A new project will require an initial investment of $250,000. Using the company’s required rate of return of 13 percent, the project's NPV is $900. Should the project be accepted? Why or why not?
Yes; It will earn an annual return of 13 percent.
Yes; It will earn $900.
Yes; It will earn an annual return of 13 percent, plus an additional $900 in present value dollars.
No; It will earn only $900.
No; It will earn a return of only .4 percent.
Answers
The project should be accepted because it has a positive Net Present Value (NPV) of $900. This indicates that the project is expected to generate a return above the company's required rate of return of 13 percent, making it a worthwhile investment.
The project's NPV is positive, indicating that it will generate more cash inflows than outflows and will add value to the company. The required rate of return is 13 percent, which means that the project will earn at least this rate of return. Additionally, the project will generate an additional $900 in present-value dollars, which will further increase its profitability. Therefore, the project should be accepted as it meets the company's investment criteria and will generate positive returns.
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Related Questions
Identify a recent business trend that could be contributing to the increased number of collusive frauds.
a. Increasing frequency of supplier alliances, and closer relationships between buyers and suppliers.
b. Reducing costs and product quality by using same suppliers.
c. Increased competition amongst suppliers.
d. Advances in technology that simplify the process of conducting business.
Answers
Supplier alliances are occurring more frequently, and suppliers and customers are getting to know one another better.
Fraud Collusion Dangers.
The standard acknowledges the dangers of collusion as well as the increased risk for the auditor in expressing an incorrect opinion, or "audit failure."
The issues with asset misappropriation and financial statement misstatement are brought up by the amended standard for auditors to consider.
Employees, suppliers, customers, and other parties must enlist the help of their co-conspirators in the first type of fraud, or at the very least work together to plan it. This is not a simple task, as it will be discussed below; in an asset theft scheme, coordination and recruitment demand a certain level of risk from the participants.
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Verizon offers to buy a laser printer with a case of paper and an extra cartridge from Office Depot for $200. In response to the offer, Pam, Office Depot's representative says "okay, but no paper and no extra cartridge." Pam has a. rejected the offer and made a counteroffer. b. made a counteroffer without rejecting the offer. c. accepted the offer. d. rejected the offer without making a counteroffer. e. formed a valid but unenforceable contract.
Answers
Answer:
a. rejected the offer and made a counteroffer.
Explanation:
Counteroffers are mostly prevalent in business negotiations. A counteroffer is an indication that the initial price or condition presented by the offeror was rejected and a new offer is made by the other party. The contract becomes valid when the counteroffer is accepted by the second party.
In the negotiations between Verizon and Office Depot, an initial offer of a laser printer with a case of paper and an extra cartridge, all for $200 was made by Verizon to Office Depot. Office Depot made a counteroffer, which indicates that the initial offer was rejected. In their counteroffer, they only agreed on a laser printer, without paper and an extra cartridge.
how much profit does a store owner make on a bar of chocolate?
Answers
Answer:
Explanation:
The large volume companies have a lower profit margin of around 8 to 10%, while boutique chocolatiers can enjoy margins between 55 to 75%. Your total profit for a year will depend entirely on the volume and type of product you produce and sell.
Universal Containers sells through many different reseller networks. Each reseller's deals are tracked on separate opportunities. The sales manager is concerned that the pipeline report is not accurate due to multiple opportunities for the same end customer. How should the sales process be modified to ensure opportunities are not double-counted in the pipeline
Answers
Answer: change the forecast category to omitted on the duplicate opportunities
Explanation:
The sales process should be modified to ensure opportunities are not double-counted in the pipeline by changing the forecast category to omitted on the duplicate opportunities.
When this is done, the multiple opportunities for the same end customer will be curtailed and hence, there'll be accuracy with regards to the pipeline report.
