The commercial farms have not offered assistance to the nearby subsistence farmers.
What is commercial farming?Commercial farming is done to cultivate crops and cattle in order to gain money. Crops can be sold directly to consumers and businesses or processed into products like juices, jellies, pickles, and other foods.
Commercial agricultural practices: the raising of animals and food for market, frequently utilizing current technology.
Thus, The commercial farms have not offered assistance to the nearby subsistence farmers.
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obtaining cash in a hurry sam is parked outside his bank and needs cash today. his standard checking account balance is sufficient to provide the cash, and he plans to deposit the paycheck he’ll receive in a few days to his checking account. sam also has a credit card whose terms allow him to obtain a cash advance. what would be the wisest way for sam to get the cash he needs today? withdraw the cash from his checking account take a cash advance on his credit card whichever way is quicker
The wisest way for Sam to get the cash he needs today is to withdraw the cash from his checking account.
What is checking account?In a financial institution, a checking account is a deposit account that permits both deposits and withdrawals. Checking accounts, also known as demand accounts or transactional accounts, are relatively liquid and can be accessed via cheques, automated teller machines (ATMs), and electronic debits, among other methods. A checking account varies from other bank accounts in that it frequently permits unlimited deposits and a restricted number of withdrawals, in contrast to savings accounts that occasionally restrict both.
Anyone who frequently wants to make withdrawals or other bank account operations should have a checking account. Generally speaking, opening a checking account is very simple. You can apply online or in person at a bank branch and receive a checking account within an hour.
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ogletree enterprises purchased an 18-month insurance policy on may 31 for $3,600. the december 31 balance sheet after adjustments are prepared would report prepaid insurance of
On December 31, the entry for the prepaid insurance in the balance sheet should be adjusted to $2,200
The fee connected with an insurance contract that has been paid in advance of the coverage period is known as prepaid insurance. Thus, prepaid insurance is the money paid for an insurance contract that has not yet been used after the time period specified in the contract has passed.
From the data, the insurance payment should be fully accounted within 18 months.
Monthly premium cost = $3,600 / 18 = $200
The remaining months on December 31 (from May 31) = 18 months - 7 months = 11 months
Hence, the adjustment for the prepaid insurance is: 11 x $200 = $2,200
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bahari owns an international grocery store in new york. he has benefited highly from the trading bloc that allows him to purchase food products from central american nations at a nice discount. with many of his customers from costa rica, the dominican republic, and guatemala, he is particularly grateful for , a trading bloc.
If bahari owns an international grocery store in new york. he has benefited highly from the trading bloc that allows him to purchase food products from central american nations at a nice discount. with many of his customers from costa rica, the dominican republic, and guatemala, he is particularly grateful for CAFTA-DR , a trading bloc.
What is CAFTA-DR?CAFTA-DR which full meaning is Dominican Republic–Central America Free Trade can be defined as a form of trade agreement between two or more nation example is the trade agreement between nation of Dominican Republic and the nation of Central America.
The advantage of free trade agreement between nations is that it help to boost trade among countries.
This scenario is an example of Dominican Republic–Central America Free Trade because bahara has benefited from buying from central american nation.
Therefore we can conclude that bahari engages in free trading.
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on march 12, fret company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,500. fret uses the perpetual inventory system and the gross method of accounting for sales. on march 15, babson returns some of the merchandise. the selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. the entry or entries that fret must make on march 15 is (are): multiple choice account titledebitcredit sales returns and allowances350 accounts receivable 350 account titledebitcredit accounts receivable600 sales returns and allowances 600 account titledebitcredit sales returns and allowances600 accounts receivable 600 merchandise inventory350 cost of goods sold 350 account titledebitcredit accounts receivable600 sales returns and allowances 600 cost of goods sold350 merchandise inventory 350 account titledebitcredit sales returns and allowances600 accounts receivable 600
On March 15, the journal entries that Fret Company must include:
Journal Entries:Debit Sales Returns $600
Credit Accounts Receivable $600
To record the credit sales.Debit Inventory $350
Credit Cost of goods sold $350
To record the sales returns.What are the journal entries?The journal entries are the daily records that are maintained for sales and purchases transactions, including the return of goods and cash payments and receipts.
