I they create and develop new products and processes in the next two years. This is an example of strategic planning.
What is strategic planning?Strategic planning can be defined as those goals and objective a company or organization intend to achieve in the future.
Based on the given scenario the company is engaging in future Strategic planning as they intend to develop new products and processes in the next two years.
Therefore this is an example of strategic planning.
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Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane. Jerry receives the claims from ABC Insurance, completes the inspections, and settles claims on behalf of ABC Insurance according to his contract. What type of authority has ABC Insurance given Jerry
The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.
What is express authority?This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.
Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.
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When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
A country will roughly double its gdp in twenty years if its annual growth rate is:
A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
What is the rule of 70?The rule of 70 is used to determine the time it takes a country to double it growth rate.
It makes use of the annual growth rate of the country.
To double in 20years =70/20 = 3.5
Therefore, A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
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Ken loves to design things and put them together. He helped his dad build a
dog shed from scratch. Which of these marketing career paths would be best
for Ken?
OA. Product designer
OB. Web designer
O C. Market research analyst
OD. Public relations specialist
Answer:
OA. Product designer
Explanation:
He has the skill to build a project.so he can develop his skills and design products.
Answer:
product designer
Explanation:
bc i said so
At the end of 2015, Murray State Lenders had a balance in its accounts receivables of $100,000 and Allowance for Uncollectible Accounts of $4,500 (credit) before any adjustment. The company estimated that 12% of accounts receivables is uncollectible. Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a:
Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
What is the adjustment for uncollectible accounts?The adjustment for uncollectible accounts involves crediting the Allowance for Uncollectible Accounts and debiting the Bad Debts expense.
The credit to the Allowance for Uncollectible Accounts brings the account to its rightful balance at the end of the period.
Data and Calculations:Accounts receivable balance = $100,000
Allowance for Uncollectible Accounts = $4,500 (credit)
Estimated uncollectible accounts = 12% or $12,000 ($100,000 x 12%)
Adjustment Analysis:Bad Debts Expense $7,500 Allowance for Uncollectible Accounts $7,500 ($12,000 - $4,500).
Thus, Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
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Spice Inc.'s unit selling price is $45, the unit variable costs are $30, fixed costs are $113,000, and current sales are 9,900 units. How much will operating income change if sales increase by 5,900 units
The Increase in operating income is $159500.
How to calculate the income?Proposed
Unit sales = 9900 + 5900 = 15800
Sales = 15800 × 45 = 711000
Variable expenses = 15800 × 30 = 474000
Contribution margin = 711000 - 474000 = 237000
Fixed cost = 113000
Operating income = 124000
Current
Unit sales = 9900 l
Sales = 9900 × 45 = 445500
Variable expenses = 9900 × 30 = 297000
Contribution margin = 445500 - 297000 = 148500
Fixed cost = 113000
Operating income = 35500
Increase in operating income:
= 35500 + 124000
= 159500
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Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happen to the price and quantity in the market?
A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.
What is supply curve?Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.
Thus, A shift in the number of vendors in a market affects the quantity
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What things should you consider when setting up a checking or savings account with a financial institution?
Answer:
What profit will you get
why should social media managers begin the budgeting process for their social marketing program well before final budget numbers are settled?
Social media managers ought to begin the budgeting process for their social marketing program well before final budget numbers are settled because: they must collect all relevant data to enable them make a plausible case for how the numbers will be expended and the return or marketing investment.
Who is a social media manager?
A social media manager is a person who manages an aspect of marketing for a company that is related to the use of social media to reach the target audience.
It is crucial to note that budgeting is a very crucial aspect of social media marketing.
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_________________ are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information. group of answer choices b. engagement letters c. subpoenas d. grand juries a. confirmations
Confirmations are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.
Who is a third party?A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.
Therefore, the correct answer is option A. confirmation.
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The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in:
The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
What is Labour force?Labour force are people that helped in managing a business.
They include workers and staffs of organization and without them no work can be done.
Change of labour force can have a great impact on an enterprise.
