1. A bond with a face value of 100 is currently selling for 95 in the market/. the coupon rate of interest is 13.5% and the appropriate discount rate is 15%. what will be the value of the bond?
2. the annual cash for a project after depreciation and income tax is 11375 on the last year of the project.
the investment in the project $ 56125
Estimated life 5 years
salvage value $ 3000
Description charged on a straight-line -basis
the annual cash flow for the last year of the project is?
Answers
Each year, you will receive 13.5 (13.5% of 100), which translates to an effective interest rate of 10%. Pars are loans that are exchanged for bonds at face value, which reduces the amount of interest owed. Coupons on discount bonds have varying interest rates.
What do you mean by the face value of a bond?In the world of finance, a bond is a sort of instrument wherein the issuer owes the holder a debt and is obligated, depending on the terms, to give the creditor cash flow. A bond is a borrower's pledge to repay a lender with the loan's principle and, typically, interest. Municipalities, businesses, and governments all issue bonds.
A bond's face value is how much it will be worth when it matures. It is, thus, the value that the bondholder will get upon full maturity of their investment, providing that the issuer doesn't call the bond or default.
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Required information Skip to question [The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.90 Direct labor $ 3.40 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 2.90 Fixed administrative expense $ 2.20 Sales commissions $ 1.20 Variable administrative expense $ 0.45 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round intermediate calculations.)
Answers
The total amount of product costs incurred to make 10,000 unit is $150,000.
What is product costs?Product cost means the total costs incurred to create a product including direct labor, direct materials, consumable production supplies, factory overhead etc
What is total amount of product costs incurred to make 10,000 units?
Product cost = Direct materials + direct labor + manufacturing overhead
Product cost = $6 + $3.50 + $1.50 + $4.00
Product cost = $15 per unit
For the 10,000 units = 10,000 units * 15
For the 10,000 units = $150,000.
In conclusion, the total amount of product costs incurred to make 10,000 unit is $150,000.
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Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
Answers
A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.
What precisely is RFM examination (recency, recurrence, and money related)?RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.
What levels of clickstream investigation are there?Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.
Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.
tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clusteringLearn more about RFM analysis: https://brainly.com/question/28537349
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Which measure of central tendency is affected by outliers?
Answers
The measure of central tendency that is most affected by outliers is the mean.
The mean is calculated by summing all the values in a dataset and dividing it by the number of data points. However, if there are outliers present in the dataset, which are extreme values that significantly differ from the rest of the data, they can heavily influence the mean.
Outliers have a disproportionate impact on the mean because they contribute to the sum of the values and can pull the mean towards their extreme values.
In summary, while the mean is more susceptible to the influence of outliers, the median and mode are more resistant to their impact and often provide more reliable measures of central tendency in such cases.
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During periods when the yield curve has a "normal" shape, as market interest rates change, which statement is TRUE
Answers
Answer
B. Long term bond prices are more volatile than short term bond prices
Explanation:
These are the options for the above question;
A. Short term bond prices are more volatile than long term bond prices
B. Long term bond prices are more volatile than short term bond prices
C. Both short term and long term prices are equally volatile
D. No relationship exists between long term and short term bond price movements
In finance, yield curve is very useful in the measurement of the ideal or belief the bond investor has concerning risk. With the help of the yield curve ,we can know relationship between the rate of interest and maturity's time.
It should be noted that during a period when the yield curve has a normal ascending shape long term bond prices are more volatile than short term bond prices, and the normal yield curve shape is usually reffered to as ""positive yield curve"".
Hence only option B is true.
select all the reasons to keep your money in a financial institution
Answers
The reasons to keep your money in a financial institution are:
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
What are financial institution?Financial institutions are organizations that provide financial services to individuals, businesses, and governments. These institutions include banks, credit unions, investment companies, insurance companies, and other financial intermediaries.
Banks are perhaps the most well-known financial institutions. They provide a range of financial services, including checking and savings accounts, loans, mortgages, and credit cards. Credit unions are similar to banks, but are typically smaller and owned by their members.
