The rate of interest that Jones must earn to arrange the complete amount is 12%.
What is interest?Interest is the sum that is paid by a borrower or deposit-taking financial institution to a lender or depositor at a specified rate over and above the principal amount (the amount borrowed) in the domains of finance and economics. In contrast to profit, interest is paid to a lender, whereas profit is paid to the owner of an asset, investment, or company. The rate of interest is calculated as the total interest paid or received over a given time period divided by the total principal borrowed or lent. When compound interest is used, interest is accumulated on both the principal and any previous interest. The mathematical investigation of this phenomena created the number e, which represents the exponential growth of debt as a whole.
We will find Net present Value at the two random rates to find rate of return.
n = 8
r = 10%
{eq}Net \ Present \ Value = -Initial \ Cash \ Outlay
Rate of interest= 12%
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role _______ is experienced when individuals have inadequate information concerning their roles.
Role ambiguity is experienced when individuals have inadequate information concerning their roles.
What is Role Ambiguity?Role ambiguity is a condition in which an employee does not get clear information about the responsibilities and tasks he has to do. Therefore, the employee does not understand adequately what his job actually is. Role ambiguity that occurs in a company can have a negative impact because it reduces the level of productivity of these employees. Therefore, to prevent this from happening, the company must ensure that the manager who is the superior of each division must be able to clearly inform the responsibilities and duties.
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What are 3 methods of saving?
Three methods of savings are a deposit account, a pension account, an investment fund, or as cash.
What is an investment fund ?
The advantages of a savings account and those of investing are combined in the investment fund account. Compared to a savings account, investment funds give you the chance to profit from increased long-term earnings potential and to share in the expansion of the financial market.
What is a pension account?
,Pension account pool a sizable amount of wealth for profit-making investments in the stock and bond markets. A pension account represents an institutional investor and makes substantial investments in both public and private businesses.
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Which one of the following is not a primary component of an internal control system?
a. Information and communication
b. Monitoring
c. Financial pressure
d. Control environment
e. Risk assessment
Financial pressure is not a primary component of an internal control system. The primary components of an internal control system are:
Components of an Internal Control SystemControl environment sets the tone of an organization and provides discipline and structure. It sets the basis for how risk is assessed and how internal controls are developed and implemented. Risk assessment is the process of identifying potential risks to the organization and assessing their impact. Control activities are the policies and procedures put in place to reduce the risk of errors and fraud. Information and communication provide the necessary information to ensure that internal control activities are functioning properly and to allow timely corrective action when necessary. Monitoring is the process of evaluating the effectiveness of the internal control system over time and making changes when needed.Learn more about Finance: https://brainly.com/question/26011426
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All of the following are signs of Chick-fil-A’s organizational values except itsfinancial contributions.
a. company’s stated purpose.
b. statements of principles.
c. store logo.
d. store hours.
All of the following are signs of Chick-fil-A’s organizational values except store logo its financial contributions.
Chick-fil-A is the Cathy family business, passed on from the founder S. Truett Cathy to his two sons, Dan and Bubba Cathy. Currently, Dan is the chairman, Andrew Cathy (the son of Dan Cathy) is the CEO, and Bubba remains the government vice president.
How does Chick-fil-A carry its corporate values?It's through teamwork and collaboration that we do our great work. We're an inclusive tradition that leverages the strengths of our numerous talent to innovate and maximize our care for Operators, their Team Members and customers.
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When the new market (A) has not been a part of the colonizer/colony network, the administrative distance between the foreign and domestic markets is likely to be greater.
Several steps are taken by a nation to safeguard its local industry. If a domestic industry is a large employer, is viewed as a source of national pride, is crucial to national security, produces essential goods and services, uses national resources, or has considerable sunk costs, a government will take greater care to protect it.
The inadequate legal system in the target nation is the last obstacle to cross-border trade. Companies avoid doing business in nations where there has been a history of societal unrest or corruption.
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what role does a trade-in allowance on old equipment play in a decision to retain or replace equipment? question 9 options: it is relevant since it reduces the cost of the new equipment it is relevant since it increases the cost of the new equipment it is not relevant to the decision since it does not impact the cost of the new equipment it is not relevant since it reduces the cost of the old equipment
A trade-in allowance is relevant since it reduces the cost of the new equipment and helps in decide to retain or replace an equipment.