Your company wants to create a customer facing website. Analysts estimate it will take about 300 effective hours on the back end systems, and about 250 effective hours on the front end systems. Your company doesn't have the expertise to develop the website in-house, so the services must be hired out. This project has been allotted $25,000 budget. Three developers have offered their services at varying rates, availability, and with admitted efficiencies (where. 75 means "I get about 45 minutes worth of work done in an hour"). Developers can only work on the systems indicated by "Yes", and cannot work more hours than they have available. Effective hours worked must equal required effective hours. Use solver (Simplex, not GRG or evolutionary) to find a way to minimize costs by determining how many hours (only whole hours) to hire each developer. SAVE BEFORE SOLVING!!! Please use the backup solver sheet if you accidentally delete formulas
Answers
The company should hire 200 hours from developer 1, 50 hours from developer 2, and 200 hours from developer 3 to minimize the cost and complete the project within the allotted budget of $25,000. The total number of effective hours worked would be 300 + 50 + 200 + 200 = 750, which is equal to the required effective hours.
In the given problem, the company wants to create a customer-facing website and is looking for developers to complete the task. The project requires 300 effective hours on the back-end system and 250 effective hours on the front-end system. The budget allotted to the project is $25,000.
We need to minimize the costs and determine how many hours to hire each developer using the solver tool.
Below are the details of the developers:
Developer 1: Rate $80 per hour, Efficiency 75%, Availability 80 hours per week. Backend Yes, Frontend No
Developer 2: Rate $75 per hour, Efficiency 85%, Availability 50 hours per week. Backend Yes, Frontend Yes
Developer 3: Rate $70 per hour, Efficiency 80%, Availability 40 hours per week. Backend No, Frontend Yes
We need to find the number of hours to hire each developer such that effective hours worked must equal required effective hours. Let x1, x2, and x3 be the number of hours hired for developer 1, developer 2, and developer 3, respectively. The objective function for minimizing the cost is:
Cost = 80x1 + 75x2 + 70x3
The constraints are as follows:
For back-end systems:
75% efficiency (developer 1): 0.75x1 ≤ x1
For front-end systems:
85% efficiency (developer 2): 0.85x2 ≤ x280% efficiency (developer 3): 0.80x3 ≤ x3
Availability constraints:
80 hours per week (developer 1): x1 ≤ 80 hours50 hours per week (developer 2): x2 ≤ 50 hours
40 hours per week (developer 3): x3 ≤ 40 hours
Effective hour constraint:
300 effective hours on the back-end system: x1 = 300250 effective hours on the front-end system: x2 + x3 = 250
The solver tool can be used to solve the linear programming problem to determine the number of hours to hire each developer. After solving, we get that the company should hire 200 hours from developer 1, 50 hours from developer 2, and 200 hours from developer 3. The minimum cost to complete the project is $31,250 (Cost = 80x1 + 75x2 + 70x3 = 80(200) + 75(50) + 70(200) = 16,000 + 3,750 + 14,000 = $31,250).
Therefore, the company should hire 200 hours from developer 1, 50 hours from developer 2, and 200 hours from developer 3 to minimize the cost and complete the project within the allotted budget of $25,000. The total number of effective hours worked would be 300 + 50 + 200 + 200 = 750, which is equal to the required effective hours.
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true or false? approximately half of the 1.458 million personal bankruptcies filed in 2001 were related to medical bills caused by injury and illness.
Answers
Approximately. 1.458 million personal bankruptcies filed in 2001 were related to medical bills caused by injury and illness.
This statement is true.Bankruptcy is a prison method via which human beings or different entities who can not pay off debts to creditors may are seeking comfort from a few or all of their money owed. In maximum jurisdictions, financial disaster is imposed by using a court order, often initiated via the debtor.
Bankrupt isn't the best legal fame that an insolvent character can also have, and the term bankruptcy is therefore now not a synonym for insolvency.
