Anna Feinberg began working for the Pfeiffer Company in 1968 at age seventeen. By 2005, she had attained the position of bookkeeper, office manager, and assistant treasurer. In appreciation for her skill, dedication, and long years of service, the Pfeiffer board of directors resolved to increase Feinberg’s monthly salary to $4,000 and to create for her a retirement plan. The plan allowed that Feinberg would be given the privilege of retiring from active duty at any time she chose and that she would receive retirement pay of $2,000 per month for life, although the Board expressed the hope that Feinberg would continue to serve the company for many years. Feinberg, however, chose to retire two years later. The Pfeiffer Company paid Feinberg her retirement pay until 2014. The company thereafter discontinued payments.
a. What are the arguments that the company’s promise to pay Feinberg $2,000 per month for life is enforceable?
b. What are the arguments that the company’s promise is not enforceable?
c. What is the proper outcome? Explain.
Answers
Past Consideration/Promissory Estoppel. Judgment for Feinberg. The law is clear that past services performed do not constitute valid consideration for the formation of a contract. Here, promises made in appreciation of Feinberg's many years of work do not render those promises enforceable against the company.
However, a promise that the promisor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promisee, and which does induce such action or forbearance, is binding if injustice can be avoided only by enforcement of the promise. This doctrine is called promissory estoppel.
Feinberg reasonably relied on the promise of $700 per month retirement pay and thereby abandoned her opportunity to continue in gainful employment. At the time payments were discontinued, Feinberg was 63 years old. Her chance of finding satisfactory employment, much less a position comparable to the one she gave up when she retired, is virtually nonexistent. Feinberg's reasonable and detrimental reliance upon the company's promise has created an enforceable contract.
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Related Questions
During 2011, Gum Co. introduced a new product carrying a two- year warranty against defects.
The estimated warranty costs related to dollar sales are 2% within 12 months following the sale and 4% in the second 12 months of the sale.
The sale and actual warranty expenditures for the years ended December 31, 2011, and 2012 are as follows:
Sales Actual warranty expenditures
2011 150,000 2,250
2012 250,000 7,500
Total 400,000 9,750
What amount should Gum report as warranty expense on its 12/31/2012 Income Statement?
Answers
The amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
First step is to calculate the estimated cost related to dollar sales
Estimated cost related to dollar sales=2%+4%
Estimated cost related to dollar sales= 6%
Second step is to calculate the estimated warranty expense that should be reported
Estimated warranty expense =(400,000×6%)-Total of actual warranty expenditures of $9,750
Estimated warranty expense=$24,000-$9,750
Estimated warranty expense=$14,250
Inconclusion the amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
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spending consists of expenditures on new plants, capital equipment, machinery, and inventories.
Answers
Answer: investment
Explanation:
Investment spending refers to the spending that's made by an economic agent when a capital good is bought which will be used in producing further goods.
For example, the expenditures on new plants, capital equipment, machinery, and inventories isn't meant for immediate consumption but in order to help create further goods in the economy. Hence they are an investment expenditure.
Answer: insulations
Explanation:
Based on the words you have identify each part of the pyramid enumerate the four kinds of social responsibilities
Answers
According to the Corporate social responsibilities's pyramid, the four kinds of social responsibilities are:
environmental responsibilityphilanthropic responsibilityethical responsibilityeconomic responsibility.What is a social responsibility?Basically, this refers to a framework in which an individual/corporation is obligated to work and cooperate with other individuals/organizations for the benefit of the community that will inherit the world that individual leaves behind.
It is described as a duty that every individual has to maintain; such as balance between the economy and the ecosystem one lives within. A social responsibility pertains not only to business organizations, but also to all whose actions impact the environment and it aims to ensure secure healthcare for people living in rural areas and eliminate barriers like distance, financial condition, etc
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During its first year of operation Mazer Manufacturing Company produced 9,500 units of inventory and sold 2,550 units. Mazer incurred variable product cost of $2.50 per unit and $13,300 of fixed manufacturing overhead costs. The sales price of the products was $9.50 per unit. Determine the amount of net income Mazer would report if the company uses variable costing.
