minor electric has received a special one-time order for 1,200 light fixtures (units) at $6 per unit. minor currently produces and sells 6,000 units at $7.00 each. this level represents 75% of its capacity. production costs for these units are $6.00 per unit, which includes $4.00 variable cost and $2.00 fixed cost. to produce the special order, a new machine needs to be purchased at a cost of $500 with a zero salvage value. management expects no other changes in costs as a result of the additional production. if minor wishes to earn $700 on the special order, the size of the order would need to be:

Answers

Answer 1

The additional contribution margin required to earn a profit of $700 is $700 divided by $1.00, which equals 700 units.

Contribution margin is a financial metric used in business to analyze the profitability of individual products or services. It represents the amount of revenue generated by a product or service that is available to cover fixed costs and contribute towards the company's profit. It is calculated by subtracting the variable costs associated with producing the product or delivering the service from the revenue generated.

The contribution margin provides valuable insights into the cost structure of a company and helps in making informed decisions about pricing, product mix, and cost control. A higher contribution margin indicates that a product or service is more profitable and can contribute more towards covering fixed costs and generating profit.

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Related Questions

For an investor who starts with dollars and wants to end up with dollars in the future, which of the following choices is an example of a covered international investment?
A. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy the foreign currency
B. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy dollars
C. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and then buy dollars at the future spot rate
D. buy a dollar denominated financial asset

Answers

The answer is B. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy dollars.

In a covered international investment, the investor aims to protect themselves from foreign exchange risk. Here's the step-by-step explanation:

1. The investor sells dollars at the spot rate, converting their dollars into a foreign currency.
2. They invest the proceeds in foreign currency denominated financial instruments, such as bonds or stocks.
3. To hedge the foreign exchange risk, they sign a forward exchange contract to buy dollars at a specified rate in the future.

By signing a forward exchange contract to buy dollars, the investor is effectively locking in the future exchange rate. This eliminates the uncertainty of exchange rate fluctuations and ensures that they will end up with a known amount of dollars when the investment matures, making it a covered international investment.

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Which is a characteristic of integrated paid time off policies?

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Integrated paid time off policies are a form of an employee benefits program that allows employees to take time off from work while continuing to receive their regular pay.

One of the primary characteristics of integrated paid time off policies is that they combine various forms of time off, such as sick leave, vacation time, and personal days, into a single pool of time that employees can draw from as needed.

This can be beneficial for both employees and employers, as it simplifies the time off request and tracking process while providing employees with greater flexibility and control over their time off.

Additionally, integrated paid time off policies are typically designed to be more equitable and inclusive, as all employees are treated equally regardless of their reasons for taking time off.

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___________ organizations are most directly in competition with each other.

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Rival organizations are most directly in competition with each other.

There are different types of organizations that can compete with each other depending on the industry, market, and product or service offering. However, in general, organizations that operate in the same industry, produce similar products or services, and target the same customer base are most directly in competition with each other.

For example, in the fast food industry, McDonald's and Burger King are direct competitors since they both offer similar types of fast food products and target similar customer segments. In the automotive industry, Toyota and Honda are direct competitors since they both produce and sell cars of similar quality and features.

Similarly, in the technology industry, Apple and Samsung are direct competitors since they both offer smartphones, tablets, and other electronic devices with similar features and functionality. In the retail industry, Amazon and Walmart are direct competitors since they both offer a wide range of products at competitive prices and aim to attract the same customer base.

In summary, organizations that offer similar products or services, target the same customer segments, and operate in the same industry are most directly in competition with each other. Understanding the competitive landscape and identifying direct competitors is essential for organizations to develop effective strategies and stay ahead in the market.

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-having a flat tire changed
-the cost for a locksmith to retrieve your keys when locked in your car
-towing your car that breaks down while you are traveling
-emergency road service provider who comes to start your car when you have a dead battery

Answers

An emergency road service provider can come to your aid when you have a dead battery. This service can save you time and  money.

