Answer: COMMIT
Explanation: The word that best fit into question would be:
It is essential that members COMMIT to work through areas of interference that hinder achievement.
Explaining the statement in the question, for a group of individuals bound by a common objective to reach their target goal, there needs to be a commitment by the group members to do what's needed of them regardless the challenge they may face while doing their task.
Rayshard works for an automobile salvage firm. Last year he started going to monthly meetings with managers and coworkers to evaluate labor-saving ideas. One idea, raising the crane level by 8 feet to clear the building, saved them $2 million. Each of the employees received a $200 bonus for the implementation of that idea. What kind of compensation system is used?A PieceworkB. Scanlon PlanC. Time-saving bonusD. Merit payE. Group incentive
Answer:
B) Scanlon Plan
Explanation:
When a company uses a Scanlon plan incentive policy, it will share the profits resulting from cost saving ideas with its employees. The more money employees can help the company save, the more money they should receive as bonuses.
In this case, one of the ideas proposed by the employees saved the firm $2,000,000, so the company handed out $200 to each employee as a bonus.
During the year, a corporation declares a dividend and subsequently distributes to a stockholder $15,000 in cash and a bond with a basis of $25,000 and a fair market value of $26,000 on the date of distribution. The bond had a fair market value of $26,500 on the date that the corporation declared the dividend. The corporation has current earnings and profits in excess of the total amounts distributed during the year. What identifies the tax consequences of the distribution to the stockholder?
Answer:
The stockholder must report a total income of:
$15,000 (cash) + $26,000 (fair market value of the bond) = $41,000
Nonmonetary dividends have to be recognized at the fair market value of the assets that are distributed. Nonmonetary dividends are usually referred to as property dividends. Cash is recognized at its face value.
Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:
Answer:
Accounts Payable Fraud
Explanation:
Since Ms Anderson embezzled $20,00 from her company account and has not recorded the transaction on the books, presumably, She's an accountant. She made a deposit, on the turning of the fiscal year (december 31) for the record. The money must have been taken, via a check tampering, or a billing scheme or any kind of fraudulent reimbursement.
Incremental analysis is the process of identifying the financial data that________.
a. do not change under alternative courses of action.
b. change under alternative courses of action.
c. are mixed under alternative courses of action.
d. None of these answer choices are correct.
Answer:
b. change under alternative courses of action.
Explanation:
Hello! Incremental analysis is a technique used for the help of decision making by assessing the impact of small or marginal changes. It is studied similar alternatives whose difference is marked by investment; the changes that can do the alternative choices are more interest in this business analysis.
I hope it helps you! Feel free to ask more questions
Final answer:
Incremental analysis is a crucial technique in financial decision-making, focusing on identifying financial data that change under different courses of action. It helps businesses in making informed decisions by concentrating only on the relevant costs and benefits that are directly influenced by a decision.
Explanation:
Incremental analysis is a fundamental concept in financial decision-making that aids businesses in evaluating the financial ramifications of several alternatives. The essence of incremental analysis is to identify and consider only those financial data that change under alternative courses of action. This technique allows businesses to focus on the costs and benefits that directly relate to a specific decision, rather than those that remain constant regardless of the choice made.
The correct answer to the given question is: b. change under alternative courses of action. Incremental analysis zeroes in on the 'incremental' or additional financial outcomes that result from choosing one option over another. This approach helps in optimizing financial decisions by carefully considering only relevant variables that impact the decision-making process.
Businesses use incremental analysis for various purposes, such as determining the cost-effectiveness of proposed changes, assessing the financial viability of new projects, and deciding between keeping or replacing equipment. By focusing on the financial data that change, companies can make well-informed decisions that enhance profitability and promote efficient resource allocation.
An example of a noncooperative game is________.
a. a joint venture among agribusiness firms
b. none of the other answers
c. price competition among agribusiness firms
d. a joint investment among agribusiness firms
Answer:
c. price competition among agribusiness firms
Explanation:
A non cooperative game is a game where the players (individuals) in a game do not cooperate; the engage in competition in the hopes of earning the highest payoffs.
When firms in an agribusiness engage in price competition, they are not in cooperation and they are hoping to earn the highest revenue.
An example of a non cooperative game is the prisoners dilemna where confessing (Not cooperating) is the best strategy.
Disruptive innovation is a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market. True or false
Answer:
The correct answer is True.
