Answer:
-$7billion
Explanation:
Given that
Exports of goods and services=$12 billion
Imports of goods and services=$14 billion
Net income on investments= -$4 billion
Net transfers= -$1 billion
Increase in foreign holdings of assets in the United States= $6 billion
Increase in U.S. holdings of assets in foreign countries= $3 billion
Recall that
CAB = (X - M) + NY + NCT
Where
X = export
M = import
CAB = current account balance
NY = net income from abroad
NCT = net current transfers
Therefore
CAB = (12 - 14) - 1 - 4
= - $7 billion
Answer: The answer is A. -$7billion
Explanation:
From the question above, we have the following parameters:
Exports of goods and services=$12 billion
Imports of goods and services=$14 billion
Net income on investments= -$4 billion
Net transfers= -$1 billion
Increase in foreign holdings of assets in the United States= $6 billion
Increase in U.S. holdings of assets in foreign countries= $3 billion
The formula for calculating Current Account Balance is given as:
CAB = (X - M) + NY + NCT
Where
CAB = current account balance
X = export
M = import
NY = net income from abroad
NCT = net current transfers
Therefore, we have:
CAB = (12 - 14) - 1 - 4 = - $7 billion.
Therefore, our answer is A.
A manufacturer of acrylic, latex, and nitrile gloves sells to medical laboratories, factories where employees handle chemicals, companies that manufacture micro-tech equipment, and cleaning services. The company is organized to better satisfy the specific needs of each of its four target markets, so it uses a ________ structure
Answer:
Market manager
Explanation:
Target market can be defined as a group of customers that are interested in purchasing a company products and services.
Identifying the target market is a very important stage, it aids the organization in the development of a marketing plan, lack of this vital information could lead to loss of a large amount of money and time for the business.
Focusing marketing strategies at a particular groups of consumers enables the promotion, pricing, and distribution of products and services a lot more easier and cost effective.
The company described above uses a market manager structure to better satisfy the specific needs of each of its four target markets,
All quality social media creation for a business has some cost attached to it, therefore business managers have many factors they should take into consideration before adopting a particular form of social media. Before participating in ________ a business should consider who will create the photo and video content, how the content will be distributed, and how much it will cost to create and distribute.
Answer: media share site
Explanation: In other to promote business growth, most businesses have tapped into the use of social media which enables business to reach a very large audience all over the world within a very short span of time. The media sharing sites refers to a website which gives users the privilege to store and share digital contents such as pictures, videos and other media content with others. Platforms such as Instagram, Vine, Flickr, and so on. Media sharing sites offers the ability to share contents with a others around the world through a website which is accessible from anywhere in the world. In selecting a media sharing site however, one must consider the content act or creator, distribution and cost.
Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell?
$844.62
$979.40
$736.80
$1,006.36
$898.53
Answer:
$898.54
Explanation:
The Price of the Bonds is equal to the Present Value or Fair Value of the Bonds.
Using the Financial Calculator, Input elements will be as follows :
N = 15
pmt = $1,000 × 5.7% = $57
YTM / i = 6.8%
Fv = $1,000
Pv = ?
Pv = $898.54
The Coupon rate is lower than the market rate thus the Bonds will fetch a lower price.
Which organizational structure is easily displayed in student's notes written in two columns with an action on the left column and the result of the action in the right column?
A. cause and effect
B. spatial relationships
C. order of importance
D. pare and contrast
Answer:
A. cause and effect
Explanation:
Based on the scenario being described within the question it can be said that the structure that is being mentioned is known as cause and effect. This basically refers to a structure in which the action or cause is written and detailed out on one side while the result/effect is written and detailed out on the opposing side to indicate a connection between both.
A company has a selling price of $1,550 each for its printers. each printer has a 2 year warranty that covers replacement of defective parts. it is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $145 each. during november, the company sold 25,000 printers, and 350 printers were serviced under the warranty at a total cost of $50,000. the balance in the estimated warranty liability account at november 1 was $26,500. what is the company's warranty expense for the month of november?
Answer:
$72,500
Explanation:
The computation of warranty expense is shown below:-
Estimated Printers returned = Printers Sold × Estimation of the returned printer under the warranty
= 25,000 × 2%
= 500
Warranty Expenses = Estimated Printer to be returned × Average Warranty Cost
= 500 × $145
= $72,500
Therefore for computing the warranty expense we simply applied the above formula.
