Children who have grown up in families where there is disengagement may find it hard to function in a group or to give or request support.
Avatar remedy is a therapist-assisted computer-based totally intervention in which therapists facilitate a verbal exchange among sufferers who're experiencing persistent persecutory auditory hallucinations and a visible illustration of one of the persecutory voices. Avatars are digital self-representations that permit people to interact with every different in pc-based totally digital environments.
Those psychodynamic theorists deliver the finest attention to unified personality. these psychodynamic theorists propose that humans are influenced particularly by means of a need to have relationships with others. in the burgeoning discipline of e-mental fitness interventions, avatars are increasingly being utilized to facilitate online conversation among customers and therapists, and among friends.
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If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 ecrease in the demand for cigarettes would cause the price of cigarettes to?
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 increase in the demand for cigarettes would cause the price of cigarettes to decrease by 2.5 percent. Option C
This is further explained below.
What is the elasticity of demand?Generally, The elasticity of demand, also known as demand elasticity, is a metric that assesses how demand reacts to changes in either income or price.
Because the price of a product or service is the most frequent economic element used to quantify it, it is usually referred to as "price elasticity of demand."
In conclusion, If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5 percent rise in the demand for cigarettes would result in a 2.5 percent drop in the price of cigarettes. This is assuming that the elasticity of supply for cigarettes is 1.25. Alternative C
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complete question
If the elasticity of demand for cigarettes is 0.75 and the elasticity of supply for cigarettes is 1.25, then a 5% decrease in the demand for cigarettes would cause the price of cigarettes to:
increase by 2.5%
increase by 5%.
decrease by 2.5%
decrease by 5%
all of the following are reasons that marketers are losing confidence in television advertising except .
TV and other mass media still capture the lion's share of promotion budgets.
A variety of activities are referred to as promotions when they are done to advance or increase visibility of a product. Promoting a worker's rank or position in a hierarchical structure is referred to as a promotion in the context of a career. A promotion can take many forms in business, marketing, and careers. In marketing, a promotion refers to boosting intention on a product through advertising or a lower price. The act or fact of being increased in rank or position is the meaning of promotion according to the dictionary. In business, marketing, and jobs, promotions can take place in a number of different ways. Being elevated in rank or position is referred to as promotion in the dictionary.
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Marketers are particularly interested in targeting baby boomers because they typically possess which two things that marketing professionals seek?
The correct option is (D) disposable income and free time
Marketers are particularly interested in targeting baby boomers because they typically possess two things marketing professionals seek disposable income and free time.
What does baby boomer slang mean?The phrase "baby boomer," commonly abbreviated to "boomer," describes a person, mostly of American descent, who was born during the post-World War II birth boom that lasted from the 1940s through the early 1960s.
Optimism, teamwork, personal satisfaction, wellness and health, personal progress, youth, work, and involvement are among the basic values of Baby Boomers. Baby Boomers are more content with their jobs when their ideals are supported at work.
Why do marketers find baby boomers attractive?They are more self-centered and active than their parents were when they were their age, and they are also healthier and more active. The baby boomer demographic is significant. Every marketer should be aware of efficient marketing methods for baby boomers because they make up one of the largest consumer segments.
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The complete question is:
“Marketers are particularly interested in targeting baby boomers because they typically possess two things that marketing professionals seek:
A. higher education levels and disposable income.
B. higher paying jobs and greater interest in leisure activities.
C. greater purchasing power and more consumer confidence.
D. disposable income and free time.
E. higher paying jobs and higher education levels.”
Discuss how a hypothesis can become a theory. can a theory become a law. explain
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time.
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time. A causal hypothesis is not the same as a law, and a causal hypothesis cannot become a law.
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prepare journal entries for the following transactions for kaboom inc. a. paid $2,400 cash for a 6-month insurance policy. b. declared dividends of $4,000 cash. c. paid $6,000 cash in salaries for the month. d. provided $16,000 in services for customers on account. e. collected one-half of the amount due from customers in part d.
