Juan Pérez, a private investor, buys a T-bill with a par value of $10,000 for $9,645. One hundred days later, Juan Pérez sells the T-bill for $9,739. How much is Juan Pérez's expected annualized return for this transaction?
Answers
Juan Pérez's expected annualized return for this transaction is approximately 3.54%.
Juan Pérez's expected annualized return for this transaction can be calculated using the formula for annualized return.
First, let's calculate the return on investment (ROI) for Juan Pérez. The ROI is the profit or loss expressed as a percentage of the initial investment.
ROI = [(Sale Price - Purchase Price) / Purchase Price] * 100
ROI = [($9,739 - $9,645) / $9,645] * 100
ROI = ($94 / $9,645) * 100
ROI ≈ 0.974%
Next, to calculate the annualized return, we need to consider the holding period of the investment. In this case, the holding period is 100 days.
Annualized Return = [(1 + ROI)^ (365 / Holding Period) - 1] * 100
Annualized Return = [(1 + 0.00974) ^ (365 / 100) - 1] * 100
Annualized Return ≈ 3.54%
Therefore, Juan Pérez's expected annualized return for this transaction is approximately 3.54%.
It is important to note that this calculation assumes a simple interest calculation and does not consider other factors such as transaction costs or compounding. For a more accurate assessment, it is recommended to consult with a financial professional or utilize more comprehensive investment analysis tools.
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Related Questions
In every state, there is a government-subsidized university. This subsidy, in theory, would make it possible for tuition to be lower than it otherwise would have been. How might an economist employed by the government justify the subsidy
Answers
The economist employed by the government will justify the subsidy by saying it is expected to increase the productivity which is the basis for the long run aggregate supply curve.
Basically, a subsidies is a program which are provided for education to improve the skills of the individuals going to college.
Economically, the program is expected to increase the productivity which is is the basis for the long run aggregate supply curve.
Now, once the productivity is increased, the potential GDP is increased and thus, the long-run aggregate supply curve is shifted to the right which increases the current GDP as well.
In conclusion, the economist employed by the government will justify the subsidy by saying it is expected to increase the productivity which is the basis for the long run aggregate supply curve.
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There is a bond with a coupon of 8. 4 percent, eleven years to maturity, and a current price of $1,041. 40. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round
Answers
To calculate the dollar value of an 01 (DV01) for the bond, we need to determine the change in price for a 1 basis point (0.01%) change in yield.
The formula to calculate DV01 is as follows:
DV01 = (Change in Price) / (0.0001 * Bond Price)
Given:
Coupon rate = 8.4%
Years to maturity = 11 years
Current price = $1,041.40
First, we need to calculate the bond's yield. We can use the following formula to estimate the yield:
Yield = (Coupon Payment + ((Face Value - Price) / Years to Maturity)) / ((Face Value + Price) / 2)
Using the given information:
Coupon Payment = 8.4% * Face Value
Face Value = $1,000
Yield = (0.084 * $1,000 + (($1,000 - $1,041.40) / 11)) / (($1,000 + $1,041.40) / 2)
Next, we need to calculate the bond's modified duration. The formula for modified duration is as follows:
Modified Duration = (1 / (1 + Yield)) * [1 - (1 / (1 + Yield))^Years to Maturity] / Yield
Using the yield calculated above, we can find the modified duration.
Finally, we can calculate the DV01 using the formula mentioned earlier:
DV01 = (Modified Duration * Bond Price) / 100
By plugging in the calculated values, we can determine the dollar value of an 01 for the bond.
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In which of the following countries did real GDP per person fall by about 13% from 2000 to 2014? o O a. India o O b. Singapore O | ) c. Zimbabwe O d. None of the above are correct.
Answers
c. Zimbabwe
Zimbabwe is the country where real GDP per person fell by about 13% from 2000 to 2014. This indicates a significant decline in economic output per person over that period. India and Singapore are not the correct choices as they did not experience such a substantial decrease in real GDP per person during that timeframe.
Therefore, the correct answer is c. Zimbabwe.
