Answer:
A. Decisive leadership on the part of top executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture
Explanation:
Option A is the correct answer to this question.
The company's culture are the beliefs that it holds which influences every area of a business. When starting a business or running an existing one, you company's culture that is essential to the overall success and growth of your company. Strong company cultures are result oriented
A sales contact manager used by a salesperson is an example of a(n) ________.
A sales contact manager used by a salesperson is an example of a Customer Relationship Management (CRM) system.
CRM system helps the salesperson, who acts as a manager of customer interactions, to organize, track, and manage their contacts, leads, and customers. This system streamlines communication, allows for better customer service, and ultimately leads to increased sales. By using a CRM, the sales manager can easily monitor their sales pipeline, manage tasks, and maintain a strong relationship with their clients.
The CRM system provides valuable insights and data analysis, enabling the salesperson to make informed decisions and improve their sales strategy. Overall, a CRM is an essential tool for any sales manager looking to optimize their sales process and enhance customer relationships.
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aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 90 units in beginning inventory 0 units produced 3,400 units sold 3,000 units in ending inventory 400 variable costs per unit: direct materials $ 21 direct labor $ 38 variable manufacturing overhead $ 6 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 54,400 fixed selling and administrative expense $ 3,000 what is the unit product cost for the month under variable costing? multiple choice $69 per unit $65 per unit $85 per unit $81 per unit
The unit product cost for the month under variable costing is $69 per unit. Here option A is the correct answer.
The unit product cost for the month under variable costing is $69 per unit. Variable costing is a costing method in which only the variable costs of production are included in the cost of goods sold, while fixed costs are treated as period expenses. The unit product cost is calculated as the sum of all variable costs per unit.
Using the data provided, the total variable cost per unit is:
Direct materials: $21
Direct labor: $38
Variable manufacturing overhead: $6
Variable selling and administrative expense: $4
Total variable cost per unit: $21 + $38 + $6 + $4 = $69 per unit.
Fixed manufacturing overhead and fixed selling and administrative expenses are not included in the unit product cost calculation under variable costing.
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Complete question:
Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 90 units in beginning inventory 0 units produced 3,400 units sold 3,000 units in ending inventory 400 variable costs per unit: direct materials $ 21 direct labor $ 38 variable manufacturing overhead $ 6 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 54,400 fixed selling and administrative expense $ 3,000 what is the unit product cost for the month under variable costing? multiple choice
A - $69 per unit
B - $65 per unit
C - $85 per unit
D - $81 per unit
Which of the following is true if you are making all of your payments ON TIME? A. You will have many payments, and your credit score will drop. B. You will only have a few payments, and your credit score will remain the same. C. You will have many payments, and your credit score will rise. D. You will only have a few payments, and your credit score will drop.
Answer:
d. You will only have a few payments, and your credit score will drop.
Explanation:
The know you more about financial planning, the better you’ll be able to ______
Which is the best explains the infant industry argument against free trade?
The infant industry argument against free trade suggests that a newly established industry in a developing country needs protection from foreign competition in order to grow and eventually compete on a global scale.
This argument is based on the premise that the industry needs time to establish itself and gain the necessary experience and economies of scale to compete with established industries from developed countries. The protection may include tariffs, subsidies or other forms of government intervention. However, critics argue that this protection may result in inefficiencies, higher prices for consumers and a lack of innovation due to reduced competition. Therefore, the best explanation of the infant industry argument is that it is a temporary measure to enable a developing industry to compete in a free market, but it should be phased out as the industry becomes more established.
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the cost of goods or services used to operate a business are ____
The cost of goods or services used to operate a business are known as operating expenses.
Operating expenses are a type of ongoing costs that are necessary for the day-to-day operation of a business. These expenses are also known as "overhead" costs and include expenses such as rent, utilities, salaries and wages, insurance, office supplies, and marketing expenses.
Operating expenses are important to track because they can impact a company's profitability. If operating expenses are too high, it can make it difficult for a company to generate profits or it may even result in losses. Business owners and managers should regularly review their operating expenses to identify areas where they can reduce costs or optimize spending. By managing operating expenses effectively, a business can improve its bottom line and increase its chances of long-term success.
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how do imagination and creativity helps in innovating product?
People who live in urban areas are part of the target market for take-out via bicycle. This suggests that delivery services would most likely segment the market based on which consumer segmentation basis?.
Geographic The intended market for take-out delivered by bicycle includes residents of urban regions. This implies that delivery services would most likely divide the market into segments based on consumer preferences.
