Based on production budget, the total production units that Hardon company should produce by June 30, 2021 are 34,500 units and total raw material cost is $147,360.
Production BudgetTo construct a production budget, we need to use budgeted sales unit data as our base. After knowing the relationship between the sales units and ending finished goods inventory, we could find the units to be produced.
Remember that:
Ending finished goods inventory = 25% x Next quarter's sales units
Beginning FG inventory = Previous quarter's ending finished goods inventory
Hence, the production budget for Hardon company is:
Dec, 2021 Q1 Q2 Q3
Sales units 5,000 6,000 7,000
End FG 1,250 1,500 1,750
Beg FG - 1,250 1,500 1,750
Production 5,250 6,250 7,200
Direct Materials BudgetAfter finding the production budget for 3 quarters, we could build our direct materials budget using the information of raw materials required to produce one unit of the product.
Remember that:
RM needed = 3 x production units
Q1 Q2 Q3
Production 5,250 6,250 7,200
RM needed 15,750 18,750 21,600
End RM 7,500 8,640
Beg RM 6,300 7,500 8,640
Purchase RM 16,950 19,890
RM costs $67,800 $79,560
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Complete Question:
On January 1m 2022, the Hardon Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022.
Sales units: First quarter 5,000 second quarter 6,000, third quarter 7,000
Ending raw materials inventory: 40% of the next quarter's production requirements
Ending finished goods inventory: 25% of the next quarter's expected sales units.
Third-quarter production: 7,200 units
The ending raw materials and finished goods inventories at December 31,2021 , follow the same percentage relationships to production and sales that occur 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30,2022 .
The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let your friends know how your job search is going
d. Obtain references from your network
Please select the best answer from the choices provided
0000
ABCD
The main purpose of a cover letter is to:
b. Be called in for an interviewWhy write cover letter?The chief aim of any cover letter is to acquaint oneself to a prospective employer, furnishing an effective summarization of one's talents, credentials, and allurement to the particular job position.
This letter is generally provided in accompaniment with a resume whenever applying for a job opening. An effectively composed cover letter is meant to seize the employer's eyesight and emphasize why you are the ideal candidate for that post, striving towards ultimately inexorable landing of an interview.
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Delaney takes out a $500,000 loan to open a new bar. He will repay the loan in 200 monthly installments, beginning 1 month from now. If he pays equal amounts of principal every month, what will be his third payment
Answer:
the question is incomplete, since you need an APR rate. I looked for similar question and the effective interest rate was 15%:
Delaney will pay $500,000 / 200 = $2,500 in principal every month.
His first payment will be = ($500,000 x 15% x 1/12) + $2,500 = $6,250 + $2,500 = $8,750His second payment will be = ($497,500 x 15% x 1/12) + $2,500 = $6,218.75 + $2,500 = $8,718.75His third payment will be = ($495,000 x 15% x 1/12) + $2,500 = $6,187.50 + $2,500 = $8,687.50Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:August 2 10 units were purchased at $12 per unit.August 18 15 units were purchased at $14 per unit.August 29 12 units were sold.What is the amount of the cost of goods sold for this sale? (Roun
Answer:
COGS= $158.4
Explanation:
Giving the following information:
August 2: 10 units were purchased at $12 per unit
August 18: 15 units were purchased at $14 per unit
August 29: 12 units were sold.
First, we need to calculate the weighted-average purchasing price:
weighted-average purchasing price= [(10*12) + (15*14)]/25
weighted-average purchasing price= $13.2
COGS= 12*13.2= $158.4
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 Beginning merchandise inventory $ 27,000 Purchases $ 270,000 Ending merchandise inventory $ 13,500 Fixed selling expense $
Missing information:
Fixed administrative expense $ 16,200 Variable selling expense $ 20,250 Variable administrative expense $ ? Contribution margin $ 81,000 Net operating income $ 24,300
1. Prepare a contribution format income statement.
2. Prepare a traditional format income statement.
3. Calculate the selling price per unit.
4. Calculate the variable cost per unit.
5. Calculate the contribution margin per unit.
Answer:
First we must determine cost of goods sold = $27,000 + $270,000 - $13,500 = $283,500
now we must find total variable costs = total sales - contribution margin = $405,00 - $81,000 = $324,000
variable administrative expenses = total variable costs - COGS - variable selling expense = $324,000 - $283,500 - $20,250 = $20,250
1. Prepare a contribution format income statement.
Total sales $405,000
Cost of goods sold $283,500
Gross contribution margin $121,500
Variable selling expense $20,250
Variable adm. expense $20,250
Contribution margin $81,000
Fixed period expenses:
Fixed selling expense $40,500Fixed administrative expense $16,200Net operating income $24,300
2. Prepare a traditional format income statement.
Total sales $405,000
Cost of goods sold $283,500
Gross profit $121,500
Operating expenses:
Selling expenses $60,750
Adm. expenses $36,450
Net operating income $24,300
3. Calculate the selling price per unit.
$4054. Calculate the variable cost per unit.