Suppose a manufacturer makes two types of skis: a trick ski and a slalom ski. Each trick ski requires 8 hours of design work and 4 hours of finishing. Each slalom ski requires 8 hours of design and 12 hours of finishing. Furthermore, the total number of hours allocated for design work is 160 and the total available for finishing work is 180. Finally, the number of tricks skis produced must be less than or equal to 15. How many trick and slalom skis can be made under these conditions? The profit on each trick ski is $5 and the profit on each slalom ski is $10.
Answer:
The company can make 13 trick skis and 6 slalome skis
Explanation:
For trick skis:
8 hours design
4 hours finishing
For Slalom skis:
8 hours design
12 hours finishing
Total number for design = 160
Total number for finishing= 180
Therefore we have:
8x + 8y = 160
4x + 12y = 180
Let's solve with substitution method
8x + 8y = 160........*1
4x + 12y = 180........*2
We now have:
8x + 8y = 160
8x + 24y = 360
= -32y = -200
[tex] y = \frac{200}{32} [/tex]
y = 6.25
Let's substitute 6.25 for y in equation 1.
8x + 8(6.25) = 160
= 8x = 160 - 50
[tex] x = \frac{110}{8} [/tex]
x = 13.75
x = 13.75 and y = 6.25
The company can make a 13 trick skis and 6 slalom skis.
As a young boy, drew remembers his grandfather telling him, "son, if you can find something you like to do, and somebody is willing to pay you to do it, well, that's the secret to a great life." The way Drew saw it, this was his big break. For the past five years, he split his time between school and working for a local tree farm/nursery business. The owner recently announced he was ready to retire. As Drew began creating a business plan, he contemplated what the business might be worth. How much will he need to buy this business? for starters, drew:
a) needs to find a government data base that outlines what nursery businesses are worth, on average, across the country.
b) should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
c) will want to determine the assessed value of the acreage that the business owns, and then bid competitively.
d) needs to understand that it's difficult to buy an existing business, rather than start your own. the key will be to meet with the company's accountant, and explain your interest. the accountant will have all the answers.
Answer: b) should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
Explanation: Drew needs to speak to the current owner as he would be the best person to person to tell him about the business value in asset and market, it's earning potential in the environment it is located and society at large and it advantages and disadvantages as this would help drew better prepare for the task ahead.
Ravi Singh is working his way through college as an independent distributor of the Rapier Knife Co. The Rapier product line includes kitchen knives, hunting knives, and other special-purpose cutlery. Ravi makes sales presentations to potential customers in their homes. If a customer wants to make a purchase, Ravi buys the knives from Rapier and sells them to the customer at a markup. For example, Rapier's most popular knife is a chef's knife that Ravi buys for $25 and resells to the consumer for $50. Ravi is:________.
A. engaged in direct selling but is part of an indirect channel.
B. part of a direct-to-customer channel.C. engaged in direct marketing.D. None of these answers is correct.
Answer:
the correct answer is A. engaged in direct selling but is part of an indirect channel.
Explanation:
if you can see, ravi is actually dealing with his customers head on and maintain a direct and friendly relationship with them, the question states that he even makes presentations to customers at their homes. so there is no doubt that he is engaged in direct selling!
but the indirect channel he use is the way he gets the goods to sell. here he buys them from a supplier and sell them at a markup price. although this might be an indirect way, it does not mean that he is not engaged in "direct marketing". marketing aspect relates to how the seller is engaging with the market and customers.
Ravi Singh's method of selling knives from Rapier Knife Co. directly to consumers in their homes is an example of direct selling and constitutes a direct-to-consumer distribution channel.So,option B is correct.
Ravi Singh is involved in direct selling where products are sold directly to consumers without being stocked in traditional retail locations. Given that Ravi purchases the knives from Rapier Knife Co. and personally sells them to the end customer, he isn't part of an indirect channel which typically involves intermediaries like wholesalers or retailers. Thus, Ravi is part of a direct-to-consumer channel. This means that he is involved in a form of distribution where products are delivered directly from the manufacturer or distributor to the buyer, without retail intermediaries. It aligns with the marketing strategy of many businesses that aim to build a direct relationship with their customers.