Having a flat tire changed is a common issue that many drivers face while on the road. If you don't have a spare tire or the tools to change it yourself, you may need to call a roadside assistance provider for help. The money cost for this service varies depending on the provider and the location. It's a good idea to research different providers and their rates before choosing one.

Getting locked out of your car can also be a frustrating and expensive experience. If you don't have a spare key or someone to bring it to you, you may need to call a locksmith to retrieve your keys. This service can also vary in cost depending on the provider and the location.

If your car breaks down while you are traveling, you may need to have it towed to a mechanic. The cost for this service can be expensive, especially if you are far from home. It's important to have a plan in place, such as roadside assistance, to help cover the cost of towing.

Lastly, an emergency road service provider can come to your aid when you have a dead battery. This service can save you time and money  on having to purchase a new battery or hire a mechanic. It's important to research and choose a reputable provider that offers this service.

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reuben borrwed 8000 at a rate of 15% compounded monthly. assuming he makes no payments how much will he owe after 9 years

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In the given statement, after 9 years with no payments, Reuben would owe a total of $23,905.63.

To answer your question, we need to use the compound interest formula:
A = P (1 + r/n)^(nt)
where A is the total amount owed after the given time, P is the initial amount borrowed, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time period in years.
In this case, Reuben borrowed $8,000 at a rate of 15% compounded monthly, which means n = 12 and r = 0.15/12 = 0.0125. We need to find the amount owed after 9 years, so t = 9.
Plugging in these values, we get:
A = 8000 (1 + 0.0125/12)^(12*9) = $23,905.63
It's important to note that this is the total amount owed, including both the principal and the interest accumulated over the 9-year period. If Reuben were to make regular payments during this time, the amount owed would be less.

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an employee can abstain from assisting in an abortion procedure as a matter of

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An employee can abstain from assisting in an abortion procedure as a matter of conscience or religious belief. This is commonly referred to as conscientious objection or refusal. In the United States, there are federal and state laws that protect the rights of healthcare workers who object to participating in certain medical procedures on religious or moral grounds.


Under these laws, employees must provide notice of their objection to their employer in advance of any procedure they object to. Employers are then required to make reasonable accommodations to ensure that the employee's objection does not result in harm to the patient or compromise the quality of care provided.
However, it's important to note that conscientious objection does not excuse an employee from providing care in an emergency situation. In such cases, the employee must provide the necessary care to ensure the safety and well-being of the patient.
In addition, it's important for employers to create a workplace culture that supports diversity of beliefs and values while also ensuring that patient care is not compromised. This includes providing training and education on ethical and legal obligations, as well as fostering an environment of respect and understanding for all employees and patients.

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loran's pretax accounting income in year 1 is $100,000. loran had bad debt expense for financial reporting purposes of $14,000 in year 1. in year 1, loran deducted $4,000 in bad debts. loran expects the timing difference to reverse $3,000 in year 2 and $7,000 in year 3. the income tax rate is 40%. which of the following entries would be included for the deferred tax entry required at the end of year 2?

Answers

We must take into account the timing difference associated with bad debt charges when determining the deferred tax entry that must be made at the end of year 2.

For financial reporting purposes, Loran had a bad debt charge of $14,000 in year 1, however for tax purposes, they only deducted $4,000 as bad debts. Due to this, there was a $10,000 timing difference ($14,000 - $4,000).

Loran anticipates a $3,000 reversal of the timing discrepancy in year two. As a result, the expense recognised for financial reporting purposes will be $3,000 less than the amount deductible for tax reasons.

The rate of income tax is stated as 40%.

As a result, the deferred tax entry at the end of year 2 would be:

Deferred Tax Asset (Year 1 Timing Difference * Tax Rate) = $10,000 * 0.40 = $4,000

The deferred tax asset represents the tax benefit that Loran will receive in the future when the timing difference reverses.

Hence, the deferred tax entry required at the end of year 2 would include a Deferred Tax Asset of $4,000.

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if a company's total assets increased while liabilities and common stock were unchanged, then which of the following statements is true?
a.retained earnings were less than net income during the period. b.no dividends were paid during the period c.the company must have purchased assets with cash. d.revenues were greater than expenses

Answers

If a company's total assets increased while liabilities and common stock remained unchanged, then the statement "revenues were greater than expenses" is true.