Journal entries identify the accounts to be debited and the accounts to be credited, enabling postings to the general ledger to be made.
Transaction Analysis:March 12 Accounts Receivable $7,800 Sales Revenue $7,800
March 12 Cost of goods sold $4,500 Inventory $4,500
March 15 Sales Returns $600 Accounts Receivable $600
March 15 Inventory $350 Cost of goods sold $350
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for essentium materials, the company profiled in the opening feature in chapter 8, an essential financial metric is to work to grow its monthly revenues faster than its monthly rate. accounts payable accounts receivable burn return profitability
For Essentium Materials, the company profiled in the opening feature in Chapter 8, an essential financial metric is to work to grow its monthly revenues faster than its monthly burn rate.
What is a burn rate in the market?In the business and the financial world, the use of the terms burn rate has to do with the ways that a company would have to make use of its venture capital in a way that it would finance the overhead in the business.
This would be before the company would be able to start to generate money from the business operations that they have.
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For Essentium Materials, the company profiled in the opening feature in Chapter 8, an essential financial metric is to work to grow its monthly revenues faster than its monthly ________ rate.
A) accounts payable
B) accounts receivable
C) burn
D) return
E) profitability
suppose it costs both mcdonald’s and wendy’s $3 (cogs) per their value meal offerings, each sold at the same price of $4. assume that the cost of inventory for both companies is 30 percent a year. approximately how much does mcdonald’s save in inventory cost per value meal compared to that of wendy’s? you may assume that inventory turns are independent of the price.
$ 0.0222 per unit is the inventory that turns independent of the price.
Inventory
Inventory, often known as stock, refers to the items and supplies that a company keeps for the purpose of resale, manufacturing, or use. Inventory management is largely concerned with establishing the shape and positioning of stocked products.
McDonalds Inventory: $129.40 Revenue: $17,140.50 COGS: $11943,70 Gross Profit: $5,196.80
Wendy's Inventory: $54.40 Revenue: $3148.90 COGS: $1534.60 Gross Profit: $1513.40
Inventory Turnover Ratio = COGS/Inventory
McDonalds = 11943.70 / 129.40 = 92.30
Wendy = 1534.60 / 54.4 = 28.21
Holding Cost for one unit
McDonalds = 0.3 [tex]\times[/tex] $ 3 [tex]\times[/tex] 1/92.3 = $ 0.0097
Wendy = 0.3 [tex]\times[/tex] $ 3 [tex]\times[/tex] 1/28.21 = $ 0.0319
Higher for Wendy = .0319 -.0097 = $ 0.0222 per unit
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on december 1, jasmin ernst organized ernst consulting; on december 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. on december 31, the company’s records show the following items and amounts.
On December 31, the company’s records show the following items and amounts in terms of Cash flow statement (CFS).
During the time period covered by the income statement, a business's cash collections and cash payments are the primary subject of a cash flow statement (CFS), a type of financial statement. A firm must continuously monitor its cash flows in order to remain healthy.Cashflows operating activities
Cash received from customer 0
Cash paid to employees -1750
Cash paid for rent -3350
Cash paid for telephone expense -760
Cash paid for misc. expense -580
Net cash used in Operating activities -6640
Net cash provided from Operating activities
Cashflows from Investing activitiesCash paid for equipment -18000
Net used in investing activities -18000
Cashflows from Financing activitiesCash paid for dividend -2000
Issuance of stock 38000
Net cash provided from financing activities 36000
Net increase in cash 11360
Beginning balance of cash 0
Ending balance of cash 11360
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in a recent year a baseball team paid times as much to their ace pitcher as they paid to their shortstop. if they paid $ million for the two salaries, what did they pay each player?
Using an assumed value, the baseball team in a recent year paid their shorstop $30 million and paid their ace pitcher $60 million, making a total of $90 million for the two salaries.
From our assumed data,
Let a + b = 90 million which is the total paid for the two salaries
Where:
a represent the shortstop
b represent the pitcher
so pitcher (b) gets paid 2 times of what the the shortstop (a) gets paid that means, b = 2a
So a + 2a= 90 million
3a = 90
a = 30
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along with being rare, durable, and not easily substituted, the resource must also be , which means the customer is willing to pay extra because of the uniqueness.