Journal entries are a crucial component of accounting for a firm since they not only serve as a record of every transaction but also reveal which accounts are impacted by them. This practice is referred to as double-entry bookkeeping.
What is a Journal Entry?A journal entry is an act of recording any transaction, whether one that is economic or not. An analysis diary that depicts the debit and credit proportions of a company lists trades. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. To document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. General journal entries are not processed automatically as invoices or cash receipts are processed; rather, they are entered manually into the general ledger.
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According to the bcg matrix, products that are typically new to the market and require significant marketing investment in promotion, product management, and distribution are classified as?
According to BCG Matrix, star products are typically new to the market and require significant marketing investment in promotion, product management, and distribution.
A BCG matrix is a model that is used to analyze a company's products in order to aid in long-term strategic planning. The matrix assists businesses in identifying new growth opportunities and determining how to invest for the future.
Most businesses provide a wide range of products, but some provide better returns than others. The BCG matrix provides a framework for evaluating the success of each product, assisting the company in determining which ones to invest more money in and which to eliminate entirely. It can also assist businesses in identifying a new product to introduce to the market.
Four products of BCG Matrix are-
Stars: Products in high-growth markets that account for a sizable portion of that market are considered "stars" and should be invested in more heavily.Question Marks: Questionable opportunities are those in high-growth markets where the company does not have a significant market share.Cash Cows: Products in low-growth areas with a relatively large market share are considered "cash cows," and the company should milk the cash cow for as long as possible.Dog: A company's product is considered a "dog" if it has a low market share and a low rate of growth and should be sold, liquidated, or repositioned.Learn more about BCG Matrix here:
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Cody makes a business decision based on financial outcomes first, and then attempts to argue that it is ethical as well when it may not be. cody is?
Cody makes a business decision based on financial outcomes first, then tries to justify that it is also ethical when it is not. Cody is a rationalizing his decision.
What exactly is a business decision?
A business decision, also known as an operational decision, is any choice made by a business professional that determines the short-term or long-term operations of the organisation. Professionals make business judgments in response to a range of conditions, such as deciding which job candidate to recruit, how to distribute department budgets, when to enter a new product market, whether to merge branches, and other situations that necessitate well-thought-out actions.
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What are the conditions that would support a strong matrix organization for project management? when is a dedicated team preferred?
In strong matrix organizations, the project manager has authority and a full-time role. A full-time project management team will report to and control the budget. This structure has the characteristics of an intended organization.
A matrix organization is a combination of two or more different types of organizational structures, such as project management or functional management. Furthermore, the matrix structure includes both traditional management hierarchies, where employees are managed by a functional manager, as well as additional project managers who can manage employees, in different parts. These two or more management systems intersect on a grid or matrix.
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how long should sales records such as invoices and monthly statements be stored? question 6 options: 3 years 6 years 9 years indefinitely
Always keep receipts, bank statements, invoices, payroll records, and any other documentary evidence that supports an item of income, deduction, or credit shown on your tax return. Most supporting documents such as sales records need to be kept for at least 3 years.
What do you mean with the aid of tax return?
A tax return is a shape or paperwork filed with a tax authority that reports profits, prices, and different pertinent tax facts. Tax returns permit taxpayers to calculate their tax legal responsibility, schedule tax bills, or request refunds for the overpayment of taxes.
Is a tax return a refund?
Even though the phrases “return” and “refund” sound pretty similar, in terms of tax season, they are very different. A tax return is money that the IRS sends to you after accepting and reviewing your tax go back. It is important to notice, but, that now not every person who documents a tax return will receive a tax refund.
Why do human beings get tax return?
You will get tax return in case you overpaid your taxes the yr earlier than. This could appear in case your organization withholds too much out of your paychecks (based at the facts you provided to your W-four). If you're self-employed, you could get tax return if you overpaid your expected quarterly taxes.
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When there is a perceived need for change, charismatic leaders are often successful by?
Charismatic leadership is defined by a leader who uses his or her communication skills, persuasiveness, and charm to influence others.
What is communication?The word "communication" is derived from the Latin verb communicare, which meaning "to share" or "to be in relationship with." There appears to be an apparent resolution to the uncomfortable boundaries between oneself and others, the public and private worlds, and one's inner thoughts and the outside world.