A geographic target market is what?
A marketing tactic known as geographic segmentation targets goods and services at local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors.
What are some geographical examples in the target market?
A clothing company that offers online consumers various products based on the climate or season in the area they dwell in is a wonderful example of geographic segmentation. In the winter, a customer from New York will need very different attire than one from Los Angeles.
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The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.
File maintenance is the process of setting up accounts in a general ledger, allocating account numbers, and updating entries.
Explain about the File Maintenance?According to Moss, efficient file management enhances workflow and makes it simple to access pertinent information and resources. You can make it simpler for you and other people to find and use your files by creating a logical and consistent filing system.
the process and action of putting information into a structured format for quick access. Drive A drive is a type of information storage unit used in computers.
The advantages of file management include keeping things organized, facilitating sharing, lowering the possibility of losing crucial information, and offering a backup in case something goes wrong.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Lopez acquired a building on June 1, 2016, for $42,151,300. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the
(a) The IRS has established a fixed period for calculating depreciation on residential rental property. It is 27.5 years. As a result, the annual depreciation deduction for a $42,151,300 building that is classified as residential is $1,532,800.
Here is how it works:
Depreciation rate = 1 / 27.5 = 0.0363636
Annual depreciation deduction = Depreciation rate x initial cost of the property
Annual depreciation deduction = 0.0363636 x $42,151,300
= $1,532,800
(b) If the building is classified as non-residential, the property will be depreciated over a fixed period of 39 years by the Internal Revenue Service (IRS).
As a result, the annual depreciation deduction for a $42,151,300 building that is classified as non-residential is $1,080,040. Here is how it works:
Depreciation rate = 1 / 39 = 0.025641
Annual depreciation deduction = Depreciation rate x initial cost of the property
Annual depreciation deduction = 0.025641 x $42,151,300
= $1,080,040.
To compute the depreciation deduction, the depreciable basis must be calculated first. The depreciable basis of a building is equal to the initial cost of the building minus the value of the land on which the building sits. The value of land cannot be depreciated. The building’s depreciable basis is $42,151,300 minus the value of the land. The value of the land is not included in the given problem.
Let us now calculate the annual depreciation expense of a residential building and a non-residential building.
(a) Depreciation deduction for residential building
Depreciation deduction per year = $1,532,800
Annual depreciation rate = 1 / 27.5
= 0.0363636
(b) Depreciation deduction for non-residential building
Depreciation deduction per year = $1,080,040
Annual depreciation rate = 1 / 39
= 0.025641
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how much money should i have saved for college life
Answer:
ALL OF IT
Explanation:
BECAUSE YOU GOING TO NEED THE MONEY IN THE FUTURE
what is motivation in business
Answer:
La motivación emprendedora es un factor importante para contribuir con el desarrollo de una sociedad. También es importante el proveer instrumentos para canalizar las acciones de los emprendedores/as potenciales para obtener el exito.
[ Entrepreneurial motivation is an important factor in contributing to the development of a society. It is also important to provide instruments to channel the actions of potential entrepreneurs to achieve success..]
Explanation:
Sorry my English is not very good but I hope you understand and help you with something.
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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The oligopoly market structure is characterized by several defining qualities, one of which is either similar or identical products. Of the following list of characteristics, which others describe the oligopolistic market structure? check all that apply.
It is to be noted that the oligopoly market structure is characterized by several defining qualities, one of which is either similar or identical products. Of the following list of characteristics, the options that describe the oligopolistic market structure are:
Difficult Entry (Option B)Market Controlled by a Few Large Firms (Option C)What is an Oligopolistic Market?When there is imperfect competition, market structures such as monopolies and oligopolies occur. A monopoly occurs when a single business manufactures items that have no close replacement, whereas an oligopoly occurs when a small number of reasonably big enterprises manufacture comparable but slightly different commodities.
An oligopoly is a market arrangement in which a small number of enterprises may prevent the rest from wielding substantial influence. The concentration ratio calculates the largest enterprises' market share.
Oligopoly types are:
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Full Question:
The oligopoly market structure is characterized by several defining qualities, one of which is either similar or identical products. Of the following list of characteristics, which others describe the oligopolistic market structure? check all that apply.
Market controlled by small firmsDifficult EntryMarket Controlled by a Few Large Firms Mutual InterdependenceMutual DependenceWhat is one benefit US workers who have a college degree rather than a high school diploma?