Answers
Answer:
Explanation:
To determine the amount of net income Mazer would report if the company uses variable costing, we need to calculate the variable cost per unit and the contribution margin per unit first:
Variable cost per unit = variable product cost per unit
= $2.50
Contribution margin per unit = sales price per unit - variable cost per unit
= $9.50 - $2.50
= $7.00
Using this information, we can calculate the total variable cost and total contribution margin for the units sold:
Total variable cost = variable cost per unit x units sold
= $2.50 x 2,550
= $6,375
Total contribution margin = contribution margin per unit x units sold
= $7.00 x 2,550
= $17,850
Next, we can calculate the total fixed manufacturing overhead cost incurred by Mazer during the first year of operation:
Total fixed manufacturing overhead cost = $13,300
Finally, we can calculate the net income using the variable costing method:
Net income = total contribution margin - total fixed manufacturing overhead cost
= $17,850 - $13,300
= $4,550
nam and explain two recent CSR/CSI initiatives of Woolworths
Answers
The two recent CSR/CSI initiatives of Woolworths
MySchool MyVillage MyPlanet Woolworths Educational ProgrammeWhat are the CSR initiatives for Woolworths?For a long time now, Woolworths is known to have worked using a structured charity organizations to engage CSI initiatives as they often donate their surplus food from food saved to communities that are known to need the support.
Note that they tend to contributes to the reduction of hunger in local communities as well as lower food waste to landfill from their own operations.
Hence, The two recent CSR/CSI initiatives of Woolworths
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Which of the following locations can NOT be insulated to promote energy conservation?
Windows
Walls
Balcony
Roof
Answers
Answer:
balcony
Explanation:
its outside itd be a waste of the energy
PLEASE HELP!!!! WILL GIVE BRAINLIEST!!!
Is the second one correct (the answer I chose is in blue)
Answers
Money's power to buy goods and services changes ________.
Answers
Answer:
...with rates of inflation.
Explanation:
The more that a particular currency appears in the market without any work (value) being associated with that currency, the smaller the value of that particular form of currency (For example, the U.S. dollar). When inflation is high, banks will increase interest rates on loans in order to get rid of some of the of the surplus currency in the market, bringing down inflation and increasing the total value of a particular form of currency.
Jake borrowed $800,000 from the Gateway Bank to purchase a fishing boat. He keeps the boat at a dock owned by the Harbor Company. He uses the boat to earn income by fishing. Jake also has a contract with the White Shark Fishing Company to transport tuna from one port to another.
a. Do any of the following parties have an insurable interest in Jake or his property? If an insurable interest exists, explain the extent of the interest.
1. Gateway Bank
2. Harbor Company
3. White Shark Fishing Company
b. If Jake did not own the boat but operated it on behalf of the White Shark Fishing Company, would he have an insurable interest in the boat? Explain.
Answers
Answer:
1. Gateway Bank
3. White Shark Fishing Company
Explanation:
In the scenario being described the two entities that have an insurable interest in Jake or his property would be Gateway Bank and The White Shark Fishing Company. The Bank has an insurable interest because if something where to happen to Jake they would most likely incur the loss of $800,000 that Jake borrowed, the same goes for the boat since without the boat Jake can't earn income to pay back the loan. The White Shark Fishing Company on the other hand entrusts Jake with their cargo, meaning if anything happens to Jake or the Boat they would lose all of their cargo that Jake is transporting. This would cause them to have to incur those loses.
b. If Jake operated the boat on behalf of the White Shark Fishing Company he would have an insurable interest on the boat since he would lose the income that he makes with the boat. Also, if Jake has a contract and is responsible for the boat he might even have to incur the damages for the boat.