Calculate the score for the layout below. Do not count the departments with just corners touching. The desirability ratings are based on a (-1 to 3) scale, where -1-undesirable, osunimportant, 1-slightly important, 2=moderately important and 3-very important. Existing Office Layout Reception Area (A) Managers Offices (D) Copy Room (B) Conference Room (C) President Office (E) Accounting Office (F) Desirability Ratings B D C A 2 - 3 E 2 a. 15 b. 8 c. 18 d. 11
Answer:
The answer is d as the total score is 11.
Explanation:
(A) Managers Offices with a rating of 2
(B) Conference Room with a rating of 2
(C) President Office with a rating of 3
(D) Copy Room with a rating of 2
(E) Accounting Office with a rating of 2
which gives the total score as 11.
so the option is d.
Perform online research and find the formula for calculating compound interest. If Mr. John Chrystal invests $6,000 today (Present Value) at a compound interest of 9 percent, calculate the Future Value of the investment after 30 years using the compound interest formula. In addition, calculate the Future Value of the investment 30 years from now using a 9 percent simple interest rate. State the difference between the two Future Values (using compound and simple interest). You may use an online calculator to determine the answer.
Answer:
It is 7,816.79
Explanation:
joemama10110101
Answer:
Calculation using compound interest:
The formula for calculating compound interest is below:
In the above given formula,
FV = Future Value
PV = Present Value
r = rate of interest
n = number of years to be compounded
Thus, we have:
Thus, the Future Value (FV) of the given investment will be $79,800 after 30 years at a compound interest rate of 9 percent.
Calculation using simple interest:
Simple interest rate applies only on the principal value of the initial investment every year. Thus, 9 percent of $6,000 is $540.
The simple interest earned over 30 years =
FV = $16,200 (simple interest earned over 30 years) + $6,000 (initial investment) = $22,200
Thus, the Future Value (FV) of the given investment will be $22,200 after 30 years at a simple interest rate of 9 percent.
The difference between the two FVs = $79,800 (using compound interest) – $22,200 (using simple interest) = $57,600. This illustrates the power of compounding.
Explanation:
The form of resource (input) substitution where one input can be exactly substituted for another in production is known as: Select one: a. Perfect substitutes b. Imperfect complements c. Imperfect substitutes d. Complementary substitutes e. Perfect complements
Answer:
a) Perfect substitution
Explanation:
When two good or services can satisfy the same purpose, and their prices are closely matched then they are called perfect substitutes. Example.
Answer:
A) Perfect substitutes
Explanation:
In business, perfect substitutes are products that are identical to each other, with similar characteristics, utility and price. They usually refer to certain commodities, specially agricultural products, e.g. corn. But the concept only refers to the products being on their primary state, for example once corn is processed into cooking oil, you can recognize the different brands like Mazola or Crisco.
Perfect substitutes shouldn't be branded or at least its purchase should not be influenced by its brand. In real life, perfect substitutes only apply to raw materials or primary goods, but as a concept it is used to explain how markets should theoretically work. E.g. perfect substitutes should all be price takers, identical and customers should not be able to distinguish between them.
A project has four activities (a, b, c, and
d.that must be performed sequentially. the probability distributions for the time required to complete each of the activities are as follows: activity activity time (weeks) probability a 5 0.25 6 0.35 7 0.25 8 0.15 b 3 0.20 5 0.55 7 0.25 c 10 0.10 12 0.25 14 0.40 16 0.20 18 0.05 d 10 0.60 12 0.40 the attached file, project, contains a spreadsheet simulation model to estimate the average length of the project and the standard deviation of the project length. create 2000 simulation trials. what is the project length? round your answer to one decimal place.
Complete Question:
A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows:
check the first file attached
Answer:
project length: 35 weeks
Standard Deviation: 2.80 weeks
explanation:
check The second , and third file attached for formatted excel solution
Gary owns shares in a company called Archibald Industries Inc. The company's financial performance has been declining over the past few months, and the value of its stock has been decreasing. Gary wants to proactively cut his losses and therefore sells his shares. Anneke, a trading enthusiast, buys shares in Archibald Industries because she believes that the share prices cannot go anywhere but up. Which of the following characteristics of a public stock company does this scenario best exemplify?a) legal personality b) separation of legal ownership and management control c) transferability of investor ownership d) limited liability for investors
Answer:
transferability of investor ownership
Answer:
The answer is C. transferability of investor ownership
Explanation:
Transferability of investor ownership is a characteristic of a public stock company in which the stocks owned by shareholders and investors can be sold and bought at will. This means that investors can choose to sell their stake in a company whenever they feel that it is unsafe to continue investing in the company. Conversely, investors can also choose to purchase stock in a public company if they feel that the company is profitable, or will be profitable in future.