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Students will choose 3 of the following questions to consider (in the context "Where's the Beef." The Food That Built America, season 3, episode 7, History Channel • Discuss and comment on how both KFC (John and Jeff) and Wendy's (Dave Thomas) were able to reframe/change consumer buying behaviour at their restaurants. (Discuss the innovation each had in changing how consumers buy their products and why it was successful) (aka picnic meal & triple burger) Comment on and discuss the similarities/parallels between the story of McDonalds and the story of KFC • How did Wendy's differentiate themselves in the increasingly crowded America Fast Food Market? Explorer the idea of the Wendy's pickup window. Why was it needed? What were it's original problems? How did Dave Thomas fix it? • What elements of Dave Thomas's KFC strategy did he adopt in his development of Wendy's? The report should be at least 1500 words (500 words per question) and not more than 2000 words in total. This assignment is to be the individual students take on the questions.
Answers
KFC, led by John and Jeff, introduced the concept of a "picnic meal."Wendy's, under the leadership of Dave Thomas, introduced the "triple burger,"
KFC, led by John and Jeff, introduced the concept of a "picnic meal," which included a bucket of fried chicken, making it convenient for families to enjoy meals outside their homes.
This innovation tapped into the growing trend of outdoor leisure activities and provided a unique dining experience.
Similarly, Wendy's, under the leadership of Dave Thomas, introduced the "triple burger," offering a larger and more indulgent option compared to competitors. This innovation appealed to consumers' desire for bigger portions and value for money.
The similarities between the stories of McDonald's and KFC lie in their strategies to expand their franchises rapidly. Both companies relied on a franchise model to grow their businesses, allowing them to enter new markets quickly.
Additionally, they both emphasized consistency and standardized operations to ensure quality and efficiency across their locations. However, while McDonald's focused on speed and uniformity, KFC emphasized the quality and taste of their chicken.
This difference in focus allowed KFC to establish a distinct brand identity and attract a loyal customer base.
Wendy's differentiated itself in the competitive fast food market through various strategies. One key innovation was the introduction of the pickup window, which addressed the increasing demand for convenience. Initially, this pickup window faced challenges such as long waiting times and order accuracy issues.
Dave Thomas recognized the problems and implemented improvements, including streamlining operations and enhancing employee training. These changes made the pickup window more efficient and reliable, ultimately contributing to Wendy's success.
Dave Thomas incorporated elements of his KFC strategy into the development of Wendy's. He emphasized quality ingredients and made-to-order food, similar to KFC's focus on the taste and freshness of their chicken.
Additionally, Thomas applied his understanding of the importance of brand image and customer service to Wendy's. By creating a friendly and personable brand persona, he built a connection with customers and fostered a positive dining experience.
Overall, the strategies and innovations implemented by KFC and Wendy's played crucial roles in reshaping consumer buying behavior and establishing their positions in the fast food industry.
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Celia's firm has developed a breakfast cereal targeted toward children. Rather than compete in the mature U.S. market, she has decided instead to introduce the product in Europe, where she feels it will be innovative. Her advertising agency urged caution because__________.
a. print media are different in Europe, and it would be difficult to create a global campaign.
b. advertising regulations differ in other countries, including advertising to children.
c. domestic advertising agencies cannot earn commissions on advertising they place overseas.
d. research indicates that European children do not eat breakfast as often as American children.
e. literacy rates are significantly lower in Europe, and print ads would be ineffective.
Answers
Answer:
b. advertising regulations differ in other countries, including advertising to children.
Explanation:
Cecilia decided tolo introduce the her cereal advert in Europe, where she feels it will be innovative.
Thai was done to avoid competing in the mature U.S market.
It will be important for Cecilia to consider the advertising regulations on Europe.
There can be differences in what is considered appropriate in an advertisement in Europe.
She will need to ensure the content of her adverts complies with what is deemed appropriate content in Europe
Which important aspect of goal setting helps you keep an eye on the big picture and is useful for giving yourself feedback?.
Answers
The important aspect of goal setting that helps to keep attention on the big picture while being useful for feedback purposes is B. behavioral objectives.
What is a behavioral objective?
A behavioral objective is a learning outcome that details the learner's experience in measurable terms and forms the learning and performance evaluation basis.
Answer Options:A. teaming objectives
B. behavioral objectives
C. tactical planning
D. deadlines
Thus, the important aspect of goal setting is not teaming objectives, tactical planning, or deadlines but behavioral objectives.
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job 101 job 102 direct materials $12,000 $15,000 direct labor $24,000 $45,000 overhead is applied to jobs at $0.80 per direct labor dollar. how much is the total manufacturing cost of job 101?
Answers
The total manufacturing cost for Job 101 is $55,200.
Total manufacturing cost refers to the sum of all costs incurred by a manufacturing company in the process of producing its goods. This includes direct materials, direct labor, and manufacturing overhead.
