decisions regarding supply and demand dynamics.
Remember, for a comprehensive analysis, it is essential to consider additional factors such as market competition, product features, consumer preferences, and overall market conditions.
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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Explanation:
to calculated this question to solve
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 10000 and 50000. Assume that a 95 confidence interval estimate of the population mean annual starting salary is desired
Answer:
1) the planning value for the population standard deviation is 10,000
2)
a) Margin of error E = 500, n = 1536.64 ≈ 1537
b) Margin of error E = 200, n = 9604
c) Margin of error E = 100, n = 38416
3)
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.
Step-by-step explanation:
Given the data in the question;
1) Planning Value for the population standard deviation will be;
⇒ ( 50,000 - 10,000 ) / 4
= 40,000 / 4
σ = 10,000
Hence, the planning value for the population standard deviation is 10,000
2) how large a sample should be taken if the desired margin of error is;
we know that, n = [ ( × σ ) / E ]²
given that confidence level = 95%, so = 1.96
Now,
a) Margin of error E = 500
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 500 ]²
n = [ 19600 / 500 ]²
n = 1536.64 ≈ 1537
b) Margin of error E = 200
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 200 ]²
n = [ 19600 / 200 ]²
n = 9604
c) Margin of error E = 100
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 100 ]²
n = [ 19600 / 100 ]²
n = 38416
3) Would you recommend trying to obtain the $100 margin of error?
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.
Explain how each concept-Scarcity,choice,and opportunity cost-relate to your dilemma.Use three separate statements in your response,one for each concept.
If choosing one alternative necessitates sacrificing another, that good is considered to be scarce. Alternative uses exist, which pushes us to make decisions. Any decision has an opportunity cost, which is the value of the best alternative given up.
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
The opportunity cost is the amount of time spent learning and the money that could be used elsewhere. When a farmer decides to grow wheat, there is an opportunity cost associated with not doing so or using the resources in another way (land and farm equipment). Instead of driving, a commuter takes the train to work.
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PLS HELPPPPP MEEE FAST
Answer:
Explanation:
the price of the domestic currency with respect to another currency.
so a
Question 2 (1 point)
Alise works for a life insurance company as a claims agent. She processes insurance
payments for the families of recently deceased persons. What quality might Alise
find helpful in her career?
being artistic and enjoying performing
Opreferring to work with wildlife
liking to create things with her hands
being kind and a good listener
If the policyholder makes the requisite premium payments, the insurer is obligated to pay the death benefit upon the insured's passing. Premium amounts are influenced, in part, by the likelihood that the insured will pass away before the policy's death benefit is paid by the insurer.
Why do life insurance providers inquire as to whether you have other insurance?Your final life insurance prices will be based on these since the insurers want to know how dangerous you are to insure.
If everyone passes away, how do life insurance companies make money?When a policyholder passes away, the company invests these premiums and utilizes the proceeds to pay claims to the beneficiaries of the policy. The interest and dividends received on the investments made with premiums generate income for the company as well.
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Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $83,000. The sausage system will save the firm $154,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $32,500. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?
The net present value of the project is $-40,793.30.
What is the net present value?Net present value is a capital budgeting method that is used to determine the profitability of a project. The net present value is the present value of the cash flows expected from the project less the cost of the project.
When using the net present value, a project should only be accepted if its net present value is positive. This is because it means that the project is profitable.
Cash flow from the project = (amount the project will save the firm - depreciation) x (1 - tax) + depreciation
Terminal year cash flow = salvage value + net working capital - tax(salvage value - book value)
Depreciation = (cost of the asset - salvage value) / useful life
($520,000 - 0) / 5 = $104,000
Cash flow from the project = ($154,000 - $104,000)(1 - 0.23) + 104,000
= ($50,000 x 0.76) + 104,000 = $142,000
Terminal year cash flow = $83,000 + $32,500 - (0.23 x $32,500) = $108,025
Net present value can be calculated using a financial calculator:
Cash flow in year 0 = $520,000 + $32,500 = $552,500
Cash flow from year 1 to 4 = $142,000
Cash flow in y ear 4 = $108,025
I = 11%
NPV = $-40,793.30
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For an auditor of an issuer, critical audit matters should be communicated in the critical audit matters section, which:
Immediately follows the Basis for Opinion section
Yes, critical audit matters should be communicated in the critical audit matters section, which immediately follows the Basis for Opinion section.