Therefore, The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
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The following table presents information on four different open-end mutual funds. use the information in the table to answer the questions that follow.
fund nav net chg ytd % ret
brrt 38.21 0.37 9.9
glbex p 13.32 0.04 3.4
pwrsl r 19.77 0.14 6.3
gmar 30.81 0.28 8.8
a. the mutual fund (brrt, pwrsl, glbex, or gmar) _______ charges a back-end load fee.
b. true or false: you can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.
t / f _________
c. suppose brrt has a front-end load fee of 7%. if you purchase 100 shares of this fund at the nav, you will pay a commission of _________. if, in one month, you sell the shares, you (will not or will also) _________ pay a redemption fee at that time.
d. if you are interested only in funds without any fee, you (will need or do not need) ___________ to use additional online resources to find no-load funds, because using on ly the quotations as listed in the table, it is (very easy or impossible) to determine the amount of any front-end load fee that the fund may charge.
Mutual Fund Net Asset Value (NAV) depicts a fund's per share market value. On this basis, the answers are: a. glbex; b. false; c. 7.7%: will not; d. do not need: very easy. Read below about Mutual Fund Net Asset Value.
What is the nature Mutual Fund Net Asset Value?a. the mutual fund (brrt, pwrsl, glbex, or gmar) brrt charges a back-end load fee.
b. true or false: you can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.
t / f False
c. suppose brrt has a front-end load fee of 7%. if you purchase 100 shares of this fund at the nav, you will pay a commission of 7.7%. if, in one month, you sell the shares, you (will not or will also) will not pay a redemption fee at that time.
d. if you are interested only in funds without any fee, you (will need or do not need) do not need to use additional online resources to find no-load funds, because using on ly the quotations as listed in the table, it is (very easy or impossible) to determine the amount of any front-end load fee that the fund may charge.
Therefore, the correct answers are as given above.
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Tell me about a time a customer wanted one thing, but you felt they needed something else. How did you approach the situation, what were your actions and what was the end result?
The consumer's purchase and decision-making process may be inconsistent at some stage, and the salesperson can help him or her by applying effective sales strategies.
What is a sales strategy?These are techniques used by a company to influence the consumer to make the purchase, this can occur through negotiation, empathy and demonstration of the seller's expertise in the subject, which will help the consumer to resolve their doubts and generate confidence to make the purchase.
Therefore, it is essential for the seller to identify the consumer's profile and needs, to approach him effectively and help him make the purchase.
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Some critics of the unemployment rate say that it under-reports the actual unemployment problem by:
Critics of the unemployment rate say that it under-reports unemployment because it does not include discouraged workers.
What goes into the employment rate?The unemployment rate takes into account only people who are actively looking for work.
It does not include people were looked for work and then got discouraged which means that it does not propery account for those who want jobs even though they can't get them.
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A recent study found that an increase in the federal tax on beer (and thus an increase in the price of beer) would reduce the demand for marijuana. We can infer that
We can infer that beer and marijuana are complement goods.
What are complement goods?
Complement goods are goods that are consumed together. When the price of one of the complement goods increases, the quantity demand of that good declines and the demand for the second complement good decreases.
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What do you think an investor would be most interested in knowing about the financials of your company? Why do you think that is? How would you show an investor that investing in your company wouldn't pose a high risk?
Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.
What is investing?
Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."
Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.
Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.
As a result, an investor must be interested of the company's financial statements and goodwill.
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Design quality is considered a(n) __________ for the firm. Multiple choice question. insignificant cost strategic decision service decision unimportant decision
The Design quality that a firm goes with is considered to be a strategic decision.
What kind of decision is Design quality?The quality of the design that a company goes with to brand their goods and services will represent what the company hopes to achieve in the future.
This means that the decision is a strategic one as these are done to showcase the future goals and direction of a company.
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One of the steps of driving-forces analysis is to identify which a. strategy changes a company may need to make to prepare for the impacts of the driving forces. b. strategic group is the most powerful. c. industry member is likely to become (or remain) the industry leader and why. d. key success factors are most likely to help their company gain a competitive advantage. e. of the five competitive forces will be the strongest driver of industry change.
The recognized step of the driving-forces analysis is to identify which strategy changes that a company may need to prepare for the impacts of the driving forces.
