Wallace has decided that he wants to move on from his entrepreneurial business and take his financial profits from his hard work. This is an example of Social entrepreneur.
What is Social entrepreneur?
An entrepreneur that creates social initiatives, such as charities, for-profit companies with social missions, and other non-governmental organizations, strives to build up social capital is known as a social entrepreneur.
The process by which individuals, businesses, and entrepreneurs create and finance solutions that directly address social challenges is known as social entrepreneurship. Therefore, a social entrepreneur is someone who looks into business prospects that benefit their neighborhood, society, or the entire planet.
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after meeting with the borrowers to complete a loan application, you return to your office and order a tri-merge credit report. now that you have a credit report, what loan disclosure must you now prepare and mail (or give) to them?
The application given is known as Notice to Home Loan Applicant
"In connection with your application for a house loan, the lender must disclose to you the score that a consumer reporting agency gave to users and the lender utilised in connection with your home loan, and the important variables affecting your credit scores." says the notice to the home loan applicant.What is the credit disclosure form for applicants?
In a nutshell, this disclosure contains information on the applicant's credit score, the range of potential scores, significant factors that negatively impacted the applicant's credit score, the date the score was delivered, and the name of the person or organisation that gave the score.
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the east company manufactures several different products. unit costs associated with product ord210 are as follows: direct materials $54 direct manufacturing labor 8 variable manufacturing overhead 11 fixed manufacturing overhead 25 sales commissions (2% of sales) 5 administrative salaries 12 total $115 what are the inventoriable costs per unit associated with product ord210?
The inventoriable cost per unit associated with product ord210 is $98.
What are inventoriable costs?Inventoriable costs are described as the costs that are linked with the manufacture of a product and selling them. The constituents of inventoriable costs include factory overheads, direct expenses, direct labor, and direct materials.
Given that,
Direct materials = $54
Manufacturing labor = $8
Variable manufacturing overhead = $11
Fixed manufacturing overhead = $25
Inventoriable costs = Direct materials + Manufacturing labor + Variable manufacturing overhead + Fixed manufacturing overhead = 54 +8+11+25 = $98
It can be concluded that the inventoriable cost per unit associated with product ord210 is $98.
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5. (a) how long will it take an investment to double in value if the interest rate is 3%, compounded continuously? (b) what is the equivalent annual interest rate?
The investment values are:
a) The number of times it'll take the investment to double is roughly=23.10 years
b) The original periodic interest rate is roughly=0.03
The continuous compounding intrest rate isThe reason the below values are correct is given as follows
a) The given parameters are:
Chance interest rate, r = 3
The nonstop compounding interest rate formula, is given as follows:
[tex]P(t)=P_{0} .e^{r.t} \\[/tex]
When the investment doubles, we have:
[tex]P_{0}= P_{0} .e^{r.t} \\e^{0.03*t} =2\\ t=\frac{In2}{0.03} =23.10[/tex]
The number of times, t, it'll take the investment to double is t ≈23.10 times
b) The original periodic interest rate is given as follows:
[tex]i_{eff} =e^{r} -1[/tex]
Where:
[tex]i_{eff}[/tex] = Effective periodic interest rate = Original periodic interest rate
Thus, we have:
[tex]i_{eff} =e^{0}.03 -1=0.03[/tex]
The original periodic interest rate ≈0.03
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according to the corporate governance task force (cgtf), during which phase of the ideal model and framework does the organization plan the specifics of how it will reach its destination?
According to the Corporate Governance Task Force (CGTF), during the Ideal Formation Model and Framework phase, the organization plans specifically how it will achieve its objectives.
Organization is a place or place for a group of people to work together in a rational and systematic, controlled, and guided manner to achieve a certain goal by utilizing existing resources. In general, organizations will utilize certain resources in order to achieve goals, such as; money, machines, methods/methods, environment, human resources, and other resources, which are carried out in a systematic, rational, and controlled manner. Referring to the understanding of the organization, organizational goals do not only focus on achieving the company's vision and mission, but also increasing income that exceeds production costs. This is what distinguishes profit and non-profit organizations.