In general usage, the term "communication" refers to a wide broad variety of distinct behaviors involved in the dissemination of information, which illustrates how challenging it is to define communication consistently. According to John Peters, the challenge in defining communication stems from the fact that it is both a universal phenomena (because everyone communicates) and a particular field of institutional academic inquiry.
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what are the general responsibilities of the sharecropper, based on this contract? what are the responsibilities of the landlord?
Plantations were divided into 20- to 50-acre sections suited for farming by a single family. Sharecroppers agreed to raise a cash crop and deliver a piece of the crop to their landlord in exchange for the use of land, a cabin, and supplies.
Sharecropping is a legal arrangement for agricultural land in which a landowner permits a tenant to utilize the land in exchange for a share of the crops grown on the land.Sharecropping is a type of tenant farming in which the landowner provides all of the capital and most of the other inputs while the tenants supply their labor. Depending on the contract, the landowner may have provided the tenants with food, clothing, and medical care, as well as supervise the labor.Thus, these were the responsibilities of the sharecropper and the landlords.
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Long-term financial security can be achieved through both frugal living and wise investing.
Yes, Long-term financial security can be achieved through both frugal living and wise investing
What is financial security?When someone is financially secured the person is no longer will not be worried about money. Financial security refers to the level where by one is financially satisfied and not troubled about the issue of making proper expanses.
This state is what most people struggle to reach in life. To be able to foot bills without needing help from external source.
How frugal spending and wise investment help attain financial securityFrugal spending refers to spending wisely in activities that is worth spending the money on. It implies not being extravagant and spending money without restrictions.
Wise investment refers to when one invests in a business with proper information perhaps by visiting experts in the particular field to take care of the risks and get knowledge on how to be successful.
Applying these two will ensure that money is spent judiciously and invested in activities that will yield more mosey hence it is true to say that Long-term financial security can be achieved through both frugal living and wise investing.
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To pay for a home improvement project that totals $9,000, genesis is choosing between taking out a simple interest bank loan at 9% for 3 years or paying with a credit card that compounds monthly at an annual rate of 18% for 7 years. which plan would give genesis the lowest monthly payment? the monthly credit card payment would be $295, which is lower than the monthly payment on the bank loan. the monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. the monthly payment on a bank loan would be $317.50, which is lower than the monthly credit card payment. the monthly credit card payment would be $374.21, which is lower than the monthly payment on the bank loan.
The plan that would give Genesis the lowest monthly payment: The monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. Thus, option B is the correct option.
Genesis would find the most economical option in the bank loan plan, featuring a monthly payment of $272.50. This amount contrasts favorably with the higher monthly credit card payment of $295.
By opting for the bank loan with a lower monthly commitment, Genesis can efficiently manage the costs of the $9,000 home improvement project while ensuring a more affordable repayment plan in the long run.
Thus, option B is the correct option.
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Suppose that the demand curve in both markets shifts out by the same distance. the change in price will be larger in _____, and the change in quantity will be larger in _____.
Supposing that there is a shift in the demand curve, the change in price will be larger in one market say B and the change in quantity will be larger in another market say market A, and keeping in view that the demand curve in both markets shifts out by the same distance.
This explains the phenomenon of shifts and movements that are caused by changes in prices and different factors like
Taste, Climatic conditions, Choices, etc.A movement along the demand curve is a change in the quantity sought as a result of a price change.
There is a shift in the demand curve and a new demand curve has to be drawn if something other than price changes the amount wanted at the old price. Simply by adding up the quantity that each individual customer desires at each price to determine the group's demand curve.
So, the fact that the demand curve in both markets shifts by the same distance explains the market clearance as in that there will be a large change in price in one market say the producer side, and a larger change in quantity say the consumer side in the other market.
So if there is an increase or decrease in price this is inversely going to affect the quantity demanded in the market.
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Consumers buying products online have dramatically affected the ____ variable of the marketing mix.