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
To maximize profits, Maria should sell _ loaves of ciabatta bread per hour
To maximize profits, Maria should sell 6 loaves of ciabatta bread per hour
What is Profit Maximization
Profit maximization is the technique used by corporations and enterprises to develop methods to increase earnings while reducing costs. Every company should have it as a primary goal because it is essential to their development.
Since maximizing profits from a company's operations is necessary for its survival, this is often thought to be its main goal.
In order words profit maximizing is the procedure used by businesses to determine the manufacture, cost, and output levels that will result in the most profits.
Therefore, a corporation must reach an equilibrium state in order to realize its full potential profits. When a company or producer's level of output results in the maximum, it is considered to have reached equilibrium.
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To maximize profits, Maria should sell 6 loaves of ciabatta bread per hour.
What is Profit Maximization?Profit maximization is the technique used by corporations and enterprises to develop methods to increase earnings while reducing costs. Every company should have it as a primary goal because it is essential to their development.
Based on the question;
Given that,
TR = Total Revenue
Q = Quantity of sale (units sold)
P = Price per unit of output
TR = P x Q
Given that,
MR = Marginal Revenue
ΔTR = Change in the Total revenue
ΔQ = Change in the units sold
TRn = Total Revenue of n units
TRn-1 = Total Revenue of n-1 units
MR = TRn - TRn-1
MC = TCn - TCn-1
From the given information, we will calculate the TR obtained at different units to get the MR(marginal revenue). So,
when
Q = 0 and P = 6 ----TR = PQ = 06 =0
Q = 1 and P = 5.50---- TR = 5.50
Q = 2 and P = 5---- TR = 10
Q = 3 and P = 4.50----TR = 13.5
Q = 4 and P = 4---- TR = 16
Q = 5 and P = 3.50---- TR = 17.5
Q = 6 and P = 3---- TR = 18
Q = 7 and P = 2.50---- TR = 17.5
Q = 8 and P = 2--- TR = 16
From the solved TR, we can say that:
MR as MR = TRn - TRn-1.
So, MR (0) = 0
MR(1) = TR1 - TR0
= 5.50-0 = 5.50
MR(2) = TR2-TR1
= 10-5.50
= 4.50.
Using the formula above.
MR(3) = 3.5
MR(4) =2.5, MR(5) = 1.5, MR(6) =0.5,MR(7) = -0.5 and MR(8) =-1.5.
From the given TC, MC can be calculated as:
MC = TCn - TCn-1
So, MC(0) = 0,
MC(1) = TC1 - TC0 = 4
MC(2) = TC2-TC1 = 3
MC(3) = 2.50, MC(4) = 2
MC(5) =1.5,MC(6) =1
MC(7) = 1.50 and MC(8) = 2.5.
To maximize profit, the condition will be:
MR=MC.
Based on data given, the MR is the same to MC at the point where the price is $3.50 and the quantity sold is sad to be 5 units.
Therefore, a corporation must reach an equilibrium state in order to realize its full potential profits. When a company or producer's level of output results in the maximum, it is considered to have reached equilibrium.
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The government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget.
Use the graph below to answer the questions.
------------------------------------------------------------------------------
The per-unit tax has generated total tax revenue of:
Multiple Choice
-$1 million
-$2 million
-$5 million
-$10 million
-$12 million
------------------------------------------------------------------------------------------
The deadweight loss created by the per-unit tax is equal to the area
Multiple Choice
-AKB
-KBC
-ACM
-ABL
-ABC
The per-unit tax has generated total tax revenue of D. $10 million.
The deadweight loss created by the per-unit tax is equal to the area D. ABL.
What is the tax generated ?The tax generated is:
= 5 x 2 burden on producers and consumers
= $ 10 million
What is Deadweight loss?Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is not Pareto optimal.
The deadweight loss is the area of ABL, This is because Deadweight loss can be calculated as the area between the supply and demand curves from the socially efficient level of production to the new equilibrium.
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Why are so many Americans quitting their jobs recently?
Multiple factors. A lot of states with elevated quits are states with higher-than-average c*ovid cases, but a lot of it is due to work market stress
An airline knows that there are two types of travelers: business travelers and vacationers. For a particular flight, there are 100 business travelers who will pay $600 for a ticket while there are 50 vacationers who will pay $300 for a ticket. There are 150 seats available on the plane. Suppose the cost to the airline of providing the flight is $20,000, which includes the cost of the pilots, flight attendants, fuel, etc. How much profit will the airline earn if it engages in price discrimination
Answer:
The answer is "$55000".