$3245. Calculate the contribution margin per unit.
$815.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
suon
Select the best answer for the question
7. The company's goal is to earn $5 profit for every sale that's made in its stores. Which key performance indicator can be used to measure the results of this goal?
OA. Number of sales per employee
OB. Profit made per sale
OC. Overall company growth
OD. Number of sales per day
Which of the following would be an advantage of engaging in international
trade over domestic trade?
Larger growth opportunities based on market size would be an advantage of engaging in international trade over domestic trade. Thus, option (b) is correct.
Businesses can reach a larger market through international trade, increasing their revenue. A company can run a higher risk of failing if it primarily concentrates on the home market since it is more susceptible to domestic economic developments.
International trading enables a business to diversify its clientele and lessen its reliance on a single market.
As a result, the significance of the advantage of engaging in international trade over domestic trade are the aforementioned. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
Which of the following would be an advantage of engaging in international
trade over domestic trade?
A. Higher cost of production due to higher labor costs
B. Larger growth opportunities based on market size
C. Clear understanding of laws and statutes concerning business operations
D. Less choice for consumers because of fewer products
What is the difference between a 3.5 fold and an 8 fold essay?
A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion, while an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph.
The terms "3.5 fold" and "8 fold" essay refer to different methods of organizing the structure of an essay. A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion. The three body paragraphs each have a specific purpose and follow a specific structure: the first paragraph introduces the main idea, the second paragraph supports the main idea with evidence, and the third paragraph provides a conclusion or summary.
On the other hand, an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph. The introduction and conclusion remain the same, but each body paragraph is broken down into smaller sections that address different aspects of the main idea. This allows for a more thorough exploration of the topic and a more complex argument.
In summary, the main difference between a 3.5 fold and an 8 fold essay is the level of detail and complexity in the organization of the body paragraphs. The 8 fold essay provides a more in-depth exploration of the topic, while the 3.5 fold essay is a simpler and more straightforward structure.
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Which career requires LESS education than an Auditor?
a) Accountant
b) Bookkeeper
c) Credit Analyst
d) Financial Manager
Calculate your month 1 expenses by adding the contents of column 8, your month 1 expenses. What is the total amount?
The total amount after adding month 1st expenses in the 8th column is 53,900$.
How to find?Lets add all the values in column 8-
= 2000+3000+3500+3250+4700+5575+6500+7500+8375+9500
= 53,900$
Hence, the total amount is 53,900$.
What are those expenses, exactly?Wages, salaries, repairs, rent, and depreciation are all examples of expenses. Profits are calculated by subtracting expenses from revenue. To lessen the tax burden and increase profits, businesses are permitted to deduct certain costs from taxes.
What are costs and expenses?Expenses are ongoing payments, whereas costs are one-time payments. Cost typically appears on the balance sheet, whereas expense appears on the profit and loss statement.
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Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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It is a busy Saturday in you realise that a customer who just left the store did so without getting change back hes do almost $20 back what would you do
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014
Cash $130,000 Accounts payable $100,000
Accounts receivable $100,000 Salaries and wages payable $20,000
Inventory $110,000 Mortgage payable 160,000
Prepaid insurance $60,000 Total liabilities 320000
Stock investments $170,000 Common stock $240,000
Land 180000 Retained earnings $500,000
Buildings 210000 Total stockholders' equity 740000
Less: Accumulated depreciation ($40,000) Total liability and 1.060,000
$170,000 stockholder equity
Trademarks $140,000
Total assets $1.060,000
a. 2.50:1
b. 2.13:1
c. 1.44:1
d. 2.86:1
Answer:
a. 2.50:1
Explanation:
Calculation for Current ratio
First step is to Calculate the Total current assets :
Cash $130,000
Accounts receivables $100,000
Inventory $110,000
Prepaid insurance $60,000
Total current assets (a) $400,000
Second step is to Calculate the Total current liabilities :
Accounts payable $140,000
Salaries and wages payable $20,000
Total current liabilities (b) $160,000
Now let find the current ratio using this formula
Current ratio = Total current assets / Total current liabilities
Let plug in the formula
Current ratio =$400,000 / $160,000
Current ratio =2.50 : 1
Therefore the Current ratio will be 2.50 : 1
Which of the following is an ineffective way of handling a problem?