When a company's total assets increase while liabilities and common stock remain unchanged, it means that the increase in assets must be funded by an increase in retained earnings.

Retained earnings represent the accumulated profits of the company that have not been distributed as dividends. If the company's total assets are increasing, it implies that the company has generated more revenue than expenses during the period.

This indicates that revenues were greater than expenses, leading to an increase in retained earnings, which in turn increases the company's total assets. Therefore, option D, "revenues were greater than expenses," is the correct statement in this scenario.

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if you have an interest rate subsidy from a home builder or real estate developer, you have a

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If you have an interest rate subsidy from a home builder or real estate developer, you have a financial benefit that can help lower your mortgage payments and make owning a home more affordable.

This subsidy can come in the form of a reduced interest rate on your mortgage loan, which can save you thousands of dollars over the life of your loan. It is important to carefully review the terms of the subsidy to ensure that it is a good fit for your financial situation and goals. This benefit can make your mortgage payments more affordable and make it easier to invest in real estate.

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concerned by resend negative trends in economic indicators such as the consumer price index , gross domestic product, and inflation, the marketimg manager of.kevin,s kayaks recommends that the company reduce its advertising spending. His recomendation is.based on ------ data.
- mucroeconomic, -macroeconomic, -qualitative,-observational, or subjetive.

Answers

Answer:

Explanation:

Based on the information provided, the marketing manager of Kevin's Kayaks is concerned about negative trends in economic indicators such as the consumer price index, gross domestic product, and inflation. The marketing manager's recommendation to reduce advertising spending is likely based on macroeconomic data.

Macroeconomic data refers to information and trends that pertain to the overall economy of a country or region. It includes factors such as GDP, inflation, and consumer price index, which are widely used to assess the state of the economy. These indicators provide insights into the overall health and performance of the economy, and businesses often consider them when making strategic decisions.

Therefore, since the marketing manager is basing their recommendation on economic indicators, which are macroeconomic in nature, it can be inferred that the recommendation is based on macroeconomic data.

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in addition to having personal financial stakes in their portfolio of investments,professional venture capitalists raise funds from other investors to invest in theportfolio. true or false

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Professional venture capitalists raise funds from other investors in addition to having personal financial stakes in their investment portfolio is True.

Professional venture capitalists are individuals or firms that specialize in investing in early-stage and high-growth companies with the goal of earning substantial returns on their investments. While they may have personal financial stakes in their investment portfolio, venture capitalists also raise funds from other investors to increase the capital available for investment. Venture capital firms typically manage funds that are raised from a variety of sources, such as institutional investors, pension funds, wealthy individuals, and even corporations.

These funds are pooled together to form a larger investment capital base, which enables venture capitalists to make larger and more diverse investments in startups and high-potential companies. By raising funds from other investors, venture capitalists can leverage their expertise and resources to identify and support promising business opportunities. They provide not only capital but also strategic guidance and mentorship to the companies they invest in, aiming to help them grow and succeed.

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the special transaction in a block where the miner pays themselves the block reward is called the _____

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The special transaction in a block where the miner pays themselves the block reward is called the "coinbase transaction" or "generation transaction."

The coinbase transaction is the first transaction in a block and serves as the mechanism through which new coins are created and awarded to the miner who successfully adds the block to the blockchain.

It includes the block reward, which typically consists of newly minted coins and any transaction fees collected from the transactions included in the block.

The miner inserts this transaction into the block's merkle tree and signs it with their private key to claim the reward for their mining efforts.

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what beverage was originally advertised with the slogan, "all the sugar and twice the caffeine"?

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The beverage originally advertised with the slogan, "all the sugar and twice the caffeine," is Jolt Cola.

Jolt Cola was a soft drink introduced in the 1980s that gained popularity for its high caffeine content, claiming to have double the amount of caffeine compared to other leading colas. The slogan emphasized its high-energy properties, appealing to individuals seeking an extra caffeine boost.

