assume you own a corporate bond that has a face value of $1,000 and pays 4.9 percent. what is the current yield if the bond is currently selling for $980?
Answers
The current yield if the bond is currently selling for $980 is $5.
A corporate bond could be a bond issued by a company so as to boost funding for a range of reasons like to in progress operations, M&A, or to expand business. The term is typically applied to longer-term debt instruments, with maturity of a minimum of one year.
Face value is that the actual price of the digit whereas place price is that the position of a digit during a variety. for instance, the face price of five in five432 is five whereas the place price of 5 is 5000 (five-thousands).
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Related Questions
Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have 12.5 years to maturity and a par value of $1,000. Compute the value of Alice's bonds if investors' required rate of return is 8%.
Answers
the value of Alice Kitchen's bonds is $828.73 if investors' required rate of return is 8%.
To compute the value of Alice Kitchen's bonds, we can use the present value formula for a bond, which is:
Bond Value = (Coupon Payment / \((1 + r)^t)\)+ (Coupon Payment /\((1 + r)^(t+1))\)+ ... + (Coupon Payment + Face Value /\((1 + r)^(n))\)
Where:
r = the required rate of return
t = the number of periods until the next coupon payment
n = the number of periods until maturity
We are given that the bond has a 10% coupon rate with semiannual coupon payments, which means that the coupon payment is $50 ($1,000 par value x 10% coupon rate / 2 payments per year). The bond has 12.5 years to maturity, which means that there are 25 periods until maturity (2 coupon payments per year x 12.5 years).
Using a required rate of return of 8%, we can now calculate the value of the bond as follows:
Bond Value = ($50 / \((1 + 0.04)^1) + ($50 / (1 + 0.04)^2) + ... + ($50 + $1,000 / (1 + 0.04)^25)\)
Bond Value = $828.73
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(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
Answers
Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
what rule should competitive price takers follow when trying to maximize profits?
Answers
In order to maximize profits, competitive price takers should follow the rule of producing at the quantity where their marginal cost equals the market price.
In a perfectly competitive market, firms are price takers, meaning they cannot influence the market price of the goods or services they sell. Instead, they must accept the market price as given and adjust their production accordingly.
In order to maximize profits, a competitive price taker should produce the quantity of output where their marginal cost (the additional cost of producing one more unit of output) equals the market price.
If a competitive price taker produces at a quantity where their marginal cost is less than the market price, they can increase profits by producing more units of output. Conversely, if they produce at a quantity where their marginal cost is greater than the market price, they can increase profits by producing fewer units of output.
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An increase in the value of an investment is called...
A inflation
B. net asset value (NAV)
C appreciation
D. yield
E market mover
Answers
Answer:
C appreciation
Explanation:
Appreciation is the term that describes the increase in value by an asset over time. Several factors may cause an increase in value. They include
In demand for the assetsCustomers perceptionsReduced supply for the assetIncrease in inflation or interest ratesIf a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business
Answers
Answer:
For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.
Explanation:
Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.
To become responsible the company can use the image and be built the brand of the company.Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.Social responsibility can empower the employee.To promote the social responsibilities that can boost the morale of employees.
If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?
Answers
Answer:
45
Explanation:
Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.
The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.
= 30 +45
=45
Which situation best illustrates the role of households in the circular flow of
goods?
A. A runner buys a new pair of athletic shoes.
B. A website sells cheap books and magazines.
C. A factory produces screws used to build furniture.
O D. A company designs websites for big businesses.
Answers
A runner buys a new pair of athletic shoes best illustrates the role of households in the circular flow of goods. Thus, option A is correct.
What is circular flow of goods?The circular flow is the continuous movement of revenue, expenditure, and the production of products and services in an economy.
It demonstrates the circular redistribution of revenue between the producing unit and households. They include entrepreneurship, labor, capital, and land. Rent is the fee received in exchange for the fixed natural resource( also known as land)contribution. Wage is the comprehension received for the contributions made by human worker. Interest is the compensation received for the capital contribution. Profit is the reward for the contribution produce by the enterprise.
Therefore, we can conclude that option A is correct.
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Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of financial markets determines the ability of investors to "beat" the market and earn excess (or abnormal) returns on their investments. If the markets are efficient, they will react rapidly as new relevant information becomes available. Financial theorists have identified three levels of informational efficiency that reflect what information is incorporated in stock prices.