What is a driving-forces analysis?This refers to the process of identifying the driving forces and assessing their impact whether it will make the industry more or less attractive.
However, the recognized step of this analysis is to identify which strategy changes that a company may need to prepare for the impacts of the driving forces.
Therefore, the Option A is correct.
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the state of __________ offers the lowest organizational costs for a corporation.
The state of Delaware offers the lowest organizational costs for a corporation. This is further explained below.
What is Delaware?Generally, Native Americans are Someone who used to live in the Delaware River valley in New Jersey and eastern Pennsylvania.
In conclusion, When it comes to establishing a company, Delaware is the most budget-friendly option.
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Unlike a firm that strives for market share, a firm with the objective of maximizing sales _______. a. seeks to maintain existing prices or to meet the competition's prices b. benefits from maximization of cash if it is adopted as a long-run objective c. ignores profits, competition, and the marketing environment as long as sales are rising d. possesses adequate funds and faces an optimistic future
Unlike a firm that strives for market share, a firm with the objective of maximizing sales ignores profits, competition, and the marketing environment as long as sales are rising.
What is the maximization of sales?This is the term that is used in economics and commerce to refer to the way that the producer would use any means that is possible in order to get the highest possible sale.
The goal is to be able to raise the highest level of revenue that is possible. Hence the answer is c.
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When expanding its operations into India, the PureWater Company chose names in Hindi for the product line. This was an appropriate strategy because the company name could not be pronounced in the local language. This is an example of a strategy of _______. a. transactional marketing b. one-brand-name everywhere c. transformational marketing d. adaptations and modifications
This is an example of a strategy (D) adaptation and modifications.
What is transactional marketing?A business technique known as "point of sale" transactions is called transactional marketing. Instead of focusing on forging a relationship with the customer, individual sales are being optimized for efficiency and volume.What is transformational marketing?When you use the art of storytelling to turn your customer from a one-time customer into a devoted supporter of your company, you are engaging in transformational marketing. The tale is no longer solely focused on your brand and what it has to offer.What is one-brand-name everywhere?One of the first beverages that come to mind is Coca-Cola. No matter where you go in the globe, a Coke is a Coke. (However, I've heard that Coke sometimes has trouble displaying its name in Chinese or Japanese characters.) Kodak is one company that unquestionably got it right.What are adaptations and modifications?A set of choices about an organization's market strategy, organizational structure, and transactions is known as business adaptation or business model adaptation. Organizations are given the tools they need to deal with a variety of business difficulties because of their adaptable features. Any significant alteration made to a product's characteristics (size, shape, color, style, price, etc.); modifying a product is typically done in an effort to revive it in order to boost demand.Therefore, This is an example of adaptations and modifications.
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Global Marketing contracted with Tech Smart Company to maintain Global's computer system. Global's marketing process depends on its computer system operating properly at all times. A liquidated damages clause in the contract provided that Tech Smart pay $1,000 to Global for each day that Tech Smart was late responding to a service request. On September 1, Tech Smart was notified that Global's computer system had failed. Tech Smart did not respond to Global's service request until September 15. If Global Marketing sues Tech Smart under the liquidated damages provision of the contract, Global will:
If Global marketing should go ahead to sue under this contract they are going to win unless the liquidated damage provision is determined to be a penalty
What is the liquidated damages provision?This is a contract in business law that requires that a party that breaches a contract goes ahead to pay a particular amount as compensation.
The compensation that they are to pay is due to their failure that carry out the task they were supposed to.
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at the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car. you have a(n) _____ lease.
At the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car, then you will have an open-end lease.
What is open-end lease?An open-end lease serves as a rental agreement whereby the one that is to make a periodic lease payments enter an agreement with the owner so as to be able to make balloon payment at the end of the lease agreement.
Therefore, in this type of lease, there will no be extra pay at that time based on the residual value of the item.
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A perfectly competitive firm is producing 700 units, which is their profit-maximizing output level. The market price for their good is $2 and the firm's average total cost to produce the 700 units is $0.50. What is their profit or loss from producing the 700 units
Their profit or loss from producing the 700 units is: $1,050.