Jolt Cola targeted a niche market of consumers looking for a strong caffeine kick, positioning itself as an alternative to traditional colas. While its popularity waned over the years, Jolt Cola remains recognized for its distinct marketing slogan.

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What is the t val ue of a payment of $5,000 at the end of one year and a second ment of $7,000 at the end of two years if the interest rate is 5 percent? O A. $11,111.11 O B. $12,250.32 OC. $11,201.84 O D. $10,985.14

Answers

The t-value of the payments is approximately $11,275.06, which is closest to option D. $10,985.14. To calculate the present value of future cash flows, we can use the formula:

Present Value = Cash Flow / (1 + Interest Rate)^n

Given:

Payment 1 = $5,000

Payment 2 = $7,000

Interest Rate = 5% (convert to decimal)

n (number of years) = 1 for Payment 1 and 2 for Payment 2

(a) Calculating the present value of Payment 1:

Present Value 1 = 5,000 / (1 + 0.05)^1

Present Value 1 ≈ $4,761.90

(b) Calculating the present value of Payment 2:

Present Value 2 = 7,000 / (1 + 0.05)^2

Present Value 2 ≈ $6,513.16

The t-value (total present value) is the sum of the present values of the two payments:

t-value = Present Value 1 + Present Value 2

t-value ≈ $4,761.90 + $6,513.16

t-value ≈ $11,275.06

Therefore, the t-value of the payments is approximately $11,275.06, which is closest to option D. $10,985.14.

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c. example: based on the capm, abc company has a cost of capital of 17% [4 1.3(10)]. a breakdown of the company's investment projects is listed below. when evaluating a new dog food production investment, which cost of capital should be used?

Answers

Based on the information provided, ABC Company has a cost of capital of 17% [4 + 1.3(10)]. When evaluating a new dog food production investment, the appropriate cost of capital to use would be the company's overall cost of capital, which is 17%.

The cost of capital represents the rate of return required by investors to compensate them for the risk associated with the investment. Since the cost of capital reflects the company's overall risk and the return expected by its investors, it serves as a suitable benchmark to assess the viability of the new investment project. Therefore, the 17% cost of capital should be used to evaluate the potential return and feasibility of the dog food production investment for ABC Company.

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the equilibrium interest rate is :multiple choicea. 2 percent.b. 4 percent.c. 6 percent.d. 8 percent.

Answers

The correct option is A, The equilibrium interest rate cannot be determined based on the information provided. The equilibrium interest rate is determined by the interaction of supply and demand in the financial market.

Equilibrium refers to a state of balance or stability in a system. It is a concept used in various fields, including physics, chemistry, and economics. In physics, equilibrium is achieved when the forces acting on an object are balanced, resulting in no net change in its motion. In chemistry, it refers to a state where the concentrations of reactants and products remain constant over time in a reversible reaction. Equilibrium in economics pertains to a state where the supply and demand for goods or services are in balance, leading to stable prices and quantities.

The concept of equilibrium is based on the idea that systems tend to adjust themselves to a state of stability. When an equilibrium is disturbed, the system will undergo changes to restore balance. For example, if the concentration of a reactant increases, the reaction will proceed in the forward direction to restore equilibrium. Equilibrium is a fundamental concept in understanding the behavior of various systems and is essential for predicting and analyzing their properties and behaviors.

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the demand curve faced by a monopolist is multiple choice question. below the market demand curve and twice as steep. more elastic than the market demand curve.

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The demand curve faced by a monopolist is more elastic than the market demand curve.

A monopolist faces a downward-sloping demand curve, but it is different from the market demand curve. In this case, the demand curve faced by the monopolist is located below the market demand curve and is twice as steep. This means that the monopolist's demand curve is more elastic than the market demand curve. Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

A steeper demand curve indicates a less elastic demand, while a flatter demand curve suggests a more elastic demand. Since the monopolist's demand curve is twice as steep, it implies that the monopolist's customers are more responsive to price changes compared to the overall market demand. This can be attributed to the monopolist's market power, which allows customers to have more alternatives and options to switch to if prices are raised.