The following information about the weekly payroll was obtained from the records of Boltz Co.:
Salaries: Deductions:
Sales salaries $335,000 Income tax withheld $116,800
Warehouse salaries 186,000 U.S. savings bonds 14,630
Office salaries 144,000 Group insurance 11,970
$665,000
Tax rates assumed:
Social security 6% State unemployment (employer only) 5.4%
Medicare 1.5% Federal unemployment (employer only) 0.8%
Required:
1. Assuming that the payroll related to the first full week of the year and was paid on January 7, journalize the following entries:
a. January 7, to record the payroll.
b. January 7, to record the employer’s payroll taxes on the payroll for the first week of the year. Since it is a new fiscal year, all $665,000 in salaries is subject to unemployment compensation taxes.
2. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the following entries:
a. December 31, to record the payroll.
b. December 31, to record the employer’s payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $38,000 is subject to unemployment compensation taxes.
Answers
A journal entry is used to record a business transaction in the accounting records of a business. This is given below.
How to explain the journal entryJournal entries for the first full week of the year and paid on January 7:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the first week of the year:
Payroll Tax Expense $53,564
Social Security Payable $39,900
Medicare Payable $9,975
Federal Unemployment Tax Payable $5,320
State Unemployment Tax Payable $8,369
Journal entries for the last week of the year and paid on December 31:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the last week of the year:
Payroll Tax Expense $2,600
Federal Unemployment Tax Payable $304
State Unemployment Tax Payable $2,296
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“Lean On Me" starring Morgan Freeman. The movie can be found here. Answer the questions below in one to two pages. Explain and describe the “corporate” culture of the High School before and during Joe Clark’s administration? Joe Clark establishes his authority right away and maintains his authority throughout the movie. Using the textbook, how would you describe and assess Mr. Clark’s organizational interventions? How does he do this?
Answers
Before the arrival of Mr. Clark, the school was in disarray, the students failed woefully, they disrespected the teachers and would engage in drugs and other bad attitudes in school. After he came in, he tried to establish decorum and would use some harsh methods on students and teachers.
The interventions that Mr. Clark had at the time was harsh on all of the parties involved and the ways that he refused to change his methods shows that he knew that using the strict methods was what the school really needed at the time.
What is the movie about?The movie Lean on me is about a high school that had fallen off its standards and had become a notorious school for all unacceptable vices.
The change in the movie came from the fact that Mr. Clark was hired in the school to help the students pass examinations. He was hired due to the fact that he was known to have had good ways of achieving excellence in schools that he used to teach.
The corporate culture that the head teacher establishes in the school is one that has to do with the fact that all the of the protocols would have to be observed in the school based on the ways that the teachers and the students acted in the school.
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Your account statement arrived. You had a balance of -$52.79. After the
$307.74 deposit from Roland's Bookstore, what is your new account
balance?
A $316.95
$256.92
C$265.29
D
$254.95
Answers
Answer:
The answer is D $254.95
Explanation:
Account Balance = -$52.79
Deposit = $307.74
New Account Balance = -52.79 + 307.74
= $254.95
poor farmer intends to cultivate three acres of paddy but the necessary credit facilities for such farming. The farmer needs money to prepare and till the land. Farmer approaches you for expert advice on how to get the necessary credit facilities. Advise the farmer on the best mode of Islamic microfinance for their needs and explain the procedure and conditions for the validity of the contract.
Answers
The advice which I would give to a poor farmer who intends to collect a loan to cultivate three acres of paddy with Islamic microfinance is that he should show his business plan to the bank.
The procedure which he needs to take include:
Submitting his business plan.Checking his credit history/worthiness.Talk to the bank finance advisor about their loan plans and validity.What is a Loan?This refers to the money collected for the purpose of solving a need or making an investment in a business.
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c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
Answers
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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Five subtracted from the product of 10 and a number is less than 30. Use the variable b for the unknown number.
