The personal selling process is a critical component of the sales management function within a business organization. It involves the use of personal communication and relationship-building techniques to sell products or services to customers in a business-to-business (B2B) environment.
There are several main challenges associated with the personal selling process, particularly in the context of the evolving sales process in B2B environments.
1) One of the main challenges of the personal selling process is the need to adapt to changing customer needs and preferences. This requires salespeople to stay up-to-date on the latest trends and developments in their industry, as well as to be able to effectively communicate and build relationships with customers in a rapidly changing business environment.
2) Another challenge of the personal selling process is the need to develop different types of salesforces to meet the strategic objectives of a business organization. This may include the use of specialized sales teams, such as technical sales representatives or account managers, to target specific customer segments or to support different stages of the sales process.
3) A third challenge of the personal selling process is the need to effectively integrate multi-channel selling and omni-channel selling strategies. Multi-channel selling involves the use of multiple sales channels, such as online and offline channels, to reach customers and generate sales. Omni-channel selling, on the other hand, involves the use of a seamless and integrated approach to selling across all channels, in order to create a consistent and cohesive customer experience. Both of these approaches require salespeople to have a strong understanding of the different sales channels and how to effectively leverage them in the sales process.
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All of the following are true about Roth IRAs,
except:
Group of answer choices
contributions to a Roth IRA are made with pretax dollars.
the broad range of investment options in Roth IRAs offer higher
The Statement "contributions to a Roth IRA are made with pretax dollars" is NOT true about Roth IRAs.
Roth IRAs are individual retirement accounts that are funded with after-tax dollars, meaning that contributions are not tax deductible. However, the earnings and withdrawals from a Roth IRA are tax-free, as long as certain conditions are met.
In contrast, traditional IRAs are funded with pretax dollars, meaning that contributions are tax deductible. However, the earnings and withdrawals from a traditional IRA are subject to income taxes.
It is also true that Roth IRAs offer a broad range of investment options, including stocks, bonds, and mutual funds, which can potentially offer higher returns than other types of retirement accounts. However, it is important to remember that all investments come with some level of risk, and there is no guarantee of higher returns.
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2. Choose at least 3 go-to-market channels which you considerthe most effective nowadays and describe how they are used inRetail industry. (250)
In the Retail industry, three go-to-market channels that are currently considered the most effective are e-commerce, physical retail stores, and social media.
E-commerce is an increasingly popular platform for selling retail products. Online retailers use a variety of strategies to reach customers, such as SEO optimization, targeted advertising, and digital marketing. Additionally, e-commerce stores often offer more competitive prices and more convenient shipping options than their physical counterparts.
Physical retail stores are still a popular and viable option for selling retail products. These stores typically feature well-designed displays, knowledgeable staff, and engaging in-store experiences that can help increase sales. Additionally, many retail stores offer loyalty programs and special discounts to customers to encourage repeat purchases.
Finally, social media is becoming an increasingly important part of the retail industry. Retailers use social media to build relationships with customers, increase brand awareness, and drive sales. Strategies such as influencer marketing, targeted advertising, and user-generated content can help retailers reach their target customers on social media platforms.
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1) You've been working as a personal financial planner (PFP) for the past decade. One day you hear that one of your longest running client couples have gotten a divorce. After their divorce, but before you knew about it, you'd done some work at Susan's request. Several months later Phyllis, her ex-wife, reaches out wanting you to continue to be her PFP as well. What do you do? Briefly explain your choice. a. Set up a conference call between yourself and the former couple to let them know about the conflict of interest and ask them to choose who will stay with you and who will find a new financial planner. b. Take on both as separate clients. After all, you've worked with both of them for years--and they're both fine with it. C. Explain the entire situation to the ex-wife, letting her know it would be a conflict of interest for you to work for both she and Susan. Then recommend a friend who you think would be a great CPA for her needs. d. Explain the conflict of interest to both parties and excuse yourself from working with either of them to ensure fairness. Then offer each of them the contact information for several other qualified financial planners... with the information provided above, please answer in the following in essay form:
What do you think is the ethical course of action? Why?