The replacement is rated according to how closely it resembles the entrepreneur's special resource and capability. The alternative serves the same fundamental demand that the original product or service satisfies.
The required details for substitute in given paragraph
A replacement is a product that consumers can quickly swap out for another. In economics, goods are frequently substituted for one another if the demand for one product rises as the price of the other does. In economics and consumer theory, a substitute, or substitutable good, is a thing or service that customers perceive as being substantially the same as or sufficiently similar to another good. A product that serves as a replacement is known as a substitute.
Alternatives are valued by customers and have a significant role in the market.
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Inventory began was $30,000. During the period the company purchased $61,000 of merchandise. At the end of the period, inventory was $22,000. If the gross profit percentage was 40%, what was sales revenue?.
If during the period the company purchased $61,000 of merchandise and at the end of the period, inventory was $22,000. If the gross profit percentage was 40%, The sales revenue is $115,000.
Sales revenueUsing this formula to determine the company sales revenue
Sales revenue = Beginning inventory + Merchandise - Ending inventory / (1- Gross profit percentage)
Where:
Beginning inventory = $30,000
Merchandise = $61,000
Ending inventory = $22,000
Gross profit percentage = 40%
Let plug in the formula
Sales revenue :
Sales revenue= $30,000 + $61,000 - $22,000 /(1- .40)
Sales revenue = $69,000 /0.60
Sales revenue= $115,000
Therefore we can conclude that the company has sales revenue of the amount of $115,000.
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speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. this is called multiple choice vertical fdi. a greenfield investment. licensing. an acquisition.
Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. this is called false Licensing.
An entity that has already been incorporated in another territory, state, or nation is referred to as a foreign entity. In addition to international organizations, foreign governments, and any agency or division of foreign governments, a foreign entity is any corporation, business produce, partnership, trust, society, or other entity or group that is not incorporated or organiszed to conduct business in the United States. A foreign corporation is a company that operates in another country.
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Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.
If alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, what type of repayment plan is best for him?.
If Alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, then Income-Driven Repayment Plan is best for him.
In many countries, the government provides a federal loan to students in need so that they can manage their education. Also, to pay these lean there are different repayment plans that the government launches so that the students can pay off these loans easily.
In the scenario described above, Alejandro plans to pay off the loan with the earnings he gets from a job after graduation. Such a type of repayment plan that is based on income is referred to as an income-driven repayment plan.
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a borrower defaulted on a mortgage loan, leaving an unpaid balance of $95,000. after receiving only $85,000 from the sale of the property, the lender filed for
a borrower defaulted on a mortgage loan, leaving an unpaid balance of $95,000. after receiving only $85,000 from the sale of the property, the lender filed for a release deed.
In commonplace law, a deed is any criminal tool in writing which passes, affirms, or confirms a hobby, right or property and that is signed, attested, added, and in some jurisdictions, sealed. It's far generally related to transferring (conveyancing) a name to the property. The deed has a more presumption of validity and is less rebuttable than a device signed by means of the birthday party to the deed. A deed may be unilateral or bilateral. Deeds include conveyances, commissions, licenses, patents, diplomas, and conditionally powers of a lawyer if achieved as deeds. The deed is the modern-day descendant of the medieval charter, and delivery is a concept to symbolically update the historic ceremony of livery of seisin.
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Buyers enjoy consumer surplus when the market price is ________than the highest price buyers are willing to pay; sellers enjoy producer surplus when the market price is ________ than the lowest price sellers are willing to accept.
Buyers enjoy consumer surplus when the market price is lower than the highest price buyers are willing to pay; sellers enjoy producer surplus when the market price is higher than the lowest price sellers are willing to accept.
What is consumer and producer surplus?Consumer surplus is the difference between the highest price a consumer is willing to buy a good or service and the price of the good.
Consumer surplus increases as the price of the good decreases. When drawn on a graph, consumer surplus is the triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = highest price the consumer is willing to pay – price of the good
Producer surplus is the difference between the price of a good and the lowest price the seller is willing to sell the product. The higher the price of a good, the higher the producer surplus.
Producer surplus = price – least price the seller is willing to accept
Producer surplus and consumer surplus are used to measure the total welfare in the economy.