Identify the form of capital market efficiency under the efficient market hypothesis described in the following statement:
Current market prices reflect all information contained in past price movements.
This statement is consistent with:
Strong form efficiency
Semistrong form efficiency
Weak form efficiency
Answers
The Correct option (b) semistrong form efficiency
Finance theory is a broad field that includes both speculation and mathematical calculations used to determine investment strategies and monetary value estimates. Finance theories are also used to develop fundraising and capital creation plans, as well as to manage financial risk.
The efficient market hypothesis (EMH), the relationship between risk and return based on the Capital Asset Pricing Model (CAPM), the Modigliani-Miller theorems (M&M), and the Black-Scholes-Merton approach to option pricing are all part of modern finance's conceptually unified theoretical core.
Financial theory provides simplification, an opportunity to understand the impact of financial decisions in a constrained environment, insight into real-world problems, a framework for problem analysis, and a foundation for building more complex models.
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You are looking for a way to incentivize the sales reps that you are in charge of. You design an incentive plan as a way to help increase in their sales. To evaluate this innovative plan, you take a random sample of 81 of your reps and their weekly incomes before and after the plan were recorded. You calculate a difference in income as (after incentive plan - before incentive plan). You are interested in if sales after the program are different from sales before the program. You perform a paired samples t-test with the hypotheses of Null Hypothesis: μD = 0, Alternative Hypothesis: μD ≠ 0. You see that the average difference in sales was $34.79 with a standard deviation of $373.24. What is the test statistic and p-value of this test?
1)Test Statistic: 0.839, P-Value: 0.202
2)Test Statistic: 0.839, P-Value: 0.798
3)Test Statistic: 0.839, P-Value: 1.798
4)Test Statistic: -0.839, P-Value: 0.404
5)Test Statistic: 0.839, P-Value: 0.404
Answers
none of the options provided accurately represents the test statistic and p-value for this test.
The test statistic and p-value can be calculated using the provided information. Given that the average difference in sales (mean) is $34.79 and the standard deviation is $373.24, and assuming the sample size is 81, we can compute the t-test statistic as follows:
Test Statistic = (Mean Difference - Null Hypothesized Mean) / (Standard Deviation / √(Sample Size))
= (34.79 - 0) / (373.24 / √81)
= 0.839
To determine the p-value associated with this test statistic, we would need additional information, such as the degrees of freedom and the significance level. Since this information is not provided, we cannot calculate the exact p-value for this test.
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how do people help millions 100 millions of people? 99 points for answering
Answers
Answer:
Well first, you must know there are a few requirements.
be a natural-born U.S. citizen of the United Statesbe at least thirty-five years oldbe a resident in the United States for at least fourteen years.Then you would be helping more than 350 million people a day!
Explanation:
The opportunity cost of holding money is: a the difference between interest rates on monetary assets and on nonmonetary assets. b the discount rate. c the interest rate on using one's credit card. d zero. e the federal funds rate.
Answers
The opportunity cost of holding money is a. the difference between interest rates on monetary assets and on nonmonetary assets.
When individuals hold money, they forgo the potential interest or return they could have earned by investing that money in alternative assets such as bonds, stocks, or other nonmonetary assets. The opportunity cost represents the benefit or return that could have been obtained from holding those alternative assets instead of money. Therefore, the difference between the interest rates on monetary assets (such as cash or bank deposits) and nonmonetary assets is the opportunity cost of holding money.
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how is simple interest different from compound interest?
A. compound interest is not paid on the principal, or initial deposit.
B. simple interest is paid on the original deposit plus any interest earned.
C. compound interest is only paid on the principal, or initial deposit.
D. Simple interest is only paid on the principal, or initial deposit.
Answers
Simple interest is frequently a fixed proportion of the outstanding sum financed or lent or given away over a defined time period. When present value builds up and is then added to the accumulated interest from earlier periods, borrowers are forced to pay duty on principal in addition to principal.
Why is compound interest different from simple interest?On the principal, or original loan amount, of a loan, simple interest is calculated. Since compound interest is computed using that both original and the interest paid from previous periods, it is regularly alluded to as "credit on interest".
How does simple interest differ from compound interest?What separates compound interest from simple interest? Simple interest just takes into account the principal for computing interest charges, but compound interest considers both the outstanding amount and all prior interest charged.
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Ali make a profit of $50.00 on a shirt. He bought it for $72.00. How much did Ali sell it for?