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which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity? put provision convertible provision call provision deferred call provision
A bond contract's call provision enables the issuer to redeem a bond issuance promptly and in full at a price greater than the par value before maturity.
They are frequently present in municipal and corporate bonds. When market interest rates fall below the bond's interest rate, the issuer may decide to call the bond. By paying off the bond and issuing a new bond with a reduced interest rate, the issuer will be able to save money. According to the call provision, if the bonds are called, the corporation is required to pay the bondholders more than their par value.Deferred call provisions prevent the issuer from calling all or a portion of the bond issue for a number of years in the early years of the bond issuance.
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My business is a pharmacy, what if I compare my pharmacy to a regular store that owns medicines but doesn't work the same as a pharmacy.
And describe how it similar to my pharmacy
state how these two trends have affected and impacted this start-up business.
Answer:
Explanation:
To remain competitive in providing premium healthcare services amid increasing competition, pharmacies must recognize and respond to certain changes likely to influence their market. Look for the following key trends that will define the market over the coming year and beyond.
These trends are classified as consumer-related and industry trends and are not new. They have emerged over a long period and will continue for the foreseeable future.
Consumer-related trends:
Rising expectations
Ageing population
Increase in chronic diseases
Consumerization-Consumers increasingly want to be involved in making decisions about their healthcare.
what u should do:
Engage and empower consumers. Educate them, provide information, coach them, and give patients choices and control.
Adoption/use of technology-Consumers of all ages increasingly uses technology in their daily lives.
Industry trends:
Reimbursement/margins
Consolidation
Preferred networks
Speciality drugs
Labour market
Staying competitive in today’s market requires understanding the major trends shaping the industry. Understanding these trends then means developing clinical, financial and marketing strategies to stay ahead of the curve and to differentiate your pharmacy.
adding
environmental trends
the pharmaceutical industry has begun to notice the detrimental impact pharma products have on the environment on a global scale.
Pharmaceutical products enter the environment at various stages of their life cycle, particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat.pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in the science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally found in eggs that can be induced in males by hormone exposure’.social trends
There is an immediate need for pharmaceutical companies to regard the social environment as the key strategic issue in long-range planning due to the pervasiveness of social influence. Through perceptions of need, society can influence resource allocation and exercise public control over most facets of innovation, production, distribution and marketing of drugs and the funds available by controlling prices and profits. Unfortunately, a recent attitude study on the future of the multinational pharmaceutical industry indicates that a low level of impact is accorded to the Social Environment.The Social Environment of the future can only be evaluated successfully by utilizing effective social forecasting techniques.Unless the Social Environment is regarded as the central strategy issue and effective social forecasting techniques are adopted there is a very real danger that a socially and economically valuable industry will be progressively less able to meet its commitment to contribute effectively to the future well-being of society.in the long run, monopolistically competitive firms tend to experience: a zero economic profits. b allocative efficiency. c diseconomies of scale. d negative economic profits. e high economic profits.
Option (A) is the best choice. Monopolistically competitive businesses typically end up with no economic profits over time.
What transpires to monopolistic competition over time?
Long-term economic gains or losses in monopolistic competition will be removed by entry or leave, leaving firms with no economic gains. There will be some excess capacity in a monopolistically competitive business; this could be seen as the price paid for the variety of products that this market structure brings about.
Since average revenue equals average cost, monopolistic competition results in long-term losses for businesses. Companies in monopolistic competition are unable to control the market pricing that would enable them to enhance their profits due to the plenty of sellers and the freedom of entry and departure for businesses.
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Equipment costing $20,000 with $17,800 of accumulated depreciation is sold for $2,500 cash. The journal entry will involve a ________.
Accumulated depreciation, which is included in the long-term assets section of a balance sheet, reduces a capital asset's net book value.
The journal entry involve Credit portion
What is Accumulated depreciation?