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all else constant, if the interest rate decreases, what happens to the present value of some amount of money to be received in the future? for example, what will happen to the present value of $15,000 to be received n years from today (where n > 0) if the interest rate decreases from 15% to 10%?
When interest rate will fall down from 15% t0 10% the future value will get reduced.
Given information:
Let's assume no of years to be 4, n=4
Present value (PV) = $15,000
Interest rate (i) = 15% = 0.15
Future value = Present value (1+i) ^n
FV = 15,000(1+0.15) ^4
= $26,235.093
If interest rate come down to 10%, (i)= 0.10
Future value = 15,000(1+0.10) ^4
= $21,961.5
The worth of a liquid asset at a predetermined time relying on a presumed growth rate is known as future value (FV). Investment professionals and financial planners are concerned with future value since it helps them approximate how much a money invested today will be valued in the future.
Knowing in advance what an asset will provide in future date will help the investors to make a perfect investment decision.
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many organizations replace an information system by slowly phasing in components of the new system while slowly phasing out components of the old one. what is this cutover strategy called?
The cutover strategy in which many organizations replace an information system by slowly phasing in components of the new system while slowly phasing out components of the old one is called the d) phase-in approach.
In the phase-in approach, a project is broken down into pieces to complete it as it is a large project to complete on the whole.
The information systems of an organization are large data collections and cannot be replaced in one go for an organization.
In order for replacing the information system of an organization, the phase-in approach is used. In this approach, the new components of the information system are introduced slowly and the older once are removed slowly. There is a slow phase-in and a slow phase-out so that it is easier to replace a system.
Although a part of your question is missing, you might be referring to this question:
Many organizations replace an information system by slowly phasing in components of the new system while slowly phasing out components of the old one. what is this cutover strategy called?
a. direct conversion
b. parallel start-up
c. pilot start-up
d. phase-in approach
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car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured. this best illustrates which core principle?
car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured this best illustrates the core principle Risk requires compensation.
Typically, compensation refers to the economic price given to a person in trade for their offerings. In the place of the job, reimbursement is what's earned through employees. It consists of profits or wages similarly to fees and any incentives or perks that include the given worker's role. Repayment Definition. Compensation is the overall coins and non-coins bills which you give to a worker in alternative to the work they do for your business. It's commonly considered one of the largest expenses for organizations with employees. Compensation is greater than an employee's normal paid wages.
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sydney accepts delivery of $32,500 of merchandise it purchases for resale from troy: invoice dated may 11, terms 3/10, n/90, fob shipping point. the goods cost troy $21,775. record sydney's entry for this transaction.
Trade accounts receivable, notes receivable, and other receivables are the three categories into which receivables are typically broken down.
Do credit card bills ever get forgiven?
When a credit card issuer determines that a debt is uncollectible, it will often write it off. This often occurs after a minimum of six months without any payments. However, the method used by each creditor to decide whether a debt can be collected varies.
What is the accounts receivable entry?
a journal entry for accounts receivable. The sum that the business is owed by the client for the sale of its products or services is known as account receivable. The accounts receivable account is debited and the sales account is then credited to record the credit sales of goods and services.
Sydney - Buyer 11 Merchandise Inventory 40000 Accounts Payable 40000
11 Items in Inventory 345
Cash 345
12 Products in the Inventory 1400
1400 Accounts Payable
20 Payable Accounts 38600
Inventory of Goods 1158
Cash 37442
Troy - Seller 2.
11 Receivables totaling $40,000
Sales 4000
30000 in cost of goods sold
30000 in merchandise inventory
13 Sales Allowances and Returns 1400
1400 accounts receivable
Price of Good Sold 800
Inventory of Goods 800
21 Cash 37442
Discount in sales 1158
Credit Card Debt 38600
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Full Question - On May 11, Sydney Co. accepts delivery of $40,000 of merchandise it purchases for resale from Troy Corporation. With the merchandise is an invoice dated May 11, with terms of 3/10, n/90, FOB shipping point. The goods cost Troy $30,000. When the goods are delivered, Sydney pays $345 to Express Shipping for delivery charges on the merchandise. On May 12, Sydney returns $1400 of goods to Troy, who receives them one day later and restores them to inventory. The returned goods had cost Troy $800. On may 20, Sydney mails a check to Troy Corporation for the amount owed. Troy receives it the following day. (Both Sydney and Troy use a perpetual inventory system.)