Investment companies, such as mutual funds and exchange-traded funds (ETFs), allow individuals to invest in a variety of assets, such as stocks, bonds, and real estate, without directly owning those assets. Insurance companies offer various types of insurance, such as life insurance, health insurance, and auto insurance, to help individuals and businesses manage risk.
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select all the reasons to keep your money in a financial institution
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
None of the above
Which of the following would most likely be the target audience for a product
advertised in the sports section of the newspaper?
O A. Adults over the age of 90
OB. Females over the age of 60
O C. Children between the ages of 3 and 10
OD. Males between the ages of 17 and 60
SUBMIT
Answers
Answer: D. Males between the ages of 17 and 60
Explanation:
Customer: "Will you delve into this problem?"
Yes, I will respond to this problem.
Yes, I will escalate this problem.
Yes, I will understand this problem.
Yes, I will research this problem.
Yes, I will ignore this problem.
Answers
Answer:
the cancer is the fourth responce
The correct option is D). Yes, I will research this problem.
What are the different ways in responding to customer complaints?A customer is an individual who buys products or services from a store, restaurant or other retail seller. As per business definition, customer is the king of the market. Customer is the most important part of your business because without the customer, there would be no sales.
It is really important to respond to the customer's complaints and concern by providing them best and appropriate customer services. Listen to their problems very carefully and always treat all complaints positively and seriously.
Empathy and sympathy are two important terms that need to be consider appropriately while handling customer's complaints.
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Promotion is defined as a business activity that does not encourage the sale of a product or service.
True
False
Answers
Answer:
False
Explanation:
Promotion is promoting a product or service so that someone can buy it.
what are the supply chain modelling and the significance thereof?
Answers
Answer:
Supply chain modeling represents a conscious attempt to bring order into a supply chain to achieve certain business objectives, such as lowest supply cost, on-time delivery and an ability to cope with disruption.
Why does the scientific method not follow an exact order?
Answers
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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with _____ , the seller identifies market segments, selects one or more, and develops products and services tailored to each selected segment.a. Target Marketingb. Marketing Positionc. Loyaltyd. Users Status
Answers
With Target Marketing, the seller identifies market segments, selects one or more, and develops products and services tailored to each selected segment. Option A is correct.
Target marketing is a strategy where the seller identifies specific market segments and tailors their products or services to meet the needs and preferences of those segments. This involves conducting research to understand the characteristics and behaviors of different groups of consumers, and then using that information to develop targeted marketing campaigns and product offerings.
Target marketing allows businesses to focus their resources and efforts on the consumers who are most likely to be interested in their products or services, rather than trying to appeal to everyone. This can lead to increased efficiency and effectiveness in marketing and sales, as well as higher levels of customer satisfaction and loyalty.
Overall, target marketing is an important strategy for businesses looking to maximize their return on investment in marketing and sales, and to build strong, lasting relationships with their customers. Option A is correct.
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If the price of the Swedish krona changes from 12 Japanese yen per krona to 13 Japanese yen per krona, then which of the following describes the change in the yen and the change in the cost of Swedish goods to residents of Japan? A. Yen Change in Cost of Swedish Goods to Residents of JapanDepreciation Increase B. Yen Change in Cost of Swedish Goods to Residents of Japan Depreciation DecreaseC. Yen Change in Cost of Swedish Goods to Residents of Japan Depreciation No changeD. Yen Change in Cost of Swedish Goods to Residents of Japan Appreciation Increase E. Yen Change in Cost of Swedish Goods to Residents of Japan Appreciation Decrease
Answers
The correct answer is option A that is change in the Yen or depreciation and the change in the cost of Swedish goods to residents of Japan increases.
The cost of Swedish goods will rise for Japanese citizens when the value of the Yen declines. This is referred to as currency depreciation and occurs when the value of the domestic currency relative to other currencies declines, making imported items more expensive for domestic consumers.
This is not what is meant by "appreciation," which occurs when the value of the currency increases and we have to pay less. For domestic consumers, imported items become more affordable due to currency appreciation. Therefore, choice A will be accurate.