In the given question for an auditor of an issuer, critical audit matters should be communicated in the critical audit matters section and we have to find which Immediately follows the Basis for Opinion section.
Yes, that is correct. The critical audit matters section of an auditor’s report typically immediately follows the Basis for Opinion section. The critical audit matters section contains the auditor’s communication of any matters that the auditor believes are of most significance to those who use the financial statements.
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Word processing software
All companies must be truthful in their advertising and not make false claims. You have likely heard or read such claims. For example, questionable claims often come from companies that make diet pills or beauty products. Or, perhaps you or someone you know have received a fraudulent robocall.
The Federal Trade Commission (FTC) operates the Bureau of Consumer Protection to enforce fair and truthful business practices, and to investigate complaints about those that are unfair, deceptive, or fraudulent.
In this activity, you will research ads from at least three companies and determine if they appear to be truthful or deceptive. You will also include an example of a robocall. Follow these steps to complete this activity. You will create a report and a chart in Word based on the directions below.
Step 1:
View or listen to ads for products or services online, on your phone, or on television.
Take notes on at least three ads (especially those that appear potentially suspicious to you) and list the following:
Name of the company and its product or service
Stated claim about the product or service
Your assessment of the truth or falsehood of the ad
Step 2:
Write a brief report in Word, including the following details:
Explain how and where you gathered your info (online, etc.)
Describe a robocall you or someone you know has received and explain how it was identified as a robocall
Step 3:
Add a chart following your report:
Include four columns with headings: Name of Company, Product/Service, Claim, True/False
Include at least four rows: one for column headers, and three for at least three ads
Input your information from your research notes
Explain why you believe or question the validity of the claim
The L'Oreal Revitalift ad is false because the claim that it reduces wrinkles and firms skin in just one week seems unrealistic and unlikely to be true.
On the other hand, I believe that the Noom ad is true because the claim that you can lose weight without giving up the foods you love is consistent with their program, which focuses on calorie counting and moderation rather than deprivation.
Finally, I believe that the Luminess Airbrush Makeup ad is false because the claim that the makeup is flawless, natural-looking, and lasts all day and night seems exaggerated and unlikely to be true in real-life scenarios.
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People are unlikely to buy Big Macs in the places where they are relatively cheap (according to purchasing power parity) and sell them where they are relatively more expensive, in order to make a profit because: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. check all that apply they would be expensive to transport.unanswered there is little resale market for used Big Macs.unanswered it violates trade agreements.unanswered they are perishable.unanswered the transaction costs would be too high.unanswered it is against the law.unanswered
People will buy at places that are cheap and sell at more expensive prices because:
The transactions costs would be too high.There's little resale market for used Big Macs.They would be expensive to transport.They're perishable.What is transactions cost?Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.
In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.
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Constructing the CPI involves which of the following stages?
i. conducting the monthly price survey
ii. converting the CPI to an international index
iii. selecting CPI market basket
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
Constructing the CPI involves conducting the monthly price survey and selecting CPI market basket.
What does India's CPI mean?With a record high of 176.70 points in October 2022 and a record low of 86.81 points in February 2011, India's Consumer Price Index (CPI) averaged 130.77 points between 2011 and 2022.
Is a high or low CPI preferable?Which is better for markets: a higher or a lower CPI? When the CPI increases, consumer prices follow suit, and when it decreases, consumer prices follow suit as well. Simply said, a rising CPI denotes higher inflation, whereas a declining CPI denotes lower inflation or even deflation.
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The first two steps in the following stages are necessary to construct the CPI. completing the monthly price survey and choosing a market basket for the CPI.
A consumer price index (CPI) weights the average cost of a market basket of goods and services that households buy for their members. The CPI is measured over time to reflect changes in pricing. A CPI is a statistical estimate produced using a sample of representative goods and regularly obtained prices. Sub-indices and sub-sub-sub-indices can be calculated for many categories and sub-categories of goods and services. The overall index is then created by combining these sub-indices and sub-sub-sub-indices, with weights indicating their proportions in the total of the consumer expenditures covered by the index. It's one of the various price indexes that are calculated by most national statistics agencies.
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Question 7: Which of the following is true about entrepreneurs and risk?
A. Entrepreneurs take more risks than the average person.
B. Risk is an objective assessment.
C. Entrepreneurs who take greater risks tend to be more successful than those who take fewer or smaller risks.
D. Most successful entrepreneurs are very calculated risk takers