Consumers buying products online have dramatically affected the promotion variable of the marketing mix.
Advertising and marketing selection variables correspond to the important advertising functions that have an impact on sales and income. they are summarized inside the four P's product, charge, merchandising, and place distribution. different marketing selection variables may additionally include provider guidelines, credit score, and so on, and variable advertising of the most important for the customer.
Variable advertising and marketing prices are constant expenses that vary with the range of people who view your advertising and marketing. a fee is one of the most important variables for the customer when deciding on one item over another. at the cease of the Forties, advertising expert Jerome McCarthy added the four cornerstones of the advertising and marketing blend Price, Product, place, and promotion.
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According to the electure, the interpersonal communication process is the process of ________ and ________ verbal and nonverbal messages between two or more people.
According to the lecture, the interpersonal communication process is the process of sending and receiving verbal and nonverbal messages between two or more people.
Interpersonal communication, or face-to-face communication, is the process through which individuals exchange knowledge, sentiments, and meaning through verbal and nonverbal cues. Interpersonal communication includes non-verbal cues like tone of voice, facial expressions, gestures, and body language in addition to the words that are verbal, or the language that is employed. Communication occurs whenever two or more individuals are together and aware of one another's presence, regardless of how inadvertently or subtly it occurs. Without verbal, an observer may infer information about another's role, emotional state, personality, and/or goals from their posture, facial expressions, and clothing. Even when no communication is intended, people nonetheless pick up messages from such non-verbal behaviours.
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is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects. gives information about earnings before interest, taxes, depreciation, and amortization. has three segments that when analyzed together give an idea of what the company owns and what it owes. aggregates all cash inflows, which the company receives from its ongoing activities and investment sources, and all cash outflows. details changes in the capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings.
An Annual Report is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects.
The Income Statement gives information about earnings before interest, taxes, depreciation, and amortization.
The Balance Sheet has three segments that when analyzed together give an idea of what the company owns and what it owes.
The Statement of Cash Flows aggregates all cash inflows, which the company receives from its ongoing activities and investment sources, and all cash outflows.
The Statement of Changes in Equity details changes in the capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings.
What is an annual report?An annual report is a comprehensive corporate document that details a company's activities and financial performance for the past fiscal period and its intentions for the future.
Annual reports are issued to stockholders.
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an employee that is having trouble paying his personal bills might exhibit the following fraud factor:
An employee that is having trouble paying his personal bills might exhibit Pressure.
When you are under pressure, you are in a situation where something is at stake and the outcome is dependent on your performance. Moments of pressure transform into feelings of having to perform successfully, often with an accompanying sense of impending doom if you don't. When under pressure, your goal is to perform, to deliver the goods.
Pressure can be real or perceived, and it can be created by other people or entire groups. A parent can put pressure on their child to do well on a test, or thousands of sports fans can put pressure on an athlete to score the winning point. Some pressure and stress can actually be beneficial to performance; studies show that the right amount of stress can help you perform better. However, too much pressure and stress can impair performance and even cause freezing or choking. Pressure can be beneficial or detrimental to performance depending on one's level of confidence and proficiency.
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with this type of commercial lease, the lease holder does not own the apartment but instead holds the lease to the residential unit.
Proprietary lease is the type of commercial lease where the lease holder does not own the apartment but instead holds the lease to the residential unit.
A proprietary lease is an arrangement that allows co-op shareholders the right to live in a certain apartment space. Proprietary leases, often known as occupation agreements, define the rights and duties of shareholders and the cooperative corporation's board of directors.A proprietary lease is a lease granted by a cooperative business that allows the share owner to dwell in a specific unit or apartment. The lease specifies the owner's rights and responsibilities, as well as the association's obligations and duties.To preserve the maturity between 30 and 50 years, the board typically extends the lease when it approaches 25 or 30 years in the future. This is due to the fact that a proprietary lease that expires in less than 30 years may raise issues with potential lenders.Thus, this is the meaning of Proprietary Lease.
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All accounts appearing in the ____________________ section of the worksheet are closed to the income summary account.