What is a trade-in allowance?A trade-in allowance is a decrease in the trade value or sale price of an asset that the seller is offering for sale in return for an asset that the buyer already owns. It is the value that is less than what was paid to exchange an old asset for a new one at market value.
One of the most popular methods for promoting sales in the mobile phone and auto industries is the trade-in allowance. Regarding the fixing of the trade-in allowance, there are no explicit regulations. The seller may set the allowance based on the condition of the asset being exchanged or on other considerations, such as the removal of an outdated model from the market or the demonstration of strong demand for a more recent model.
Therefore, trade-in allowance reduces the cost of the new equipment.
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How does increasing the size of your down payment impact your auto loan?
Down payments and auto loans have an inverse relationship, and making a larger down payment will help you pay off your loan more quickly.
Define down paymentA down payment is the sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. Hence, the buyer will frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
A down payment is the first, upfront portion of the cost for the acquisition of expensive goods or services, such a car or a home. At the moment the transaction is completed, it is often paid in cash or an equivalent. The remaining cost of the project will then need to be financed through a loan of some kind.
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Topcatch fishing boats had product sales for the current year as follows: q1 4,000 boats; q2 4,800 boats; q3 3,600 boats; q4 2,400 boats. Current selling price is $5,000 per boat. A strong economy and specific market initiatives at titan for next year indicate that sales volume is expected to increase by 4% in each quarter and sales price will increase by 6% per boat. The sales volume forecast for q2 next year would be:.
Topcatch fishing boats will have sales volume forecast of $26,457,600 for next year Q2.
From the case, we know that Topcatch fishing boats' product sales of the year are:
Q1 = 4,000
Q2 = 4,800
Q3 = 3,600
Q4 = 2,400
P = $5,000 per boat
The company is expecting sales volume increase of 4% for the next year in each quarter. The selling price will also increase by 6% per boat. The forecasted selling price and product sales for Q2 next year are:
Q2' = Q2(1+4%)
Q2' = 4,800 (1+4%)
Q2' = 4,992 units
P' = P(1+6%)
P' = $5,000 (1+6%)
P' = $5,300 per boat
The sales volume forecast for Q2 next year would be:
TR = PxQ
TR(Q2)' = P'xQ2'
TR' = $5,300 x 4,992
TR' = 26,457,600
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A loss on impairment of an intangible asset is the difference between the asset’s?
D) the carrying amount and its fair value, is the correct response.
An important step in properly accounting for an intangible asset is testing for impairment. Goodwill and some intangible assets are exempt from the requirement for an annual impairment test.
When an asset's carrying amount exceeds its recoverable amount, this is called an impairment loss. Between the useable value and the fair value less the cost to sell, the recoverable amount is higher. The present value of the anticipated cash flows over a predetermined time period is the value in use. The amount that is anticipated to be received by selling the asset is the fair value less the cost to sell, which is determined by the cost of making the sale happen.
What signs of impairment are there?decrease in market valuenegative shifts in the economy, technology, markets, or laws.escalating interest rates in the market.The company's net assets are greater than its market capitalization.To learn more about Testing for Impairment here
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Full Question = A loss on impairment of an intangible asset is the difference between the asset's:
a. carrying amount and the expected future net cash flows.
b. fair value and the expected future net cash flows.
c. book value and its fair value.
d. carrying amount and its fair value.
if the owner of goods entrusts proof of ownership to someone in possession of the goods, the goods can be recovered by the true owner from an innocent purchaser. true false
True, If the owner of goods entrusts proof of ownership to someone in possession of the goods, the goods can be recovered by the true owner from an innocent purchaser
What does Purchaser mean?
A purchaser is a person or organization that buys goods or services for their own use or for resale. It is also used to describe someone who makes a transaction or an agreement to buy something.
What does Transction mean?
A transaction is an agreement to exchange goods, services, or financial instruments between two or more parties. It is a fundamental concept in economics, business, accounting, and financial markets. Accounting systems can be used to record and track transactions involving the transfer of ownership from one party to another.