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TeCommon methods to divide partnership income or losses include all of the following except
a. working capital.
b. equally.
c. partner salary allowances.
d. interest on capital investments.
rm\

Answers

The common methods to divide partnership income or losses include working capital, equally, partner salary allowances, and interest on capital investments. None of the options provided in the question (a, b, c, and d) are excluded from the list.

The question states "include all of the following except," implying that one of the options mentioned (a, b, c, or d) is not part of the common methods to divide partnership income or losses. However, upon examination of the options, all of them are valid methods used in partnership profit sharing.

Working capital refers to the division of profits or losses based on each partner's capital contributions or ownership shares. Equal sharing involves distributing profits or losses equally among partners. Partner salary allowances allow partners to receive a predetermined salary or draw from the partnership's profits. Lastly, interest on capital investments refers to compensating partners for the use of their capital contributions through interest payments.

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Suppose that Gamma is an advanced industrial country and Omega is a developing nation. Omega will gain the most from having some of its people emigrate to Gamma if
A. the most skilled workers emigrate.
B. the costs to emigrate to Gamma are high.
C. Omega currently suffers from high unemployment and the unemployed emigrate.
D. Omega is currently experiencing full employment.

Answers

Omega will gain the most from having some of its people emigrate to Gamma if option A, the most skilled workers emigrate, is fulfilled. Skilled workers typically possess specialized knowledge and expertise that can contribute to the economic development and growth of both the sending and receiving countries.

When skilled workers emigrate, they can bring their valuable skills, innovation, and entrepreneurial spirit to the destination country, which can lead to increased productivity, technological advancements, and economic prosperity.

This brain gain can have a positive impact on both the individual migrants and their home country, as they can acquire new knowledge and experiences abroad and potentially contribute to their country's development in the future.

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Proven approaches to winning a sustainable competitive advantage include which of the following?
A. Strategies keyed to developing a low-cost-based advantage.
B. Strategies keyed to creating a broad differentiation-based advantage.
C. Focusing on a narrow market niche within an industry.
D. Developing a best-cost provider strategy.
E. All of these.

Answers

e.all of these.proven approaches to winning a sustainable competitive advantage include all of the following strategies:

a. strategies keyed to developing a low-cost-based advantage: this approach focuses on achieving a cost advantage over competitors by minimizing costs throughout the value chain. it involves efficient operations, economies of scale, cost leadership, and cost control measures.

b. strategies keyed to creating a broad differentiation-based advantage: this approach aims to differentiate a company's products or services from competitors in ways that are valued by customers. it involves unique features, superior quality, exceptional customer service, innovation, and branding to create a competitive edge.

c. focusing on a narrow market niche within an industry: this approach involves targeting a specific segment or niche within a larger market. by focusing on the needs and preferences of a particular customer group, companies can tailor their offerings and develop a competitive advantage in that niche.

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Other things the same, the real exchange rate between U.S. and Belgian goods would be higher ifa. prices in the U.S. were higher, or the number of euro the dollar purchased were higher.b. prices in the U.S. were higher, or the number of euro the dollar purchased were lower.c. prices in the U.S. were lower, or the number of euro the dollar purchased were higher.d. prices in the U.S. were lower, or the number of euro the dollar purchased were lower.

Answers

The real exchange rate between U.S. and Belgian goods would be higher if (b)  prices in the U.S. were higher, or the number of euro the dollar purchased were lower.

The real exchange rate between U.S. and Belgian goods would be higher if: b. prices in the U.S. were higher, or the number of euro the dollar purchased were lower. This is because a higher U.S. price level or a lower nominal exchange rate (dollars purchasing fewer euros) would result in a higher real exchange rate, making U.S. goods relatively more expensive compared to Belgian goods.

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Which of the following is the first distinct stage in an agency-client relationship? A. Introduction B. Development C. Referral D. Growth E. Prerelationship.

Answers

This stage involves the initial contact between the agency and the client, where both parties express interest in working together and discuss their goals and expectations. The correct answer is option (A).