Answers
Answer:
$122
Explanation:
Given that Ali bought a shirt and profited from it, we can expect that Ali sold the original shirt for more than its value.
Reselling Price: 72 + 50 = 122
Final Profit: 122 - 72 = 50
profit=50.00
cp=72.00
loss =?
we know that,
profit =cp-sp
50.00=,72.00-sp
72.00+50.00
SP=122
which of the following phrases might be useful in writing the purpose statement for your formal report? check all that apply.
Answers
The following expressions could be used in your formal report's purpose statement: "The research team establishes" We determine, This report looks into.
Formal reports are summaries of all the facts, information, and analysis needed to make business choices. Typically, this report's goal is to offer a solution to the issue. Examples of formal reports are inspection reports and security reports.
There are two categories of formal reports: reference reports and analytical reports. Intelligence reports gather information and proof and utilise it to guide judgement. The material in information reports is also included in analysis reports, along with suggestions for problem-solving. The purpose statement specifies the goal and range of the report. The reader is made aware of the work's specific focus and what to anticipate from it.
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With reference to theories of growth, discuss the implications of capital accumulation and technological progress for a country’s long-run economic growth.
Answers
Capital accumulation and technological progress are two crucial factors that significantly impact a country's long-run economic growth, as explained by various theories of growth.
Capital Accumulation:
Capital accumulation refers to the increase in physical and human capital stock within an economy. It involves investing in productive assets, such as infrastructure, machinery, and education, which enhance productivity and output levels. The implications of capital accumulation for long-run economic growth are as follows:
1) Increased Production Capacity: Capital accumulation allows a country to expand its production capacity, leading to higher levels of output and economic growth. More capital means more tools, equipment, and technology available to workers, enabling them to produce more efficiently.
2) Enhanced Labor Productivity: Adequate capital accumulation leads to improved labor productivity. Workers with access to modern machinery and technology can produce more output per unit of time, increasing overall economic efficiency and growth.
3) Diminishing Returns: However, it is important to note that the impact of capital accumulation on economic growth is subject to diminishing returns. Initially, the addition of capital leads to significant productivity gains, but as the capital stock increases, the marginal returns diminish. This underscores the importance of technological progress as a complementary factor.
Technological Progress:
Technological progress refers to advancements and innovations that lead to improved production methods, new products, or increased efficiency. It can occur through research and development, knowledge accumulation, and the adoption of new technologies. The implications of technological progress for long-run economic growth are as follows:
1) Productivity Growth: Technological progress is a key driver of productivity growth. New technologies and innovations enable more efficient production processes, which increase output levels without requiring a corresponding increase in inputs. This sustained productivity growth contributes to long-run economic growth.
2) Structural Change: Technological progress often leads to structural changes in an economy. Industries and sectors that embrace technological advancements tend to experience higher growth rates, while those resistant to change may face challenges. Technological progress can drive economic transformation and the emergence of new industries, fostering overall growth.
3) Spillover Effects: Technological progress often has positive spillover effects throughout the economy. When one firm or industry adopts new technologies, it can lead to knowledge diffusion, knowledge spillovers, and subsequent productivity gains in related sectors. This amplifies the impact of technological progress on overall economic growth.
In conclusion, both capital accumulation and technological progress play vital roles in a country's long-run economic growth. Capital accumulation increases production capacity and labor productivity, but its impact diminishes over time. Technological progress, on the other hand, drives sustained productivity growth, structural change, and spillover effects, enabling economies to achieve higher levels of growth and development.
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jim ryan deposited $8,000 at national bank at 6% interest compounded quarterly. what was the effective rate (apy)?
Answers
The effective annual rate for $8,000 that jim ryan deposited at bank with 6% interest compounded quarterly was 6.14%
What is effective annual rate?It is the real return on a savings account or any interest paying investment when the effects of compounding over time are taken into account. It also reflects the real percentage rate owed in interest on a loan, a credit card, or any other debt.
How to calculate the effective annual rate?
The formula for effective rate is
r = (1 + (i/n))^n - 1
where n = 4 (because it's compounded quarterly
i = 0.06 (the interest from the national bank)
r = ( 1 + ( 0.06 / 4))^4 - 1
= (1.015)^4 - 1
= 0.0614
= 6.14% (rounded)
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What is iatrogenic anemia? How do you prevent it?
Answers
They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory
What is iatrogenic anemia?This is a condition of lowered hematocrit and hemoglobin count resulting from frequent removal of blood samples needed for testing purpose in the laboratory.