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during the years ended june 30, 2023 and 2024, main university, a private university, conducted a cancer research project financed by a $1,000,000 gift from an alumnus. the entire amount was pledged by the donor on july 10, 2022. the gift was restricted to the financing of this particular research project. during the two-year research period, main's gift receipts from the alumnus and research expenses related to the research project were as follows for each fiscal year (fy): fy 2023 fy 2024 gift receipts $ 200,000 $ 800,000 cancer research expenses $ 100,000 $ 900,000 what amount of net assets was released from restriction in 2023?
During the years ended June 30, 2017 and 2018, Jackson University, a private university, conducted a cancer research project financed by a $100,000.
How do I figure out what year it is fiscally?The twelve consecutive months from January 1 to December 31 make up a calendar year. a 12-month period, save December, that is known as a fiscal year.
For a firm, what is a fiscal year?An organization's fiscal year, which consists of 12 months, is what it utilizes to track its yearly financial performance. Typically, the fiscal year begins on January 1, April 1, July 1, or October 1. It starts at the beginning of each quarter. At the conclusion of a quarter, the fiscal year ends.
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a firm has 5 million shares outstanding with a market price of $25 per share. the firm has $15 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. what is the firm's value of operations after the repurchase? enter your answer in millions. for example, an answer of $1 million should be entered as 1, not 1,000,000. round your answer to the nearest whole number.
By multiplying the business's price-earnings a couple of via the business's salary per share for the year, you can arrive at a per-share charge for the first-rate stock.
Multiply that amount by the wide variety of fantastic shares to decide the cost of the corporation.
What is the complete fee of company?Enterprise fee (EV) measures a company's whole value, often used as a extra comprehensive choice to fairness market capitalization. Enterprise cost consists of in its calculation the market capitalization of a employer but also short-term and long-term debt and any money on the company's stability sheet.
Why is corporate value important?Company values are the leading ideas of an enterprise that replicate the organization's company and culture. They decide an organization's internal and exterior standards, which is represented in the way of life and approach. These beliefs are the binding aspect between the enterprise and its employees.
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A loan or mortgage is a form of credit that is extended to a borrower by a lender, such as a bank or financial institution, to purchase a home or other real estate property.
A loan or mortgage can be secured or unsecured. A secured loan is one in which the borrower provides a form of collateral, such as a house or car, to the lender to secure the loan. With a secured loan, the lender has the right to seize the collateral if the borrower fails to make the payments.
An unsecured loan is one in which the borrower does not provide any collateral to the lender, and the lender does not have the right to seize any property if the borrower defaults.
Mortgages are a type of loan that is typically used to purchase a home. The borrower agrees to pay the lender a certain amount of money each month, which includes both principal and interest. The lender holds the deed to the home until the loan is paid off in full.
Mortgages can be either fixed-rate or adjustable-rate. Fixed-rate mortgages have a fixed interest rate for the life of the loan, while adjustable-rate mortgages have an interest rate that can fluctuate over time.
In conclusion, loans and mortgages are common ways for people to finance real estate purchases, and they can offer several advantages. However, they also come with risks, such as the risk of foreclosure if the borrower defaults on their loan. It is important to understand the terms of a loan or mortgage before taking one out.
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While virtually all time series exhibit a __________________, not all time series exhibit other components.
While virtually all-time series exhibit a random component, not all time series exhibit other components.
Time series data is data collected over time, but there are different types of data that indicate when and how that time series data was recorded. For example, Time series data is data recorded at consistent time intervals. Cross-sectional data consist of multiple variables recorded simultaneously.
Seasonal trends are components of time series that produce short-term fluctuations. Seasonal trends are short-term movements that occur in data due to seasonal factors. In a year the period of vibration of this component can occur more than once.
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Tammy’s home cost her $184,000. she lives in an area with a lively real estate market, and her home increases in value by 3.5% every year. if tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars?
a. $8,500
b. $87,800
c. $83,700
d. $103,800 please select the best answer from the choices provided a b c d
If Tammy sell her house at the future value 13 years later, she will gain profit of $103,800 (D).
Future value is the value of acurrent asset based on an assume rate of growth in the future. Future value is crucial in deciding how much an investment made today will be worthy in the future.
Future value can help an investor to estimate his future profit from an investment he made in the current time. An investor will gain profit if the future value of his investment is higher than its present value.