Answers
Edison lives in Chicago and runs a business that sells guitars. In an average year, he receives $726,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $426,000; he also pays wages and utility bills totaling $264,000. He owns his showroom; if he chooses to rent it out, he will receive $13,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Edison does not operate this guitar business, he can work as a paralegal, receive an annual salary of $22,000 with no additional monetary costs, and rent out his showroom at the $13,000 per year rate. No other costs are incurred in running this guitar business.
A) Identify each of Rajiv's costs in the following table as either an implicit cost or an explicit cost of selling guitars.
Implicit Cost Explicit Cost
The rental income Darnell could receive if he
chose to rent out his showroom.
The wages and utility bills that Darnell pays.
The salary Darnell could earn if he worked as a
financial advisor.
The wholesale cost for the pianos that Darnell pays
the manufacturer.
B) Complete the following table by determining Rajiv's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit
C) If Darnell's goal is to maximize his economic profit, he should stay in the piano business because the economic profit he would earn as a financial advisor would be _____.
Answers
Answer:
The rental income Darnell could receive if he chose to rent out his showroom. - implicit cost
The wages and utility bills that Darnell pays. - explicit cost
The salary Darnell could earn if he worked as a financial advisor. implicit cost
The wholesale cost for the pianos that Darnell pays the manufacturer. explicit cost
If Darnell's goal is to maximize his economic profit, he should not stay in the piano business because the economic profit he would earn as a financial advisor would be $35,000
Explanation:
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Accounting profit= total revenue - explicit cost
$726,000 - ( $426,000 + $264,000) = $36,000
Economic profit = accounting profit - implicit cost
$36,000 - (13,000 + 22,000) = $-1,000
Economic profit from not running the piano business = $13,000 + $22,000 = $35,000
The economic profit from not running the piano business is higher than the economic profit of running it. Thus, he would choose not to run the piano business
Which of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional?
Microblogging
Photo sharing
Text or email
Video sharing
Answers
Video sharing, of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional. Thus, option (d) is correct.
What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
According to the social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. The business was the improved as the emotional story to the share as the best choice was the video sharing.
As a result, the video sharing is the best option. Therefore, option (d) is correct.
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The interest charged on a $252000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)
Answers
Answer: Interest charged=$3,780
Explanation:
Interest is the amount of money a borrower pays to its lender for money loaned to him or her at a particular time and rate It can also be money accrued from investments or deposits in financial institutions. It is calculated as
Interest charged = Principal x Rate x Time
= $252,000 x 6% X 90/ 360
=$3,780
The interest charged on the note payable =$3,780
a.
If you are leaving a company in which certain people have supported your career and your efforts, it is reasonable and
polite to
Cut them out of your life
b. Tell your boss they are great
Give them an expensive gift
d. Write them a thank you note
Answers
If an individual left a company where the people are very supportive of him/her, then an individual should write a thank you note to the company.
Option D is the correct answer.
What is a company?A company is an organization or entity that hires an employee based on his/her qualifications. The company can be private or public depending on the structure and its working criteria.
When an individual resigns from a company where he/ she gets support and appraisal from their seniors during their working time, then he/she must draft a thank you note to the company which shows a reasonable and polite behavior of that individual. In the note, he/she can tell their experience with the company and improvements throughout the whole working journey.
Therefore, the reasonable and polite way is to draft a thank you note for the company that supports the individual in their working journey.
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Answer:
B: Tell your boss they are great
Explanation:
Need help, please, ty!
You have a table listing ten tourist attractions and their annual numbers of visitors. Which type of display would be most appropriate for these data? Explain your reasoning.
A. A line chart would be most appropriate because the categories are the ten attractions. Line charts are ideally suited for sets of data in which the categories are qualitative.
B. A bar graph would be most appropriate because the categories are the ten attractions. Bar graphs are ideally suited for sets of data in which the categories are qualitative.
C. A bar graph would be most appropriate because the goal is to compare the numbers of visitors that go to the attractions. A bar graph could do this because it uses a set of bars to represent the frequency of each category.