In summary therefore, transferability of investor ownership describes a process whereby investors are allowed to trade shares of stocks.
Dapper Corporation had only one job in process on May 1. The job had been charged with $3,400 of direct materials, $4,640 of direct labor, and $9,200 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance $ 8,500 Purchased during the month $42,000 Used in production $48,500 Labor: Direct labor-hours worked during the month 2,200 Direct labor cost incurred $25,520 Actual manufacturing overhead costs incurred $52,800 Inventories: Raw materials, May 30 ? Work in process, May 30 $32,190 Work in process inventory on May 30 contains $7,540 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The balance in the raw materials inventory account on May 30 was:
Answer:
Inventories:May 30 Raw materials, $2000
Explanation:
Dapper Corporation
Beginning balance $ 8,500
Purchased during the month $42,000
Less Ending Inventory= $ 2000
Used in production $48,500
We add Beginning Bal Raw Material with the purchases and subtract the material used in production to get the Ending inventory of Raw Materials 30 May.
Ending Inventory= Beginning Balance + Purchases - Used Material
Ending Inventory = $ 8,500 + $ 42000- $ 48,500
Ending Inventory= $ 50,500 - 48,500
Inventories:May 30 Raw materials, $2000
Cooper Mills is a company that accomplished one of the greatest success stories of our time. The company, which began in the garage of its current CEO, Kyle Cooper, went on to become one of the largest producers of textiles in the country. The company has now diversified successfully into other product lines. A group of researchers is now undertaking a study on Cooper Mills as an organization led by a transformational leader. Which of the following, if true, would most support the conclusion that Kyle Cooper is a transformational leader?
Cooper Mills' goals tend to be very ambitious and to hold personal value for employees
Cooper Mills' goals tend not to be very ambitious and to hold personal value for employees.
Answer:Cooper Mill's goals tend to be very ambitious and to hold personal value for employees
Explanation:
Transformational leadership is a leadership theory where a leader transforms a follower into a leader by creating and adding positive values to such a follower for the sake of the organization.
The four attributes of a transformational leader are intellectual stimulation, inspirational motivation, idealized influence and individualized consideration.
A transformational leader must be very ambitious for changes and also hold personal value for employees
The purpose of a(n) __________ is to provide managers with incentives for motivating employees as well as feedback on how the company performs. a. organizational design b. span of control c. hierarchy of authority d. control system e. adaptive culture
Answer:
organizational design
Explanation:
Organizational design is the practice of identifying work process, systems and structure and configuring them to achieve organizational objectives. The design is focused towards for inclusive growth of employees, customers, investors, business entity and other stakeholders associated with the organization. A robust organizational design improves operational efficiency, profitability and customer experiences.
Answer: CONTROL SYSTEM.
Explanation: The purpose of a CONTROL SYSTEM is to to provide managers with incentives for motivating employees as well as feedback on how the company performs.
Control system in management can be defined as a method or way that manages, commands, directs, or regulates the behavior of other individuals in an organisation. It uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole in light of the organizational strategies pursued.
Maytag's front-loading Neptune washer comes in attractive designs and also guarantees quick cleaning and high energy efficiency. The Neptune washer is most likely an example of a ________ product.
A. deficient
B. pleasing
C. salutary
D. desirable
E. disposable
Answer: The Neptune washer is most likely an example of a desirable (D) product.
Explanation:
Neptune washer has marketed through public sales by installing the good features of rapid washing and additionally lodging the capacity of saving the power of utilizing the washer equipment with utmost optimum level. It is the desirable nature of selective consumers who satisfies with the Maytag's front-loading Neptune washer.
The nature of the desire is always coupled with the expectations of the essential products used in day to day routine life. In this situation, The Neptune washer is fulfilled with all the general features of the washer. But it is manufactured with unbelievable special features. So we can consider the Neptune washer is considered as the example of the desired product.
