The internal rate of return and net present value methods usually give the same investment decision answer. (option C)
What is the internal rate of return and net present value method ?
The net present value is a capital budgeting method that is used to determine the present value of after-tax cash flows from an investment less the amount invested.
When using the net present value method, only positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return is to undertake the project if the internal rate of return is greater than the required return of the project. If this is not met, the project should be rejected.
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The internal rate of return and net present value methods C. usually give the same investment decision answer.
What is the internal rate of return and net present value methods?Net present value (NPV) can be described as one that shows the difference between the present value of cash inflows as well as the present value of cash outflows over a period of time.
It should be nboted that the internal rate of return (IRR) serves as the calculation that can be used in the process of estimating the profitability of potential investments, and it usually give the same investment decision answer.
Therefore, option C is correct.
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Improvements in technology have allowed schools to use electronic books rather than original textbooks. Electronic books have _________ in supply.
a. increased
b. decreased
Improvements in technology have allowed schools to use electronic books rather than original textbooks. Electronic books have increased in supply. Option A
What are electronic books?E-books, or electronic books, are digital files including text and images that may be distributed electronically and displayed on screens in a way that is comparable to a traditional book.
eBooks are portable and light, making them simple to transport. A single eBook reader may store thousands of eBooks, saving you from lugging many heavy books. Both in your house and your purse, it frees up a lot of room. Concerning the storage cap, one should not worry.
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Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict
A conflict between a supervisor and a subordinate can be described as Interpersonal conflict.
What is interpersonal conflict?Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.
When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.
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On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.
(anyone know accounting?)
Answer:
revenue recognized is $21,176
Explanation:
The computation of the revenue recognized is shown below:
= received amount for 17 months × given months ÷ total number of months
= $36,000 × 10 months ÷ 17 months
= $21,176
The 10 month is calculated from March 1 to December 31
Hence, revenue recognized is $21,176
Debbie has $60 to spend on clothes. She wants to buy a pair of jeans for $18 and spend the rest on t-shirts. Each t-shirt costs $8. At most, how many t-shirts can she buy?
Answer:
6
Explanation:
6*8=48, 48+12=60
Answer:
She can only buy 5 shirts
Explanation:
60-18=42
42 divided by 8 is about 5
Who do you think has the most
influence?
Answer:
because the influence is an important
¿Cuáles de estos son agentes económicos?
Three fundamental economic agents are present in every economy: Families, businesses, and the government, despite current economic theories.
What are the four types of economic agents?There are four primary economic agents: individuals, businesses, governments, and central banks are all examples.
What economic agents are there and what are their functions?Economic agents are one of the most important parts that make up a country. Simply put, these subjects are financial or legal participants in an economic activity. Numerous economic agents produce and distribute goods and services in a territory.
Incorporating four figures: one of the banks, given their increasing prominence when it comes to influencing the economy.
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Which one of the following best illustrates an insolvent situation?
A) assets $56,000; annual expenses $60,000
B) assets $78,000; net worth $22,000
C) liabilities $45,000; net worth $6,000
D) assets $40,000; liabilities $85,000
E) annual cash inflows $45,000;
liabilities $50,000
The option that best illustrates an insolvent situation is option D) assets $40,000; liabilities $85,000.
Insolvency occurs when a person or entity's liabilities exceed its assets, meaning that they are unable to pay its debts as they become due.
Option D illustrates this situation, as the entity has $85,000 in liabilities, which is more than its $40,000 in assets.Option A describes a situation where the entity's annual expenses exceed its assets, but it does not necessarily mean that they are insolvent at that moment. Option B describes a situation where the entity's net worth is positive, which means they have more assets than liabilities. Option C describes a situation where the entity's net worth is positive, but its liabilities are relatively high compared to its net worth. Option E describes a situation where the entity's annual cash inflows are less than its liabilities, but it does not provide information about its assets or net worth.For more such questions on Insolvent Situation: brainly.com/question/28173349
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How a group is arranged in regards to leadership, governance, rules for operation and decision making is called _______ structure.
Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
Karat packaging has entered a stage in which the demand for their innovative fax machines has declined. now most customers are buying replacement parts or buying their second fax machine from the firm. what stage in the industry life cycle does this scenario describe
Karat fax machines have reached maturity. Because sales have dropped and people are only ordering replacement parts or a second fax machine, this is the reason. The product is either rejected or only repaired at the maturity phase. There aren't many new sales.
What is maturity stage in product life cycle?Maturity level in the product life cycle is the stage where the sales of product of the company starts declined because of the new trends and innovation in the market.
At this stage of maturity, The company must go for the heavy discounts and low in the price levels to stay competitive in the marketplace and at least take out their invested amount from sales.
Thus, Karat fax machines have reached maturity.
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. The basic obligation of a buyer in performing a sales or lease contract is to: a. accept and pay for conforming goods in accordance with the contract. b. negotiate terms of payment for conforming goods prior to signing the contract. c. negotiate the quality of the goods in a contract. 2. Merchants are held to a higher standard of performance, or duty, than are nonmerchants. a. True b. False
1. The basic obligations of a buyer in sales or lease contract is Acceptance and payment for conforming goods.
2. The given statement "Merchants are held to a higher standard of performance, or duty, than are nonmerchants" is true.
Acceptance of conforming products and payment:
When a buyer agrees into a sales or leasing contract, their primary obligation is to accept and pay for conforming items in line with the contract's terms. Before agreeing to the conditions, the buyer must thoroughly research the contract and ensure that they understand them. The buyer is legally bound to complete the purchase or lease of the items after they have agreed to the terms.Merchants and higher performance standards:
Nonmerchants are held to a lower standard of performance than merchants, or those who habitually trade in the type of products involved in the contract. When it comes to the commodities they sell or lease, merchants are expected to have a higher level of knowledge and skill. They must be able to precisely describe the goods and their characteristics, as well as ensuring that they are delivered on time and in the condition promised.For such more question on payment:
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The popularity of social media platforms has given brands new channels for connecting with people as they move through the buyer's journey. Like other forms of online marketing (e.g., search and display ads; email), social media ads can be used to persuade consumers at each step of the journey. In the article "The Top 8 Social Media Metrics for Advertisers", digital marketer Margot Whitney gives her take on metrics brands should use to assess social media marketing performance.
In the article "The Top 8 Social Media Metrics for Advertisers," digital marketer Margot Whitney highlights key metrics that brands should use to assess social media marketing performance.
Using social media advertisingWhen discussing social media advertising, it is important to note that it can be used to persuade consumers at each step of the buyer's journey.
Margot Whitney, a digital marketer, suggests that there are eight social media metrics that brands should use to assess their social media marketing performance.
These metrics include engagement rate, reach, click-through rate, conversion rate, cost per click, return on investment, sentiment, and share of voice
These metrics help businesses evaluate their social media campaigns' effectiveness at connecting with people and persuading consumers throughout the buyer's journey.
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Use this graph to answer the following questions. In this example, what is occurring within the market? What is there an excess of? What could solve the problem shown in this graph?.
According to the information we can infer that when there is an excess of demand prices rise, and when there is an excess of supply prices drop.
What does the graph show?In the graph we can see the relationship between demand and supply in the global market. In this case, we can infer that when an element is produced in high quantities, the offer will grow. Therefore, this element will be cheaper for the public.
On the other hand, when there is a lot of demand and few elements of a product, it is most likely that the price will increase because it will be an element that is more desired and valued by the public.
Note: This question is incomplete. Here is the complete information:
Attached image
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howdy!!
disequilibrium is occuring in the market.
there is an excess of demand.
higher prices could solve the problem in this graph
edg2023 goodluck!
When wages per unit of time go up but flow rate stays the same, what happens to the costs of direct labor
The increase in the wages will lead to an increase in the cost of the direct labor.
What is a wage?It should be noted that a wage simply means the payment for a contract done. It's usually the payment for a job done weekly.
In this case, when wages per unit of time go up but flow rate stays the same, the costs of direct labor will also increase as well.
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Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
the wright corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 6.52 percent. the face value is $1,000. interest is paid semiannually. how many years is it until this bond matures? group of answer choices 8.5 years 2.2 years 17 years 16 years 8.0 years
The Wright Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 6.52 percent. the face value is $1,000. interest is paid semiannually. 16 years is it until this bond matures. The correct option is D.
Given
To solve for the number of years until the bond matures, we need to use the formula for the present value of a bond:
PV = (C / (1 + r/2)^n) + (F / (1 + r/2)^n)
Where:
PV = present value of the bond (given as $1,029.75)
C = semiannual coupon payment (given as $40, since 8% of $1,000 is $80 per year, and there are 2 coupon payments per year)
r = yield to maturity (given as 6.52%)
n = number of periods (in this case, the number of semiannual periods until maturity)
F = face value of the bond (given as $1,000)
Putting in the given values and solving for n:
$1,029.75 = ($40 / (1 + 0.0652/2)^n) + ($1,000 / (1 + 0.0652/2)^n)
Simplifying the equation, we get:
$1,029.75 - $1,000 = $40 / (1 + 0.0652/2)^n + $1,000 / (1 + 0.0652/2)^n
$29.75 = $40.00 / (1 + 0.0326)^n + $1,000 / (1 + 0.0326)^n
$29.75 = $19.08 / (1.0326)^n + $514.28 / (1.0326)^n
$29.75 = $533.36 / (1.0326)^n
(1.0326)^n = $533.36 / $29.75
(1.0326)^n = 17.907
Taking the natural logarithm of both sides, we get:
n * ln(1.0326) = ln(17.907)
n = ln(17.907) / ln(1.0326)
n ≈ 16.0
Therefore, the bond matures in approximately 16 years. The closest answer choice is (d) 16 years.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
Rick and Tracy Corp. has a project with a cost today of $865,250, a ten year life, and annual cash inflows of $182,800 each year. Calculate the net present value of this project assuming the company's required rate of return is 12.8%.
a. $124,377
b. $134,647
c. $214,647
d. $999,897
The net present value (NPV) of the project is $124,377, option A. The NPV is a financial metric used to evaluate the profitability of an investment by calculating the present value of cash inflows and outflows.
To calculate the NPV, we need to discount the cash inflows to their present value using the required rate of return. The formula to calculate the present value of a cash flow is PV = CF / (1 + r)^n, where PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of periods.
Using the formula, we calculate the present value of each annual cash inflow and sum them up. The NPV is the difference between the present value of the cash inflows and the initial cost of the project. In this case, the NPV is $124,377, which indicates that the project is profitable as it generates a positive NPV.
In summary, the net present value of Rick and Tracy Corp.'s project, with a cost of $865,250, annual cash inflows of $182,800 for ten years, and a required rate of return of 12.8%, is $124,377. The positive NPV suggests that the project is financially viable and can potentially generate returns exceeding the company's required rate of return.
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paul swanson has an opportunity to acquire a franchise from the yogurt place, incorporated, to dispense frozen yogurt products under the yogurt place name. mr. swanson has assembled the following information relating to the franchise: a suitable location in a large shopping mall can be rented for $3,000 per month. remodeling and necessary equipment would cost $288,000. the equipment would have a 15-year life and a $19,200 salvage value. straight-line depreciation would be used, and the salvage value would be considered in computing depreciation. based on similar outlets elsewhere, mr. swanson estimates that sales would total $330,000 per year. ingredients would cost 20% of sales. operating costs would include $73,000 per year for salaries, $3,800 per year for insurance, and $30,000 per year for utilities. in addition, mr. swanson would have to pay a commission to the yogurt place, incorporated, of 14.0% of sales. required: 1. prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet. 2-a. compute the simple rate of return promised by the outlet. 2-b. if mr. swanson requires a simple rate of return of at least 17%, should he acquire the franchise? 3-a. compute the payback period on the outlet. 3-b. if mr. swanson wants a payback of three years or less, will he acquire the franchise?