Future value can be calculated based on the present value of an asset. Future value can be fomulated as:
FV = PV (1+r)ⁿ
where:
PV = present value of an asset
r = the estimated gworth rate
n = number of years
From the case, we know that the present value of Tammy's is $184,000 and the expected growht rate is 3.5%. Hence, we could summarized that:
PV = $184.000
r = 3.5%
n = 13 years
Hence, the future value of Tammy's house is:
FV = PV (1+r)ⁿ
FV = $184,000 (1+3.5%)¹³
FV = $287,767
The profit Tammy could make if she sell her house after 13 years is:
π = FV - PV
π = $287,767 - $183,000
π = $103,767
π ≈$103,800
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Explain why it (information technology) has become a vital part of all businesses?.
Information technology has become a vital part of all companies as they are indispensable tools for the administration and management of data, which allows to have an order and control of all the tasks that are performed every day.
Information technology is of great benefit to any company since it allows you to save work thanks to the automation of processes which allows an improvement in the administrative area and its service is more efficient.
What is information technology?They are tools which help society (people and companies) to have a better development and growth relating effectively.
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in this type of agile contract, if the product owner attends every meeting when requested, then the product owner can pivot at the end of an increment and ask the team to do different work. a. graduated fixed price b. fixed-price work packages c. change for free d. money for nothing
In this type of agile contract, if the product owner attends every meeting when requested, then the product owner can pivot at the end of an increment and ask the team to do different work. This represents fixed-price work packages. So option b. is correct.
Such levels of flexibility required for agile projects should reflect in the type of contracting option chosen. One agile contracting option is the "Fixed-Price Work Packages". In this type of contract, as each work package gets completed, the contractor can re-estimate the remaining work packages in the SOW, based on the latest information and risks.
This gives the contractor and the customer a realistic estimate of the costs and risks involved in the upcoming work packages and an opportunity to reprioritize the backlog or to decide whether to continue with the rest of the project.
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Colton recently received the “Ethical Behavior” award at his company’s quarterly employee awards ceremony. Based on this award, how could Colton’s behavior BEST be described?
a. Always putting the business first when interacting with customers
b. Using actions that conform to beliefs and norms about what is right and good
c. Regularly persuading people to act in ways that go against their personal values
d. Regularly disregarding the legal parameters surrounding his business dealings
Since Colton received the ethical award, we can say that Colton’s behavior BEST be described as: Using actions that conform to beliefs and norms about what is right and good in the workplace. Option B.
What is meant by ethical behavior?Honesty, fairness, and equity in interpersonal, professional, and academic relationships as well as in research and scholarly pursuits are characteristics of ethical behavior. The rights, variety, and dignity of both individuals and groups of people are respected through ethical behavior.
Following corporate policies, communicating effectively, accepting responsibility, being accountable, being professional, and having faith in and respect for your coworkers at work are all examples of ethical workplace behavior. These illustrations of moral behavior guarantee the highest level of output at the workplace.
In order to tell the truth, maintain our word, or assist a stranger in need, we must follow ethical principles. Everyday decisions we make are guided by an ethical framework that helps us avoid unjust results and helps us make decisions that have good effects on the world.
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what monetary policy would intend to hold down inflation? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a reduce interest rates to increase investment spending b decrease the money supply to shift the aggregate demand curve leftward c decrease the money supply to shift the aggregate supply curve leftward d reduce the interest paid on banks' reserves.
Keep in mind that the objective of contractionary monetary policy is not to halt but rather to slow the rate of demand for goods and services.
As a result, the dual mandate's price stability component can be restored to the economy by raising interest rates through contractionary policy.
To boost inflation, what kind of monetary policy would be implemented?
Inflation Targeting: Central banks tighten monetary policy by raising interest rates or adopting other hawkish measures if prices rise faster than their target. Higher loan costs make getting more costly, diminishing both utilization and venture, the two of which depend intensely using a credit card.
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division a of company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $150,000. what is the return on investment for division a? a.9.3% b.74.6% c.4.6% d.99.3%
Investment turnover is a metric for how effectively a firm uses the capital that has been put in it to produce income. The correct option is 9.3% . return on investment.