The Maytag Neptune washer, with its attractive design, quick cleaning, and high energy efficiency, is an example of a desirable product.
The Maytag's front-loading Neptune washer is most likely an example of a desirable product. A desirable product is one that not only meets the basic functional requirements but also provides additional benefits and features that make it appealing to consumers, like quick cleaning and high energy efficiency. It is not a deficient product since it fulfills its intended purpose efficiently, not a pleasing product as the term is too vague, not salutary which relates more to health benefits, and not disposable since washers are durables that are meant to last for years.
The present value of a future amount of money is the amount​ that
Answer:
would have to be invested today at a given interest rate over a specified period of time to equal the future amount.
Explanation:
One of the reasons for calculating present value of a future amount is to know how much value of money has changed over a period of time.
It also allows various investors make an informed decision with some level of accuracy on the profit that would be earned in the future when money is placed on different investment today.
It is the sum of money if invested today, yields certain amount of money at a given rate of interest over a specified period.
Examples of instruments traded are treasury bonds and bills.
Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marginal cost of the 3rd hour is $105. In this case, the total cost of talking on the phone for 3 hours is:
Answer:
$230
Explanation:
Data given in the question
Marginal cost of the first hour = $50
Marginal cost of the second hour = $75
Marginal cost of the third hour = $105
So by considering the above information, the total cost is
= Marginal cost of the first hour + Marginal cost of the second hour + Marginal cost of the third hour
= $50 + $75 + $105
= $230
We simply added the marginal cost of all three hours in order to determine the total cost
Reda is looking for a home equity loan. What factors should she look at when deciding which loan is best for her/11984163/ea85bca1?utm_source=registration
Answer:
1. Interest rate
2. she has to check what kind of home equity loan she wants. Fixed rate loan or home equity line of credit.
3. Reda has to check if the loan is serviceable.
Explanation:
1 First of all Reda has to take a good look at the interest rates. The loan with the lowest interest rate is the best to go for. The loan she can pay over in a short period of time.
2 Reda should also know the kind of home equity loan she is applying for.
Fixed rate loan:
This gives her a single payment amount. It has to be repaid at an agreed period of time at an agreed interest rate. The payment and loan are the same throughout the period of the loan.
Home equity line of credit:
This works like a credit card and may come with one in some cases. Reda would be pre-approved for a particular spending limit and she can make withdrawal whenever she needs money through the credit card. Monthly payment differs on borrowed money and the current interest rate.
3. She has to consider her ability to service the loan. She has to make sure her income monthly is able to meet the loan obligation. Otherwise the home would be at risk.
4. She has to compare the rates of the loan institutions that are offering her a loan.
Is the loss in efficiency due to market power large or small? explain. the loss in efficiency due to market power is?
Answer:
Small
Explanation:
Competition limits the market power, even when the market is not perfectly comparative.
Market power refers to a company's relative ability to manipulate the price of an item in the marketplace by manipulating the level of supply demand or both.
A company with substantial market power has the ability to manipulate the market price and thereby control its profit margin, and possibly the ability to increase obstacle to potential new entrants into the market.
A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $1,900 to customer J. Anthony; $4,900 to customer A. Martin; and $1,300 to customer S. Lee. Which journal entry is needed to record these transactions on May 15 (Choose the best answer)? A) May 15: debit Accounts Receivable $8,100; credit Service Revenue $8,100B) May 15: debit Accounts Receivable-J. Anthony $1,900, A. Martin $4,900, S. Lee $1,300; credit Service Revenue $8,100C) May 15: debit Service Revenue $8,100; credit Acct. Rec. $8,100D) May 15: debit Accts. Rec. Control $8,100; credit Sales Revenue $8,100May 15: debit Accts. Rec.-J. Anthony $1,900, A. Martin $4,900, S. Lee $1,300; credit Accts. Rec. Control $8,100
Answer:
B
Explanation:
The option B is correct because in individual subsidiary accounts, each customer entry will be separately made and total sales revenue will be recorded.