Explanation:
The concept of “Disruptive Innovation” is relatively new, it was introduced by Clayton Christensen in 1997 in the book “The innovators dilemma” and refers to how a product or service that originally was born as something residual or as a simple application without Many followers or users quickly become the leading product or service in the market.
Disruption therefore occurs when emerging companies use new technologies or new business models and outperform the market that were the leaders until then.
There comes a time when users do not perceive as a differential advantage the type of evolutionary innovation that has been applied to a product, because they no longer need all those new features that the manufacturer has added to increase the profit and then the manufacturer becomes vulnerable and the evolution of that particular product ceases to be decisive, from that moment the price of that product can become decisive or another product will arrive with a new disruptive technology that will compete with the previous product and with the established technology. The most normal is that new products or services are easier to use and cheaper than products that were already on the market before and thus quickly capture the interest of consumers.
During the introductory stage of the product life cycle__________.a) The company yields very high profits.b) There is significant competition creating barriers to entry.c) The company is trying to recoup its marketing expenditures, such as promotions, research and development.d) Brand awareness is high due to product novelty.e) Brand loyalty is established.
Answer:
Letter c is correct. The company is trying to recoup its marketing expenditures, such as promotions, research and development.
Explanation:
The introductory phase of the product cycle is characterized by the insertion of the final product in the market.
In this phase the company focuses its efforts on the implementation of a marketing strategy such as promotions and advertisements that help reach the target audience. As it is a new product in the market, it is not common to have many competitors, but in return the profitability is also low, being common at this stage even financial losses.
Therefore, it is ideal to focus on customer-driven marketing so that the company begins to make profits.
A swap is: a) another name for a put option. b) another name for a call option. c) an agreement between two or more persons to exchange sets of cash flows over some future period. d) the name for the replacement of a futures contract by an options contract.
Answer:
The correct answer is option c.
Explanation:
A swap can be defined as a derivative contract that enables the exchange of cash flows or liabilities of two financial instruments. The most common instruments that are swapped are loans or bonds. An interest rate swap is the most common type of swap.
The other kind of swaps are
Commodity swaps Currency swaps Debt-equity swapsOn the My M&Ms website buyers can place custom orders for M&Ms. They can choose their own colors, put a personalized text message on the candies, and even upload a photo to be placed on each M&M. Which targeting strategy is M&M using for My M&Ms?
A. Undifferentiated marketing
B. Differentiated marketing
C. Concentrated marketing
D. Local marketing
E. Individual marketing
Final answer:
M&M uses Individual marketing for My M&Ms, allowing for personalized orders including color choice, text messages, and photo uploads to cater to unique customer preferences.
Explanation:
The targeting strategy M&M is using for My M&Ms, where buyers can place custom orders with their own colors, personalized text messages, and even upload a photo to be placed on each M&M, is Individual marketing. This strategy is geared towards delivering personalized products to meet the unique requirements of each customer. By allowing customization down to the level of individual preferences, M&Ms caters to a niche segment that values this level of personalization and uniqueness in their purchases, distinguishing itself from competitors that offer more generic, mass-produced options.
As a contract, the bill of lading specifies that the carrier
a. is obligated to provide a transportation service in return for a certain charge.
b. receives payment from a third-party such as a bank or trading house.
c. has obtained the merchandise described on the face of the document.
d. provides a written promise of payment before releasing the merchandise.
Answer:
As a contract, the bill of lading specifies that the carrier A) is obligated to provide a transportation service in return for a certain charge.
Explanation:
The Bill of Landing refers to the document that consists of detail of all the goods in a shipment to be delivered by the transporting company or individual. In other words, it is a receipt carrying the information of each good that is to be shipped. It also acts as a contract for the carrier of the shipment, and according to this contract, the carrier is obligated to provide a transportation facility in return for a certain charge.
Therefore, alternative A is correct about the Bill of Landing.
Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Kenneth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Answer:
Mr. Henderson is the bailee
Explanation:
In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.
A group of uniform rental companies agreed that they would not charge less than $5 per week per uniform even before the newly opened chicken plant contacted them for bids. This is an example of: price discrimination. a contrivance. collusion. business defamation. a conspiracy.
Answer:
A group of uniform rental companies agreed that they would not charge less than $5 per week per uniform even before the newly opened chicken plant contacted them for bids. This is an example of collusion.
Explanation:
A collusion is defined as an illegal cooperation that aims to deceive. In the example, the suppliers of a good [the uniforms, in this case] are agreeing amongst them to not sell the good below a certain bound so that they can maximize their earnings. This practice is illegal and in many cases is penalized because the collusion goes against the principles of healthy compeititon in a market by preventing it to define its own equilibrium price. It artificially rises the prices and creates distortions in the market.
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
Better high-speed rail lines
The widespread use of the Internet to conduct business
International trade agreements that lower tariffs and import quotas
Increases in the global population
Answer:
Better high-speed rail lines The widespread use of the Internet to conduct business International trade agreements that lower tariffs and import quotasExplanation:
Better cargo transportation services including high speed railroads, trucks and ships, all have helped increase international trade.
The internet and other improvements in telecommunications (e.g. smartphones) have changed our world, including the way business is done.
International trade agreements have lowered import tariffs, set a maximum tax rate for imports, and virtually eliminated import quotas in most developed nations (e.g. NAFTA and WTO).
The increase in international trade and finance since the 1950s is primarily due to international trade agreements, Internet usage for business transactions, and increases in the global population. The role of better high-speed rail lines is not as significant in global trade compared to these factors.
Explanation:The increase in international trade and finance since the 1950s can be attributed to several key factors. International trade agreements, which have lowered tariffs and import quotas, have increased the ease and profitability of global trade.
The advent and widespread use of the Internet for business transactions, has facilitated easier communication, faster transactions, and expanded the global marketplace. Increases in the global population have also boosted demand for goods and services, thereby increasing export and import activities.
Whilst better high-speed rail lines increase efficiency in goods transportation, they are more domestic- and continental-impacting, making their influence on global trade not as significant compared to the other factors.
Furthermore, since the early 1980s, imports have typically exceeded exports in the US, contributing to a trade deficit in most years. As such, the US has had to interact more with the international market, which reveals the increasing importance of international trade in the US economy.
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The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital where Dominic's major competitor's contract was up for renewal. What phase of the selling process corresponds best to this discovery?
Answer:
Prospecting
Explanation:
Prospecting is the initial phase in the business procedure, which comprises of distinguishing potential clients, otherwise known as possibilities. The objective of prospecting is to build up a database of likely clients and deliberately speak with them with expectations of changing over them from potential client to current client. Prospecting, done right, not just makes a pipeline of potential clients, it positions you as a confided in guide.
The hallmarks of a high-performance corporate culture include
A. a deep commitment to pioneering new best practices, a preference for being a fast-follower as opposed to a first-mover or late-mover, and across-the-board bonuses for all personnel when the company meets or beats stretch objectives.
B. a strong emphasis on teamwork, strict enforcement of company policies and procedures, and incentive compensation for all employees aligned with a balanced scorecard approach to measuring performance.
C. a deep commitment to top-notch quality and superior customer service, dedicated use of TQM and/or Six Sigma quality control programs, and the payment of big performance bonuses and stock options.
D. a "can-do" spirit, pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
E. a deep commitment to employee training, unusually attractive fringe benefit packages for company personnel, and frequently revised and updated values and ethics statements.
Answer:
The correct answer is D. a "can-do" spirit, pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
Explanation:
A true high performance organizational culture is the basis of innovation. Culture inspires people to go beyond their tasks, to take risks, to experiment and to make good decisions even when there is no one to control them.
Next, we tell you what are the 2 main characteristics of a high performance organizational culture:
Each culture is unique. Some organizations have a strong personality; a powerful essence derived from a deep heritage. Others, such as Netflix or Google, have created their own hallmark. The combination of values, character, and beliefs generate deep empathy among employees, making their work more meaningful and rewarding.Even so, they all encourage a set of similar behaviors; Although there are different corporate “personalities”, all these promote similar behavior patterns. The people within these organizations are passionate about success; They are oriented to continue growing, focus on their customers and their competition, rather than internal policies. They think as owners and have a tendency to act in different situations. They build work teams encouraging collaboration and always open to change, essential characteristics for innovation.Developing and maintaining this type of culture is a challenge, but it is possible; Leadership is key in this regard. A cultural change cannot be made without the leaders themselves adopting the behavior and values they wish to generate in the new culture. The most effective way to transmit it, is that they constantly have direct contact with the team, especially with key people who believe in culture and have an important weight within the organization, since they will be responsible for transmitting it to others. They are not afraid of the need to make changes to support the new culture, and constantly check that performance continues to remain high, as the culture progresses and evolves.
A high-performance corporate culture is characterized by a 'can-do' spirit, 'no-excuses accountability', and a results-oriented work ethic, which encourages employees to excel and meet or exceed objectives.
Explanation:The hallmarks of a high-performance corporate culture can somewhat be seen in all the given options, but most emphatically expressed in option D. A sound corporate culture often demonstrates a 'can-do' spirit, takes pride in doing tasks right, embraces 'no-excuses accountability', and embodies a results-oriented work climate where staff go the extra mile to meet or beat stretch objectives. Remaining resilient and tenacious, despite setbacks, promotes a culture of growth and innovation. Accountability keeps employees invested in their tasks and conveys that everyone's role matters. A results-oriented work environment motivates and pushes everyone to strive for excellence. Therefore, these characteristics combined shape a high-performance corporate culture.
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Imagine that you are a member of the band and you want to purchase some items from a music supply store. Use what you've learned to create a purchase order that you will send to the vendor you've chosen. Feel free to be creative with the items and business names. Just be sure to include all of the required elements of a purchase order that we identified in this section.
Purchase Order
Vendor: Music Haven Supplies
Items: Electric Guitars, Drum Kit Deluxe, Bass Guitar
Quantity: 2, 1, 1
Total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Purchase Order
Vendor: Music Haven Supplies
Address: 123 Harmony Street, Melodyville
Date: [Current Date]
Bill To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Ship To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Item Details:
1. Product: Electric Guitar
- Quantity: 2
- Unit Price: $800
2. Product: Drum Kit Deluxe
- Quantity: 1
- Unit Price: $1,500
3. Product: Bass Guitar
- Quantity: 1
- Unit Price: $700
total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Notes: Please ensure prompt and accurate delivery. Thank you!
This Purchase Order is crafted in adherence to the identified elements, facilitating a seamless transaction with Music Haven Supplies for Rock Rhythms Band.
Mike, the sales manager for Mega brands wants to increase the motivation of his sales force but has a very tight budget and cannot increase compensation. "Well, money isn't everything" he thinks. Mike decides to start posting on the company website the high performing individuals that have exceeded their short-term goals. Which of the following nonmonetary compensation methods is Mike employing?a. task clarityb. job/life satisfactionc. recognition of goal attainmentd. perquisites/perks
Answer:
c
Explanation:
recognition of goal attainment can be used to stimulate performance among sales team.. Announcements are made on notice board or website on the best sales men monthly, weekly or half yearly. This shows the attainment of target by the various individuals
Convention hotels provide meeting rooms and banquet hotels to convention participants. Sometimes a specific convention may involve 2000 members or only 75 members. To take care of both sizes of groups, convention hotels have movable walls that allow them to expand or contract a facility as needed by the group. By modifying its facility, the convention hotels are able to:
Answer:
adjust capacity to match demand
Explanation:
Based on the information provided in regards to the Convention hotels, it can be said that by modifying its facility, the convention hotels are able to adjust capacity to match demand. This is because if the convention event is bringing an occupational demand of 2000 members then the hotel can expand it's walls, thus adjusting to the capacity that the demand requires. The same goes for smaller demand, they can just shorten the walls to shrink the venue so that it is more comfortable for the guests.
Stores such as T.J. Maxx, Burlington Coat Factory, and Marshalls buy manufacturers' seconds, overruns, returns, and off-season production runs at below wholesale prices. These firms that resell this merchandise to consumers at deep discounts are called
a.category killers.
b.off-price retailers.
c.specialty retailers.
d.hypermarkets.
e.discount retailers
Answer: Off price retailers
Explanation: In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.
They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1, 2013.
50. Refer to Fact Pattern 24-2B. The instrument that Ewa signed is most likely
a. a certificate of deposit.
b. a draft.
c. an order to pay.
d. a promissory note.
Answer:
d. a promissory note.
Explanation:
A certificate of deposit is a product offered by banks in which people deposit an amount of money for a period of time to receive a specific interest rate.
A draft is a check that is guaranteed by the bank
An order to pay is an instruction given to the bank to transfer funds to a specific account.
A promissory note is a document in which a person commits to make payment for a specific amount on a certain date.
According to this, the instrument that Ewa signed is most likely a promissory note.
An increase in interest ratesA. increases investment spending on machinery, equipment, factories, consumption spending on durable goods, and net exports.B. decreases investment spending on machinery, equipment, and factories, but increases consumption spending on durable goods and net exports.C. decreases investment spending on machinery, equipment, factories, consumption spending on durable goods, and net exports.D. decreases investment spending on machinery, equipment, factories, and consumption spending on durable goods, but increases net exports.
Answer:
The correct answer is option C.
Explanation:
An increase in the interest makes it more expensive to borrow money. In other words, the cost of borrowing increases. This will cause investment expenditure on machinery, equipment, and factories to decline.
Increased interest rate also increases the opportunity cost of holding money. The consumers will get more return from saving. This will reduce, the consumer spending on durable goods.
The increased interest rate will attract foreign capital inflows. The increase in demand for currency will increase its value. This will reduce exports and increase imports. As a result, net exports will decline.
A city government imposes a proportional income tax on all people who earn income within its city limits. In 2004, the city's income tax rate was 0.04 (4 percent), and it collected $20.00 million in income taxes. In 2005, it raised the income tax rate to 0.05 (5 percent), and its income tax collections declined to $19.20 million. What happened to the city's income tax base between 2004 and 2005?A. it fell by $0.80 million.B. it fell by $116 millionC. it ross by $116 millionD. it cannot be determined since the tax rate changed
Answer:
B) it fell by $116 million
Explanation:
If during 2004 the city was able to raise $20 million with a 4% income tax, then the city's income base was:
($20 million / 4%) x 100 = $500 million
If during 2005 the city was only able to raise $19.20 million with a 5% income tax, then the city's income base lowered to:
($19.20 million / 5%) x 100 = $384 million
This means that the city's income base was reduced by $116 million (= $500 million - $384 million)
Shelly is undergoing the six-step process for establishing prices for a newly launched product. She has just finished assessing the target market's evaluation of possible prices. What is Shelly's next step?
Answer:
Evaluation of competitors price
Explanation:
Shelly must benchmark her product's price against its direct competitors, how often they offer discounts or promotions, etc. She should also evaluate differences in product quality, and if possible, she should try to get information about her competitors' costs.
Are you offering a high quality, medium quality or low quality product? Is your price correct according to what the competition offers? Or is it too high or too low? If so, why is it too high? It it's too low, it is always easier to increase the price but decreasing it may b difficult.
Depending on what type of product you want to sell and the relationship that your company has with retailers, the distribution costs can affect your final price. For example, some companies make special deals with some retailers to give them exclusive rights to sell their products at a certain price that tends to be much lower than their competitors'.
Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education. Most of the gap is explained by discrimination. True g
Answer:
The answer to the question is TRUE
Explanation:
Education is one of the most influential determinants of wages, so it is a contributing factor to the racial wage gap. Different levels of education between races lead to different salaries for different racial groups. Education affects wages as it allows access to higher status occupations that offer higher profits.
When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.
The racial wage gap of blacks and whites has been observed to differ in the public and private sectors. When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.
Having a university degree worsens the gap, contrary to the belief that education is key to a more egalitarian society.
The growing inequality has had a greater impact among young black graduates with university degrees in the years after the Great Recession than during any other period.
In the particular case of race, it could be said that because black individuals are on average poorer and receive lower quality education, employers prefer not to hire them, however many of the black candidates may be better able to perform the job. than the average white workers. In this case, the best educated black individuals get lower salaries due to the characteristics assigned to the group in general.
The failures that occur in the labor market are caused by the low investment in human capital that they acquire as children, which is transformed into productive human capital in adulthood.
Parental education significantly increases the returns of children's education.
Although African Americans and whites had access to similar levels of education, almost 6 percent of blacks who had higher education had no job, while among whites unemployment stood at almost half, with 3.5 Percent of unemployed among graduates.
When Teresa Carleo, the owner of Plant Fantasies, started her business, staying with the business for the first few years was difficult for her. Though it was inconvenient, she decided to work from home to avoid paying the rent for office space. Teresa's decisions to stay with the business and work from home exemplify _____.
a. workplace deviance
b. production blocking
c. options-based planning
d. long-term strategic plans
Answer: (D) Long term strategic plan
Explanation:
The long-term strategic plans is the process of planning the various types of organization targets and also achieve the specific strategic goals by coordinating the organization department.
The long term organization outline the specific trajectory development. The long term plans are mainly help in the organization by improving the productivity, investment, technology and the relation of the company employees.
Therefore, Option (D) is correct.
Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, changes are made when implementing the strategy to reflect an essence of the local culture, such as the ethnicity of the people in their ads and the music used in jingles. This is an example of __________.
Answer: Glocalization
Explanation:
Glocalization is referred to as the concurrent occurrence of generalizing and thus also the stipulating tendencies in the modern political, social, and economic structure. The idea of the glocalization tends to represent a confrontations to the simplistic interpretation of the globalization method as the linear development of the territorial level.
Pierre’s Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $280,000. A new salon will normally generate annual revenues of $67,320, with annual expenses (including depreciation) of $38,600. At the end of 15 years the salon will have a salvage value of $79,000.Calculate the annual rate of return on the project.
Answer:
16%
Explanation:
Given: Cost of building new salon is $280000.
Annual revenue is $67320.
Annual expenses is $38600.
salvage value is $79000.
First, lets calculate Annual income.
Annual income= [tex]Revenue-expense[/tex]
Annual income= [tex]67320-38600= \$ 28720[/tex]
Now, calculating the average investment.
Average investment= [tex]\frac{(Investment + salvage value}{2}[/tex]
Average investment= [tex]\frac{(280000+79000)}{2} = \frac{359000}{2}[/tex]
∴ Average investment= [tex]\$ 179500[/tex]
Annual rate of return= [tex]\frac{Annual\ income}{Average\ investment} \times 100[/tex]
Annual rate of return= [tex]\frac{28720}{179500} \times 100 = 16\%[/tex]
∴Annual rate of return on the project is 16%.
Which NIMS Management Characteristic helps to eliminate confusion caused by conflicting instructions?A. Management by Objectives.B. Chain of Command and Unity of Command.C. Information and Intelligence Management.D. Accountability.
Answer:
B. Chain of Command and Unity of Command.
Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 6 percent. Today comparable bonds are paying 6.5 percent. What is the approximate dollar price for which you could sell your bond?
Answer:
$923.077
Explanation:
Data provided in the question:
Face value of the bond = $1,000
Interest rate = 6% = 0.06
Comparable interest rate = 6.5% = 0.065
Now,
The amount of annual interest on the bond
= Face value × Interest rate
= $1,000 × 0.06
= $60
Therefore,
the approximate dollar price for selling the bond
= ( Dollar amount of annual interest ) ÷ ( Comparable interest rate )
= $60 ÷ 0.065
= $923.077
Final answer:
Explanation of the inverse relationship between bond prices and interest rates when market rates increase, resulting in the bond selling for less than face value. Therefore, the approximate dollar price at which you could sell this bond can be calculated to be around $964.
Explanation:
When comparing bond prices and interest rates, there is an inverse relationship. If market interest rates increase, the value of existing bonds decreases. In this case, with a rise in rates, the bond you hold at a 6% coupon rate would sell for less than its $1,000 face value. The approximate dollar price at which you could sell this bond can be calculated to be around $964.
The basic characteristics of a pure capitalist system include the private ownership of the means of production and economic activity is coordinated through a system of markets and prices. True or False?
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
The statement is true. Basic characteristics of a pure capitalist system include private ownership of resources, which are used according to their owner's desire. Economic activity is coordinated through a system of markets and prices determined by supply and demand, and civil liberties such as free speech and religion are crucial.
Explanation:True, the basic characteristics of a pure capitalist system do include the private ownership of the means of production. In a capitalist system, economic decisions and the pricing of goods and services are determined on the open market, where the laws of supply and demand prevail.
Individuals and businesses own the resources (e.g. labor, materials, land and capital) and have the right to employ them as they see fit. They are motivated by the pursuit of profit, which drives competition and innovation. Their economic activities are coordinated through a system of markets and prices. The market determines who gets what, how much they get, and under what conditions.
In capitalist systems, competition and consumer choice determine economic winners and losers. Also, there are civil liberties protected from governmental interference which are fundamental to capitalism such as freedom of speech and religion. The system is also characterized by its focus on individualism and competition, as opposed to the collective undertaking present in other economic systems like socialism or communism.
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