We need to prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet. Based on the given information, the following income statement can be prepared:the net cash inflow per year is:
Net Cash Inflow = Annual Cash Inflow - Annual Cash Outflow
Net Cash Inflow = $60,800 - $219,800
Net Cash Inflow = -$159,000
Sales Revenue: $330,000
Less: Variable Costs (20% of sales): $66,000
Contribution Margin: $264,000
Less: Fixed Costs:
Salaries: $73,000
Insurance: $3,800
Utilities: $30,000
Rent: $36,000 ($3,000 per month)
Depreciation: $15,200 (($288,000 - $19,200) / 15)
Commission (14% of sales): $46,200
Total Fixed Costs: $203,200
Net Operating Income: $60,800
Now, to compute the simple rate of return promised by the outlet, we need to divide the net operating income by the initial investment. The initial investment is the sum of remodeling and necessary equipment cost, which is $288,000. Therefore, the simple rate of return is:
Simple Rate of Return = Net Operating Income / Initial Investment
Simple Rate of Return = $60,800 / $288,000
Simple Rate of Return = 0.2111 or 21.11%
The simple rate of return promised by the outlet is 21.11%.
If Mr. Swanson requires a simple rate of return of at least 17%, we need to compare it with the simple rate of return promised by the outlet. As the simple rate of return promised by the outlet (21.11%) is greater than the required simple rate of return (17%), Mr. Swanson should acquire the franchise.
To compute the payback period on the outlet, we need to divide the initial investment by the net cash inflow per year. The net cash inflow per year is the difference between the annual cash inflow and the annual cash outflow. Based on the given information, the annual cash inflow is the net operating income, which is $60,800. The annual cash outflow is the sum of ingredients cost, salaries, insurance, utilities, rent, and commission, which is $219,800 ($66,000 + $73,000 + $3,800 + $30,000 + $36,000 + $46,200). Therefore, the net cash inflow per year is:
Net Cash Inflow = Annual Cash Inflow - Annual Cash Outflow
Net Cash Inflow = $60,800 - $219,800
Net Cash Inflow = -$159,000
As the net cash inflow per year is negative, the payback period cannot be computed. Therefore, we cannot answer the question of whether Mr. Swanson will acquire the franchise if he wants a payback of three years or less.
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Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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Hazmat labels are used to communicate information necessary to protect human health and the environment
The natural environment or natural world encompasses all living and non-living things occurring naturally, meaning in this case not artificial.
What is the meaning of Environment?An organism's environment is made up of the external conditions, resources, stimuli, etc. that it interacts with.
We are impacted by everything around us. You decide if they are still alive or not. It is made up of organic forces like both physical and chemical ones. Living creatures occur in environments. They are constantly engaging with it and adapting their actions to the situation.
Everything in our immediate surroundings—including both living and nonliving things including air, water, soil, plants, and animals—is considered to be part of our environment. The magnificence of nature sustains life on Earth.
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WHAT ARE MANAGED SERVICE OPERATIONS?
the process of measuring and marking materials is called creating a
The process of measuring and marking materials is called layout. It involves using various tools and to accurately mark the material before cutting, shaping, or assembling it.
Layout is an important process in any project that involves working with materials such as wood, metal, or fabric. It involves taking accurate measurements and using tools like rulers, squares, and protractors to mark the material in preparation for cutting or shaping. This process helps ensure that the final product is precise and meets the required specifications. Layout techniques may vary depending on the type of material being worked on and the complexity of the project. For example, carpenters may use chalk lines and marking gauges to mark wood, while machinists may use precision measuring instruments like micrometers and dial indicators to mark metal. Overall, the layout process is crucial in ensuring that materials are cut and shaped accurately, which ultimately leads to a successful and high-quality end product.