Answer:
B) May 15: debit Accounts Receivable-J. Anthony $1,900, A. Martin $4,900, S. Lee $1,300; credit Service Revenue $8,100
Explanation:
customer J. Anthony ⇒ $1,900 customer A. Martin ⇒ $4,900customer S. Lee ⇒ $1,300total sales reported during May 15 = $8,100
A subsidiary ledger account is an individual account set for a specific client that is part of a general ledger account. In this case, the individual ledger accounts are part of the accounts receivable account.
You can record each transaction individually or jointly:
May 15, services provided on account:
Dr Accounts receivable - J. Anthony 1,900
Cr Sales revenue 1,900
May 15, services provided on account:
Dr Accounts receivable - A. Martin 4,900
Cr Sales revenue 4,900
May 15, services provided on account:
Dr Accounts receivable - S. Lee 1,300
Cr Sales revenue 1,300
or
May 15, services provided on account:
Dr Accounts receivable - J. Anthony 1,900
Dr Accounts receivable - A. Martin 4,900
Dr Accounts receivable - S. Lee 1,300
Cr Sales revenue 8,100
Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If the board of directors authorizes a $15,000 dividend, the payments to preferred shareholders will total _________.
A. $2,500B. $500C. $750
Answer:
A. 2500
Explanation:
10,000 shares x $5 x .05= 2500
Final answer:
The total payment to preferred shareholders of Zinc, Inc. will be $2,500 if the board authorizes a $15,000 dividend. Preferred shareholders are entitled to a 5% annual dividend on the $5 par value shares, leading to the total payment calculation.
Explanation:
Zinc, Inc. has a class of preferred stock that will receive dividends before any dividends are paid to common shareholders. The company has 10,000 shares of $5 par, 5% preferred stock issued and outstanding. The preferred shareholders are promised a 5% dividend annually on the par value of their shares. To calculate the total payment to these preferred shareholders, we first find the annual dividend per share, and then multiply by the total number of shares:
Annual dividend per preferred share = Par value * Dividend rate = $5 * 5% = $0.25 per share.Total payment to preferred shareholders = Annual dividend per share * Number of shares = $0.25 *10,000 = $2,500.Therefore, if the board of directors authorizes a $15,000 dividend, the payments to preferred shareholders will total $2,500, which is option A.
In the context of factors that influence the motivation to learn, which of the following management actions is likely to increase employees' self-efficacy? Communicating that training will focus on identifying areas of incompetence Informing the employees about the times their peers have failed to benefit from the training Not sharing information on the purpose of training programs Emphasizing that learning is under the employees’ personal control Making it clear that only the best of the employees can get through the training programs
Answer:
Emphasizing that learning is under the employees’ personal control
Explanation: Self-efficacy refers to an individual's belief in his or her capacity to execute behaviors necessary to produce specific performance attainments (Bandura, 1977, 1986, 1997). Self-efficacy reflects confidence in the ability to exert control over one's own motivation, behavior, and social environment.
Some examples of strong self-efficacy include:
- A student who feels confident that she will be able to learn the information and do well on a test.
- A woman who has just accepted a job position in a role she has never performed before but feels that she has the ability to learn and perform her job well.
Self-Efficacy is the belief in one's ability to succeed in achieving an outcome or reaching a goal. ... High self-efficacy reflects confidence in the ability to exert control over one's own motivation, behavior, and environment, and allows students to become advocates for their own needs and supports.
Wall Street, in the borough of Manhattan in New York City, is the heart of the U.S. financial system, where banks, brokerage houses, other financial firms, and the New York Stock Exchange are all located. What is the reason for New York City's comparative advantage in the financial market
Incomplete question, here's the options that complete the questions:
A. external economies
B. the development of superior infrastructure
C. an abundant supply of skilled labor
D. New York City has one of the largest sea ports in the world
Answer:
A. external economies
Explanation:
The summarizing reason for this unique advantage of New York City is the influence of external economies. The population is made up of a large number of foreign businesses which plays a role in New York's local economy and has placed it as the financial capital of the world.
This has thus given the city comparative advantage.
Answer:
Its External Economies
Explanation:
Comparative advantage is the ability of an organization to carry out production activities and other business operation at a cheaper opportunity cost compared to rivals.
Some factors give rise comparative advantage which one of them is Internal and external External economies. While internal economies are firm specific and internal to the organization , external economies are caused by external situations.