Explanation:
When discrimination against prices is practicable, $600 would be charged to travelers and $300 to tourists. Now,
Total revenue(TR) \(=P \times Q\)
\(=600\times 100+300 \times 50 \\\\ =600\times 100+15,000 \\\\ =60,000+15,000 \\\\=\$75,000\)
Total Cost(TC)\(=\$20000\)
Profit\(=TR-TC\)
\(=\$75000-\$20000 \\\\ =\$55,000\)
When the sellers and buyers reach an agreement about the sale of the property, they:
a. select a title company.
b. cloud the title.
c. order a chain of title.
d. prepare closing statements.
When the sellers and buyers reach an agreement about the sale of the property, they prepare closing statements.
These statements detail the final terms of the sale and include information about the purchase price, any adjustments to the purchase price, and the distribution of funds to both the seller and buyer. Once the closing statements are finalized, the parties can proceed with closing the sale. It is common for the parties to work with a title company during the closing process to ensure that the title to the property is clear and can be transferred to the buyer without any issues.
When the sellers and buyers reach an agreement about the sale of a property, they typically (a) select a title company. This company will ensure that the title is clear and assist with the closing process, which may include preparing closing statements (option d) as well.
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Which of the following statements is NOT true regarding the definition of abnormal behavior? a. Everyone acts in deviant ways once in a while. b. It is often difficult to draw a line that clearly separates normality from abnormality. c. People are judged to have psychological disorders only when their behavior becomes extremely deviant, maladaptive, or distressing. d. For the most part, people with psychological disorders behave in bizarre ways that are very different from the behavior of normal people.
Statement D is NOT true regarding the definition of abnormal behavior. For the most part, people with psychological disorders behave in bizarre ways that are very different from the behavior of normal people: This is not valid.
Abnormal behavior is an atypical conduct of a person that violates the norms of society, causing significant discomfort and mental health problems. The notion of abnormality is a sensitive and complicated one. Here are the following statements that are true regarding the definition of abnormal behavior:
a. Everyone acts in deviant ways once in a while: This is accurate. Abnormality may be subjective since what is perceived as normal conduct in one culture or context may be viewed as deviant in another. A person who lives in a society that does not tolerate alcohol consumption, for example, may consider anyone who drinks alcohol to be abnormal.
b. It is often difficult to draw a line that clearly separates normality from abnormality: This is accurate. The distinction between normal and abnormal conduct is usually a subjective one and is dependent on several cultural, environmental, and social factors. Abnormality is defined in part by the context in which the conduct occurs. A person's behavior is only considered abnormal if it causes problems for him or her or for others.
c. People are judged to have psychological disorders only when their behavior becomes extremely deviant, maladaptive, or distressing: This is accurate. Any conduct that is considered abnormal should be assessed in terms of its impact on the person or those around them. When evaluating someone's behavior as abnormal, it is essential to examine the extent to which it is causing suffering, harming others, or affecting one's ability to live normally.
d. For the most part, people with psychological disorders behave in bizarre ways that are very different from the behavior of normal people: This is not valid. Most people with mental health conditions do not display unusual or bizarre behavior. Only a small percentage of people with mental health issues display the classic symptoms that many people associate with psychological disorders, such as delusions, hallucinations, and hearing voices.
In conclusion, statement D is NOT true regarding the definition of abnormal behavior.
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What is the competitive structure in an industry with many buyers and sellers of homogeneous products that are almost exactly the same?
The competitive structure in an industry with many buyers and sellers of homogeneous products is perfect competition.
Perfect competition exists when there are many buyers and sellers of an identical product, and no single buyer or seller has the power to influence the market price.
In this type of market structure, firms are price takers rather than price makers, meaning they must accept the prevailing market price for their products.
The market is characterized by low barriers to entry, meaning new firms can easily enter and exit the market, and perfect information, meaning buyers and sellers have complete knowledge of the market conditions.
In a perfectly competitive market, firms must operate at maximum efficiency to remain profitable, as they have little control over prices.
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The cost function C=q(V1/2 +w1/2)^2 arises from:
a. a Cobb-Douglas production function
b. a CES production function.
c. a fixed proportions production function
d. a translog production function.
The cost function C=\(q(V1/2 +w1/2)^2\) arises from a CES (Constant Elasticity of Substitution) production function.
The CES production function assumes that the inputs of production are substitutes or complements in production. The elasticity of substitution between the two inputs remains constant, allowing for a constant degree of substitution between the two inputs. The cost function in this case is derived by using the mathematical properties of the CES production function.