A quick and large depreciation of a nation's currency is one of these, as are volatile markets and a lack of faith in the economy.
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1.Why is knowledge of consumer behavior important to the marketer?
Answers
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
If you are filing your tax return as an individual, you will need to itemize your taxes if
(1 point)
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don't have any deductible contributions.
you donated to a religious institution.
Answers
If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
What does it mean to file a tax return?To file a tax return means to fill in the documents that have to do with the taxes that a person owns to the government authorities responsible for taxes based on the income that they make in the economy and based on their expenditures also.
The person that is filing this has to do so with the authority that is closest to the areas that they are residing.
The tax that is paid to the government can be defined as the money that a person makes from the businesses and the salary that they are paid in the economy.
Hence we can conclude by saying that If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
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Answer:
the sum of your deductible contributions exceeds $300.
Explanation:
connexus
A fitness center’s drink machine has been empty for two weeks.When the delivery person arrives to refill the machine the fitness centers manager complains that the fitness center has lost money what should the delivery person do
Answers
When the fitness center manager complains that the center has lost money due to the empty machine, the delivery person should show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
As a delivery person responsible for refilling a fitness center’s drink machine, the best approach to take when the fitness center manager complains that the center has lost money due to the empty machine is to show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
Here are some tips on how to respond to the fitness center manager’s complaint and help prevent future occurrences of the problem:
Show Empathy As a delivery person, it's important to show empathy by acknowledging the manager’s frustration with the situation. This can help establish trust with the manager and encourage them to view you as a helpful and reliable resource.
Take Ownership of the Problem It is also important to take ownership of the problem by accepting responsibility for the issue and demonstrating that you are willing to work with the manager to find a solution. By doing so, you can help the manager feel confident that you will take steps to prevent future occurrences of the problem.
Offer Solutions To prevent future occurrences of the problem, the delivery person should offer some solutions. For instance, the delivery person can schedule regular deliveries to ensure that the machine is always stocked, or create a system where the manager can request a refill if necessary. This will help prevent future occurrences of the problem.
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Discuss the pros and cons of BMWs selective target marketing? What has the firm done well over the years and where could it improve? (20 marks)
Answers
Selective target marketing allows BMW to focus on a specific market segment, offering tailored products and services that appeal to its target audience.
This approach has several pros and cons.
Pros:
1. Precise targeting: By focusing on a specific group, BMW can create customized offerings that cater to the unique preferences of its customers, leading to higher satisfaction and brand loyalty.
2. Efficient resource allocation: Concentrating on a specific segment enables BMW to allocate resources efficiently, ensuring better returns on investment.
3. Enhanced brand image: By offering high-quality products and services to a select clientele, BMW has built a strong, premium brand image over the years.
Cons:
1. Limited market reach: Selective targeting may limit BMW's customer base, restricting potential growth.
2. Vulnerability to market fluctuations: Focusing on a single segment makes BMW vulnerable to changes in market dynamics, affecting its overall performance.
3. Increased competition: BMW faces fierce competition within its target segment, as competitors vie for the same customers.
Over the years, BMW has excelled at creating innovative, high-performance vehicles and maintaining a strong brand image. To improve, the firm could explore new market segments, diversify its product range, and adopt a more flexible marketing approach to accommodate the evolving preferences of its target audience.
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Below are a series of steps for accepting an invitation from the client to become their accountant user.
1. Open the email account you use for your Intuit ID
2. You will see an invite from the client company
3. Select the Accept button to accept the invitation
4. ________________________ and you’ll see a Success! box
5. Select Continue
Can you identify the missing step?
-Step 4: Create a new username and password for the client company
-Step 4: Create a new Intuit ID
-Step 4: Sign in to your QuickBooks Online Accountant account
-Step 4: Sign in to the clients QuickBooks Online company
Answers
Answer:
-Step 4: Sign in to your QuickBooks Online Accountant account
Explanation:
In order to accept an invitation from the client to become their accountant user in QuickBooks online, a user will have to do the following:
Open the email account you use for your Intuit ID
2. You will see an invite from the client company
3. Select the Accept button to accept the invitation
4. Sign in to your QuickBooks Online Accountant account and you’ll see a Success! box
Note: if a user has multiple QuickBooks Online Accountant firm under his or her user ID, he or she will be asked to choose his or her preferred choice among the firms.