1. Prepare journal entries that Sydney Co. records for these transactions.
2. Prepare journal entries that Troy Corporation records for these transactions.
for a monopoly to successfully price discriminate, its customers must: group of answer choices feel that the product is a necessity. have identical demands. be unable to resell the product. actively engage in arbitrage.
If a monopoly is to be able to engage in price discrimination successfully, then its customers must be unable to resell the product.
What is price discrimination?Price discrimination refers to a practice where a company charges different price for the same products to different sets of people. These people are often differentiated based on their demographic characteristics.
If a monopoly must be able to successfully engage in price discrimination, then the customers of the monopoly must be unable to resell the product. If they were able to resell, they would simply buy the goods for a lower price from those who are sold at a lower price, and then sell it at a higher price to those the monopoly charges higher.
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madison outlet has the following inventory transactions for the year: date transaction numbers of units unit cost total cost january 1 beginning inventory 10 $200 $2,000 march 14 purchase 15 300 4,500 $6,500 january 1 to december 31 total sales to customers 12 what amount would madison report for cost of goods sold using fifo?
The cost of goods sold for Madison outlet using the FIFO inventory method is $2,600.
What is the cost of goods sold?
FIFO is an abbreviation for first in, first out. FIFO is an inventory method that postulates that the first inventory to be bought is the first to be sold. This means that when a unit of inventory is sold, it is assumed that it is sold from the inventory purchased at the earliest. The ending inventory is made up of inventory that was purchased latest.
Other inventory methods are last in, first out (LIFO) and the average inventory method.
Using the FIFO inventory method, the 12 sales to customers would be taken from the beginning inventory and the inventory purchased on March 14.
Cost of goods sold = $2000 + (2 x $300)
$2000 + $600 = $2,600
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analyzing and reporting financial statement effects of bond transactions winston inc. reports financial statements each december 31. on may 1, of the current year, it issues $400,000 of 9%, 15-year bonds, with interest payable on october 31 and april 30. assuming the bonds are sold at par on may 1, complete the financial statement effects template to reflect the following events: (a) bond issuance, (b) the first semiannual interest payment, and (c) retirement of $150,000 of the bonds at 102 on november 1 of the current year.
Here the first semiannual interest payment is $18,000, and the 150,000 bond matures at $153,000 on November 1, 2017.
The reports financial statements each December 31. on may 1, of the current year balance Sheet
Transaction cash assets + non cash assets = liabilities + earned capital
(a) $400,000 $400,000 ----------
(b) ($18,000) ------------ ($18,000)
(c) ($153,000) ($150,000) ($3,000)
(b) first semiannual interest payment
= $400,000 × 9% x 6/12 = $18,000
(c) retirement of $150,000 of the bonds at 102 on November 1, 2017.
= $150,000 x 102% = $153,000
Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. Financial data that is relevant is presented in a structured and understandable manner.
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The idea that elected representatives vote
for laws that are acceptable to most of their
constituents
Answer:
whats the question your asking
question 2 during which step of the quality management process does a project manager ask questions such as: ""how will i determine if the quality measures will lead to project success?"" and ""what outcome do my customers want at the end of this project?"" 1 point
A project manager asks these questions at the quality planning stage of the quality management process.
How does the quality management process work?The majority of businesses normally adhere to a set of methods known as a quality management process to guarantee the caliber of the deliverables. Establishing quality goals that have the customers' approval is typically required to start a QMP.
What is the step of quality planning?The process of selecting what is most crucial to the project is called quality planning. This happens when you're preparing a project and deciding what elements are essential for its success. This covers the tools required to complete the project, the procedures to follow, and the requirements that must be satisfied.
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a company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. this is an example of .
Based on the fact that the third party clicks on the competitor's online ads with no intention to interact with the advertiser, this is an example of Click Fraud.
What is Click Fraud?Click Fraud refers to an unethical action that companies get into these days to increase the advertising costs of their competitors thanks to pay-per-click advertising.