clearly defining the problem
prioritizing steps to solve the problem
seeing the problem from the perspectives of all involved
focusing on only one side of the problem
The most ineffective way of handling a problem is focusing on only one side of the problem.
What is a problem-solving skill?Simply put, the process of defining a problem, identifying its root cause, and identifying, ranking, and choosing potential solutions for a problem is known as problem-solving.
In both professional and personal settings, the ability to solve problems is crucial In order to find the source of a problem and propose a solution, problem-solving abilities are crucial.
Good problem-solving abilities help you not only in your personal life, but also in your professional life. Employers frequently see everyday issue-solving as critical to the success of their firms in today's fast-changing global economy. Employees can use problem-solving to produce practical and creative solutions, as well as to demonstrate independence and initiative to employers.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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ethical concerns about sharing health data online. This would include the EHR, the patient portal, etc. How are these protected? Do you think current methods are good enough and are working? What about with Web 3.0 - where our online info could lead to customization of our searches? How ethical is all of this?
There needs to be an increase in encrypted protection of sensitive data to maintain ethics on the EHR, patient portal, etc.
Is Web 3.0 based on ethics?Technology has revolutionized people's lives in a social and professional way, with the internet being part of work, shopping and personal relationships between individuals. Web 3.0 is configured as an innovative means where the internet can be accessed from any device and where it is possible to exchange data between both, improving the speed with which information is shared.
In order to decide whether this is an ethical tool, it is necessary, in relation to the protection of online information, that it is focused on data security, with information available only when clearly permitted by the user, so that it can be used for commercial purposes and personalization of internet usage for example.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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If the odds in favor of Chris winning the election are 7:6, then what is the probability that
a) Chris wins.
b) Chris does not win.
Answer:
The odds in favor of an event are defined as the ratio of the probability that the event will happen to the probability that it will not happen. In this case, the odds in favor of Chris winning the election are given as 7:6. This means that for every 7 times Chris wins, he does not win 6 times.
To find the probability that Chris wins (a), we can use this information to set up a proportion: `7/(7+6) = 7/13`. So, the probability that Chris wins is **7/13**.
To find the probability that Chris does not win (b), we can subtract the probability that he wins from 1: `1 - (7/13) = 6/13`. So, the probability that Chris does not win is **6/13**.
On January 1, 2017, Swen paid $184,000 for $200,000 of the 8%, 20-year bonds of Penn Corporation, issued on January 1, 2013, at par. The bonds are held as an investment. Determine the gain and the character of the gain if the bonds are sold on January 1, 2019, for a. $191,000 b. $185,750 C. $183,000
The determination of the gain and the character of the gain if the Penn Corporation bonds are sold by Swen on January 1, 2019, for the proceeds of each sale is as follows:
(a) (b) (c)
Sales proceeds $191,000 $185,750 $183,000
Carrying value $185,600 $185,600 $185,600
Capital gain (loss) $5,400 $150 ($2,600)
What is the carrying value of bonds?The carrying value of a bond is the net amount between the bond's face value plus (minus) any unamortized premiums or discounts.
The carrying value is the book value of the bond.
When a bond receivable is sold, capital gain or loss is realized from the sale, which gives rise to capital gain tax.
Data and Calculations:Bond's price = $184,000
Face value of bonds receivable = $200,000
Premium received = $16,000 ($200,000 - $184,000)
Interest rate = 8%
Maturity period = 20 years
Payment date = January 1, 2017
Straight-line amortization of premium = $800 ($16,000/20)
Carrying value after two years, January 1, 2019, = $185,600 ($184,000 + $1,600)
(a) (b) (c)
Sales proceeds $191,000 $185,750 $183,000
Carrying value $185,600 $185,600 $185,600
Capital gain (loss) $5,400 $150 ($2,600)
Carrying value:
Face value $200,000
Unamortized premium $14,400 ($16,000 - $1,600)
Carrying value $185,600
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which of the following is a benefit that a business is likely to attain from purchasing new equipment?