Net income Equals Return on Investments where Net Income is equal to Sales - Variable Cost - Fixed Cost, or $100,000 - $60,000 - $40,000, equals $0.Thus, the ROI is calculated as follows: $0 x $150,000 = 0% A 25% return on investment is necessary. Consequently, since the new project has a 0% return on investment, it should not be approved When calculating investment turnover, use = Net sales. Invested resources As a result, sales equal $140,000. Investments equal $150,000. Investment turnover is equal to 140 * 150. Turnover on investments is 0.93.
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the income statement columns of the end-of-period spreadsheet show that debits total $29,037 and credits total $65,479. what does this information mean to the accountant?
This information to the accountant means that $36,442 is the net income of the company.
What is an income statement?An income statement is a financial statement that provides a summary of a company's revenues and expenses over a given period. It is used to measure a company's financial performance and gives investors a clear insight into how profitable the company is and how it has been managing its expenses. The income statement is an important financial document that provides an overview of a company's financial performance and reports on the company's net income or loss over some time.
This information tells the accountant that the company has a net income of $36,442 ($65,479 - $29,037). This means that the company has earned more than it has spent during the period covered by the spreadsheet. This information is also useful for helping to calculate the company's return on assets, equity, and other financial performance metrics.
It can be concluded that his information to the accountant means that $36,442 is the net income of the company.
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question content area expenditures that add to the utility of fixed assets for more than one accounting period are a.revenue expenditures b.capital expenditures cmitted expenditures d.utility expenditures
The correct answer is option B. The expenditures that add to the utility of fixed assets for more than one accounting period are capital expenditures.
The expenditure of a term may be of two types namely, capital and revenue expenditures.
Capital expenditure is the money used by a company to buy, upgrade and maintain different types of physical assets such as property, plants, furniture, buildings, vehicles, lands, technology, and other stuff.
Capital expenditures are further divided into 3 categories: Expenses incurred to reduce costs. Expenses incurred to increase earnings. Expenses incurred on non-economic grounds.
Capital expenditures are the investments that companies make to grow or maintain their business operations at a faster rate. Unlike operating expenses, which change consistently from one year to the next, capital expenditures are less predictable.
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What happens if there is an increase in the budget deficit?
What happens if the budget deficit increases is that there is an imbalance in public finances, in addition to the loss of international competitiveness.
What is a budget deficit?It is a negative situation in which a country's expenditures exceed its financial income, which brings with it a series of negative consequences that directly affect the economy.
The budget deficit mainly generates inflation that affects consumers, which is why the purchasing power of people is reduced to less money as it implies the increase of prices in goods or services which generates a loss in the value of money.
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if a monopoly can produce a good at zero marginal cost, then its lerner index is a) infinity. b) one. c) zero. d) undetermined.
The correct answer is: b. one.If L is0, the market is perfectly competitive, and the profit margin is low.
A Lerner index of 0 means what? When there is no change in revenue, the revenue is maximized.When Q = 12 units, the quantity at which marginal revenue is zero, is reached, something happens.Production at the point where marginal revenue and marginal cost are equal maximizes profit for monopolies.The quantity where marginal revenue equals zero is where revenue is maximized.Monopoly power, also known as market power, is measured by economists using the Lerner Index.The index measures the price's markup as a percentage of marginal cost.The Lerner Index shows an increase in market power and is positive (L0). The Lerner index will therefore always be between 0 and 1: the closer it is to 0, the closer it is to perfect competition; the closer it is to 1, the greater the seller's market power and, consequently, the closer it is to a monopoly.To learn more about Lerner index refer
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the attractiveness of a country as a potential market should be assessed by balancing what three items associated with doing business in that country? multiple select question. costs climate risks benefits geography
The attractiveness of a country as a potential market should be assessed by balancing three items associated with doing business in that country: risks.
A business is defined as an employer or enterprising entity engaged in industrial, business, or professional activities. companies can be for-earnings entities or non-income corporations. enterprise types range from restricted liability groups to sole proprietorships, businesses, and partnerships.
The maximum common varieties of business are sole proprietorship, partnership, company, and S organization. The fundamentals of business are the primary steps you should take in order to achieve success. studying your customers and knowing their wishes and expectations will let you create a sustainable enterprise but you ought to first begin with the primary enterprise competencies required.