The accounts included in the worksheet's adjustments section are all linked to the Income Summary account.
The following steps must be completed when creating a worksheet: posting balances in trial balance columns, entering balances in adjusting trial balance columns, posting adjusting entries in adjustment columns, finishing the columns for the income statement, determining net loss or net income, and finishing the columns for the balance sheet. Some adjustments are a result of how the business operates inside. To document these modifications, adjusting entries are created. The worksheet's adjustments section should be used to record any changes to account balances. Accounts from your balance sheet and profit and loss statement are typically included in adjusting entries. To put it another way, when you make an adjusting entry to your books, you are altering your income or costs as well as the assets (or liabilities) or debt (or equity) that your business owns or owes (liabilities).
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What will be the immediate effect if the government sets the price for potatoes at Point B?
O There will be a shortage of potatoes.
O There will be a surplus of potatoes.
O The price of potatoes will rise to meet equilibrium.
O The price of potatoes will fall to meet equilibrium.
If the government sets the price for potatoes at point B, then there will be shortage of potatoes. The correct answer is option A.
In 2022, the price range for US potatoes is estimated to be between US$ 1.05 and US$ 1.07 per kilogram, or between US$ 0.48 and US$ 0.49 per pound (lb). EUR 1.05 per kg is the price in Euros. In New York and Washington, the average price for a ton is US$ 1053.83. In 2019, the US import price for potatoes was $1.01 per kilo. The tasting Table compared data from the US Bureau of Labor Statistics on potato prices from February 2019 to June 2022. (BLS). In June, the average price of white potatoes had risen to $0.89 per pound. This represents a 15.86% increase over last June and a 19.9% increase over June 2020.
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Answer:
A
Explanation:
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focus on day-to-day operations of a business including managing sales, payroll, and receipts.
Transaction processing systems focus on the day-to-day operations of a business including managing sales, payroll, and receipts.
Transaction processing is a manner of computing that divides work into man or woman, indivisible operations, and transactions. A transaction processing gadget is a software machine, or software program/hardware combination, that supports transaction processing.
A transaction system system is a facts processing device for business transactions related to the collection, change, and retrieval of all transaction facts. traits of a TPS consist of overall performance, reliability, and consistency. TPS is likewise known as everyday transaction processing or actual-time processing.
A transaction processing system is an automatic system that plays and data each day recurring transactions necessary everyday conduct business.
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Management of a resource that considers the impact of its use at every stage of the process is known as?
Management of a resource that considers the impact of its use at every stage of Management of a resource that considers the impact of its use at every stage of the process is known as Cradle-to-Cradle.
Management, whether it be in business, non-profit, or governmental settings, is the administration of an organisation. Management is the science and art of managing the business's resources. A sustainable business model is known as "cradle to cradle" imitates nature's regenerative cycle by recycling garbage. In the natural world, waste produced by dead or dying animals or plants decomposes and produces nutrients for other processes. Management administrative tasks involve determining the organization's strategy and coordinating the staff's efforts to achieve these goals by utilising the resources at hand.
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ivan has inherited his mother’s 1963 chevrolet corvette, which he values at $45,000. he decides that he might be willing to sell it, so he posts it on craigslist for $55,000. samantha is interested and willing to pay up to $72,000 for one. a. willing to voluntarily engage in this exchange.
Ivans benefit: $55,000 Ivans cost: benefits of car $45,000 Samantha benefit: $72,000 willing to pay Samantha cost: $55,000 Both would agree to the exchange
An exchange is a site where financial instruments including derivatives, securities, and commodities are traded. The main goals of an exchange are to maintain fair and orderly trading and effective pricing information dissemination for all securities traded on that exchange. Exchanges provide businesses, governments, and other organizations with a venue through which to offer securities to the buying public. A physical facility where traders congregate to do business or an electronic platform can both be considered exchanges. Depending on the area, they may also be referred to as a "bourse" or a share exchange. The majority of nations in the globe have exchange. The more well-known exchanges include the Tokyo Stock Exchange, the London Stock Exchange, the New York Stock Exchange, and the Nasdaq (TSE).