The cost function shows the minimum cost of producing a certain level of output, given the prices of the inputs. In this case, the inputs are capital (V) and labor (w).
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what are the are the three groups of the economy
There are three main types of economies: free market, command, and mixed.
You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?
A. finance company
B. savings and loan association
C. credit union
D. savings bank
Savings and loan association is the lender is most likely to charge you the highest interest rate on your loan. Hence, option B is correct.
What is the main purpose of a savings and loan association?Building Societies or Savings and Loan Associations perform the same fundamental duties by gathering funds from the general public and using those savings to fund mortgage loans for residential real estate.
The S&L crisis may have caused the banking sector to collapse with the greatest degree since the Great Depression. By 1989, more than 1,000 S&Ls had failed nationwide, thus destroying one of the most reliable sources of house mortgages.
In that they provide many of the same services, including banking and mortgage financing, savings and loan associations function similarly to banks and credit unions. Savings and loan organizations, however, prioritize savings and mortgages more.
Thus, option B is correct.
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PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
A company's board of directors approved a 2-for-1 stock split. If you owned 190 shares before the stock split at \( \$ 23.41 \) per share, what would your new share price be after the split?
After the 2-for-1 stock split, the new share price would be $11.705 per share. This means that after the stock split, the share price would decrease to $11.705 per share.
After a 2-for-1 stock split, the number of shares doubles, while the share price is halved.
In this case, if you owned 190 shares before the stock split at $23.41 per share, your new number of shares would be 190 * 2 = 380 shares.
Since the stock split halves the share price, the new share price would be $23.41 / 2 = $11.705.
In a 2-for-1 stock split, each existing share is split into two shares. Therefore, if you owned 190 shares before the stock split, after the split you would have 190 x 2 = 380 shares.
To determine the new share price after the split, we divide the pre-split share price by the split ratio. In this case, the pre-split share price is $23.41 and the split ratio is 2-for-1. Thus, the new share price after the split would be $23.41 / 2 = $11.705 (rounded to the nearest cent).
A stock split is a corporate action where a company divides its existing shares into multiple shares, thereby reducing the share price and increasing the number of shares outstanding. In this case, the company approved a 2-for-1 stock split, which means that each existing share will be split into two shares.
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Describe the potential advantages and disadvantages of global expansion. Are the pros and cons the same for small firms as they are for large once? Are they the same for service firms and manufacturers? Explain your answers.
Potential advantages and disadvantages of global expansion Advantages of global expansion include reaching new customers, accessing new markets, diversifying risks, and acquiring new resources and knowledge.
The process by which businesses from one market—often referred to as their home market—expand operations into a different market—often referred to as the target market—is known as global expansion.
It's a corporate expansion strategy that opens up new global marketplaces for a corporation. International corporations like Apple, Coca-Cola, and IBM began in one market and gradually expanded to other countries. This is what global expansion entails.
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a state government borrows $2,000,000 at simple annual interest. some of the money is borrowed at 6%, some at 7.5%, and some at 8.5%. use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $141,250 and the amount borrowed at 7.5% is four times the amount borrowed at 8.5%. solve the system of linear equations using matrices. at 6% $ at 7.5% $ at 8.5% $
If the total annual interest is $141,250 and the amount borrowed at 7.5% is four times the amount borrowed at 8.5%. amount borrowed at 6% is $750,000, at 7.5% is $1,000,000 at 8.5% is $250,000.
Amount borrowedLet the amount borrowed at 8.5% be x.
at 8.5% = x
at 7.5% = 4x
at 6% = 2,000,000 - 5x
0.085x + 0.075(4x) + 0.06(2,000,000-5x) = 141,250
0.085x + 0.30x + 120,000 - 0.30x = 141,250
Collect like terms
0.085x = 21,250
Divide both side by 0.085
x = 21,250 / 0.085
x = 250,000
So the museum borrowed:
At 8.5% = 250,000
At 7.5% = 250×4 = 1,000,000
At 6% = 2,000,000 - 5(250,000) = 750,000
Check:
Total borrowed
250,000 + 1,000,000 + 750,000 = 2,000,000
Interest paid:
0.085(250,000) + 0.075(1,000,000) + 0.06(750,000) = 141,250
21,250 + 75,000 + 45,000 = 141,250
Therefore the at 6% is $750,000, at 7.5% is $1,000,000 and at 8.5% is $250,000.
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