With Click Fraud, a company gets a third party to click on the ads of their competitors with no intention of actually purchasing the goods or service of the company. This way, the company gets charged more for people clicking on their ads, even though their ads don't bring them additional sales.
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you are considering two independent projects with the following cash flows. the required return for both projects is 16 percent. given this information, which one of the following statements is correct?
According to the statement about two independent project with cash flow is You should accept both projects based on both the NPV and IRR decision rules.
Option E is correct.
What do you mean by cash flow?Cash flow is defined as the movement of money in and out of a organisation . Cash received identifies inflows, and cash spent identifies outflows. The cash flow statement is a financial statement that reports on a company's sources and usage of cash flow over definite time.
What Are NPV and IRR?Net present value (NPV) is defined as the difference between the present value of cash inflows and the present value of cash outflows over a definite period of time. On contrary , the internal rate of return (IRR) is a calculation used to predict the profitability of potential investments.
The question is incomplete the missing part is given below:
You are considering two independent projects with the following cash flows. The required return for both projects is 16 percent. Given this information, which one of the following statements is correct?
You should accept Project A and reject Project B based on their respective NPVs.You should accept Project B and reject Project A based on their respective NPVs.You should accept Project A and reject Project B based on their respective IRRs.You should accept Project B and reject Project A based on their respective IRRs.You should accept both projects based on both the NPV and IRR decision rules.Learn more about cash flow:
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a european works council is a transnational, company-level committee of employees that gives workers the opportunity to learn about their company's financial health and future plans and to have a voice in providing feedback and ideas about these plans.
It is true that a European Works Council is a transnational, company-level committee of employees that gives workers the opportunity to learn about their company to have a voice in providing feedback.
European Works Councils are organizations that represent a company's European employees. Workers are informed and consulted by management about the progress of the business as well as any significant decisions made at the European level that may affect their employment or working conditions. European Works Councils (EWC) are information and consultation bodies that represent employees in multinational corporations in Europe.
Here is the complete question-
State if this statement is true or false.
A European Works Council is a transnational, company-level committee of employees that gives workers the opportunity to learn about their company's financial health and future plans and to have a voice in providing feedback and ideas about these plans.
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Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by exploiting core competencies in?.
Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by exploiting core competencies in specific product market.
Define Business-level strategies.Business level strategies are the coordinated set of moves and activities made with the goals of providing consumers with value and creating a competitive edge for the company in the specific product or service market by utilizing its core capabilities. It establishes the company's position in the market in comparison to its competitors. Businesses with several businesses, each of which is regarded as a Strategic Business Unit, are the primary focus of business-level strategies (SBU).
It establishes how each Line of Business, or SBU, inside the company will compete in the market. It also focuses on how the company will effectively manage the interests and operations of a particular unit while competing successfully in each of its lines of business.
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anna’s antiques expects to get two bidders for the unique china teacup it sells. each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. what is the expected revenue from setting the price at $70? a. $60 b. $70 c. $80 d. $100
Based on the probability of the high value bidders and the low-value bidders for the unique china teacup sold by Anna's Antiques, the expected revenue from setting the price is B. $70
How to find the expected revenue?The expected revenue that a person makes depends on the prices that are being offered for the product to be sold. When there is a high bid and a low bid, the expected revenue is found as:
= (Probability of high bid x High bid price) + (Probability of low bid x Low bid price)
This would only work if the price of something was not already set.
if the price is already set as was the case here, then the expected revenue would be the price that the product was set at, if this price was lower than the high-value bid but the same as the low-value bid As the $70 is lower than the $100 high value bid, the expected revenue from setting the price at $170 is $70.
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A company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. This is an example of ________.
'A company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. This is an example of an Affiliate marketer.
Affiliate marketing is a marketing arrangement in which an affiliate receives a commission for each visit, signup, or sale that an affiliate generates for a merchant. This agreement allows companies to outsource part of the sales process.
Affiliate marketing has his three main types: independent affiliate marketing, related affiliate marketing and participatory affiliate marketing.
E-Commerce Affiliate marketing promote other companies' products, services or websites through their own channels and earn commissions. Ecommerce affiliate marketing is growing in popularity and is being used to increase sales and generate online revenue, which benefits both brands and affiliate marketers.
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