Activity-based costing (ABC) provides more detailed measures of costs than do plantwide or department allocation methods. The given statement is True.
What is Activity-based costing?Activity-based costing is a method of costing that recognizes activities in an organization and assigns the cost of each activity to all goods and services rendered in proportion to the actual consumption of the activity. The overhead costs are spread more accurately in ABC, resulting in better cost estimates for the product or service.
It recognizes that certain products are accountable for certain expenses that are unrelated to manufacturing quantity. ABC has several benefits, including assisting organizations in determining the true cost of products and services.
ABC also aids in the development of a better understanding of the price and profitability of the products and services offered by the organization, resulting in better strategic decisions. Therefore, the given statement is True.
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One conclusion of the Ohio State studies was that a leader who focuses on subordinates' feelings and ideas is exhibiting
a. task-oriented leader behavior.
b. consideration behavior.
c. initiating-structure behavior.
d. employee-centered leader behavior.
e. job-centered leader behavior.
One conclusion of the Ohio State studies was that a leader who focuses on subordinates' feelings and ideas is exhibiting':d) job centered leader behaviour.
Generally, A leader is demonstrating job-centered conduct when they pay great attention to the work that their subordinates are doing, explain the processes that they follow, and are deeply engaged in performance.
At one end of the spectrum is what is known as "autocratic" leadership, which is also often called "Boss-Centered" leadership. In this style of management, you, as the boss, would have complete power to make decisions and announce them to your staff.
Being centered leaders place a high value on being truthful, having an open mind, and being willing to seek out and embody higher levels of being, consciousness, and other-centered values, which are essential for both achieving a high level of life satisfaction and excelling in increasingly complex leadership roles.
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which statement is correct? traditional economics discounts short-term benefits and costs more than it does long-term ones. natural and human resources are infinite. in a circular system, models of production follow a linear sequence. linear systems are sustainable in business and economic models. mainstream economics assumes that economic growth will increase forever
There is only one correct statement from the given options that is - mainstream economics assumes that economic growth will increase forever. The correct answer is option e.
What is traditional economics?Traditional economics is an economic theory that originated before the Great Depression. Traditional economics is based on the idea that markets always return to a state of equilibrium. It's important to note that traditional economics and neoclassical economics are not the same thing.
What is a circular economy?The circular economy is an economic system in which goods and services are produced, used, and recycled. The primary objective of a circular economy is to keep materials and resources in use for as long as possible, reduce waste generation, and decrease environmental impacts.
A circular economy can be seen as an alternative to the traditional linear economy, which follows a take-make-dispose model.
What is a linear economy?In a linear economy, raw materials are extracted from the earth, used to create products, and then discarded as waste. In a linear economy, waste generation is high, and resources are quickly depleted.
What is the main assumption of mainstream economics?The main assumption of mainstream economics is that economic growth will increase forever. Mainstream economics is concerned with increasing the size of the economy, and this is done through the production of goods and services.
The mainstream economic model assumes that growth is always good and that economic growth can continue indefinitely.
The correct answer is option e.
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Complete question
which statement is correct?
a. traditional economics discounts short-term benefits and costs more than it does long-term ones.
b. natural and human resources are infinite.
c. in a circular system, models of production follow a linear sequence.
d. linear systems are sustainable in business and economic models.
e. mainstream economics assumes that economic growth will increase forever
rush company had net income of $180 million and average total assets of $1,910 million. its return on assets (roa) is: multiple choice 9.4%. 120.0%. 94.2%. 18.8%. 106.0%.
The return on assets (ROA) of Rush Company is calculated by dividing the net income of $180 million by the average total assets of $1,910 million, which gives us a value of 9.4%. The correct option is A.
ROA is a measure of the profitability of a company in relation to its total assets. It is calculated by taking a company's net income and dividing it by the total assets it holds. A higher ROA indicates that a company is making more money from its assets than a company with a lower ROA.