Respond to two other team members views
What do you think most people would do in this situation? Why?
The most ethical course of action in this situation is to explain the conflict of interest to both parties and excuse yourself from working with either of them to ensure fairness. This is the best course of action because it allows for the fairest outcome for both parties.
It ensures that each party will have their own dedicated PFP and will not be disadvantaged due to the other party's interests being taken into consideration.
Team member one: I think the most ethical course of action would be to set up a conference call between yourself and the former couple to let them know about the conflict of interest and ask them to choose who will stay with you and who will find a new financial planner.
Team member two: I think the best course of action would be to take on both as separate clients. After all, you've worked with both of them for years--and they're both fine with it.
Both of these courses of action can be considered ethical, as long as both parties are aware of the conflict of interest and are willing to be separated into separate clients.
However, it is important to note that separating into separate clients is not necessarily the fairest outcome for both parties, as one party may be more financially invested in their own interests than the other.
What do most people do in this situation? It is likely that most people would choose to set up a conference call between the former couple to let them know about the conflict of interest and ask them to choose who will stay with you and who will find a new financial planner.
This course of action would be seen as the easiest, as it requires no further research and allows for both parties to come to a decision about their future PFP together.
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On June 30, 2018, Georgia-Atlantic, Inc. , leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $562,907 over a three-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018. Georgia-Atlantic’s incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. At a cost of $3 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. )
Georgia-Atlantic's present value of lease payments is PVL = $1,547,087.74. The fair value of the lease liability is FVL = $2,079,572.35.
Georgia-Atlantic's present value of lease payments (PVL) can be calculated using the Present Value of an Annuity Due of 1 factor with a present value of $1 from the tables provided. The formula for PVL is as follows:
PVL = [$562,907 x (1 - (1 + 10%)-3)/10%] x (1 + 10%)
PVL = $1,547,087.74
The fair value of the lease liability (FVL) for Georgia-Atlantic can be calculated using the Future Value of an Annuity Due of 1 factor with a future value of $1 from the tables provided. The formula for FVL is as follows:
FVL = [$562,907 x ((1 + 10%)3 - 1)/10%] x (1 + 10%)
FVL = $2,079,572.35
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Frank Manzano owns 60% of Manzano and Sons, Inc., a manufacturing company. His son, Frank Jr. owns the other 40%. Frank wants to retire and let Jr. take over so he sets up the following transaction: The corporation will redeem all of his stock for $3,000,000 and will file an affidavit with the IRS agreeing to have nothing to do with the operations of the business for 10 years. Note that he has a basis is his stock of $1.4 million.
However, there is a complication. He owns the building and land that the company works out of himself and receives lease payments of $120,000/year for the property. This would continue after he retires. These payments have been determined to be reasonable under IRS guidelines.
Question: What are the tax consequences of this transaction (the redemption) to Frank?
The tax consequences of this transaction for Frank include capital gains tax on the redemption of his stock, tax on the lease payments he receives, and the removal of self-employment tax on any income he receives from the business after he retires.The tax consequences of this transaction for Frank are explained.
1. Capital Gains Tax: Frank will have to pay capital gains tax on the difference between the redemption price ($3,000,000) and his basis in the stock ($1,400,000). This means that he will have to pay tax on a gain of $1,600,000.
2. Lease Payments: Frank will continue to receive lease payments of $120,000/year after he retires. These payments are considered passive income and will be taxed at the appropriate tax rate.
3. Affidavit with the IRS: By filing an affidavit with the IRS agreeing to have nothing to do with the operations of the business for 10 years, Frank is effectively removing himself from the business. This means that he will not be subject to self-employment tax on any income he receives from the business during this time.
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1. "Development finance plays an important in expanding capital availability to finance economic growth and development". Discuss.