5. Select Continue
A series of steps for accepting an invitation from the client to become their accountant user include "sign in to your Quick Books Online Accountant account".
What are Quick Books?
A quick books are free of cost. These kinds of books are available for free for accounting professionals in terms of best accounting practice software.
A quick books online accountant on the other hand terms as a single login account available for all your client's books.
Therefore, correct option is C.
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1) Which of the following statements is false? A) The variance increases with the magnitude of the deviations from the mean. B) The variance is the expected square deviation from the mean. C) Two common measures of the risk of a probability distribution are its variance and its standard deviation. D) If the return is risk-free and never deviates from its mean, the variance is one.
Answers
Answer:
D) If the return is risk-free and never deviates from its mean, the variance is one.
Explanation:
In the given case, the following statements are true:
a. In the case when the variance increased so the deviation magnitude from the mean is also increased
2. The variance is the predicted square deviation from the mean
3. And, the two common measures of the risk is the variance and the standard deviation
But when the return is risk less so the variance should be zero not one
Therefore the option d is false
3. Kelly executed a mortgage to Union Bank to secure an initial loan of $25,000. The mortgage contained a clause that provided: "This loan shall be for the purpose of construction of a dwelling house on the above- described property and shall cover and secure additional advances to be made by mortgagee to mortgagors in total amount not to exceed $145,000." Kelly later received other loans from Union totally $145,000. However, before the additional bank advances were made, several contractors furnished Kelly with materials and labor in building his home and complied with the state’s mechanics lien statute even though Kelly had failed to post a proper notice of commencement as required by the statute. Kelly did not pay the contractors and he defaulted on his bank loan. Union Bank foreclosed on its mortgage and argued that its mortgage, recorded before the contractors furnished their materials and labor, gave it priority. The contractors claimed that Union Bank only had a superior lien for $25,000 and that the remainders of its advances were subject to their mechanics’ liens. Who is correct? Why?
Answers
In the scenario provided, the statement that Union Bank can only claim $25,000 and the remainder advances must be paid to the contractors is factually true.
As per the case fought in the court of Lyman Lamb Company vs Union Bank of Benton, the decision was made in the favor of the contractors. It was stated by the court that a valid mortgage may be executed to secure debt which is to be contracted in the future but in doing so, an unequivocal agreement in the instrument itself must be mentioned for the debts incurred in future.
The Union Bank was liable to claim of $25,000 but no such clause/agreement was made that constituted prior or first lien for subsequent advances because was the bank was not in any obligation to do so.
The conclusion made by the court was that the mechanics lien had priority, as they furnished the required materials before Union Bank made the advances.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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What are the OSHA guidelines for reporting injuries, illnesses, and fatalities?
Answers
Answer:
(Answers may vary.)
I know that as per OSHA guidelines, I must report workplace related accidents. I would ensure I implement the following OSHA guidelines:
I will report any worker fatality within 8 hours.
I will report any amputation, loss of an eye, or hospitalization of a worker within 24 hours.
Since I have more than 10 employees, I will keep a record of any serious work-related injuries and illnesses for five years.
Explanation:
I
5. In a few sentences, explain the difference between a fixed exchange rate and a
flexible exchange rate. What are the basic advantages and disadvantages of each?
(4 points)
Answers
A fixed exchange rate is a type of exchange rate regime in which the government or central bank ties the official exchange rate to another country's currency or the price of gold.
The official exchange rate is fixed by the government or central bank, and it is kept constant. The government or central bank must be prepared to buy or sell its currency at the official exchange rate in order to keep it fixed. A flexible exchange rate, on the other hand, is a type of exchange rate regime in which the value of a currency is determined by supply and demand on the foreign exchange market.