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the growth of american-style extra-urban suburbs was linked to: a. development of refrigeration systems. b. allof these. c. introduction of centralized electrical power distribution. d. invention of automobiles powered by the internal combustion engine. e. development of the petroleum industry.
According to the given information, All the above statements were linked to the growth of American-style extra-urban suburbs.
The growth of American-style extra-urban suburbs was linked to development of refrigeration systems, introduction of centralized electrical power distribution, invention of automobiles powered by the internal combustion engine and development of the petroleum industry.
One of the most significant aspects of living in America in the 20th century was the growth of suburbs, or residential neighborhoods on the outskirts of cities. The suburbs gave Americans a completely new framework for arranging their social lives and cultural practices, going much beyond how they arranged their housing and environment. As a result, "suburbia"—a phrase that refers to both a physical location and frequently also a cultural and social mindset—became a phenomenon. The growth of suburbia in the nineteenth and twentieth centuries had a significant part in the formation of American culture, expanding long-held American ideals of individualism and the agrarian lifestyle in novel ways while also reshaping the country's physical and social landscape.
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a property recently sold for $265,000 and land value was estimated to be $50,000. the cost new of the improvements today would be $362,000. the improvements are 22 years old. what is the present depreciated cost of the improvements?
If a property sold for $265,000 and land value was estimated to be $50,000. the cost new of the improvements today would be $362,000, the improvements are 22 years old then the present depreciated cost of the improvements will be 41% .
Depreciated cost is the value of a fixed asset less than all of the accumulated depreciation that has been recorded against it.
The value of an asset after its helpful life is finished is measured by the depreciated cost.
The depreciated cost assists companies with assessing their capital ways of managing money as well as their accounting system.
The depreciated cost is also known as the "salvage value," "net book value," or "adjusted cost basis."
The Formula for Depreciated Cost
Depreciated Cost=Purchase Cost (or Cost Basis)−CD
where:
CD=Cumulative Depreciation
The depreciated cost strategy always allows for accounting records to show an asset at its ongoing value as the value of the asset is constantly decreased by calculating the depreciation cost.
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The key is that a marketer researches and thinks through all the elements in the marketing plan, _____ the market plan for each individual product.
The key is that a marketer researches and thinks through all the elements in the marketing plan, customizing the market plan for each individual product. Therefore, the option D holds true.
A marketing plan can be referred to or considered as the plan that relates to the development of marketing strategies, which are primarily directed towards driving the sales forces within the organization. Each marketing plan must involve a sense of customization to duly fulfill the needs of the product for which the plan is being created.
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Complete question.
The key that a marketer researches and thinks through all the elements in the marketing plan, _____ the market plan for each individual product.
Circumventing
Ordering
Applying
Customizing
________Measured by the project's impact on uncertainty regarding the firm's future returns
Corporate, or within-firm risk is Measured by the project's impact on uncertainty regarding the firm's future returns.
What does Corporate mean?
A corporate business or organization is one that is owned by shareholders, with each shareholder owning a portion of the company. A corporation is typically larger than a sole proprietorship or partnership and has a more complicated legal structure. Corporate entities can provide a variety of products and services and operate in a variety of industries.
What does Services mean?
Services is a broad term used to refer to any action or task performed for another person or entity. Services can range from professional services such as accounting and consulting to personal services such as housekeeping and pet-sitting.
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A sudden storm threatens the property of Marina Bay LLC. Ngoc, Marina Bay’s sales agent, is on site, but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. Unable to communicate with Marina Bay, Ngoc a. has emergency powers to deal with the situation. b. must await the principal’s express ratification to act. c. can imply a power of attorney to assume the needed authority.
According to question, Ngoc has emergency powers to deal with the situation.
A contract made via an agent running within the scope in their strength is vulnerable to a third birthday party if the disclosed precept is understood. usually talking, a important who has an agent who commits a tort whilst performing inside the course in their job is not accountable to harmed events.
If an agent doesn't fulfill their responsibilities, they might be held chargeable for settlement breaches. because there's no settlement, a gratuitous agent can't be held chargeable for breach of it; as an alternative, they may be most effective held answerable for torts. A precept can be averted from disputing an agent's energy to act if they have given a 3rd celebration purpose to believe they do.
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