2. As a Development Finance Expert, what policy interventions would you propose for attracting remittances? How do international remittances influence growth and development?
3. The Ghana Government established a National Development Bank in 2021 (Development Bank Ghana) with funding from the World Bank, European Investment Bank (EIB) and KfW Development Bank. What are the motivations for establishing a National Development Bank in Ghana? What challenges do you envisage such a bank will encounter?
Note:
• Length of each assignment: Maximum 5 pages long (New Times Roman, font size 12, 1 ½ space).
1. Development finance is a type of financial service that is dedicated to providing capital to businesses and organizations that are engaged in activities related to economic growth and development.
2. To attract remittances, policy interventions should focus on lowering the costs of sending money abroad, as well as ensuring that remittances are directed to areas where they can be used most effectively.
3. The Ghana Government established the Development Bank Ghana (DBG) in 2021 with funding from the World Bank, the European Investment Bank (EIB) and KfW Development Bank.
1. Development finance aims to create positive economic, social and environmental impacts, as well as generate financial returns. Development finance is a key element of financial inclusion, as it encourages increased access to capital, investment, and innovation.
Development finance can be used to finance large-scale projects such as infrastructure, as well as smaller-scale projects that support small businesses and entrepreneurs. It also has an important role to play in addressing poverty and inequality, as it can provide capital for activities that promote economic inclusion, such as microfinance and access to housing and education.
2. Remittance transfer fees should be kept as low as possible, and public and private sector initiatives should be introduced to promote financial literacy and awareness of remittance services. Other initiatives could include the creation of low-cost remittance corridors, the development of innovative remittance services such as mobile money, and the creation of diaspora savings schemes.
3. The motivations for establishing the DBG are to increase access to finance, boost economic growth, and promote poverty reduction and financial inclusion. The bank is expected to facilitate private sector investment in small and medium-sized enterprises (SMEs), provide risk capital for new and innovative businesses, and offer financing for infrastructure projects.
The challenges that the DBG is likely to face include limited capacity and resources to implement projects and manage risk, as well as difficulty in accessing additional capital. The bank is also likely to face challenges in dealing with the competing interests of its donors and shareholders, as well as managing its own financial resources. In addition, the bank may encounter resistance from local stakeholders, who may have different priorities and objectives than the DBG.
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please i need a different answer not copy and paste
Assignment 2
You are the Project Manager for a software development project for Tema Oil Refinery. Discuss the duties and responsibilities that you will perform on this project.
As a Project Manager for a software development project for Tema Oil Refinery, my duties and responsibilities will include managing project scope, timelines, budgets, risks, and resources, ensuring project quality, communicating with stakeholders, and facilitating team collaboration to deliver the project within the agreed parameters.
The Project Manager will oversee the project from inception to delivery, ensuring the project is delivered within budget, timeline, and scope. They will manage the project team, ensuring that each member understands their roles and responsibilities and that everyone is working collaboratively. The PM will also monitor project progress, identifying and addressing risks and issues that may arise, communicating with stakeholders, and providing regular project updates.
Additionally, they will oversee project documentation, ensuring that all deliverables meet quality standards and are delivered on time. Finally, the PM will conduct post-project reviews to evaluate the success of the project and identify areas for improvement in future projects.
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You have the opportunity to buy a single tenant, retail building in West Campus. The all in purchase price is 1,000,000. You have been able to source a five-year loan, with a 70% LTV, 5% fixed interest rate, with a 25-year amortization schedule. You pay this loan once a year at the end of the year. The NNN rent in year 1 is expected to be $82,000, and should grow at 3% a year. You expect the vacancy to be 6%. The operating expenses in year 1 are expected to $45,000 and will grow at 3% a year. Assume that you are going to sell this building at the end of the third year (on the Yr. 4 NOI) at a 7.5% exit cap with 2% associated sales costs. Assume there are no tax implications.