The total amount of depreciation that has been applied to an asset up to a certain point is known as accumulated depreciation. The initial cumulative depreciation amount is increased by the depreciation expense for each period.
Accumulated depreciation is the cumulative amount of depreciation that has been subtracted from an asset's value. Fixed assets are denoted as a debit on the balance sheet, and accumulated depreciation is denoted as a credit to balance the asset.
Throughout the asset's useful life, accumulated depreciation is recorded as a credit. When an asset is sold or retired, accumulated depreciation is recorded as a debit against the asset's credit value. The net income is unaffected.
17800 x 1/20000 x 2500
Accumulated depreciation = 2225
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which element of the promotion mix refers to the set of nonpersonal communication tools designed to stimulate quicker and more frequent purchases of a product?
Sales promotion refers to the set of non personal communication tools designed to stimulate quicker and more frequent purchases of a product.
What is promotion mix ?To maximize promotional efforts and reach a larger audience, marketers create a promotion mix, which is a collection of various marketing strategies. The duty of the marketer is to determine the ideal promotion mix for a specific brand.
It takes marketing expertise and experience to create a promotion mix. To create a successful promotion mix, marketers must conduct numerous studies and gather a ton of information on a specific brand.
The significance of a promotion mix :
increases the efficiency of advertising campaignssegments the audience and enhances client communicationsubscribers are informedunique among the groupWhat Makes Up a Promotion Mix?
Direct selling and advertisingpromotion of salesPublic relationsTo know more about, promotion mix, visit :
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soda bubbles corporation makes soft drinks. toby drinks a soda beverage, which proves defective and injures him. one justification for holding soda strictly liable for the harm caused to toby is that
Soft drinks are manufactured and sold by Soda Bubbles Corporation. Talia purchases and consumes a Soda Bubbles beverage, which turns out to be defective and injures her. One reason for holding Soda Bubbles strictly liable for the harm caused to Talia by its defective product is that Soda Bubbles is profitable.
A product defect is any feature of a product that prevents it from being used for the purpose for which it was designed and manufactured. Product defects are most commonly encountered in legal contexts involving product safety, where the term refers to "anything that renders the product not reasonably safe."
A defective product is one that causes harm to a person as a result of a design flaw, a manufacturing flaw, or a marketing flaw.
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you are an investment advisor. your clients have been stuffing money into a a cookie jar to save for their child's college education, and is now bringing it to you to invest. they have $10091 dollars to invest and need to turn it into $23194 dollars in 8 years. they cannot make any more deposits. what rate of return do you need to find them to make sure they can afford to send their child to college? answer as a percent and to the nearest hundredth of a percent as in xx.xx % and enter without the percent sign.
The required rate of return is 16.23% for the investment
The principal amount invested for a child's college education= $10091
Required amount in future for education= $23194
Number of years for which amount is invested= 8 years
Interest earned in 8 years = 23194-10091 = $13103
Using the formula of simple interest, to find the rate of return:
Simple interest = P*R*T/100
where P = principal amount invested
R = rate of return
and T = time period for which the principal is invested
Substituting the values in the formula we get the following:
13103 = 10091*R*8/100
13103 = 807.28*R
R = 16.23%
So, the rate of return is 16.23%
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julie orzabal deposits $5000 in a savings account offering 5.125 percent compounded daily. assuming she makes no further deposits, what will be the balance in her account after 5 years?
The balance in her account after 5 years is calculated to be $6460.25 if she deposits $5000 in the saving account.
The balance in her account can be determined by using the formula of compound interest;
A = P[1 + (r/n)]^nt
Here A represents the final amount, P represents the initial balance, r represents the interest rate, n represents the number of times interest was applied per time period and t represents the number of time periods that have passed
As she deposited $5000 in the savings account offering 5.125% compounded daily, substituting these values in the equation as follows;
A = 5000 [1 + (0.05125/365)]^(5)(365)
A = 5000 [1 + (0.000140411)]^1825
A = 5000 (1.000140411)^1825
A = 5000 × 1.29205
A = $6460.25
Hence, the balance in her account will be $6460.25 after 5 years.