They can be prevented by carrying out the following:
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Rosario and pamela work together. They are also friends outside of work. Rosario and pamela are constantly texting each other. Their supervisor comments that, while this might be fine outside of work, it’s inappropriate to constantly text each other in the office. This is an example of:.
Answers
The fact that Rosario and Pamela are co-workers but also friends outside of work corresponds to a context of interactions, which is a process of interaction between two people, which can occur in different ways.
Interpersonal comunicationIt is defined as the exchange of information between two or more people through different channels and verbal or non-verbal signals.
In the workplace, therefore, interpersonal communication must occur in a professional and ethical way, so that there is maintenance of a strengthened organizational culture and based on cooperation.
The correct answer is:
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If you believe your supervisor at your work setting is forcing you to act in what you consider to be an unethical manner, you should
Answers
If you believe your supervisor at your work setting is forcing you to act unethically, you should take steps to address the situation and protect your integrity and ethical values.
Assess the situation: Evaluate the actions or requests from your supervisor and determine whether they truly go against your ethical values or professional standards.
Review company policies: Familiarize yourself with your organization's code of conduct, ethics policies, or any other guidelines that outline expected behavior. This will provide you with a basis to assess the situation objectively.
Seek clarification: If you are unsure about the expectations or the ethical implications of the supervisor's requests, respectfully seek clarification from your supervisor or consult with a trusted colleague or mentor.
Document instances: Keep a record of any instances where you believe your supervisor is pressuring you to act unethically. Note the dates, times, and specific details of the incidents, as well as any witnesses present.
Consider discussing concerns: If you feel comfortable and believe it will be productive, express your concerns to your supervisor in a respectful and professional manner. Explain why you find the situation unethical and suggest alternative solutions.
Consult HR or Ethics Department: If discussing the issue directly with your supervisor doesn't resolve the problem, consider reaching out to your human resources department or an ethics committee within your organization. Share your concerns and provide the documented evidence if necessary.
Seek external guidance: If internal channels don't provide a satisfactory resolution, you may consider seeking advice from a professional association, a lawyer, or an external regulatory body related to your industry.
Protect your interests: During this process, it's important to protect your own interests. Maintain confidentiality, avoid engaging in any unethical behavior, and consider consulting legal counsel to understand your rights and potential options.
Evaluate your options: Depending on the severity of the situation and the response from your organization, you may need to decide whether to continue working under such circumstances or explore other employment opportunities that align better with your ethical values.
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Please help this is the final.
Identify a minimum of two ways companies compete for your money. In a minimum of five sentences each, explain in what way each of those tactics has been proven to be successful.
Answers
Answer:
here's your answer below
Explanation:
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.
Answer:
They compete by giving better bundels or lowering prices.
Explanation:
They do that because people usually want a better price so if their the same thing then someone would want to go to a store with cheaper options.
who benefits form medicare taxes?
Answers
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answers
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answers
Answer:
im not aure
Explanation:
im not aure
Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?
Answers
Answer:quit school and beco
Explanation:
Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
What are reasonable and customary charges for health insurance primarily based on?
Answers
The reasonable and customary charges for health insurance are primarily based on the average prevailing costs of medical services within a geographic region.
What is meant by prevailing costs?The Last Done Price or any other price the Exchange considers appropriate, prior to and/or during the same trading session that an erroneous trade occurs, is referred to as the Prevailing Price.
The typical current costs of healthcare in a certain geographic area serve as the basis for determining reasonable and customary rates. The typical current costs of healthcare in a certain geographic area serve as the basis for determining reasonable and customary rates.
The reasonable and customary charges for health insurance are primarily based on the average prevailing costs of medical services within a geographic region.
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Write an essay discussing the statement below.
The essay must be from the points of view of university students seeking employment and organizations seeking to recruit them and to contain costs.
Your essay must be between 2 to 2 ½ pages double spaced with 1-inch borders using 12-point Times New Roman.
STATEMENT
Perhaps the most celebrated "crisis of work" of the past decade is the perceived replacement of career employment with "contingent" jobs of limited duration, hours, or security. Some have expressed alarm and others enthusiasm about what is widely seen to be an important labour market trend.
Answers
The shift from career employment to contingent jobs in recent years has sparked debates on the future of work.