The first distinct stage in an agency-client relationship is the prerelationship stage. This is the initial phase where the agency and the client become aware of each other's existence and start exploring the possibility of working together. During this stage, the agency tries to establish a rapport with the client and understand their needs and goals. This stage sets the foundation for the development of a strong and long-lasting relationship between the agency and the client.

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The process of ethical decision-making or ethical algorithm typically begins with: Select one: a. identifying which stakeholders a decision would affect and in what ways. b. judging the ethics of the proposed strategic decision. c. managers establishing a moral intent. d. auditing a decision to check for its consistency with ethical principles. e. reviewing a decision to check for its consistency with Rawls�s veil of ignoran

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The option A: identifying which stakeholders a decision would affect and in what ways. This is because ethical decision-making involves considering the impact of a decision on all relevant stakeholders and their interests.

Before making a decision, it is important to identify who the decision will affect and how they may be impacted by it. This helps ensure that all perspectives are considered and that the decision is made in an ethical and responsible manner.

In ethical decision-making, it is essential to first identify the stakeholders involved and understand the potential impact of the decision on them. This allows for a comprehensive evaluation of the situation, which then enables managers to establish a moral intent, judge the ethics of the proposed strategic decision, and ultimately review and audit the decision to ensure consistency with ethical principles and theories like Rawls's veil of ignorance.

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equilibrium gdp is the desirable level of output for which:

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Equilibrium GDP is the desirable level of output for which there is no excess supply or demand in the market, and the economy is operating at full employment.

This means that all available resources are being utilized efficiently, and there is no inflationary or recessionary pressure on the economy. At this level of output, the aggregate expenditure is equal to the aggregate income, and the economy is in a stable state. Achieving equilibrium GDP requires careful management of fiscal and monetary policies to ensure that the economy remains in balance.


Therefore,  Equilibrium GDP is the desirable level of output for which aggregate demand equals aggregate supply, resulting in a stable price level and no unintended inventory accumulation or depletion. This balance ensures that the economy is functioning efficiently and sustainably.

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as a project manager, you need to rebuild trust and collaboration between the development team and the business team. what actions can you take to accomplish this? select all that apply. 1 point add changes to backlog only in between sprints address critical feedback with more demos focus on fewer user stories per sprint conduct a solution design sprint

Answers

To rebuild trust and collaboration between the development team and the business team, the project manager can take the following actions: address critical feedback with more demos, focus on fewer user stories per sprint, and conduct a solution design sprint.

Rebuilding trust and collaboration between the development team and the business team is crucial for the success of a project. To achieve this, the project manager can implement several actions. First, addressing critical feedback with more demos can help bridge the gap between the development team and the business team. Demonstrating the progress and functionality of the product during demos allows for early feedback and ensures that the expectations of both teams are aligned.

Second, focusing on fewer user stories per sprint can enhance collaboration and trust. By prioritizing a smaller number of user stories, the development team can allocate more time and effort to each task, resulting in higher quality deliverables. This approach also allows for increased collaboration between the teams as they work closely on a limited set of tasks.

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Leah, Inc., is proposing a rights offering. Presently there are 800,000 shares outstanding at $64 each. There will be 100,000 new shares offered at $49 each.
a. What is the new market value of the company? (Do not round intermediate calculations.)
b. How many rights are associated with one of the new shares? (Do not round intermediate calculations.)
c. What is the ex-rights price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d. What is the value of a right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

The inverse transform of F(s) is given by f(t) = 5/7 * e^(2t) - 3/7 * e^(-3t). To find the inverse transform of the function F(s) = (2s + 1) / ((s-2)(s+3)), we can use the method of partial fractions.

The partial fraction decomposition allows us to express the rational function as a sum of simpler fractions. We then apply the inverse Laplace transform to each fraction to obtain the final solution.