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Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. what's the best way for kendra to end her email to her manager? question 1 options: a.please review the memo for any spelling or grammatical errors. b.here's the memo i want to send clients today. c.please review the memo and let me know if you have any changes by 3 p.m. today. d.do you think this looks ok?
The BEST way for Kendra to end her email to her manager is option A: Please review the memo and let me know if you have any changes by 3 p.m. today.
What do you mean of review?A review is an opinion or analysis of something's quality. Review can also refer to going through a subject again as part of a study session or returning to something.
Note that when used as a noun and a verb, review has numerous additional meanings. A review is a critique of something, telling both its strengths as well as weaknesses.
Therefore, a book memo is an analysis of the book, or a review. A review, which is more than just a summary, presents an argument.
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ms. jackson borrowed $42,000 at 8.75% annual simple interest. if exactly 1 year later she was able to repay the loan without penalty, how much interest would she owe? group of answer choices
$3675
Interest is calculated as follows: $42,000 x 0.0875 x 1 = $3675
Interest due is the sum of money needed to cover a loan's interest expense for the specified time period. When a borrower obtains a loan from a bank, the loan is required to be repaid over time in a series of installments or monthly payments.
How is the interest you owe determined?Subtract the number of payments you'll be making that year from the interest rate. You would divide 0.06 by 12 to get 0.005 if you had a monthly payment schedule and an interest rate of 6%. To calculate the amount of interest you will be required to pay that month, multiply that amount by the outstanding loan balance.
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the owner of a variable life policy may allocate the premium into a sub-account which is owned by the insurer, this sub-account is a part of what is also known as the:
This sub account is a part of what is also known as separate account by allocating the premium into a sub account which is owned by the insurer.
What is a policy and what is a separate account and what sub account part is also know as separate account?A policy is basically a plan of action initiated by the government with set of protocols to be obeyed.A separate account is an investment portfolio owned by an investor and managed by investment firm.Here the question is asked about a sub account owned by insurer and this sub account is a part of which account.Hence a separate account is an investment account of which sub account is a part of.So the owner of a variable life policy may allocate the premium into a sub-account which is owned by the insurer, this sub-account is a part of what is also known as separate account.To know more about policy visit:
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Which of the following best describes a liability?
When assessing the impact of the ideal process, determine whether or not the ____________ has been met.
Process efficiency denotes an ideal (often the quickest or least expensive) approach to carry out procedures. On the other hand, successful process management entails following the appropriate procedures and attaining the intended outcomes.
Process efficiency: what is it?Essentially, "the amount of effort or input necessary to produce your business's product" is the definition of process efficiency.For instance, your process efficiency is appalling if it takes 300 workers to create a single pack of gum. Aside from that, you ought to quit making gum. However, if your company employs 300 people and produces 150,000 packs of gum every day, you most certainly run an effective firm.Production time divided by total process time equals the process overall efficiency. Let's imagine, for instance, that you're attempting to determine how effectively you make pizza. Measure the time it takes to produce the pizzas in relation to the overall process, including the time it takes to purchase the ingredients and transport them.To maintain organizational health, business process management must be effective. More than simply your bottom line is affected by your organization's decision to streamline business operations. It promotes the general health of your organization and gives your employees the freedom to produce their best work, which helps your business expand from the inside out.To Learn more About Process efficiency refer to:
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all raw materials purchases are made on credit. prepare journal entries to record the: 1. purchase of raw materials. 2. direct materials used. 3. indirect materials used.
The journal entry to record the purchase of raw materials is Debit Raw Materials Inventory $40,000, Accounts Payable $40,000, direct materials used is Debit Work-in-Process Inventory 17,000, Credit Raw Materials Inventory $17,000.