The phrase bankruptcy is derived from the Italian Banca rotta, actually, which means "damaged financial institution". The term is frequently described as having originated in renaissance Italy,
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differentiate between problem solving skills and analytical skills
Answers
Explanation:
Analytical skills are kind of problem-solving skill. They allow you to evaluate problems, both simple and complex. This skill incorporates many skills like attention to detail, critical thinking ability, decision-making, and researching skills in order to analyze a question or problem and reach a solution.
Susan invested $50,000 and Bill invested $150,000. Why did Susan have a higher balance at the age of 65?
Answers
The reason Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
What is an Investment?An investment refers to an act of dedicating an asset for the hope of attaining an increase in value over a period of time.
In this case, even with lower investment value, Susan will be able to have higher balance because she invested for longer period than Bills.
In conclusion, Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
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How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
Answers
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Which of the following would be included as Investment Spending in the aggregate demand?
Sandra finances her business from the sale of $200,000 worth of government bonds she owns.
Marco buys a new building off the Santa Monica coast for his new company.
Maria purchases $100,000 worth of 3-year French government bonds.
Allen sells the old truck he used for transporting goods.
Answers
Investment Spending is one of the components of the aggregate demand. It includes expenditures on new plants, equipment, and housing by businesses and households. This spending is considered an injection into the circular flow of income and spending since it contributes to the creation of new goods and services. Here is how each scenario would be classified:
Sandra finances her business from the sale of $200,000 worth of government bonds she owns: This would not be considered Investment Spending since it involves the sale of an existing asset rather than the purchase of a new one.
Marco buys a new building off the Santa Monica coast for his new company: This would be considered Investment Spending since it involves the purchase of a new asset that will contribute to the production of new goods and services.
Maria purchases $100,000 worth of 3-year French government bonds: This would not be considered Investment Spending since it does not involve the purchase of a physical asset that contributes to production. Allen sells the old truck he used for transporting goods: This would not be considered Investment Spending since it involves the sale of an existing asset rather than the purchase of a new one. Therefore, the only scenario that would be included as Investment Spending in the aggregate demand is Marco buying a new building off the Santa Monica coast for his new company. ANSWER: Marco buys a new building off the Santa Monica coast for his new company would be included as Investment Spending in the aggregate demand.
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Outline the benefit of running a business
Answers
Answer:
Explanation:
"Owning and running your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find they enjoy the respect they earn from their peers for having the courage to go out on their own. Power. Don't be surprised if power is one of your goals."
Answer:
Owning a small business gives you certain lifestyle advantages. Because you're in charge, you decide when and where you want to work. ... In spite of high financial risk, running your own business gives you a chance to make more money than if you were employed by someone else. You benefit from your own hard work.
Explanation:
hope this helps
A dairy plant is producing cream from milk with a fat content of 6% by weight. The cream is to have a fat content of 50% by weight and the skimmed milk produced as a byproduct has a fat content of 1%. Milk supplied to the creamery at a rate of 100 US tons per day. What is the daily skim milk production?
Answers
The daily skim milk production is 144 US tons with a fat content of 0%. fat content in the skimmed milk and the fat content in the cream produced.
To calculate the daily skim milk production, we need to determine the fat content in the skimmed milk and the fat content in the cream produced.
Let's start with the fat content in the cream:
- The milk supplied to the creamery has a fat content of 6%.
- The cream to be produced needs to have a fat content of 50%.
- The fat content in the cream is increasing from 6% to 50%.
The amount of fat content removed from the milk to produce cream can be calculated as:
Amount of fat content in cream = Amount of milk supplied * (fat content in milk - fat content in cream)
= 100 US tons * (6% - 50%)
= 100 US tons * (-44%)
= -44 US tons
Since we cannot have a negative amount of fat content, we can conclude that the fat content in the skimmed milk is 0%.
Now, let's calculate the daily skim milk production:
Amount of skimmed milk produced = Amount of milk supplied - Amount of cream produced
= 100 US tons - (-44 US tons)
= 144 US tons
Therefore, the daily skim milk production is 144 US tons with a fat content of 0%.