From the perspective of university students seeking employment and organizations recruiting talent, this trend presents both challenges and opportunities. For university students, the rise of contingent work offers flexibility and a chance to gain diverse experiences.
These positions enable students to explore different industries and roles without committing to a single career path. Additionally, contingent work may provide a better work-life balance, allowing students to manage their time more effectively.
However, there are concerns regarding job security and benefits, as temporary positions often lack stability and access to comprehensive benefits packages. Organizations, on the other hand, benefit from hiring contingent workers by minimizing costs and enhancing adaptability.
As business environments become more uncertain and competitive, the ability to quickly scale up or downsize the workforce is crucial. By employing temporary workers, organizations can adjust their workforce according to market demands and avoid the financial burden of long-term contracts.
Despite these benefits, organizations may struggle to maintain a strong company culture and retain valuable talent. The constant turnover of contingent workers can hinder the formation of long-term relationships, leading to reduced employee loyalty and engagement.
This may negatively impact organizational performance and hinder the development of a skilled and dedicated workforce. In conclusion, the growing prevalence of contingent jobs in the labor market presents both opportunities and challenges for university students and organizations.
While flexibility and adaptability are key advantages, concerns surrounding job security and the maintenance of strong company culture should not be overlooked. It is essential for both parties to recognize these implications and find a balance that benefits both the workforce and the organizations they serve.
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When recoding the conversation of preferred stock into common stock , if the total contributed capital eliminated in regard to the preferred stock is less than the common stock par value , the difference is debited to:
a. Additional paid- in capital on preferred stock.
b. Additional paid-in capital on common stock
c. Shareholders' Equity
d. Retained Earnings.
Answers
When recording the conversion of preferred stock into common stock, if the total contributed capital eliminated in regard to the preferred stock is less than the common stock par value, the difference is debited to additional paid-in capital on common stock. Therefore, the correct option is b.
This is because the additional paid-in capital on common stock account reflects the amount of money that shareholders have paid in excess of the par value of the common stock. When the total contributed capital eliminated in regard to the preferred stock is less than the common stock par value, the difference is recorded as a debit to the additional paid-in capital on common stock account to reflect the decrease in the amount of money paid in excess of the par value of the common stock.
In other words, the additional paid-in capital on common stock account is used to record the difference between the total contributed capital eliminated in regard to the preferred stock and the common stock par value in order to properly reflect the conversion of preferred stock into common stock.
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A licensed individual that charges a fee to serve as the mediator between the buyer and seller is known as a
Answers
A licensed individual who charges a fee to mediate between the buyer and seller is known as a Real Estate Broker, who helps an individual make the best decisions regarding real estate transactions.
Duties of a Real Estate Broker:This professional is licensed to perform the functions of mediation between buyer and seller in real estate transactions. Through its expertise, it assists in making financial decisions that benefit both parties, in a process of selling or buying a property.
Therefore, it is essential that this professional has communication and negotiation skills to win clients, in addition to the appropriate legal licenses and real estate certifications to perform this function ethically.
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The usual purpose of an R-chart is to signal whether there has been a: ___________
a. gain or loss in dispersion.
b. change in the percent defective in a sample.
c. change in the central tendency of the process output.
d. change in the number of defects in a sample.
e. change in the consumer's risk.
Answers
It should be noted that usual purpose of an R-chart is to signal whether there has been a change in the percent defective in a sample.
An R-chart can be regarded as a type of control chart, which helps to know about change in the percent defective in a sample.
It is used to monitor the process variability and this is done at regular intervals from a process.
Therefore, option option B is correct because, with R-chart we can know whether there has been a change in the percent defective in a sample.
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stanley has an automobile insurance policy for which he is billed $220 four times per year. which term is used to refer to that cost? stanley has an automobile insurance policy for which he is billed $220 four times per year. which term is used to refer to that cost? surcharge premium co-payment deductible
Answers
Premium is used to refer to that cost? surcharge premium co-payment deductible.
What makes it a premium, and why?In general, a premium is a cost that is incurred above and above some fundamental or intrinsic worth. Relatedly, it is the cost associated with being shielded from a loss, risk, or injury (e.g., insurance or options contracts). The Latin term premium, which originally meant "reward" or "prize," is where the word "premium" comes from.
What is a high-end illustration?Something or someone of greater or superior quality is considered to be premium. An example of the adjective premium in use is premium gasoline, which refers to fuel with a higher octane rating. a cost that is higher than going rates.
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