To decompose F(s) into partial fractions, we write it as:

F(s) = A / (s-2) + B / (s+3)

To determine the values of A and B, we can multiply both sides by the denominators and equate the numerators:

(2s + 1) = A(s + 3) + B(s - 2)

Expanding and equating coefficients:

2s + 1 = (A + B)s + (3A - 2B)

From here, we get a system of equations:

2 = A + B

1 = 3A - 2B

Solving this system, we find A = 5/7 and B = -3/7.

Therefore, the partial fraction decomposition of F(s) is:

F(s) = 5/7 * 1 / (s - 2) - 3/7 * 1 / (s + 3)

Now, we can take the inverse Laplace transform of each term using standard transform pairs:

L^-1 {1 / (s - a)} = e^(at)

L^-1 {1 / (s + a)} = e^(-at)

Applying these transforms, the inverse Laplace transform of F(s) becomes:

f(t) = 5/7 * e^(2t) - 3/7 * e^(-3t)

Therefore, the inverse transform of F(s) is given by f(t) = 5/7 * e^(2t) - 3/7 * e^(-3t).

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what is the final step in the seven-step personal selling process?

Answers

The final step in the seven-step personal selling process is the follow-up or after-sales service.

After a sale has been made, the follow-up step involves the salesperson maintaining contact with the customer to ensure their satisfaction with the purchase and address any concerns or issues that may arise. This step is crucial for building long-term relationships with customers and fostering customer loyalty.

During the follow-up, the salesperson may engage in activities such as checking if the product meets the customer's expectations, providing any necessary product support or training, assisting with installation or setup, addressing any post-purchase questions or concerns, and offering additional assistance or upselling opportunities.

The follow-up step serves multiple purposes. Firstly, it demonstrates the salesperson's commitment to customer service and builds trust by showing that they genuinely care about the customer's satisfaction. It also provides an opportunity to gather feedback, which can be valuable for improving products or sales strategies. Additionally, it can lead to repeat sales and referrals as satisfied customers are more likely to become loyal advocates for the brand.

By completing the follow-up step effectively, salespeople can solidify their relationship with customers, increase customer satisfaction, and potentially generate future business opportunities.

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the residual value at the end of the holding period should be based on the market value of the real estate and not the book value. group startstrue or false

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True. The residual value at the end of the holding period is the estimated value of the property after subtracting the estimated costs of selling the property, such as commissions, closing costs, and repairs.

This value is used to determine the potential profit or loss of an investment in real estate. The book value of a property is the estimated value of the property based on its purchase price, depreciation, and other relevant factors. However, the book value may not reflect the actual market value of the property, which is determined by the current market conditions and demand for similar properties.

Therefore, it is important to base the residual value on the market value of the real estate, rather than the book value. This is because the market value is a more accurate indicator of the property's value in the current market, and can help investors to make informed decisions about the potential profitability of their investments.  

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Correct Question:

The residual value at the end of the holding period should be based on the market value of the real estate and not the book value. State: true or false.

an investment adviser is permitted to identify the names of clients in communications to potential new customers:

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False. An investment adviser is generally not permitted to identify the names of clients in communications to potential new customers without obtaining their prior consent.

Privacy and confidentiality are important considerations in the financial industry, and client information is typically kept confidential unless there is explicit consent or legal requirement to disclose it. Investment advisers are required to adhere to regulations and guidelines set by regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States, which impose restrictions on the disclosure of client information.

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as you’ve calculated in the previous stages of this problem, the dollar inflow of the forward hedge to goodwin is $260,000.00 and the dollar inflow of the money market hedge is $242,742.85.

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Based on the calculations performed in the previous stages of this problem, the dollar inflow of the forward hedge to Goodwin is $260,000.00, while the dollar inflow of the money market hedge is $242,742.85.

These values represent the expected dollar amounts that Goodwin will receive as a result of implementing the respective hedging strategies. The forward hedge involves entering into a forward contract to sell a certain amount of foreign currency at a predetermined exchange rate, while the money market hedge involves borrowing in foreign currency and converting it into domestic currency.

These inflow amounts indicate the anticipated financial benefits that Goodwin can expect from utilizing these hedging techniques, helping to manage exchange rate risk and protect their financial position.

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