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1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
Answers
Which of these careers include supervising others?
welder
welder
project manager
project manager
foreman
foreman
forklift operator
Answers
The careers that needed supervision of others are welder and foreman. Thus option (a) and (b) are correct.
Who is a welder?A welder is a skilled tradesperson who specializes in joining pieces of metal or thermoplastics together using various welding techniques.
Welders must have a good understanding of welding techniques and materials, as well as safety practices and regulations. They use a variety of tools and equipment such as welding machines, cutting tools.
The welder and foreman are the professions that need supervision of others. Therefore, option (a) and (b) are correct.
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Match the terms with their correct definitions.
Answers
yaaaaaaaaaaaaaaahhhhhh
Claire wants to introduce an electric vegetable chopper that can also work on hand-gesture commands. She wants to demonstrate the product to her target audience. Which sales channel should she use to demonstrate her product? Claire should use a ___ sales channel to demonstrate her product.
Answers
Answer:
direct channel (or producer to consumer)
Explanation:
This channel is appropriate when a producer is trying to introduce an innovative product or service and wants to reach a large audience. The best way a manufacturer or producer can sell its products or services directly to consumer is through internet sales.
Answer:
I put retail sales channel
Explanation:
(Yeah ik this is very late) I don't even know if that's right lol
Which data model in Salesforce CDP defines the future revenue or quantity for an opportunity of the product family? A. Product B. Sales Order C. Party D. Engagement
Answers
Salesforce CDP is a customer data platform that provides an integrated view of customer interactions and data across multiple touchpoints and devices. It helps organizations to create a single source of truth about their customers.
We need to understand the different data models used in Salesforce CDP.A. Product: This data model in Salesforce CDP is used to store information about the products that the organization offers. This information includes the product name, description, price, and any other relevant details. However, this data model does not directly define the future revenue or quantity for an opportunity of the product family.
B. Sales Order: This data model in Salesforce CDP is used to store information about the sales order that a customer places. It contains details such as the date of the order, the products ordered the quantity of each product and the total amount of the order. This data model can help predict future revenue for an opportunity of the product family, but it does not define the exact quantity of products that will be sold.
C. Party: This data model in Salesforce CDP is used to store information about the customers or parties involved in a transaction. This information includes the name, address, and contact details of the customer. However, this data model does not define the future revenue or quantity for an opportunity of the product family.
D. Engagement: This data model in Salesforce CDP is used to store information about the interactions between a customer and the organization. This information includes the type of interaction, the date and time of the interaction, and the details of the interaction. This data model can help predict future revenue for an opportunity of the product family, but it does not define the exact quantity of products that will be sold.
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Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company
Answers
Answer:
A. An advertisement
Explanation:
Answer:
it is c
Explanation:
on edg 2021
This is the part of the business cycle in which output, or real gdp has stopped its slide.
Answers
When the decline in output or Real GDP ceases, the business cycle is said to be at its trough.
The fourth phase of the business cycle is often the trough. The business cycle begins with a peak, followed by a trough, recession, or expansion. Before reaching its peak, the economy transitions during the trough from its contraction phase to its growth phase.
The Trough is the point in the business cycle where the output or Real GDP stops declining. The business cycle is at its lowest point at this time.
Owners may make wise company judgments by comprehending business cycles. They can predict when to brace for a downturn and seize an expansion by keeping an eye on the economy's health and paying heed to recent economic forecasts.
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the results of free trade agreements are overwhelmingly positive. group of answer choices true
Answers
Therefore, it's important to have a balanced view of trade agreements. Although they have the potential to stimulate economic growth and increase trade, they also have some negative effects that must be taken into consideration.
The statement "the results of free trade agreements are overwhelmingly positive" is not entirely true as there are some negative impacts associated with free trade agreements.
It's crucial to consider both the positive and negative effects of trade agreements.
Free trade agreements have the potential to benefit countries that participate in them by opening up markets, increasing trade, and creating economic growth.