Preparation of the journal entries1. Purchase of raw materials
Debit Raw Materials Inventory $40,000
Accounts Payable $40,000
( To record raw material on credit)
2. Direct materials used
Debit Work-in-Process Inventory 17,000
Credit Raw Materials Inventory $17,000
( To record direct materials in production)
3. Indirect materials used.
Debit Factory overhead $22,000
Credit Raw material inventory $22,000
( To record indirect materials in production)
Therefore the entry to record the purchase of raw materials is: Debit Raw Materials Inventory $40,000, Accounts Payable $40,000.
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The complete question is:
Prepare journal entries to record the following production activities.
1. Purchased $40,000 of raw materials on credit.
2. Used $17,000 of direct materials in production.
3. Used $22,000 of indirect materials in production.
ased on the free cash flow valuation model, the value of weidner co.'s operations is $1,200 million. the company's balance sheet shows $80 million in accounts receivable, $60 million in inventory, and $100 million in short-term investments that are unrelated to operations. the balance sheet also shows $90 million in accounts payable, $120 million in notes payable, $300 million in long-term debt, $50 million in preferred stock, $180 million in retained earnings, and $800 million in total common equity. if weidner has 30 million shares of stock outstanding, what is the best estimate of the stock's price per share? a. $27.67 b. $30.43 c. $33.48 d. $24.90 e. $36.82
The best estimated stock price per share of free cash flow valuation model = $27.67
Free cash flow :
Free cash flows( FCF) from operations is the cash that a company has left over to pay back stakeholders similar as creditors and shareholders. Because Free cash flow represents a residual value, it can be used to help value pots.
Evaluation :
the value of Weidner Co.'s operations = $1,200 million
accounts receivable = $80 million
short-term investments = $100 million
accounts payable = $90 million
notes payable = $120 million
long-term debt = $300 million
preferred stock = $50 million
retained earnings = $180 million
total common equity = $800 million
shares of stock outstanding = 30 million
Now,
The total intrinsic value = value of operation + short-term investments
The total intrinsic value = $1200 million + $100 million
= $1300 million
Thus,
the total value of the equity = Total intrinsic value - Debt - preferred stocks - notes payable
The total value of the equity = $1300 million - $300 million - $50 million - $120 million
= $830 million
therefore,
the stock's price per share = Total value of equity ÷ Total outstanding stock
= 830 million ÷ 30 million
= $27.67.
Hence , the stock price per share = $ 27.67
Stock price :The market price per share of stock, or the" share price," is the most recently price that a stock has traded for. It's a function of request forces, being when the price a buyer is willing to pay for a stock meets the price a dealer is willing to accept for a stock.
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a monopolistic competitor will engage in advertising in order to: a reduce excess capacity. b collude more effectively with other firms. c decrease marginal costs of production. d increase demand for its product. e produce on the upward-sloping portion of its atc curve.
A monopolistic competitor will engage in advertising in order to d) increase demand for its product.
A monopoly is the type of imperfect competition wherein a dealer or manufacturer captures the majority of the market percentage because of the lack of substitutes or competitors. A monopolistic opposition is a sort of imperfect opposition in which many sellers try to capture the market percentage by way of differentiating their merchandise.
Monopolistic markets are markets where a certain service or product is offered by means of only one enterprise. A monopolistic market shape has the features of a natural monopoly, in which a single agency fully controls the market and determines the supply and charge of a services or products.
Antitrust legal guidelines ensured that those trusts had been dissolved to promote wholesome competition. From a felony angle, is not an excellent monopoly in any of its commercial enterprise gadgets. There are competition for the whole lot from browsers and smartphones to virtual advertising and marketing structures.
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market modification strategies include finding new customers, increasing product , and creating a new use situations. multiple choice question. use modifications awareness advertising
(a) Use
What are market modification strategies?
Market modification - this includes entering new market segments, redefining target markets, winning over competitor's customers, converting non-users. product modification.
For example, adjusting or improving your product's features, quality, pricing and differentiating it from other products in the marking.
What are the types of market strategies?
Types Of Marketing Strategies are:
Market Penetration Strategy.Market Development Strategy.Product Development Strategy.Diversification Strategy.To learn more about Marketing Strategies from the given link
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1. burton electronics produces radios, computers, and navigation systems. although all high level decisions are made at company headquarters by top management, rapid expansion and increasingly specialized products have caused the company to consider decentralizing into three divisions (i.e., radios division, computers division, and navs division). each division manager would be responsible for costs, revenues, and investments in assets. a) how should the company classify the three divisions, as cost centers, profit centers, or investment centers? explain. (10.2) b) what are the potential advantages of decentralizing? (10.1) c) what are the potential disadvantages of decentralizing? (10.1)
All three centres will be in charge of cost and revenue management. A profit centre is a division that is in charge of managing both costs and revenues. It is the investment centre because all high-level decisions are made at headquarters.
What is revenue?
Revenue is the money earned through routine business operations and is calculated by multiplying the average sales price by the number of units sold. Net income is calculated by subtracting costs from the top line (or gross income). On the income statement, revenue is also referred as sales. Revenue is the money generated into a firm by its operations. Depending on the accounting method used, there are various methods for calculating revenue. Accrual accounting will treat credit sales as revenue for products or services given to the customer. Revenue is recognised even if compensation has not yet received under certain rules.
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how was the invention of the printing press disruptive to previous norms? for example: information creators, control of information, information consumers, etc.
In the 15th century, people were able to share knowledge more quickly and widely thanks to an invention. Civilization has never wavered.
The saying goes that knowledge is power, and the mechanical movable type printing press made it easier and faster to spread knowledge.
How was information altered by the printing press?The unprecedented dissemination of ideas and information was made possible by the mass production of printed materials. Because it gave people access to new information, it is one of history's most significant inventions.
How did the printing press contribute to the dissemination of information and news?Newspapers were published and public debates took place as printing spread. The reformers and leaders were able to easily spread their ideas. Novelists and poets could also write about and convey their emotions, which could now reach a wider audience.
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during 2024, the balboa software company incurred development costs of $2,000,000 related to a new software project. of this amount, $400,000 was incurred after technological feasibility was achieved. the project was completed in the middle of the year and the product was available for release to customers on july 1. revenues from the sale of the new software in 2024 were $500,000 and the company anticipated future additional revenues of $4,500,000. the economic life of the software is estimated at four years. what amount of the software development costs would be capitalized in 2024 (ignore amortization)?
The cost of developing the software would be capitalized in 2024 to the tune of $400,000.
How does technological feasibility work?Technology feasibility and cost analysis are used to evaluate a process or technology's potential economic viability and to determine which technologies have the best chance of being successful commercially. Plans for developing a balanced portfolio and validating new technologies can benefit from the findings of technology feasibility analysis efforts.
A technology's economic viability is evaluated by comparing its implementation costs for a specific process to the costs associated with existing technology. These analyses are therefore helpful in identifying the projects with the best chances of success in the short, medium, and long terms.
Calculation:
Cost of development: $2,000,000
$40000 was spent after technological feasibility was attained.
Now,
The expenses for creating software that would be capitalized in 20X1
= Cost incurred after technological feasibility is attained
= $400,000
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internal growth rate last year umbrellas unlimited corporation had an roa of 9.6% and a dividend payout ratio of 50.4%. what is the internal growth rate? multiple choice 2.13% 1% 92.16% 5%
The internal growth rate is 5%. IGR is calculated as the Net Income rate Retained Earnings and the Net Income Total Assets. The Retention Ratio ROA = IGR .
The highest rate of growth Income a company can experience without outside funding is known as its internal growth rate (IGR). The sales growth rate that can be supported without external finance is referred to as the internal growth rate. The internal growth rate is significant because it gauges a company's capacity to boost sales and profits without issuing new stock or taking on additional debt, which is particularly crucial for start-ups and smaller enterprises.