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how does inflation and deflation affect economic growth
Answer:
Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.
If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.
100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.
You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?
You can say answers other than-
there are more restrictions
Answer:
There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.
I would try to remove corruption
Explanation:
Plz mark brainliest thanks
Answer:
(Disadvantages)
Government and political interference may lead to poor management.
-Operation in large scale may lead to diseconomies of scale arise.
(Advantages)
-Protecting the safety and health of the public and the environment.
-Offering consumers increased safety when choosing products.
Explanation:
Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?
Analyse any 3 relevant cultural values or/and cross-culture variations of Adidas x Parley the marketers use to influence consumer behaviour in Vietnam. These include other-oriented, environment-oriented and self-oriented values.
Evaluate how the marketers have succeeded/failed to adapt their marketing strategy to reflect cultural influences/differences in different markets.
To analyze the cultural values and cross-cultural variations in the marketing strategy of Adidas x Parley in Vietnam, we can focus on three relevant aspects: other-oriented values, environment-oriented values, and self-oriented values.
Other-Oriented Values: In Vietnam, communal harmony and collective well-being are significant cultural values. Adidas x Parley may emphasize social responsibility and community involvement in their marketing campaigns. By highlighting how purchasing their products contributes to environmental conservation efforts and promoting a sense of unity in tackling global challenges, they can appeal to Vietnamese consumers' desire to contribute to the greater good.
Environment-Oriented Values: Vietnam has a growing environmental awareness, particularly regarding ocean pollution and sustainability. Adidas x Parley's focus on creating products from recycled ocean plastic aligns with Vietnamese consumers' concerns for the environment. By emphasizing the positive impact of their products on environmental preservation, they can attract eco-conscious consumers and position themselves as a socially responsible brand.
Self-Oriented Values: Vietnamese consumers are becoming increasingly brand-conscious and value products that reflect personal style and social status. Adidas x Parley can tap into this by highlighting the fashionable designs and high-quality performance of their products. By associating their brand with positive attributes such as innovation and exclusivity, they can appeal to consumers' desire for self-expression and differentiation.
Regarding adapting their marketing strategy to reflect cultural influences and differences, Adidas x Parley's success or failure would depend on their understanding of the Vietnamese market and their ability to tailor their messaging accordingly. If they effectively incorporate local cultural nuances, values, and preferences into their marketing campaigns, they are more likely to succeed in resonating with Vietnamese consumers.
However, if they fail to acknowledge these cultural differences and simply replicate their global marketing approach, they risk alienating the target audience and missing out on potential market opportunities. Therefore, their success in adapting their marketing strategy would depend on their cultural sensitivity and ability to effectively communicate their brand values in a way that aligns with Vietnamese cultural influences.
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2
Goods are something you can physically touch.
A True
B
False
Answer:
True
Explanation:
Sterling Company paid $1,200 for 3 months of rent on April 1 of the current year. On April 30, Sterling Company made an adjusting entry to account for the rent that expired during the month of April. The adjusting entry contained a debit to Rent Expense in the amount of $ _______ and a credit to Prepaid Rent in the amount of $ ______. The remaining balance in the Prepaid Rent account after the adjustment was $ ______.
Explanation:
the rent start on February first and paid 400 the expense rent are for 29 days on 13.7 USD per day
city a averages 3000 heating/cooling degree days for the year, while city b averages 2000. in which city would you expect to pay higher utility bills?
In plain English, an average is a single number chosen to represent a group of numbers . Hence City B will pay higher utility bills .
What is Average ?It is often the sum of the numbers divided by the number of numbers in the group. The average of the numbers 2, 3, 4, 7, and 9 is, for instance, 5.
Average, mean, median, and norm all refer to something that sits in the middle. The average is the ratio created by dividing the total number of figures in a set by the total number of figures. scored 85 on tests on average. The term "mean" can refer to the simple average or to a figure that lies halfway between two extremes.
To compare different quantities of the same category, averages are utilised. For instance, to determine an organization's compensation per employee.
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