As a result, they lead to lower prices, increased competition, and increased availability of goods.
However, trade agreements can have some negative effects on countries and their citizens. One of the negative impacts is job losses, particularly in industries that face stiff competition from other countries.
For instance, when a country signs a free trade agreement, it may face stiff competition from other countries that produce similar goods at a lower cost.
This could lead to the closure of businesses and the loss of jobs for workers.
Additionally, free trade agreements can lead to the exploitation of labor and resources in developing countries.
Therefore, it's important to have a balanced view of trade agreements. Although they have the potential to stimulate economic growth and increase trade, they also have some negative effects that must be taken into consideration.
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what technology allows retailers to better respond to consumer buying patterns?
Answers
Rules based Expert systems, or AI systems, employ preprogrammed algorithms to take decisions that resemble those of humans.
Which technologies are employed in retail?Computer, barcode scanners, and tills are all used in some retail establishments. More advanced technology, like electronic point-of-sale systems, inventory system, and systems that manage customer relationships may be used by other stores.
How does technology assist merchants?A retailer can transition to "just in time" inventory control with the correct technologies. In actuality, this implies maintaining sufficient stock to complete requests without maintaining a warehouse. Customers can access inventories online and receive notifications from retailers when a product sells out or restocks.
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an interest rate, unless otherwise specified, is typically a(n) rate.
Answers
An interest rate, unless otherwise specified, is typically an annual rate. This means that the interest is calculated and expressed as a percentage of the principal amount for one year.
An interest rate is the percentage charged or paid for the use of money, typically expressed as an annual percentage. It can either be the cost of borrowing money (for the borrower) or the reward for saving or investing money (for the lender or investor). The formula for calculating interest is:
Interest = Principal × Interest Rate × Time
Where: - Interest is the amount of money earned or paid for using the money
- Principal is the initial amount of money borrowed or invested
- Interest Rate is the percentage rate charged or paid (expressed as a decimal)
- Time is the duration for which the money is borrowed or invested (typically in years)
Remember to convert the interest rate from percentage to decimal by dividing it by 100 before using it in the formula.
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need help pls 70 POINTSIf you are using your factors of production at 100% efficiency, it is guaranteed that you will be
A. no where on the curve
B. inside the curve
C. somewhere on the curve
D. at the bottom of the curve
Answers
Answer:
C. Somewhere on the curve
Jos. A. Bank is a leading specialty retailer of men's tailored clothing, workwear, and formalwear, provider in the United States ("U.S.' and Canada. We help men look and feel their best by offering a broad selection of clothing including suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear. outerwear, sweaters, dress shirts, shoes and accessories. We serve our customers through an expansive omnichannel network that includes over 1.400 stores in the U.S. and Canada as well as our branded e-commerce websites, Our U.S. Retail Operating Unit includes Men's Wearhouse, Men's Wearhouse and Tux, Jos. A. Bank, Joseph Abboud and K\&G brand names and are located in 50 states and the District of Columbia. We also have an International Operating Unit focused on selling corporate clothing uniforms and workwear to workforce through multiple channels. We sell these products in the UK under the Dimensions. Alexandra and Yaffy brands. In the U.S., we operate under the Twin Hill brand name. Jos. A. Bank targets the male consumer (25 to 65 years old) emphasizing superior, personalized customer service and offering high quality, business, formalwear and business casual merchandise, substantially all of which is Jos. A. Bank branded product including our Reserve and 1905 labels. Our merchandising strategy is focused on classic styling with attention to detail in quality materials and workmanship. Based on our experience, we believe that our assortment styling, breadth, quality and price coupled with our in-store service, provides us with an advantage over our competitors with our target customer. Our mission is to help men feel and look their best! We accomplish this by employing 3 key strategies: 1. Offer personalized products and services; 2. Provide inspiring and seamless experiences in and across every channel: and 3. Build brands that stand for something more than just price. Offer Personalized Products and Services ur focus for the custom business has been on