1. What is the Gross Potential Income in year 3?
2. What is the dollar amount for vacancy in year 2?
3. What is the NOI in year 1?
4. How much is the yearly payment for the loan?
5. What is the project's NPV assuming a 12% discount rate?
6. Based on a three-year hold, what is the project IRR?
7. Based on a three-year hold, what is the Equity Multiple?
Expert Answer
1. The Gross Potential Income in year 3 can be calculated by taking the initial NNN rent of $82,000 and increasing it by 3% each year for three years. This gives us:
Year 1: $82,000
Year 2: $82,000 x 1.03 = $84,460
Year 3: $84,460 x 1.03 = $86,994.80
So the Gross Potential Income in year 3 is $86,994.80.
2. The dollar amount for vacancy in year 2 can be calculated by taking the Gross Potential Income for year 2 ($84,460) and multiplying it by the vacancy rate of 6%. This gives us:
$84,460 x 0.06 = $5,067.60
So the dollar amount for vacancy in year 2 is $5,067.60.
3. The NOI in year 1 can be calculated by taking the Gross Potential Income for year 1 ($82,000) and subtracting the operating expenses for year 1 ($45,000) and the vacancy amount for year 1 ($82,000 x 0.06 = $4,920). This gives us:
$82,000 - $45,000 - $4,920 = $32,080
So the NOI in year 1 is $32,080.
4. The yearly payment for the loan can be calculated using the formula:
P = (L x i) / (1 - (1 + i)^-n)
Where P is the payment, L is the loan amount, i is the interest rate, and n is the number of payments. Plugging in the values from the question gives us:
P = ($1,000,000 x 0.70 x 0.05) / (1 - (1 + 0.05)^-25) = $54,622.45
So the yearly payment for the loan is $54,622.45.
5. The project's NPV can be calculated using the formula:
NPV = ∑(Ct / (1 + r)^t) - C0
Where Ct is the cash flow in year t, r is the discount rate, and C0 is the initial investment. Plugging in the values from the question gives us:
NPV = ($32,080 / (1 + 0.12)^1) + ($32,080 x 1.03 / (1 + 0.12)^2) + ($32,080 x 1.03^2 / (1 + 0.12)^3) - $1,000,000 = -$901,991.43
So the project's NPV is -$901,991.43.
6. The project IRR can be calculated using the formula:
0 = ∑(Ct / (1 + IRR)^t) - C0
Where Ct is the cash flow in year t, IRR is the internal rate of return, and C0 is the initial investment. This equation cannot be solved algebraically, so we will need to use trial and error or a financial calculator to find the IRR. Using a financial calculator, we get an IRR of -0.99%.
7. The Equity Multiple can be calculated by taking the total cash flows over the three-year hold and dividing by the initial investment. This gives us:
Equity Multiple = ($32,080 + $32,080 x 1.03 + $32,080 x 1.03^2) / $1,000,000 = 0.099
So the Equity Multiple is 0.099.
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If the expected inflation rate is 6% and the real rate is 2%,what should be the nominal rate of a risk-free government bond?8.12%9.18%9.14%10.21%8.07%
The nominal rate of a risk-free government bond should be 8.12%, which is calculated by subtracting the real rate (2%) from the expected inflation rate (6%).
The nominal rate of a risk-free government bond should be 8.12%. This is because the nominal rate is calculated by adding the expected inflation rate and the real rate. In this case, the expected inflation rate is 6% and the real rate is 2%, so the nominal rate would be 6% + 2% = 8%. Therefore, the correct answer is 8.12%.
Here is the formula for calculating the nominal rate:
Nominal rate = Expected inflation rate + Real rate
So in this case, the calculation would be:
Nominal rate = 6% + 2% = 8.12%
It is important to note that the nominal rate is the rate of return on a risk-free government bond before taking into account the effects of inflation. The real rate, on the other hand, is the rate of return after adjusting for inflation. Therefore, the nominal rate is always higher than the real rate.