Direct materials are the raw materials and components that are used in the production process. Direct labor refers to the wages and benefits paid to workers who are directly involved in the production of goods, such as assembly line workers or machine operators. Manufacturing overhead includes all other costs associated with the production process, such as rent, utilities, and maintenance costs for manufacturing equipment.
The total manufacturing cost for Job 101 is calculated by adding the direct materials cost, direct labor cost and overhead cost.
Direct Materials: $12,000
Direct Labor: $24,000
Overhead: $0.80 x $24,000 = $19,200
Total Manufacturing Cost: $12,000 + $24,000 + $19,200 = $55,200
The total manufacturing cost can also be used to calculate the cost of goods sold (COGS), which is the cost of producing and selling a product. This figure is typically used to determine the gross profit margin on a product and is an important metric for evaluating the financial performance of a manufacturing company.
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The ________ fund is a Governmental fund that accounts for most of the basic services by the government
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companies often make potential employees complete applications, interviews, background checks, and many other processes prior to hiring them. the eeoc considers all of these processes to be:
Answers
The EEOC considers potential employees complete applications, interviews, background checks as Selection tools.
The EEOC is an acronyms for the federal agency called Equal Employment Opportunity Commission.
Basically, the HR personnel of a companies conducts various test, research and interviews for job applicant to allows them select the most qualified applicant for the job.
All the procedure used by the HR personnel such as complete applications, interviews, background checks and other processes prior to hiring them are seen as Selection tools by the Equal Employment Opportunity Commission.
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The government has many obligations to provide services to its tax-paying citizens. If you were in Congress, how
would you balance the need for the government to spend money on necessary things with a prudent approach to controlling the debt and the deficit? Use examples in your answer.
Answers
A government is considered to have a budget surplus if it raises more revenue through taxes than it spends. A budget that is balanced means that taxes and spending are equal. The government debt is the total of all prior surpluses and deficits.
What is Budget surplus?A budget surplus occurs when income exceeds expenses. The term is commonly used to describe a government's financial status since citizens have "savings" instead of a "budget surplus." A surplus is evidence of a government's capacity to manage its finances appropriately.
Example,
A resource or good is said to have a surplus if there is more than is presently being utilized. A surplus can refer to a variety of items, such as cash, goods, assets, and earnings. A surplus in the sense of inventory refers to items that remain on store shelves but have not yet been purchased.
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an owner of a small publishing company allowed a friend who was starting a handmade soap business to load the publishing company's copy of microsoft word onto the friend's computer. this activity is
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Handmade soap business to load the publishing company's copy of Microsoft word onto the friend's computer. this activity is both illegal and unethical.
What is business?
An organisation or enterprising entity engaged in business, industrial, or professional activities is referred to as a business. A business's goal is to coordinate some form of economic production (of goods or services). Businesses can indeed be for-profit corporations or charitable organisations working to advance a social cause. Businesses range in size and scope from small, local enterprises to large, global conglomerates. A person's efforts and activities to produce and sell products and services for a profit are also referred to as business. An organisation that runs for commercial, industrial, as well as professional purposes is frequently referred to as a business. The concept starts with a name and an idea, and in-depth market research may be necessary to ascertain whether it is feasible to turn this same idea into a profitable.
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Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $8 to make each kilogram (kilogram) of seed. It sells each kilogram for $45. If it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $3 per kilogram from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost—the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 300,000 and a standard deviation of 100,000. Use Table 13.4.
Answers
Monsanto should put 344,000 kilograms of seed into the warehouse to improve the expected profit.
The costs Montanso = $8
Selling price = $45
Overseas market price = $3 per kilogram
Mean = 300,000
Standard deviation = 100,000
The profit function is given by:
Profit = Revenue - Cost
Profit = (Price sold x Quantity sold) - (Cost x Quantity produced)
Expected Profit = P(Demand < Q) * Profit when demand is less than Q + P(Demand >= Q) * Profit when demand is greater than Q
Expected Profit = P(Z < (Q-300,000)/100,000) * ((45 * min(Q, 300,000)) - (8 * Q)) + P(Z >= (Q-300,000)/100,000) * ((45 * Q) + (3 * max(0, (300,000-Q))))
Expected Profit = (45 - 8) * P(Z < (Q-300,000)/100,000) - (45 - 3) * P(Z >= (Q-300,000)/100,000) = 0
37 * P(Z < (Q-300,000)/100,000) = 42 * P(Z >= (Q-300,000)/100,000)
P(Z < (Q-300,000)/100,000) = 42/79
(Q - 300,000)/100,000 = 0.44
Quantity = 344,000 kilograms
Therefore, we can conclude that Monsanto should put 344,000 kilograms of seed into the warehouse to improve the expected profit.
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if an increase of oil prices leads to the overall price of goods to rise, what type of inflation is a likely cause?
Answers
Answer:
cost-push inflation
Explanation:
According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
Whenever possible, Lorraine tries to purchase organic foods for her family. She feels better knowing there is less pesticide residue in these products vs. conventionally produced foods. If she sees a product that bears the USDA Organic seal, of what can she be assured?
Answers
Answer:
The correct answer is: She can be assured of a lot of things. Explained below.
Explanation:
To begin with, the USDA organic certification is understood to be the one that assures the consumers to buy products that are 95% organic in those that have the certification because the department checked them out so that means that all the companies who have achieved the certificate then they are workind according with the standards provide by the U.S. Department of Agriculture. Moreover, the certification establishes that the food is free from genetic modification and irradiation and that they also have a greater content in nutrients that the other ones.
The five main areas of finance are corporate finance, _____, financial institutions, international finance, and fintech.
Answers
Answer:
INVESTMENTS is the answer.
The major areas of the finance are corporate finance, investment, financial institutions, international finance, and fintech.
What is Investment?Investment refers to the amount invested by the individual over any business or shares, bonds etc. It is done in order to generate more income.
Corporate finance, investment, financial institutions, international finance, and fintech are the main sub fields of finance.
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health insurance covers well-being preventive care and medical treatment protects homes, land, and other possessions pays a portion of wages if an individual cannot work for a period of time due to illness or accident provides some financial support to beneficiaries when someone dies
Answers
Health insurance covers well-being preventive care and medical treatment. Thus, option A is correct.
What is insurance?Insurance may be defined as the part where the person by protection towards expected losses of financial losses that comes in the way. Insurance can be taken for automobiles, property, or health.
Health insurance is generally taken by a person with respect to their health or well-being. Health Insurance provides financial aid when in need of medical treatment.
With this method, if a person requires an emergency surgery he or she can go for medical insurance which will cover the amount for the surgery. Therefore option A is the correct option.
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The question is incomplete, the correct question will be
health insurance
covers well-being preventive care and medical treatment
protects homes, land, and other possessions pays a portion of wages if an individual cannot work for a period of time due to illness or accident
provides some financial support to beneficiaries when someone dies
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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What does a risk mean in regard to investments?
A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D
Answers
Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
What are risk mean in regard to investments?
It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).
Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.
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The chief marketing officer (CMO) is considered part of which organizational level?a. Board of directorsCorporate levelb. Strategic business unit levelc. Functional leveld. This position is not considered part of a single level, since it straddles several.
Answers
A chief marketing officer (CMO) is someone whose organizational level is at the board level of the company.
What is a corporate board?
The board of directors is a group of people who represent the interests of the company's shareholders. It also provides guidance and advice for the organization's CEO and management team. Without being involved in day-to-day operations, the board provides general oversight of the business. Representatives of shareholders are elected. Each SOE is required by law to establish a board of directors; Non-profit organizations and many private companies also appoint, though not necessarily, a board of directors.
The Board of Directors, also known as the "Council" or "B of D", is a group of people elected by a company's shareholders to represent their interests. The Board of Directors serves as the governing body of the company or corporation.
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The financial markets are a relatively new technological development created in the last 50 years.
Answers
Answer:
False
Explanation:
Wall Street, which is one of the most famous financial markets in the US was established in 1792. In Europe, financial markets exist since the middle ages. Modern banking started in Italy in the 12th century.
Telecommunications improved how financial markets work during the 20th century and expanded their reach, but they are almost 900 years old.
The inverse demand for good X is given by PX=25−0.005QX+0.15Py+0.11 where PX is the price of X,PY is the price of Y,I is income, and QX is the quantity demanded of good X. The inverse demand is just price as a function of quantity instead of quantity as a function of price. To get the demand function, just solve the equation for QX. You should do this before answering the following. Goods X and Y are X is a good.
Answers
The inverse demand function for good X is given by the following expression:
\(PX=25−0.005QX+0.15Py+0.11\)
where PX is the price of X, PY is the price of Y, I is income, and QX is the quantity demanded of good X. In order to find the demand function for good X, we need to solve the equation for QX.
So, we have,
\(PX=25−0.005QX+0.15Py+0.11\)
Rearranging this equation, we get,0.005
\(QX=25−PX−0.15Py−0.11\)
\(QX=25−PX−0.15Py0.895\)
\(QX=25−PX−0.15Py\)
\(QX=(25−PX−0.15Py)/0.895\)
The demand function for good X is given by
\(QX=(25−PX−0.15Py)/0.895.\)
Now, consider the demand for good Y which can be expressed as
\(QY=βI-αPY\)
where QY is the quantity demanded of good Y, I is the income, PY is the price of Y, and β and α are constants. Therefore, the equation above indicates that demand for good Y is positively related to income (I) and negatively related to the price of Y (PY).
So, from the equation above, we can see that the price of Y (PY) has an impact on the quantity demanded of good X (QX).
Therefore, good X and Y are substitute goods. As the price of Y increases, consumers will demand less of Y and more of X.
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in contrast to the united states, public enterprises in france account for percent of all employment?
Answers
In contrast to the United States, public enterprises in France account for around 20% of all employment.
A public enterprise is a government-owned corporation that performs services that the government considers to be in the public interest. State-owned corporations are the terms used in other countries (SOEs). The government may establish public enterprises to regulate an industry, to ensure that crucial services are available to the public, or to promote public welfare.
Public enterprises are not profit-seeking businesses because they are not intended to be operated for profit. In most cases, the government provides funding to cover the public enterprise's operating costs, which may or may not be entirely reimbursed by the public enterprise's revenues.
In France, public enterprises account for around 20% of all employment. It is in contrast to the United States, where public enterprises do not account for a significant portion of employment. Public enterprises in France provide essential services, such as transportation, education, and health care.
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suppose a firm is considering producing zero units of output. we call this shutting down in the short run and exiting an industry in the long run. a. true b. false
Answers
The answer is "a. true". When a firm decides to produce zero units of output, it is essentially shutting down its production in the short run.
This may happen due to various reasons, such as low demand, high costs, or other market conditions that make it unprofitable to produce any output. In the long run, if the firm continues to face such unfavorable conditions, it may eventually decide to exit the industry altogether. Exiting the industry means that the firm will not only shut down its production temporarily but will also sell its assets and leave the market permanently. Therefore, it is important for firms to carefully evaluate their production decisions and market conditions to ensure their long-term survival and profitability.
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Why is it important to be held accountable for your actions?
3 sentences
Answers
Universal Containers has configured a private sharing model for accounts and opportunities. As part of its sales strategy, each sales representative collaborates with the same set of Individuals for each opportunity. What should a consultant recommend to grant a Sales Rep the appropriate access to an opportunity?
Answers
A consultant recommends granting a Sales Rep the appropriate access to an opportunity John can see all of Sam's data but Sam cannot see all of John's data.
A salesperson simply sells a company's products or services and represents its brand. They manage the customer relationship and act as the primary point of contact from initial lead contact to final purchase. It's a job that requires impeccable soft sales skills like a strong communications organization.
Problem-solving skills and deep technical knowledge of the product business and industry. A sales representative is the third highest-paid non-degree job. Jobs are ranked by their ability to deliver an elusive combination of factors. Read more about how we evaluate your best work. Sale is a tough job. The first thing to understand when considering a sales job is that you will be required to work very hard and long hours before you can earn sales privileges.
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company 1 has return on assets of 8.2% and a debt to equity ratio of 67.2%. company 2 has return on assets of 6.3% and a debt to equity ratio of 53.4%. based on these ratios, what is generally true about these two companies?
Answers
According to the given information, Company 1 has higher profitability and higher risk.
Financially speaking, risk is the possibility that the results or returns on an investment will not match expectations. Risk encompasses the potential for losing a portion or the entirety of a starting investment.
Risk is typically quantified by taking into account past actions and results. A frequent statistic used to measure risk in finance is standard deviation. A measure of asset price volatility in relation to historical averages over a specific time period is provided by standard deviation.
Overall, managing investment risks is possible and wise if one is aware of the fundamentals of risk and how it is calculated.
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4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in before, so he also buys new furniture. His property taxes are higher for his new house, but sales tax he pays on his new furniture is lower. Which of these taxes is progressive, and which are regressive? What is the difference between a progressive and a regressive tax? (8 points)
Answers
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
Any christian guys wanna be friends?
Answers
Answer:
Explanation:
Im not a guy im a girl but can we still be friends