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In general, any ceteris paribus determinant of supply that is favorable to production will?
In general, any ceteris paribus determinant of supply that is favorable to production will shift the supply curve to the right.
In economics, the supply curve is a graphic depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply. The graph's horizontal axis represents supply quantity and the vertical axis represents product price.
The amount of a resource that businesses, producers, workers, providers of financial assets, or other economic agents are willing and able to offer to the market or to a specific person is known as supply in economics. Supply can refer to manufactured goods, labor hours, raw materials, or any other in-demand or pricey item.
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According to the text, online platform economies have resulted in which fundamental change for consumers?
The economy of online platforms has fundamentally changed the consumer. The Internet has enabled new business models.
The platform economy is the economic and social benefits enabled by the platform. Such systems are typically online sales or generation frameworks. By the way, the most unusual type is the "transaction structure", also known as the "digital matchmaker". Examples of trading platforms are Amazon, Airbnb, Uber, and Baidu.
The platform economy is the trend in which commerce is gearing towards and supporting more commercial business models towards virtual platforms. A platform is an underlying computing structure that can host services that allow customers, entrepreneurs, businesses, and the majority to connect, distribute sources, or promote products.
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the implied enterprise value of snap inc., calculated using the assumptions and acquisition premium provided, is:
We learn through information that the share price p to the share price p will equal 44.29, and then we obtain the acquisition price.
So tiny p's acquisition cost will be equivalent to 20 percent, and the effective share price for the purchase of p Star will be equal to p p times, capital p times 1 plus p, or 4429 times 1 plus 20 percent, times 1.1.2, which will equal 53 dollars and 15 cents. The number of shares that are outstanding as of this writing is 1041 times m m.
The equity value will then be 53.15 times that.The new debt, which is going to be 1734, will be 9205963. The inferred enterprise value is equal to the equity value plus the net debt, which is equal to e plus d, as d will then be minus 496 points. As a result, we will have 18415863 and a plus while a negative 496, which means that the closest choice is going to be 91075. The third option listed below, 91075, will thus be the closest choice.
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A cost incurred for the benefit of more than one profit center is referred to as a(n) _______cost.
a. avoidable
b. traceable
c. direct fixed
d. indirect fixed
Indirect fixed costs are expenses incurred for the benefit of many profit centers.
Even if fixed expenses, such as the price of assembly-related items, are not incurred directly by the production process, they nonetheless contribute to overall production costs. As a result, they are depreciated over time as opposed to being expensed. In conclusion, direct costs are those that directly support the production of goods or the delivery of services, whereas indirect costs are routine operational costs that keep your organization afloat. Charges that are usually referred to as overhead expenses and general and administrative costs are examples of indirect costs. Since indirect costs do not significantly vary within specific production volumes or other activity indicators, they are regarded as fixed costs.
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all of the licensees at stone realty are attending an off site conference for the afternoon. the broker’s unlicensed assistant remained at the office to answer the telephone. during this time, helen barnes from tri-state realty called for information about a stone listing. what should the assistant do?
All of the licenses at stone realty are attending an off site conference for the afternoon. the broker’s unlicensed assistant remained at the office to answer the telephone.
During this time, Helen Barnes from tri-state realty called for information about a stone listing. The assistant should give Helen the information she is asking for.
Who is an unlicensed assistant broker?An unlicensed assistant broker does a number of responsibilities. Nonetheless, it is germane that every broker understands what an unlicensed broker is legally allowed to do compared to a licensed assistant, in order to avoid getting into trouble.
Therefore, the assistant should give Helen the information she is asking for.
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From the perspective of managing a budget, what term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent?.
From the perspective of managing a budget, a budget variance is the term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent.
What is a budget?This refers to the estimation of revenue and expenses over a specified future period of time that is usually compiled and re-evaluated on a periodic basis. It could be made for a person, group, business, government etc that makes and spends money.
Under a budget, the budget variance means the difference between the budgeted amount of expense or revenue and the actual amount. It is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Therefore, as from the perspective of managing a budget, the budget variance is the term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent.
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