External economies also occur when companies are located in a place where there are other specialized worker
Saving is:___________. 1. a sophisticated IOU that documents who owes how much and when payment must be made. 2. the desire to have goods and services sooner rather than later (all else being equal). 3. the purchase of new capital goods. 4. income that is not spent on consumption goods.
Answer: Option 4
Explanation:
Savings means a portion of the income which is not spent kept for creating value for money. The savings is the excess amount after meeting essential expenses. Savings is the amount that is used to create wealth.
By gradually saving the money one can investment them in any kind of assets to increase the value of the money. Savings is also useful to meet the future expenses. The income left out after meeting the expenditure is known as savings.
After the elimination period, a totally disabled insured qualified and started receiving benefits from his disability income policy that has a waiver of premium rider. What will most likely happen to the premiums paid into the policy during the elimination period?
a. premiums will be waived
b. premiums will be refunded
c. premiums will be retained by the company, but no further premium will be required for the duration of the disability
d. premiums will be prorated
In the Boston Consulting Group's Growth Share Matrix, the relative competitive position of a product or division is defined as its market share. its gross sales divided by its market share. its market share multiplied by that of its nearest competitor. its market share divided by that of the smallest other competitor. its market share divided by that of the largest other competitor.
Answer:
Option D Its market share divided by that of the largest other competitor.
Explanation:
The market share is usually calculated using the following formula:
Market Share = Company's gross sales / Total sales of Industry firms
This gives a percentage view of how much the business has captured the total of the market share. So if their is not available much data that provides information about the industry sales then the business can use the greatest competitor's gross sales as a total sales of industry firms. The market share calculated would help here in assessing the pace of market share growth of its firm.
Answer:
The correct answer is its market share divided by that of the largest competitor.
Explanation:
The competitive position of a firm from Boston Consulting Group Matrix's point of view is measured in terms of the percentage of the market served by the product i.e market share.
The relative competitive position is either computed using market share or revenue,invariably by diving the company's market share by the total market share.
However, when the total market share value is not available, the market share of the largest rival company can be sued as a proxy.
Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store earned an economic profit of $50,000 last year, this means that the store's accounting profit equaled:________.a. 6000b. 94000c. 2.044 milliond. 2.05 million
Answer: Option B$94000
Explanation:
The economic profit of the company can be found from the difference of the total revenue and the total cost that includes implicit and explicit cost. To find the total revenue earned the economic profit formula can be used.
Economic profit = Total revenue - (Explicit cost+ Implicit cost)
50000=Total revenue - (2,000,000+44,000)
Total Revenue = 2,044,000+50000
=2,094,000
Accounting profit is the actual profits earned by the firm which is calculated as difference between revenue and explicit cost. Implicit cost are not paid for they are the hidden costs.
Accounting profits = Total revenue - Explicit cost
=2,094,000 - 2,000,000
=$94,000
Thus the accounting profit of the local hardware store is $94,000.
You're a partner at O'Leary, Ford, and Bradley Legal Services, and one of your responsibilities is to get new business for your law firm. You've heard from a friend that a mid-sized corporation in your city has terminated their agreement with their old law firm and is looking for a new one that's a better fit for their needs. What do you expect them to do next, and how should you respond
Answer:
do your ownwork aha
Explanation:
A mid-sized corporation looking for a new law firm is likely to evaluate potential firms based on their needs. As a partner at O'Leary, Ford, and Bradley Legal Services, you should reach out with a targeted proposal demonstrating your ability to meet their unique legal needs, using past examples and highlighting specific expertise.
Explanation:In this scenario, the mid-sized corporation is likely to start evaluating potential legal services according to their specific needs. The corporation might create a list of potential law firms, conduct initial research about their performance, reputation, and expertise in the relevant fields, and arrange initial consultations or meetings.
As a partner at O'Leary, Ford, and Bradley Legal Services, your role would be to reach out to the corporation proactively. You can do this by preparing a proposal that outlines what your firm specializes in and how you might address their unique legal needs. This proposal might include examples of past work with similar corporations, specific expertise your firm offers, or unique solutions you've provided to similar legal issues. It's essential to convey your firm's ability to bring value and offer legal support that aligns with the company's needs and goals.
Presentation and communication also play a critical role. Remember, the goal is to convince them that your firm is the better option and that you understand their business and can meet their expectations.
Learn more about Law Firm Acquisition here:https://brainly.com/question/1970516
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