D. A pie chart would be most appropriate because the goal is to compare the numbers of visitors, that go to the attractions, which are the categories. A pie chart could do this because it could easily show the relative frequencies of the categories.
E.A line chart would be most appropriate because it is reasonable to expect that the numbers of visitors would vary from year to year. Line charts are often used to show how some variable changes with time.
F. A pie chart would be most appropriate because it could easily show all ten categories. This many categories would be more difficult to analyze using a different type of display, such as a bar graph or a line chart.
Answers
Explanation:
C. A bar graph would be most appropriate because the goal is to compare the numbers of visitors that go to the attractions. A bar graph could do this because it uses a set of bars to represent the frequency of each category.
A bar graph would be the best display option for this type of data because it allows for easy comparison of the number of visitors for each attraction. Each attraction can be represented as a bar on the graph, with the height of the bar representing the number of visitors. This makes it easy to compare the numbers across the different attractions. Additionally, a bar graph is best suited for quantitative data, which is what we have in this case, as the number of visitors is a quantitative variable.
While a line chart (option A) might be appropriate for data that changes over time, it is not the best option for this type of data where the categories are qualitative. Option B, a bar graph based on the categories, is on the right track, but it does not address the goal of comparing the numbers of visitors at each attraction. Option D, a pie chart, is not the best choice for this type of data either as it does not allow for easy comparison between the attractions. Option F is incorrect as a bar graph can still display all ten categories and allow for easy comparison.
Identify the South African barriers to entry market share
Answers
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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We've talked a lot about "fixed" and "variable" expenses. We've talked about the way these expenses impact your budget and your savings. We also talked about one big thing you can do about variable expenses that you cannot usually do about your fixed expenses. What was the big thing you can do?
Answers
Answer:c
Explanation:
What are some of the reasons why domestic policies change overtime?
Answers
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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a 2% increase in customer retention has the same net effect on a business as decreasing costs by 10%
Answers
Customer retention can increase company revenue by 25-95% with a 5% increase. Customers who are returning buy more frequently and spend more money than new customers. They recognize the worth of a product or service and return time and time again.
What is the customer retention percentage?The percentage of existing clients who remain customers after a certain period is referred to as the customer retention rate. Your customer retention rate can help in understanding what keeps customers coming back to your company and can also indicate opportunities to improve customer service.
Acquiring new customers can cost up to five times as much as satisfying and retaining existing customers. A 2% increase in customer accumulation has the same effect as a 10% reduction in costs. Increasing customer retention by 5% boosts profits by 25 to 95%.
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One of the most significant differences between Canada and the United States
regarding tax systems and payroll costs involves __________.
a. income tax
b. worker's compensation
c. pension funds
d. socialized medicine
Answers
One of the most significant differences between Canada and the United States regarding tax systems and payroll costs involves Option D. Socialized medicine.
Socialized medicine is a healthcare system where the government owns and runs the healthcare system. Under this system, the government provides healthcare services to citizens and residents without requiring them to pay directly out of their pockets for every service. In Canada, socialized medicine is a significant feature of the country's healthcare system. In the United States, socialized medicine is not a significant feature of the healthcare system. The healthcare system in the US is dominated by private insurance companies that require individuals to pay for healthcare services.
This means that the US healthcare system is primarily based on a market-driven approach, where individuals are required to purchase health insurance from private companies. These companies then provide healthcare services to individuals based on the type of coverage that they have purchased. The difference in the approach to healthcare systems between Canada and the United States affects the tax systems and payroll costs in these countries. In Canada, the government provides healthcare services, which means that the government needs to fund the healthcare system.
This funding is primarily done through taxes paid by individuals and businesses in the country. This tax system is designed to be progressive, which means that individuals who earn more money pay a higher percentage of their income in taxes than those who earn less. In the United States, the healthcare system is dominated by private insurance companies. This means that individuals are required to pay for healthcare services out of their pockets or through health insurance plans. This system of healthcare financing means that the tax system in the United States is less progressive than the tax system in Canada.