Advantages of Fixed Exchange Rate:
Stable exchange rates are beneficial for businesses that require currency predictability. The central bank may employ monetary policy tools more effectively, resulting in lower inflation rates. It is less likely that a currency crisis would occur.
Disadvantages of Fixed Exchange Rate:
It limits a country's monetary policy independence because it must have sufficient foreign currency reserves to maintain the fixed rate. The country's economy may be hurt if the fixed exchange rate is too high.
Advantages of Flexible Exchange Rate:
A flexible exchange rate enables a country to adjust to changes in economic circumstances such as inflation, international competitiveness, and other economic conditions. It allows a nation to conduct an independent monetary policy.
Disadvantages of Flexible Exchange Rate:
Price stability may be difficult to achieve because the exchange rate is more volatile. Businesses may find it more challenging to plan for the future because of the unpredictability of exchange rates.
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How do changing prices affect supply and demand
Answers
Answer:
If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
Explanation:
Answer:
As price decreases, supply decreases, but demand increases.
Explanation:
Edge
For an open economy under a floating exchange rate regime, _________________________.
a.) Monetary policy is highly effective.
b.) Fiscal policy is highly effective.
c.) Monetary policy is ineffective.
d.) B and C.
Answers
What is Universal Perspective
Answers
Answer:
1 of, relating to, or typical of the whole of mankind or of nature. 2 common to, involving, or proceeding from all in a particular group. 3 applicable to or affecting many individuals, conditions, or cases; general. 4 existing or prevailing everywhere.
why do people form group is forming a group accidental or spontaneous?
Answers
Suppose government spending is cut. Other things being equal, the aggregate demand for national production will
rise.
remain constant.
fall.
All of the above
Answers
Answer:
Fall.
Explanation:
Since government spending is one of the components of aggregate demand, an increase in government spending will shift the demand curve to the right. A reduction in taxes will leave more disposable income and cause consumption and savings to increase, also shifting the aggregate demand curve to the right.
WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Answers
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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Computing Predetermined Overhead Rates and Job Costs LO2-1, LO2-2, LO2-3 Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 100,000
Fixed manufacturing overhead cost 6,50,000
Variable manufacturing overhead cost per machine-hour $3.00
Required:
1. Compute the plantwide predetermined overhead rate
2. During the year, Job 400 was started and completed. The following information was available with respect to this job:
Direct material 450
Direct labor cost 210
Machine hours used 40
Compute the total manufacturing cost assigned to Job 400.
3. If Job 400 includes 52 units, what is the unit product cost for this job?
4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400?
5. If Moody hired you as a consultant to critique its pricing methodology, what would you say?
Answers
Answer:
1. $6.50 per machine hour
2. $920
3. $ 17.69
4. $21.23
5. Pricing methodology - Cost plus Mark -up
- This ensures that the price charged covers all costs related to the product, which is good for maintaining profits.
- However the price does not consider the market demand and competition which might affect sales volumes
Explanation:
Predetermined overhead rate
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $650,000 / 100,000
= $6.50 per machine hour
Total manufacturing cost assigned to Job 400
Direct material $450
Direct labor cost $210
Overheads Applied ($6.50 × 40) $260
Total manufacturing cost $920
Unit product cost for Job 400
Unit product cost = Total Cost / Number of units completed
= $920 / 52 units
= $ 17.6923
= $ 17.69
Selling price if Moody uses a markup percentage of 120%
Selling price = Unit product cost × 120 %
= $ 17.69 × 120%
= $21.23
While in Chicago for a weekend, Tony's friend suggests that he eat at Michael Jordan's restaurant. Tony is confused as to why Michael Jordan has a restaurant if he isn't a chef. What is likely Michael Jordan's involvement in his restaurant as he is not a chef?
a. He may have financially invested in it, and he has lent his name to the establishment.
b. He is likely learning to cook from the chefs at his restaurant.
c. He likely manages the kitchen on a daily basis.
d. He likely has no involvement, and the owners just used his name.
Answers
A is the correct awnser