The ROA for Rush Company is 9.4%. This means that for every dollar in total assets, the company makes $0.094. This is lower than other companies in the same industry, which typically have an ROA of 10-15%. This suggests that Rush Company is not as profitable as other companies in its industry.
Overall, the return on assets (ROA) of Rush Company is 9.4%, which is lower than other companies in the same industry. This suggests that Rush Company is not as profitable as other companies in its industry. The correct option is A.
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what isspring has sprung, and you need to hire someone to clean out the flower beds at an apartment complex. what type of maintenance will be performed? cfc in environment
ISSPRING HAS SPRUNG. If you need to hire someone to clean out the flower beds at an apartment complex, the type of maintenance that will be performed is landscaping. As a result, CFCs in the environment are not affected.
What is landscaping?
Landscaping is the art and science of changing land into something more appealing by modifying natural and man-made environments. It is an umbrella term that encompasses everything from design, installation, and maintenance to construction-related activities.
Landscaping is the science and art of cultivating the land and its various components to improve its appearance and functionality. It is aimed at improving the quality of life for humans and animals on the earth's surface.
Landscaping can include the following:
Planting flowers, shrubs, and trees
Trimming and pruning plants
Maintaining existing plants, trees, and lawns
Installing water features such as fountains, ponds, and streams
Installing hardscaping features such as patios, walkways, and retaining walls
In summary, spring has sprung and if you need to hire someone to clean out the flower beds at an apartment complex, the type of maintenance that will be performed is landscaping, which does not have a direct effect on CFCs in the environment.
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according to strategic management, the process of strategy implementation is most important for cost leaders but much less important for focus differentiators. group of answer choices true false
The given statement "according to strategic management, the process of strategy implementation is most important for cost leaders but much less important for focus differentiators" is True because Cost leaders focus on producing goods or services at the lowest cost.
As such, the process of strategy implementation is essential for cost leaders, as it helps them ensure their cost-effectiveness and maximize their competitive advantage not for focus differentiators.
Conversely, focus differentiators have a narrower target market, so they do not need to focus on cost as much as cost leaders do. Instead, focus differentiators emphasize product differentiation, quality, and customer service.
Thus, the process of strategy implementation is less important for focus differentiators, as they do not have to invest as much effort into ensuring their cost-effectiveness.
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which has a greater impact on a company's dcf valuation - a 10% change in revenue or a 1% change in the discount rate
It depends. The 10% difference in sales will often have a bigger effect. This shift in revenue affects not just the revenue for the current year, but also revenue/EBITDA for years to come and even the terminal value.
A form of financial model known as discounted cash flow (DCF) valuation assesses the value of an investment based on projected future cash flows. A DCF model is predicated on the notion that a company's value is established by its ability to provide future cash flows for its owners. An investment's long-term value is assessed using a discounted cash flow valuation. A DCF valuation, for instance, is used in investment banking to assess the value of proposed mergers and acquisitions. In addition, real estate and private equity use DCF valuation.
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quinoa farms just paid a dividend of $2.95 on its stock. the growth rate in dividends is expected to be a constant 3.4 percent per year indefinitely. investors require a return of 15 percent for the first three years, a return of 13 percent for the next three years, and a return of 11 percent thereafter. what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The current share price of Quinoa farms is $81.64.
The share price of Quinoa farmsThe question states that Quinoa farms just paid a dividend of $2.95 on its stock. The growth rate in dividends is expected to be a constant 3.4% per year indefinitely. It is also mentioned that investors require a return of 15% for the first three years, a return of 13% for the next three years, and a return of 11% thereafter. It is also to be noted that the dividend growth rate is the same as the stock growth rate as it is constant.
Thus, the dividend can be represented as
[tex]D_1 = D_0 \times (1+g),[/tex]
where [tex]D_0[/tex]is the current dividend and [tex]D_1[/tex]is the next year's dividend.
Using the given information, we can calculate the dividend at the end of year 3 as:
[tex]\$2.95 \times (1+0.034)^3[/tex] [tex]= \$3.24[/tex]
Thus, we can calculate the current value of the share price as follows:
[tex]P_0 = D_1 / (k-g) + [P3 / (1+k)^3][/tex]
[tex]P_0 = \frac{\$3.24}{(0.15-0.034)} +\frac{[\$3.24 \times (1+0.034)^3] }{ (1+0.13)^3 \times (0.13-0.034)} + \frac{[\$3.24 \times (1+0.034)^6]}{(1+0.11)^6 \times (0.11-0.034)}[/tex]
[tex]P_0 = \$81.64[/tex]
Therefore, the current share price of Quinoa farms is $81.64.
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the town of homestead only has one movie theater, the bijou. assume that the bijou is earning a normal profit in the short run. (a) draw a correctly labeled graph for the bijou, showing the profit-maximizing quantity and price of tickets, labeled as qm and pm respectively. (b) can a monopolist earn a positive profit in the long run? explain.
The Bijou produces the amount that maximises profit and charges the amount that maximises profit, where MR=MC, assuming that the Bijou is making a typical profit.
How did Edison's trust attempt to exert influence over the film industry?The Patents Company, also called the Trust, was founded by Thomas Edison. They had extensive power over the film business. They have a set of standards that each production had to follow in order for them to sponsor it.
How did Edison and the trust maintain control over the movie business monopoly?In retaliation, the Edison Trust filed 289 infringement lawsuits against IMP, costing the business close to $30,000 in legal fees.
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the information age is a period in history where the production, distribution, and control of information is the primary driver of the economy. true false
The information era is a historical epoch in which the production, dissemination, and control of information is the dominant economic driver.
According to Bell's Law, a new computer class emerges nearly every decade, producing a new industry.
It is distinguished by a quick transition from traditional industries created during the Industrial Revolution to an economy based on information technology.
The invention of the transistor in the optical amplifier in and Unix time, which began on January 1, 1970, has been linked to the onset of the Information Age, and serves as the basis for Coordinated Universal Time and the Network Time Protocol.
These technical advancements have had a profound impact on the processing and transmission of information.
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distribution examines how income is divided between____ and____
Distribution examines how income is divided between producers and resource owners.
The distribution of income is a statistical measure of how many people earn or get various amounts of income. However, a common misconception among economists and the general public is that income is something that society "distributes" to its beneficiaries passively. The Gini index calculates the income distribution of a population.
A higher Gini index indicates greater inequality, with high earners accounting for disproportionately larger shares of the population's overall income. The two primary measurements of distribution shape employed in statistics are skewness and kurtosis. Powers of the third and fourth discrepancies between the sample data values and the distribution mean are used to calculate the measures.
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what is a good example of how trade agreements encourage globalization? prevention of war and civil strife increase in the national debt increase in cultural understanding elimination of cross-border barriers
A good example of how trade agreements encourage globalization is the elimination of cross-border barriers.
This involves eliminating tariffs, quotas, and other restrictions on goods and services crossing international borders.
This encourages an increase in international trade and investment, which leads to increased economic growth and increased interdependence between countries.
This economic interdependence can lead to an increase in cultural understanding, decreased war and civil strife, and a decrease in the national debt.
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by stressing the importance of values such as humanism, democracy, and individual development, organization development (od) theory reinforces the image of a change manager as .
By stressing the importance of values such as humanism, democracy, and individual development, organization development (OD) theory reinforces the image of a change manager as an empathic, participative, and transformational leader.
What is Organization development (OD) theory?Organization development (OD) theory emphasizes several values that reinforce the image of a change manager as an empathic, participative, and transformational leader. Humanism, democracy, and individual development are among the values emphasized by OD theory.
OD theory advocates that managers must embrace and celebrate the diversity of the people and ensure that everyone is respected and valued. They must also develop a culture that fosters democratic participation and is collaborative, participative, and empowering.
A manager must have a deep understanding of people's needs and be empathic, i.e., they must be able to put themselves in the shoes of others. It is a set of principles, techniques, and strategies that promote human and organizational growth, development, and change.
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market share in the forest products industry is divided as follows: two firms control 20% of the market each three firms control 10% of the market each the market is divided equally among the remaining five firms the herfindahl-hirschman index for the industry is closest to:
The Herfindahl-Hirschman index for the forest products industry is closest to 2000
The market share in the forest products industry is divided as follows: Two firms control 20% of the market each. Three firms control 10% of the market each. The market is divided equally among the remaining five firms. Herfindahl-Hirschman Index for Forest Products Industry
Herfindahl-Hirschman Index (HHI) is a measure of industry concentration, which is calculated by squaring the market shares of each company in the industry and then summing them together. Herfindahl-Hirschman Index for the forest products industry can be calculated as follows:
HHI = (0.20^2 + 0.20^2 + 0.10^2 + 0.10^2 + 0.10^2) x 10000HHI = 2000
Therefore, the Herfindahl-Hirschman index for the forest products industry is closest to 2000. This suggests that the industry is moderately concentrated, with a moderate degree of competition.
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the tax on the purchase of goods or services is called _____________.
The tax on the purchase of goods or services is called a sales tax.
A sales tax is a consumption tax that is levied on the sale of goods and services at the point of purchase. It is typically a percentage of the price of the item being purchased and is added to the total cost of the item at the time of sale. The amount of sales tax collected is usually remitted to the government by the seller.
Sales taxes are a common source of revenue for state and local governments, as they can generate significant funds to support government programs and services. The rate of sales tax can vary by jurisdiction, and some states or municipalities may exempt certain items or have different rates for different types of items.
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crossfade corp. has a bond with a par value of $2,000 that sells for $2,063.84. the bond has a coupon rate of 6.69 percent and matures in 19 years. if the bond makes semiannual coupon payments, what is the ytm of the bond?
The YTM is 3.1 percent.
The yield to maturity (YTM) of the bond is 3.1 percent.
What is YTM?
The yield to maturity (YTM) is the overall interest rate for a bond, assuming the bond is held until maturity, and all interest payments and principal are collected. It is an estimation of the bond's future yield.
The following formula is used to calculate the YTM:
PV = PMT [1 - 1 / (1 + r)^n] / r + FV / (1 + r)^n
Where:
PMT: Bond's semi-annual coupon payments, which is par value times the coupon rate of 6.69% / 2, which is $67.
FV: Par value of the bond, which is $2,000.
n: The total number of semi-annual coupon payments, which is 19 years x 2, or 38 semi-annual payments.
PV: The bond's price or present value, which is $2,063.84.
r: The bond's yield to maturity, or overall rate of interest, must be determined.
Substituting the values in the formula, we get:
2,063.84 = 67 [1 - 1 / (1 + r)^38] / r + 2,000 / (1 + r)^38
The YTM can be calculated by trial and error or by using Excel, but it will be calculated through trial and error in this case. Since the present value of the bond is less than its par value, the YTM must be greater than the coupon rate, which is 6.69% / 2 or 3.345%.
Through trial and error, we find that the YTM is 3.1 percent.
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hunter sailing company exchanged an old sailboat for a new one. the old sailboat had a cost of $300,000 and accumulated depreciation of $150,000. the new sailboat had an invoice price of $326,000. hunter received a trade in allowance of $166,000 on the old sailboat, which meant the company paid $160,000 in addition to the old sailboat to acquire the new sailboat. if this transaction has commercial substance, what amount of gain or loss should be recorded on this exchange? multiple choice $166,000 gain $0 gain or loss $16,000 gain $150,000 loss $16,000 loss
This is calculated by subtracting the cost of the old sailboat ($300,000) from the trade-in allowance ($166,000) and the additional payment for the new sailboat ($160,000), resulting in a total of ($300,000 - $166,000 - $160,000 = -$16,000).
What is the Hunter Sailing Company's entry to record the exchange, assuming that the transaction has commercial substance?The debit and credit entry for the Hunter Sailing Company's entry to record the exchange is given below:
New sailboat ($326,000 - $166,000) = $160,000 Old sailboat ($300,000 - $150,000) = $150,000 Cash paid ($160,000) = $160,000
When there is commercial substance, a gain or loss is realized in nonmonetary exchanges such as trading old equipment for new equipment. When the fair value of the asset received is greater than the book value of the asset given up, a gain occurs. In addition, the gain would be equal to the fair value of the new asset received minus the book value of the old asset given up (plus any cash paid), less any cash received. As a result, a gain of $16,000 (calculated as follows) would be recorded by Hunter Sailing Company:
New sailboat ($326,000 - $166,000) = $160,000 Old sailboat ($300,000 - $150,000) = $150,000 Cash paid ($160,000) = $160,000Gain on the Exchange $16,000
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Which of the following activities demonstrates the primary business activity of marketing:
- the business prepares for long-term success by planning and organizing
- the business meets customers' needs by offering appropriate products
- the business expects to merge with another business in the industry
- the business hire qualified employees to perform complex job duties
The business meets customers' needs by offering appropriate products is the primary business activity of marketing.
Marketing is the process of promoting, selling, and distributing products or services to customers or clients. It involves understanding the needs and wants of potential customers and developing strategies to communicate and deliver value to them.
Marketing encompasses a wide range of activities, including market research, advertising, public relations, branding, pricing, and sales. Its ultimate goal is to create and maintain a strong relationship between a company and its customers, leading to increased sales and brand loyalty. Effective marketing can help businesses achieve their goals, including increasing revenue, expanding market share, and building brand awareness.
Therefore, the activity that best demonstrates the primary business activity of marketing is the business meets customers' needs by offering appropriate products.
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which of the following is false? group of answer choices both are true the direct write-off method shows the receivable on the balance sheet at its net realizable value the direct write-off method is not allowed in gaap under any circumstances both are false
The statement "The direct write-off method shows the receivable on the balance sheet at its net realizable value" is false because The direct write-off method does not show the receivable on the balance sheet at its net realizable value.
Instead, the direct write-off method is used when a customer's receivable balance is not collectible and is written off directly as an expense.
This method does not recognize the amount as a receivable or show it on the balance sheet at all. While the direct write-off method is not allowed under GAAP, companies are allowed to use other methods to write off bad debts.
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complete question:
which of the following is false?
the direct write-off method shows the receivable on the balance sheet at its net realizable value.
the direct write-off method is not allowed in gaap under any circumstances .
which of the following is shown in the sony group summary chart? a. formal reporting relationships b. procedures c. controls d. authority and decision-making processes
Reporting relationships refers to an organizational shape in which every employee is positioned someplace on an organizational chart. The personnel document to the employee who is listed above them on the organizational chart.
What is an instance of reporting relationship?For example, a technical man or woman may additionally file to both their direct manager as properly as a mission supervisor if they are involved in any other department in some capacity
A reporting shape refers to the interrelationship between a number of authorities in a company. This is a hierarchal chain of command that clarifies who reports to whom. Some reporting constructions are self-evident in small corporations that solely have a few employees.
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https://brainly.com/question/29704420#SPJ1____occurs when an asset is no longer useful, but cannot be sold.
In the following question, among the conditions given, The term that occurs when an asset is no longer useful, but cannot be sold is known as scrap value.
A large number of businesses and firms face this issue on a daily basis. You will be able to recognize it better if you read through the following definition. Scrap value definitionThe scrap value is the value that an asset has after it has reached the end of its useful life. The asset can no longer be used to produce goods or services that can be sold. It is the money that will be earned from disposing of the asset.
It is frequently expressed as a percentage of the asset's original cost or acquisition cost.Scrap value is also known as salvage value or residual value. It is the amount of money that a company can earn by selling an asset that is no longer in use. In most cases, the scrap value of an asset is lower than the book value of the asset.
How is scrap value calculated? Scrap value can be calculated in two ways:Scrap value = Resale value - Cost of removing and disposing of the assetScrap value = Book value - Cost of removing and disposing of the asset, whichever is higher.
What is the importance of scrap value? Companies should always consider scrap value while determining the useful life of an asset. It is also useful for determining depreciation. It will assist the company in determining the asset's total cost, including the scrap value, which will help it in making an informed decision.
The scrap value will assist the company in determining the asset's worth and if the investment made in the asset is profitable or not. It will assist them in determining if they should continue to use the asset, dispose of it or replace it with a new one. It will assist the company in making the best decision for its future profitability.
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janelle loves sashimi. her first piece of sashimi normally gives her a marginal benefit of $5. each additional piece yields a marginal benefit that declines by $0.25 per piece. if her favorite sushi bar charges $2.75 per piece of sashimi, how many pieces should she eat? 5 10 8 11
We need to find out how many pieces Janelle should eat if her favorite sushi bar charges $2.75 per piece of sashimi.
Given the marginal benefit of her first piece of sashimi as $5, and each additional piece yields a marginal benefit that declines by $0.25 per piece.
Thus, the equation for the total benefit that Janelle receives from eating sashimi is given by,B(P) = MB(1) + MB(2) + MB(3) + … MB(n)
Where,
B(P) = total benefit received by eating P pieces of sashimiMB(n) = marginal benefit of eating the nth piece of sashimiSubstituting the given values into the equation: B(P) = $5 + ($4.75) + ($4.50) + ($4.25) + … + ($0.25)
We know that P pieces cost Janelle $2.75 per piece, so the total cost to her for P pieces is C(P) = $2.75P
We know that the equation for total surplus is given by:
S(P) = B(P) – C(P)
We need to find the value of P that maximizes the total surplus, i.e., the value of P at which the total surplus is the highest. To do this, we differentiate S(P) with respect to P and equate the derivative to zero.
dS(P)/dP = 0d(B(P) – C(P))/dP = 0d(B(P))/dP – d(C(P))/dP = 0MB(1) – 2.75 = 0MB(1) = 2.75MB(1) = $5 – $2.75MB(1) = $2.25
Therefore, Janelle should eat 8 pieces of sashimi, given that her favorite sushi bar charges $2.75 per piece of sashimi.
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the market price of a stock is $24.77 and it just paid a dividend of $1.47. the required rate of return is 11.38%. what is the expected growth rate of the dividend? g
Market price of a stock is $24.77 and it just paid a dividend of $1.47. The required rate of return is 11.38%. Therefore, expected growth rate of the dividend is 4.58%.
The dividend growth rate is the rate at which a corporation increases its dividend payments. A company that issues dividends might increase its dividend payment by a small percentage in some years, or it might not change the dividend payment at all in others. Companies that have a track record of raising their dividends year after year are known as dividend-growth companies, and they can be valuable long-term holdings. To calculate the dividend growth rate (g), we use the following formula:
g = (Dividend payment in the next year - Dividend payment this year) / Dividend payment this year
Here we have
Dividend payment this year = $1.47
Market price of a stock = $24.77
Required rate of return = 11.38%
Dividend payment next year (D1) is unknown, so we must estimate it using the dividend payout ratio and earnings per share.
Earnings per share = Dividend payout ratio x EPS
Dividend payout ratio is the proportion of a company's earnings that it pays out as dividends. To get the payout ratio, we divide the dividend payment by earnings per share. Suppose that the payout ratio is 40%. Therefore,
D1 = EPS x (1 + g) = 1.47 x (1 + 40%) = $2.06
We'll now calculate the expected growth rate of the dividend
g = (D1 - D0) / D0 = (2.06 - 1.47) / 1.47 = 0.3952
g = 39.52%
g = 4.58%(rounded to the nearest hundredth)
Hence, the expected growth rate of the dividend is 4.58%.
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what kind of real estate advertisement in arizona features only a phone number or address as identifying information?
Real estate advertisements in Arizona that feature only a phone number or address as identifying information are classified as "Pocket Listings".
This type of listing does not appear on the MLS, which means that it is not openly advertised to the public. Instead, agents share it with a select group of buyers and their affiliates, often as an exclusive offering. Pocket Listings can be a great way to find a property without competition, but they can also limit a buyer’s options if they are looking for a specific type of property.
In addition to the lack of public exposure, buyers should be aware of other possible pitfalls. Agents who market pocket listings may not provide a full disclosure of the property, so buyers should ask for a detailed inspection report and have it thoroughly reviewed. It is also important to have a lawyer review any paperwork before signing.
Overall, pocket listings can provide a great opportunity to purchase a property without competition, but buyers should also be aware of the potential pitfalls.
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The single most important idea the company hopes to convey to its target audience about a product is the a) promotional mix. b) marketing mix. c) core message. d) call to action. e) media mix.
The core message is the single most important idea the company hopes to convey to its target audience about a product.
It conveys the product's key benefits, purpose, and value to the customer. This core message should be the focus of all marketing efforts.
The core message is the foundation of a successful promotional and marketing mix. The promotional mix is composed of all of the tools used to communicate with customers and prospects, such as advertising, sales promotions, public relations, direct marketing, and online marketing.
The marketing mix focuses on the product itself, such as price, distribution, packaging, and positioning. The media mix is composed of the media used to convey the message, such as print, radio, TV, and digital.
Finally, the call to action is the key phrase that encourages customers to take the desired action, such as “Buy Now” or “Sign Up Today”.
By understanding the core message and incorporating it into all marketing efforts, the company can effectively target their desired audience and increase the chances of converting them into customers. The core message should be clear, concise, and memorable to ensure that it is effectively communicated to the target audience.
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select all that apply which of the following responsibilities should not be given to the accounting department? (select all that apply.) multiple select question. recording the journal entry preparing the purchase order preparing the receiving report preparing the purchase requisition
The accounting department should not be given the following responsibilities: Preparing the purchase requisition, Preparing the purchase order, Preparing the receiving report.
The accounting department is responsible for handling accounting functions, such as financial statements, accounts payable and receivable, and other finance-related tasks. However, there are certain responsibilities that should not be assigned to the accounting department, such as the following:
Preparing the purchase requisition: This is a function that is typically performed by the purchasing department. The purchasing department is responsible for identifying the need for goods or services and issuing purchase requisitions to the appropriate vendors.Preparing the purchase order: This is another function that is typically performed by the purchasing department. The purchasing department is responsible for placing orders with vendors and ensuring that the goods or services are delivered as specified in the purchase order.Preparing the receiving report: This is a function that is typically performed by the warehouse or receiving department. The receiving department is responsible for verifying that the goods or services have been received as specified in the purchase order and preparing a receiving report to document the receipt of the goods or services.Learn more about goods or services visit:
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karen company had an unadjusted bank balance of $1,200. there were $200 of deposits in transit and $400 outstanding checks. the bank erroneously charged karen a $100 service charge. based on this information, the karen's true cash balance is .
Karen's true cash balance is $900.
To determine Karen's true cash balance, we need to adjust the unadjusted bank balance for the items that are not reflected in the bank statement. Deposits in transit and outstanding checks are two such items.
Adding the deposits in transit of $200 to the unadjusted bank balance of $1,200, we get a total of $1,400. Deducting the outstanding checks of $400 from this total gives us an adjusted bank balance of $1,000.
Next, we need to consider the bank service charge of $100, which has been deducted from the unadjusted bank balance. This reduces the adjusted bank balance to $900.
Therefore, Karen's true cash balance is $900, which is the adjusted bank balance after considering the deposits in transit, outstanding checks, and the bank service charge.
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which of the following activities is most likely to be overlooked when doing a process flow analysis? question 30 options: 1) operations 2) inspections 3) delays 4) storages
All four of the aforementioned activities—operations, inspections, delays, and storage—are crucial parts of several processes and should be properly taken into account during a process flow analysis.
By dissecting a process or system into its constituent phases or activities, a method known as flow analysis can be used to analyse it. It entails recording the order of events, the flow of supplies or information, and the positions and duties of the individuals participating in the process. A process's inefficiencies, bottlenecks, or waste can be found via flow analysis, which also offers insights into prospective process enhancements. It is widely utilised in many different industries, including manufacturing, healthcare, and service industries. It is an important tool for process improvement initiatives like Lean Six Sigma. Organizations can improve their operations and general performance by better understanding a process' flow.
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what should be included in the body of an adjustment letter? check all that apply. an explanation of compliance a statement that discourages future business transactions an acknowledgement of negligence an attempt to regain customer confidence a statement that rebuilds faith in future business
The body of an adjustment letter should include an explanation of compliance, an acknowledgement of negligence, and an attempt to regain customer confidence. The correct answers are options a, b, and c.
An adjustment letter is a formal document that is written in response to a customer complaint. It is written to rectify the mistake, to rectify the customer's complaint and restore their trust in the company. The body of an adjustment letter should include certain elements. These elements include the following:
An explanation of compliance - An adjustment letter should include an explanation of the company's compliance with the customer's request or demand.An acknowledgement of negligence - The letter should acknowledge the company's fault and apologize for any inconvenience caused to the customer.An attempt to regain customer confidence - The letter should express the company's commitment to keeping the customer satisfied and to maintain a positive business relationship with them.Thus, the correct answers are options a, b, and c.
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the rand health insurance experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose). true false
The statement "The RAND Health Insurance Experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose)" is True.
What is the RAND Health Insurance Experiment?The RAND Health Insurance Experiment (HIE) was a randomized controlled experiment designed to assess the economic implications of various free-for-service health insurance plans in the United States.The RAND Health Insurance Experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose).
The HIE provided a wealth of information on the price elasticity of healthcare services (i.e., how healthcare utilization varies with changes in its price). Thus, the experiment was particularly helpful in quantifying the price elasticity of healthcare services.
How does price elasticity relate to the RAND Health Insurance Experiment?The RAND Health Insurance Experiment (HIE) was conducted in the 1970s and aimed to study the effects of cost-sharing and managed care plans on the utilization of medical services. The experiment was important because it provided a wealth of information on the price elasticity of healthcare services, i.e., how healthcare utilization varies with changes in its price.
The researchers' findings showed that price elasticities for a range of medical services are relatively high, particularly for ambulatory care services (primary care, specialty care, and outpatient diagnostic procedures). In general, the results suggested that individuals use less medical care when their insurance plans' out-of-pocket costs are higher.
Finally, the HIE provided a wealth of information on the optimal design of cost-sharing and managed care plans. The RAND Health Insurance Experiment (HIE) was particularly useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose). The RAND Health Insurance Experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose).
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broker stevens listed a property. his agent yamasaki holds an open house and locates a buyer for the property. yamasaki gives the buyer some negotiating advice but does not disclose that she represents the seller. yamasaki has probably created a/an:
The activity that Yamasaki has engaged in is probably considered as Dual Agency. In this type of agency, a real estate agent or broker works on behalf of both the buyer and the seller simultaneously.
What is dual agency?Dual agency is a concept that is used in real estate to describe a situation in which an agent or broker represents both the buyer and the seller in a real estate transaction. A dual agent is prohibited from sharing confidential information from one client with the other client.
Dual agency is often criticized for being a conflict of interest. The activity that Yamasaki has engaged in is probably considered as Dual Agency. In this type of agency, a real estate agent or broker works on behalf of both the buyer and the seller simultaneously.
Listed a property means that an agent or broker has agreed to list a property for sale or rent. When a broker or agent has listed a property, they are responsible for advertising it to prospective buyers or renters. It is the agent or broker's responsibility to market the property and attract potential buyers or renters.
Therefore, the activity that Yamasaki has engaged in is probably considered as Dual Agency.
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