In conclusion, socialized medicine is one of the most significant differences between Canada and the United States regarding tax systems and payroll costs. Canada's healthcare system is funded through taxes that are paid by individuals and businesses, while the US healthcare system is primarily funded through private insurance companies. This means that the tax system in Canada is more progressive than the tax system in the United States. Therefore, the correct option is D.
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to make a good referral, the professional must know all of the following except group of answer choices if the agency is able to provide the service if the agency has political difficulties if the agency is accessible to the client if the agency is willing to accept the referral
Answers
Finding, vetting, hiring, and then onboarding qualified job candidates is the process of recruiting.
The act of actively seeking, locating, and employing individuals for a specific position or employment is known as hiring. The term "recruitment" refers to the complete recruitment process, which includes hiring new personnel and integrating them into the business. Effective hiring involves more than just selecting the ideal candidate for the position. A quick and effective hiring process lowers expenses, improves the company's standing with customers and job candidates, and makes sure the best talent is found, attracted, and employed by the business. The President has full authority to nominate a variety of officials under the Appointments Clause. The advice and consent clause also grants the Senate the authority to reject or confirm a nominee. The Constitution's Treaty which grants the President the authority to ratify international treaties.
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3) The promotional tactics employed by Red Bull are evidence of ______________________________. a sales promotion b a push strategy c socially responsible marketing d personal selling e a pull strategy
Answers
The promotional tactics which are employed by Red Bull are evidence of pull strategy.
In marketing, the pull strategy is a strategy employed by a company to bring customer to them rather than pushing its product on the customer.
The pull strategy entails strategy which makes customers very excited about the product and to tell their relatives about its.
The promotional tactics employed by Red Bull is one which tries to get press attention for their activities.
Therefore, in conclusion, the Option E is correct because it is very evident of been used by Red Bull as its main promotional tactics.
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Suppose the return on the market is expected to be 7%, a stock has a beta of 1.5, and T-bill rate is 3%. The SML would predict an expected return on the stocks of 9%. If you believe the stock will provide instead a return 11%. Its implied alpha is
Answers
Answer:
2%.
Explanation:
Calculation of the alpha of the stock
Implied Alpha Formula = Actual return - Expected return as per CAPM
Implied Alpha = 11% - 9%
Implied Alpha = 2%
Since you believe the stock will provide instead a return 11%, its implied alpha will be 2%.
What do search engines use to trust that a local business is an appropriate place for which users are
looking?
Citation
Locations
Websites
Addresses
Answers
A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here:
a. How much is the firm's net working capital?
b. Complete an income statement and a balance sheet for Belmond.
c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers?"
Answers
Answer:
a. How much is the firm's net working capital?
net working capital = current assets - current liabilities = (cash + accounts receivable + inventory) - (accounts payable + short term notes payable) = ($16,540 + $9,580 + $6,450) - ($4,770 + $600) = $27,200
b. Complete an income statement and a balance sheet for Belmond.
Belmond Inc.
Income Statement
For the Year Ended December 31, 202x
Sales $12,830
Cost of goods sold ($5,790)
Gross Profit $7,040
Operating Expenses ($1,330)
General and Administrative Expense ($870)
Interest Expense ($920)
Depreciation Expense ($540)
Operating Income $3,380
Taxes ($1,460)
Net Income $1,920
Belmond Inc.
Balance Sheet
For the Year Ended December 31, 202x
ASSETS
Cash $16,540
Accounts Receivable $9,580
Inventory $6,450
Building and Equipment $122,110
Accumulated Dep. ($34,370)
TOTAL ASSETS $120,310
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable $4,770
Short-Term Notes Payable $600
Long-Term Debt $55,230
Common Stock $44,900
Retained Earnings $14,810
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $120,310
c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers?"
The financial condition of the company can be considered healthy, since its profit margin is almost 15%, although its debt to equity ratio is high = $60,600 / $59,710 = 101.5%. The company has too much debt, even though it makes enough money to pay its obligations.