three key aspects that we believe are crucial to the stomer: speed, selection and service. We believe we have significant competitive idvontanis Our focis for the custom business has been on three key aspects that we believe are crucial to the customer: speed. selection and service. We believe we have significant competitive advantages in these areas because we have: a) supply chain advantages with our owned factory that manufactures our premium custom clothing in the S. and strong relationships & scale advantages with foreign manufacturers for our entry level custom clothing: b) a wide assortment of custom suits \& suit fabrics to create high-quality and unique products for our customers, and; c) a convenient U.S. and Canada store footprint staffed by expert wardrobe consultants and tailors. 2. Provide Inspiriog and Seamless. Exneriences in and Across Every Channel We want our customers to be able to shop whenever, wherever and however they choose and to have inspiring and seamless experiences in and across every channel. 3. Build Brands That Stand for Something More than Just Price In 2018 we began shifting our advertising messaging away from pure promotional messaging. placing more emphasis on the quality of our product offerings and our high-touch customer service. This approach will continue to focus on our in-store experience to promote a more engaged, personalized shopping experience that features our wardrobe consultants who help men create their personal style and on staff tailors that ensure proper fit to match the customer's desired style. We intend to build customer loyalty by gaining a greater understanding of our customer's needs, helping him meet those needs, and giving him confidence in the way he looks. What do you believe is Jos. A. Bank's overarching company mission statement? (6 pts)
Answers
Based on the information provided, Jos. A. Bank's overarching company mission statement is to help men feel and look their best.
They accomplish this by offering personalized products and services, providing inspiring and seamless experiences across every channel, and building brands that stand for more than just price. They also build customer loyalty by gaining a greater understanding of their needs.
Jos. A. Bank focuses on superior, personalized customer service, high-quality merchandise, and classic styling with attention to detail. They target the male consumer between the ages of 25 to 65 and emphasize the importance of understanding their customers' needs, helping them meet those needs, and instilling confidence in their appearance.
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3. When you find an error on a credit report, what are 2 things to do?
Answers
Answer:
If you've spotted an error on one of your credit reports, you should take immediate steps to correct the inaccuracy.
-Send a letter to the credit bureau.
-Determine if you should contact the data furnisher as well.
Explanation:
okay?
donatello’s pizza is known for its quick service. to make a pizza, employees must prepare the dough and add the sauce and toppings. cooking happens next, followed by packaging. in this scenario, the employees of donatello’s pizza are engaged in
Answers
Answer:
Work Processes
Explanation:
Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answers
Answer:
200 i think sorry if im wrong
Explanation:
amos' antiques, inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility. these characteristics are consistent with the principles of
Answers
These characteristics are consistent with the principles of: bureaucratic organizations.
The main criticism advanced against scientific management by the psychologists is that it's mechanical in approach. He has practically no say in determining the policies with relation to work.
Human resources management involves all management decisions and actions that affect the link between the organization and its employees – in other words, its human resources. HRM refers to the management of all decisions within a company that are associated with people.
Scientific management implies the appliance of science to the task management of an industrial concern. Scientific management may be a thoughtful, organized human approach to the task of management as contrasted with hit or miss, rule of thumb.
Over speeding - the scientific management lays standard output, time so that they should rush up and finish the ad time. These have adverse effects on the health of workers.
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Linda Baer has already saved $6,500 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 3 percent compounded annually, how long will it take to buy a car that costs $9,000?
Answers
Answer:
11 years.
Explanation:
Below is the calculation for the time period:
Present value of the money = $6500
Interest rate = 3%
Future value of the money = $9000
Future value = Present Value (1 + r )^n
9000 = 6500 (1 + 3%)^n
9000/6500 = (1 + 3%)^n
1.3846 = (1.03)^n
Now solve for the value of n by taking ln on both sides.
Thus n = 11 years.
A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answers
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.