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the economy is in an expansion and the housing market is growing. as a result of this, a home builder doubles his sales force. this would be best described as an example of a reduction in
The economy is in an expansion and the housing market is growing. as a result of this, a home builder doubles his sales force. This would be best described as an example of a reduction in Cyclical unemployment
What is cyclical unemployment?Cyclic unemployment is a component of total unemployment that directly results from cycles of economic booms and busts. Unemployment rates typically rise during recessions and fall during expansions. An example of cyclical unemployment is the layoff of construction workers during the Great Recession that followed the 2008 financial crisis. Unemployment can be classified as frictional unemployment, cyclical unemployment, structural unemployment, and institutional unemployment. On the other hand, cyclical unemployment increases during recessions as consumer demand for goods and services declines. Therefore, fewer workers are required, leading to layoffs.To learn more about cyclical unemployment from the given link :
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full-service supplier firms have the ability to define the problem, specify the research design, collect and analyze the data, and prepare the report. true false
Since the full-service supplier also prepares the final report, this statement is false.Therefore, it is false.
Because they are major reasons why research might not be necessary, all of the statements are accurate.The third statement is a classic example of resources being wasted for no apparent reason. If the information is already available, there is no point in conducting research; if the market is anticipated to be down, there is no point in wasting resources behind a product that will not be useful.
What is a complete service provider?The type of supplier known as a "full-service supplier" is one that is capable of offering a variety of activities and services to their clients, such as design access, testing, development and research, and supplier engineering.
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the following information is available: units in process, dec. 1 (60 percent converted)2,200units units in process, dec. 31 (30 percent converted)1,100units units started during the month8,250units materials are added at the beginning of the process. how many equivalent units in process for conversion were there in december using the weighted average method
The equivalent units in process of conversion are equal to 8580 units.
The process of converting raw materials into finished goods involves many steps and there should be a proper check on the manufacturing process. There should be a keep on the units available, the units used, and the units left. According to the question,
beginning work in process units = 2200
units started in process = 8250 units and
total units to account for = 2200 + 8250 = 10450 units.
Now, the equivalent units can be calculated as
Units completed is given by 8250 units which are 100% completed that is
(100/100) × 8250 = 8250 units.
Ending work in process is 1100 units which are 30% completed that is
(30/100) × 1100 = 330 units.
Now, the total equivalent units will be
8250 + 330 = 8580 units
Only 8580 units are equivalent units from 10450 available units.
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The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that?.
The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that the estimated amount of the receivables that are not collected is the same as the adjusted balance.
The write-off item must be reversed and the payment must be recorded when you receive money that you wrote off as uncollectable. Reverse the write-off entry by lowering the allowances for doubtful accounts account with a credit and raising the accounts receivable account with a debit. Due to the fact that an allowance for doubtful accounts affects the value of an asset, in this example, the accounts receivable, it is referred to as a "counter asset." The allowance, also known as a bad debt reserve, reflects management's best guess as to how much of the accounts receivable are likely to be unpaid by clients.
In accordance with the allowance method, a business makes an adjusting entry at the conclusion of each accounting period for the sum of the losses it expects to incur as a result of giving its clients credit.
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according to the market orientation, profits can be obtained through multiple choice persuading customers that they need certain goods. dismissing customer relationship management. personal selling and advertising. mass producing goods for customers. acquiring new customers.
According to the market orientation, profits can be obtained by persuading customers that they need certain goods.
Market-oriented perspectives include decision-making perspectives, market information perspectives, cultural behavioral perspectives, strategic perspectives, and customer-centric perspectives.
Market Orientation is strategically focused on identifying the consumer needs and desires that define the new products being developed. Established companies such as Amazon and Coca-Cola use market-oriented principles to improve or expand their products and services.
Market orientation increases customer satisfaction and loyalty. Attention to customers increases loyalty and leads to repeat purchases. Brand loyalty creates a customer base that resists attempts by competitors to steal customers by offering low prices or special referral incentives.
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