The advantage that a business is probably going to accomplish from buying new gear is "Increased productivity."
The above assertion depends on the way that new hardware works quicker, and is all the more effective when utilized contrasted with old innovation. These characteristics of new hardware will prompt expanded efficiency. Putting resources into gear empowers representatives to work quicker and lessens manual and dreary errands.
Assuming that either how much information sources or level of innovation falls, your bend will move left. This happens because you produce less of every great currently contrasted with when the degree of innovation was higher.
Consequently, it very well may be inferred that the business advantage of buying new gear is to "increase productivity."
Hence option (A) is correct.
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This question is not complete , here I am attaching the complete question:
which of the following is a benefit that a business is likely to attain from purchasing new equipment?
(A) Increased productivity
(B) Better entrepreneurial knowledge
(C) Fewer natural resources required
(D) Lower costs
f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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What are some benefits of using personalization?
Answer:
According to marketing surveys, more than 80% of the B2B marketers have shifted from traditional methods to hyper personalization strategies to get more engagement.
1. It’s a different approach
2. It stands out among your competitors
3. Word of Mouth Always Works
The owner of Kat Motel wants to develop a time standard for the task of cleaning a cat cage. In a preliminary study, she observed one of her workers perform this task six times, with the following results:
Observation
1
2
3
4
5
6
52
Time (seconds)
27
30
54
69.8
98
What is the standard time for this task if the employee performance rating is 5.9% percent, and an allowance of 10.8 percent of job time is used?
seconds
Given: 1 2 3 4 6 Observation Time 5 93 99 87 90 81 90. Observed Time = Average of 6 samples -> ( 99+87 + 90 + 81 + 93 + 90 )/6 = 90. This observed time is at 50% faster rate. Hence Normal Time would be 90*3/2 = 135 seconds.
Standard Time : The standard time for a job can be obtained by multiplying the normal time by an appropriate allowance factor. Hence Standard Time = 135*1.1 = 148.5 ~ 150 seconds.
The synchronisation of clocks inside an area of geography to a single time standard, instead of a local mean time standard, is known as standard time. In general, standard time agrees with local mean time at a few meridian that passes through the area, usually near the centre. Standard time was established in the nineteenth century to help with weather forecasting as well as train travel. Geographical regions became time zones when they were applied globally in the twentieth century.
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If a good is "normal," then an increase in income will result
in
a decrease in the demand for the good.
A
a lower market price.
Ono change in the demand for the good.
an increase in the demand for the good.
If a good is "normal," then an increase in income will result in D. an increase in the demand for the good.
What happens to normal good demand when income rises ?In economics, a "normal" good is a good for which the demand increases as income increases. This means that as people's income increases, they are able and willing to buy more of this good.
Therefore, if a good is "normal" and a person's income increases, they will have more purchasing power and will be able to afford to buy more of that good. This will lead to an increase in demand for the good, as more people will want to buy it at each price level.
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1. Using credit has not always been a socially accepted practice, but it has become...
O Normal in American culture
A practice used by the wealthy
Less acceptable
Necessary for life in America
Answer:
Necessary for life in America
Explanation:
Hope it helped brainiest plz
Which term refers to the possibility of an investor losing some or all of an investment?
O risk
0 likelihood
O probability
O chance
Answer:
The answer is Risk because every time a stock holder or/and investor puts money into someone else company/business, it's not promising that they'll get their profit back because the company/business may not expand as they intended too.
The term investment risk refers to the possibility of an investor losing some or all of an investment. Hence, option A holds true.
What is an investment risk?An investment risk is the term that relates to the chances that determine the status of an investment in such class where there is no certainty in gaining good or substantial amount of returns.
Risks of an investor cannot be predicted, however, there are steps to divide the risks by investing in different classes of assets or debts as per the risk profile of an individual investor. A risk is directly related to the effect of profitability of an investment.
Hence, option A holds true regarding investment risk.
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Question 1 If the currency of your country is depreciating, the result should be to ______ exports and to _______ imports.
Is a measurement of the way suppliers respond to a change in price
Answer:
Elasticity
Explanation:
Elasticity of supply is a measure of the way suppliers respond to a change in price.
Good Luck!
I main kirby in ssbu
Me too bro- me too. He was honestly my main character, and now I'm stuck with the other useless characters.
Answer:
me too except i only spam stone a bit and use a whole variety of moves
Explanation: