If an office building earns $850,000 per year, and expenses are 35% of that amount and if the property is capitalized at 12%, then the approximate value of that office is $4,604,167.
To solve the above question, we have to first find out the amount spent on expenses which is $850,000 x .35 = $297,500, and then subtract that amount that is the amount spent on expenses from the total amount the office earns which will be, $850,000 - $297,500 = $552,500. Since the property is capitalized at 12% then in order to reach the final answer, take 12% of $552,500, which will be $552,500/12% = $4,604,167 (the approximate value).
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lantana co. conducts pays for many imports denominated in canadian dollars. it is a major exporter to france, and invoices the exports in euros. it also has much business in u.s. dollars. it has no other international business and does not hedge its transactions. it is about to obtain a small loan. it could reduce its exchange rate risk if its loan is denominated in: a. u.s. dollars. b. euros. c. canadian dollars d. none of the above
It could reduce its exchange rate risk if its loan is denominated in: euros.
How can the risk of exchange rates be diminished?When making investments abroad, exchange rate risk cannot be completely avoided, but it can be greatly reduced by using hedging strategies.
Investing in hedged securities like hedged ETFs is the simplest solution. A hedged ETF's fund manager can handle the FX risk at a significantly reduced cost.
The most popular tool for managing foreign exchange risk is the forward transaction. A corporation that deals in foreign currencies can agree to fix the exchange rate it will get at a later time via a forward trade.
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on february 14 the price of gold was about $1620/oz, while the price of silver was about $30/oz. what was the nominal price of gold on february 14?
On february 14 if the price of gold was about $1620/oz, while the price of silver was about $30/oz than the nominal price of gold on february 14 was also $1620/oz.
The nominal price of a good is its worth in terms of cash, like greenbacks, French francs, or yen. The relative or real price is its price in terms of another sensible, service, or bundle of products. The term “relative price” is employed to form comparisons of various product at identical moment of your time.
When the value of production is high, the price of gold is increased by miners in order that they will preserve their profits. This reflects once the gold is sold-out within the market. once the economic conditions create gold additional engaging, the demand will increase resulting in the rise in its rating.
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build a spreadsheet model and solve the problem using solver. what is the recommended investment portfolio for this client? internet fund
Construct a spreadsheet model and remedy the trouble with the use of the solver. what is the endorsed investment portfolio for this client, Internet Fund 25,000 .
Internet Fund is a unique type of investment fund that focuses on investing in start-ups and early-stage companies that operate in the internet and technology sectors. It is a type of venture capital fund that provides capital to internet and technology companies in the early stages of development.
Internet Funds are typically managed by professional investors who have experience in identifying and investing in promising companies in the internet and technology space. The fund invests in a variety of start-ups and early-stage companies that have the potential to grow and become profitable. The fund usually targets companies that have a strong business model, a solid team, and a potential for growth.
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An advantage of the balanced scorecard framework is the ability to automate the flow of information on __________, so that executives are kept fully informed about business performance.
Answer:
key performance indicators.
Explanation:
Please give the brainliest
You find one efficient practice and teach
it to all of your employees in order to
improve efficiency. What type of
management is this?
A. Classical
B. Quality
C. Behavioral
To increase efficiency , you choose one effective strategy and impart it to each and every one of your staff members. Which management style is this Behavior C
Which efficiency do you mean?Efficiency is the capacity to complete an action with little or no wastage, effort, or energy. Being effective using your resources as effectively as you can to get the results you want. Simply put, there's something efficient if there is no waste and every process is optimized.
What is an instance of effectiveness?Efficiency is the practice of performing the same tasks more quickly or waste-free. You might discover a better way to conduct a project status meeting, for instance, so that it lasts 30 minutes .versus 45 minutes on average. Finding a means to enhance results, perhaps by acting significantly differently, is what effectiveness is all about.
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Jacqueline was moved to a different office at work but struggles to adjust to her new setting. Which soft skill should she work to improve?
Adaptability
Leadership
Problem solving
Teamwork
The soft skill that Jacqueline should work on improving would be adaptability in her new office.
What is adaptability?It is the individual's ability to adapt to a new environment and its characteristics. This is an essential skill for the job market, since there are always new developments for which the company will shape itself in order to innovate and meet internal and external needs.
Therefore, adaptability would lead Jacqueline to face the challenge of moving to a different office in a positive way, seeking to understand how the place works, and contributing with her work to achieve integration into the environment.
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f easyfind chooses to reduce its selling price to the new price point, how many units would they have to sell to generate the same monthly revenue?
If EasyFind chooses to reduce its selling price to the new price point, they would have to sell 6 837.5 units to generate the same monthly revenue.
Price at that a writing is purchased is understood as its selling price (S.P.). If SP is larger than CP then the vendor is alleged to own profit or gain. a business set the damage consistent with the share of profit it expects.
Gross monthly revenue is that the total sales revenue for the month. It does not embody discounts on broken merchandise or client returns. after you compute those and similar things from gross monthly revenue, you finish up with web monthly revenue.
The question is incomplete, find the complete question here
EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $19 per dozen. Their current volume is 5,470 dozen per month. They are considering reducing their sales price by 20% per dozen. If EasyFind chooses to reduce its selling price to the new price point, how many units would they have to sell to generate the same monthly revenue?
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your stakeholders are concerned about the source of your data. they are unfamiliar with the organization that ran the analyses you referenced in your presentation. which kind of objection are they making? 1 point presentation skills data analysis findings
They are raising some sort of criticism to the offered assertion regarding the statistics.
What are instances of stakeholders?A stakeholder has an interest in a firm and has the potential to influence or be affected by its operations and performance. Investors, workers, consumers, manufacturers, localities, governments, or trade groups are examples of typical stakeholders. Employees, managers, directors, and many other firm personnel are examples of internal stakeholders.
A CEO is a stakeholder, right?An executive-level employee often fills the Executive Stakeholders (ES) function, as the name would imply. The individual may be a CEO an executive director, a chief data officer, a head of development, or a programmer, among other positions.
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The complete question is-
Your stakeholders are concerned about the source of your data. They are unfamiliar with the organization that ran the analyses you referenced in your presentation. Which kind of objection are they making?
(a). Findings
(b). Data
(c). Presentation skills
(d). Analysis
Assets that have a physical presence that enables them to be seen and touched are called _____ assets.
Assets that have a physical presence that enables them to be seen and touched are called tangible assets.
What are Tangible Assets?
Tangible assets are physical assets with monetary value that can be purchased and sold. Land, buildings, machinery, equipment, furniture, vehicles, inventory, and cash are examples of tangible assets. However, intangible assets have a theoretical value rather than a transactional exchange value.
What are Intangible Assets?
Intangible assets are non-physical assets that have a monetary value attached to them. Examples of intangible assets include intellectual property such as patents, copyrights, and trademarks; software and databases; customer lists; goodwill; brand recognition; and business processes.
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question 6 you are creating a dashboard in tableau to share with stakeholders. why might you decide to pre-filter the dashboard? select all that apply.
To save stakeholders time in finding important data, To save stakeholders the effort of filtering the dashboard themselves, To direct stakeholders to important data.
Why is it crucial that the stakeholders you named are involved in the process?The ability to involve as many people or groups in your project depends on your ability to identify the stakeholders in a business process or project. When there are plenty of participants, you have a chance to get more ideas or input from various angles and make sure all the necessary parties are included.
Filter activities, highlight actions, and URL actions are the three different categories of dashboard actions. The choices made in one viz can influence others thanks to filter actions. You may even switch between different dashboards with this.
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tim accepts a job as vice president for human resources at a technology startup. he discovers that the startup believes that teamwork is so important that it plans to award all raises and bonuses by splitting them equally within a team rather than presenting them to individual employees. what action should tim take regarding this plan?
Cancel the proposal since it will result in little to no work being done by opportunistic staff. Tim agrees to work for a technology firm as vice president of human resources.
What exactly does teamwork mean?
"The process of working cooperatively with a group of individuals in order to achieve a goal" is what teamwork is defined as. Because it is frequently required for coworkers to work effectively together, giving it their all in every situation, teamwork is frequently a critical component of a firm.
Why is collaboration so crucial to our lives?
Additionally, successful cooperation improves group outcomes and an organization's measured effectiveness. Communication and solid working connections are fostered via teamwork. Great working connections may be created via teamwork. Team members may not necessarily need to be close friends.
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The magnitude of operating leverage for perkins corporation is 4. 5 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent?.
If sales increase to $110,000, profits would be expected to increase by 45% percent.
Define operating leverage.
The amount that a company's operating income varies in reaction to a change in sales is measured as operating leverage. The DOL ratio helps analysts assess how any change in sales will affect the company's profitability. Even while some businesses have lower sales volumes and lower average profits per sale, they can nonetheless produce enough revenue to pay their fixed expenditures.
For instance, a software company has higher fixed costs for the pay of developers and lower variable expenses for software sales. The company has significant operating leverage as a result. As a result of its high proportion of variable costs, a business with low operating leverage experiences lower profit margins from each sale but does not need to grow its customer base as much to make up for its lower fixed costs.
Given:
(New-old)/old = (110,000-100,000)/100,000 = 10%
10% × 4.5 = 45%
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After hearing erin’s example, what is your reaction? have you considered the opportunity cost of paying off student loans?.
My reaction about the erin’s example is that I felt I gained more knowlegde.
In the opportunity cost of paying off student loans in a case whereby the student loan payment, was made that money is gone forever even though the money spent on the student loans, means that you can't spend that money anything else which implies that you paid off student loans while holding other financial goals.
What is opportunity cost ?In microeconomic the opportunity cost of a particular activity can be described as the value or benefit given up with respect to the activity, relative to engaging in an alternative activity.
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In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to….
In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to growing cars in Iowa.
What is importing?Importing is the process of bringing products or services made elsewhere into a country for sale. Importing is done by US companies that buy products overseas and ship them to the US for sale or as part of a product that is assembled in the US.
It should be noted that the Iowa car crop is the statement claiming that wheat grown in Iowa is used to make cars imported from Japan. This means that if tariffs are imposed on Japanese cars, they will also be imposed on Iowa wheat.
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what type of birth control is cheap, readily available, and offers significant protection against stis?
Condoms are the only birth control method that protects against sexually transmitted infections (STIs) and cheap, readily available, and offers significant.
Why do people use condoms?The best defense against sexually transmitted infections (STIs) and unintended pregnancy is the use of condoms. The barrier method of contraception known as the condom is constructed of latex rubber, polyisoprene, a very thin plastic known as polyurethane, or nitrile.Some female condom products are constructed of heat-transmitting materials, which can feel more natural than latex condoms. The female condom can boost sexual pleasure. Female condoms, in contrast to male condoms, do not need to be taken off right away after sex, allowing couples to stay in the moment.When two condoms are used together, the friction between them might damage the condoms' material and increase the likelihood that they will break.Learn more about condoms refer to :
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suppose that the money supply is equal to $40 billion and that the velocity of money is 4. if the aggregate price level is 8, then the nominal gdp is:
If the aggregate price level is 8, then the nominal GDP is $100 billion.
In macro-economics, the money supply refers to the entire volume of currency command by the general public at a selected purpose in time. There square measure many ways that to outline "money", however normal measures typically embody currency in circulation and demand deposits. the cash offer is that the total quantity of money—cash, coins, and balances in bank accounts—in circulation.
The velocity of money is that the frequency at that one unit of currency is employed to buy domestically- made merchandise and services inside a given period. In alternative words, it's the amount of your times one greenback is spent to shop for merchandise and services per unit of time.
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tb mc qu. 8-63 (static) achieving the sales volume in the master... achieving the sales volume in the master budget is known as:
A master finances is a financial report that includes how a great deal an company plans to make and how tons it plans to spend over a fiscal year. This document generally reports financial facts in quarters or months.
Why it is called grasp budget?A grasp finances combines all of the smaller budgets within your commercial enterprise and turns them into one typical budget, so you can get a comprehensive overview of your firm's finances. The master finances includes the HR, marketing, and all different departmental budgets to produce an usual single budget.
For instance, a agency may also include its sales budget, the fee of items sold, promoting and administrative expenses, cash budget, capital expenditures, inventory, complete assets, and bills payable to construct a grasp budget that gives a complete photograph of its financials
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https://brainly.com/question/4425979#SPJ4studies have shown that the price elasticity of demand for necessities suchas food are higher in developing countries and lower in developed countries what is the reason for this difference in elasticity??
One of the determinants of elasticity is the share of earnings spent on an awesome or service. The better the percentage of earnings spent on an awesome, the bigger the charge elasticity of call for for that good.
The required details for elasticity in given paragraph
People in developing nations have low earning and consequently spend a huge a part of it on meals. the charge elasticity of call for for meals consequently could be large in developing nations compared to evolved nations. Elasticity is an critical idea in neoclassical financial concept, and permits within side the knowledge of diverse financial concepts, inclusive of the occurrence of oblique taxation, marginal concepts regarding the concept of the firm, distribution of wealth, and different forms of goods regarding the concept of client desire. An knowledge of elasticity is likewise critical whilst discussing welfare distribution, in particular client surplus, manufacturer surplus, or authorities surplus. Elasticity is gift all through many financial theories, with the idea of elasticity performing in numerous important indicators.
These encompass charge elasticity of call for, charge elasticity of supply, earnings elasticity of call for, elasticity of substitution between elements of production, cross-charge elasticity of call for, and elasticity of intertemporal substitution. In differential calculus, elasticity is a device for measuring the responsiveness of 1 variable to modifications in any other causative variable.
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kevin has a large house, a big car, and multiple television sets. these are consumption markers for development according to which theory?
kevin has a massive house, a large car, and more than one tv sets. these are consumption markers for development in accordance to social stratification theory.
The theory posits that social stratification represents the inherently unequal cost of distinctive work. Certain duties in society are more precious than others (for example, doctors or lawyers). Qualified human beings who fill these positions are rewarded extra than others.
What is the reason of social stratification?Social stratification seeks to define individuals' “place” in society. In doing so, it observes inequalities that are often primarily based on arbitrary, biased, and immutable criteria.
Stratification is frequent in clinical trials due to the fact it can minimize the variance of the estimated treatment effect. The ordinary demonstration of variance reduction depends on the assumption of stratum sizes being fixed quantities.
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https://brainly.com/question/10740250#SPJ4during winter in new york, the lower the temperature is the higher the demand for energy. this is an example of
Differentiation strategy is not a trait of perfect competition, as the following answer and explanation demonstrate.
Why does demand matter?The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between both supply and demand eventually balances out in accordance with the tenets of a market economy.
Which two sorts of demand are there?Independent and dependent demand are the two types. Demand for finished goods that is independent of the demand for these other products is known as independent demand. Any object that is sold to a customer directly is a finished product.
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is one of the informal means that firms often use to help the trailing spouse find a position at the same location. a. global management b. predeparture training c. organizational shuffling d. intercompany networking
Culture awareness training is the most common form of pre-departure training.
What is pre-departure training?Pre-departure training programme should be tailored to the location the expat candidate is moving to. At a minimum cross cultural training should aim to: Identify the cultural similarities and differences in a destination. Demonstrate ways of identifying and adjusting plans to align with the new culture.To measure the effectiveness of the training is to monitor the performance of the expatriate and any success or challenges they had along the way. Reviewing the pre-departure training components against the expatriates success and difficulties in these areas will reflect the effectiveness of the training.If an expatriate is unfamiliar with the customs, cultures and work habits of the local people then he may find it difficult in adjusting in the host country, and hence pre- departure training is essential for the effectiveness and success of their overseas assignment.A pre-departure event is organized before the students fly to their respective countries. They also get introduced to the new students who are going to the same country.
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6) you discover an antique in your attic that you purchased at an estate sale 10 years ago for $400. you auction it on ebay and receive $8,000 for your item. what annual rate of return did you earn?
I had a 34.9% yearly rate of return.
The annual rate is what?The word interest rate rate (APR) may have come up while you were hunting for a payment gateway, mortgage, car loan, or personal loan. An annual percentage rate, or APR, is a figure that expresses the entire higher interest rate each year as a fraction of the loan's principle.
Briefing:
A = P(1 + r)^n
A is the amount the antique was auctioned = $8000
P is the amount the antique was bought = $400
r is the annual rate of return
n is the duration of the investment = 10 years
$8000 = $400(1 + r) ^10
(1 + r)^10 = $8000/$400
(1 + r)^10 = 20
1 + r = 20^0.1
1 + r = 1.349
r = 1.349 - 1
r = 0.349 × 100 = 34.9%
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identify an accurate description of how the u.s. grand strategy changed when president george w. bush came to office in 2001.
A. Goerge W Bush came to office intending to steer America toward isolationism, but the attacks of 9/11 force him to pursue a good strategy of multilateralism
B. Goerge W Bush came to office intending to steer America toward unisolationism, but the attacks of 9/11 force him to adopt a grand strategy international liberalism
C. Goerge W Bush came to office primary under promise of domestic policy change to education, but the attacks of 9/11 pursue a grand strategy of isolationist protectionism
D. Goerge W Bush came to office primary under promise of domestic policy change to education, but the attacks of 9/11 forced adopt a pree,ption doctrine based on unlateralism
The major tournament by some distance shaping the overseas policy of the United States all through the presidency of George W.
Bush (2001–2009) used to be the 11th of September terrorist attacks in opposition to the United States on September 11, 2001, and the subsequent warfare on terror. There was once massive home and global support for destroying the attackers.
What is the Bush strategy?The Bush Doctrine holds that enemies of the US use terrorism as a hostilities of ideology towards the nation. The duty of the US is to defend itself by advertising democracy the place the terrorists are placed so as to undermine the groundwork for terrorist activities.
Bush's 2001 and 2003 tax cuts constituted one of the most important domestic actions of his presidency. They decreased federal income by using an estimated $4 trillion over a period of ten years, worsened wealth inequality in the United States, and elevated the federal deficit.
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https://brainly.com/question/29617822#SPJ4Contact a few information systems professionals and ask them what types of operating systems they use in their organizations. (Alternatively, you may browse through articles in business periodicals for the same information.) Fill in the table with information about the operating systems used in four different organizations. Also, give reasons for each company’s choice of operating systems.
An operating system (OS) is indeed the mechanism that manages all those other application components in a computer after being installed into the system first by a boot program.
What is an Operating System?An operating system consists of system software that regulates the hardware, software, and resources of a computer.
A group of software applications that coordinate the activities of computer systems is referred to as an "operating system." It serves as a link at the point where humans and machines interact.
Essential features for controlling devices linked to a computer are provided by operating systems. These processes include managing storage devices, processing inlet, and outlet requests, and allocating memory. A keyboard, mouse, printer, or whatever other connected device could be this one.
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1.5 pts when you retire, you want to have $875,000 saved. if you plan to retire in 35 years, and you can receive 7% interest annually on a savings account, what is the fixed amount you have to save each year?
A deposit account with a bank or other financial institution that pays interest
A savings account is a bank account meant to retain funds that you do not intend to spend right away.
Let the value of N = 35 % =7 PV = 0 PMT=? FV=875,000 Therefore, the fixed amount you have to save each year exists $6,330
Benefits of a Savings Account:You may rest easy knowing that your money is protected.
You may earn interest on your savings.
Pay your bills automatically and on schedule.
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When a budget is prepared for several periods in the future and then revised several times prior to the budget period, it is called a __________ budget.
When a finances is ready for numerous durations within side the destiny after which revised numerous instances previous to the finances length, it's far referred to as a rolling finances.
The required details for rolling budget in given paragraph
A rolling finances is always up to date to feature a brand new finances length because the maximum latest finances length is completed. Thus, the rolling finances entails the incremental extension of the prevailing finances version. By doing so, a commercial enterprise usually has a finances that extends 12 months into the destiny. A rolling finances requires substantially greater control interest than is the case while a corporation produces a one-12 months static finances, on the grounds that a few finances updating sports ought to now be repeated each month. In addition, if a corporation makes use of participative budgeting to create its budgets on a rolling basis, the whole worker time used over the direction of a 12 months is substantial.
Advantages and Disadvantages of the Rolling Budget
This technique has the gain of getting a person continuously attend to the finances version and revise finances assumptions for the final incremental length of the finances. The disadvantage of this technique is that it can now no longer yield a finances this is greater possible than the conventional static finances, for the reason that finances durations previous to the incremental month simply delivered aren't revised.
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if bank a has $3.8 million in total deposits, $860,000 in total reserves, and faces a 12.5 percent reserve requirement, the amount of money that bank
faces a 12.5 percent reserve requirement, The amount of money that bank is $475000.
How do you calculate reserve requirements?Simply dividing the amount of money a bank must keep in reserve by the amount of money it has on deposit yields the required reserve ratio.The reserve ratio is multiplied by the total amount of deposits held by a bank to determine its reserves.Reserves Required = Liabilities x RR.Total Reserves - Required Reserves equals Excess Reserves.Initial Excess Reserves x Money Multiplier = Change in Money Supply.Money Multiplier = 1 divided by RR.Simply dividing the amount of money a bank must keep in reserve by the amount of money it has on deposit yields the required reserve ratio.reserve = $860,000
Deposit = $3.8 million
reserve ratio.= 860000/3800000 =0.226 =22.6 %
12.5 percent reserve requirement,
Then,
12.5% * 3.8 million = 475000
The amount of money that bank is $475000.
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cane company manufactures two products called alpha and beta that sell for $120 and $80, respectively. each product uses only one type of raw material that costs $6 per pound. 12. what contribution margin per pound of raw material is earned by each of the two products?
Contribution margin per pound of alpha and beta are 10.2 and 20.00.
What is contribution margin?
Contribution margin is the amount of revenue a business has left to cover its fixed costs after the direct costs of production have been subtracted. It is calculated by subtracting the total variable costs from the total sales revenue. This calculation is important for companies to understand their overall profitability, as it provides insight into how much cash is available to cover fixed costs, such as rent, utilities, and salaries.
Alpha Beta
Selling price per unit 120 80
Variable cost per unit 69 40
contribution margin per unit(a) 51 40
pounds of RM per unit(b) 5 2
Contribution margin per pound 10.2 20.00
Therefore, 10.2 and 20.00 is the contribution margin per pound of alpha and beta.
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During the last tax year you lent money at a nominal rate of 6 percent. Actual inflation was 1. 5 percent, but people had been expecting 1 percent. This difference between actual and expected inflation a. Transferred wealth from you to the borrower and caused your after-tax real interest rate to be 0. 5 percentage points lower than what you had expected. B. Transferred wealth from the borrower to you and caused your after-tax real interest rate to be 0. 5 percentage points higher than what you had expected. C. Transferred wealth from you to the borrower and caused your after-tax real interest rate to be more than 0. 5 percentage points lower than what you had expected. D. Transferred wealth from the borrower to you and caused your after-tax real interest rate to be more than 0. 5 percentage points higher than what you had expected
If during the last tax year you lent money at a nominal rate of 6 percent. Actual inflation was 1. 5 percent, but people had been expecting 1 percent. This difference between actual and expected inflation is: A. transferred wealth from you to the borrower and caused your real interest rate to be 0.5 percentage points lower than what you had expected.
How to find the real interest rateUsing this formula to determine the real interest rate
Real interest rate = Actual inflation - Expected inflation
Where:
Actual inflation = 1.5%
Expected inflation = 1%
Let plug in the formula
Real interest rate = 1.5% - 1%
Real interest rate = 0.5%
Therefore the correct option is A.
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what is your opinion on the subject? is the limited liability company a mere partnership with the benefit of limited liability and therefore partnership laws should uniformly apply to them? or, perhaps the llc is closer to a corporation but with the flexibility of limited corporate governance responsibilities? or perhaps you are part of an alternative third way - the legal equivalent of the amc pacer?
In a limited liability company, elements of both a corporation and a partnership are included. It combines the adaptability of a partnership with the liabilities of a corporation. It is controlled by a unique statute.
How important is limited liability to business owners? Why does that matter?This is among the most important benefits of conducting business as a limited liability corporation. Limited liability means that the LLC's liabilities cannot be satisfied out of the assets of the members. How much a member can lose depends on how much they have invested in the company.
Why is a limited liability company preferable to a corporation?The main advantage of an LLC is evident by the name: limited liability protection. Owners who operate businesses through LLCs may be able to protect their personal assets from financial commitments and lawsuits filed against the business. An LLC may have a single owner (sometimes known as a "member") or a number of owners.
Are LLC members held personally accountable for the company's debts?"Members" are the people who own an LLC. A Manager or its Members may be in charge of managing an LLC. The phrase "limited liability" is a crucial component of an LLC. In essence, an LLC's members are not held responsible for the debts, commitments, and deeds of the business.
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