Profit or lossUsing this formula
Profit or loss=(Number of units×Market price)-(Number of units×Average total cost)
Let plug in the formula
Profit or loss=(700 units×$2)-(700 units×$0.50)
Profit or loss=$1,400-$350
Profit or loss=$1,050
Therefore their profit or loss from producing the 700 units is: $1,050.
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Spock Enterprises has a market value of $100 million in debt outstanding. They also have a market value of equity of $400 million. Shareholders require a 12% return on their shares and creditors require a 7% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
The weighted average return required by investors in Spock Enterprises is Blank 0.11%. The answer is 0.11%. Read below about weighted average return.
How does one calculate weighted average return?One calculate a weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together. Consequently, supposing a portfolio has 65% stocks, 50% bonds, and 10% cash, those weights would be multiplied by their annual performance to get a weighted average return.
Therefore, (0.2x0.07) + (0.8x0.12) = 0.11 and as a result the answer is 0.11%
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A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yield of A) 12.40%. B) 12.55%. C) 12.62%. D) 12.68%. E) None of the options are correct.
The effective annual yield of a treasury bill is equivalent to 12.55%.
Option B is the correct answer.
What is the treasury bill?The treasury bill is the trading instrument that is issued in the money market by the government.
Given values:
Par value: $100,000
Future value: $97,087
Number of years from now: 3 years
Step-1 Computation of interest rate of treasury bill:
[tex]\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\rm\ Par \rm\ value - \rm\ Future \rm\ value}{\rm\ Future \rm\ value} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\$100,000-\$97,087}{\$97,087} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=0.03[/tex]
Step-2 Computation of equivalent yield the bill:
[tex]\rm\ Equivalent \rm\ annual \rm\ yield =(\rm\ 1+ \rm\ interest \rm\ rate)^{\rm\ Number \rm\ of \rm\ years} - 1\\\rm\ Equivalent \rm\ annual \rm\ yield=(1+0.03)^{4} -1\\\rm\ Equivalent \rm\ annual \rm\ yield=1.01255-1\\\rm\ Equivalent \rm\ annual \rm\ yield=0.01255[/tex]
Therefore, 12.55% is the equivalent yield on the treasury bill.
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Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether it is expected or not. d. high, whether it is expected or not.
Wealth is redistributed from creditors to debtors when inflation is unexpectedly high.
What is inflation?Inflation is when there is a persistent rise in the general price levels of goods and services. When inflation is unexpectedly high, the inflation is not priced into the amount of interest that a creditor expects from a debtor. This leads to wealth been redistributed from creditors to debtors.
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Which situation is a result of fiscal policy?
a. A corporation is fined for violating regulations.
b. A consumer has limited options for food at a store.
c. A bank offers a loan to a small business.
d. A school gets more money to buy computers
The following statement, which may be viewed as the outcome of fiscal policy, is D: A school receives greater funding to purchase computers.
Fiscal policy can be thought of as a projection of government expenditure and taxes that have an impact on the economy.It typically results in a reduction in taxation and government spending, but everything is done to ensure that purchasing power is not weakened.
An illustration of the effects of this policy was Option D.
Therefore, D is correct option.
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Refer to Landfall Service. Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.
The company must have absolute advantage.
Having been in business for a while, Landfall Service is a provider of outdoor furniture. Greater than any other company in the country, it is renowned for its capacity to make furniture quickly. The truth is that no rival businesses exist in any other country. Many of the items offered by Landfall Service have been exported. Actually, sales outside of the United States account for 80% of company income. In order to support domestic businesses, the Italian government has slapped a tax on imported furniture. On the other hand, because the government wanted a piece of the action, the Brazilian government levied taxes on Landfall Service items.
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If Jamie Lee does not want to pay more than $285 a month and is unwilling to take a loan for more than five years what is the maximum she is willing to pay for a car credit score of 740
Based on the number of years that Jamie Lee wants to take the loan and the monthly payment, the maximum she is willing to pay is $17,100.
How much is the maximum that Jamie Lee wants to pay?This can be found as:
= Maximum monthly payment x Number of months to pay
Solving gives:
= 285 x 5 years x 12 months a year
= 285 x 60 months
= $17,100
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