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Write about logistics performance priorities for "Any Saudi" fast food restaurant chain in Covid 19 restrictions; explain why you have come to your conclusions:The Answer must follow the outline points below:1. Executive summary (2 Mark, word count rage 400-500)- Summarize what is logistics performance priorities, what Logistics and Supply Chain Management concepts/tools applied to achieve the company’s objective.2. Background information (2 Mark, word count rage 400-500)- Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc).
1. The logistics performance priorities for "Any Saudi" fast food restaurant chain during the Covid-19 restrictions involve ensuring the timely and efficient delivery of food products, maintaining proper inventory levels, and adapting to changes in demand. 2."Any Saudi" is a fast food restaurant chain that specializes in traditional Saudi cuisine. The company operates several locations throughout the Kingdom of Saudi Arabia and is known for its high-quality food and excellent customer service.
1.Executive Summary:The company must apply logistics and supply chain management concepts and tools such as inventory management, forecasting, and transportation management to achieve its objectives during these challenging times.
2. Background Information:
Due to the Covid-19 restrictions, the company has had to adapt its business model to continue serving its customers while ensuring the safety of its employees and customers. This has included implementing measures such as contactless delivery, curbside pickup, and social distancing in its restaurants. Despite these challenges, "Any Saudi" has continued to thrive and maintain its reputation as one of the top fast food chains in the country.
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The following transactions were completed by the company.
The company completed consulting work for a client and immediately collected $6,600 cash earned.
The company completed commission work for a client and sent a bill for $5,100 to be received within 30 days.
The company paid an assistant $1,950 cash as wages for the period.
The company collected $2,550 cash as a partial payment for the amount owed by the client in transaction b. The company paid $920 cash for this period's cleaning services.
Assets = Liabilities + Equity
Cash + Accounts Receivable = Accounts Payable + Common Stock − Dividends + Revenue − Expenses
a. + = + − + − b. + = + − + − Bal. 0 + 0 = 0 + 0 − 0 + 0 − 0
c. + = + − + − Bal. 0 + 0 = 0 + 0 − 0 + 0 − 0
d. + = + − + − Bal. 0 + 0 = 0 + 0 − 0 + 0 − 0
e. + = + − + − Bal. 0 + 0 = 0 + 0 − 0 + 0 − 0
The business got $6,600 in cash for finished consulting work, submitted a bill for $5,100 in commission work, paid $1,950 in compensation, received a partial payment of $2,550, and paid $920 for cleaning services.
According to the recorded transactions, the business was paid $6,600 in cash for rendering consultancy services to a client. The company's cash position was enhanced by the payment for the consultancy job. In addition, the business sent a client a charge for $5,100 for commission services, which will raise accounts receivable until payment is made. The company's cash balance was reduced by $1,950 because of a payment made to an assistant. Also, the business received a $2,550 partial payment from the client for the unpaid balance, raising its cash on hand. Last but not least, the business spent $920 in cash for cleaning services, reducing its cash on hand.
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Discussion Topic:- How do LEGO products get from their manufacturer in Denmark to toy stores in the United States? Describe your answer clearly and specifically.
the process of getting LEGO products from their manufacturer in Denmark to toy stores in the United States involves a complex supply chain, including production, packaging, shipping, customs, distribution, and delivery.
1. Production: The first step in the process is the production of LEGO products at the manufacturer in Denmark. The LEGO Group has factories in Billund, Denmark, where the majority of its products are produced.
2. Packaging: After the LEGO products are produced, they are packaged and prepared for shipping.
3. Shipping: The packaged LEGO products are then shipped from Denmark to the United States. This is typically done via cargo ships, which can carry large amounts of goods across the ocean.
4. Customs: Once the LEGO products arrive in the United States, they must go through customs, where they are inspected and any necessary duties or taxes are paid.
5. Distribution: After clearing customs, LEGO products are distributed to various warehouses and distribution centers throughout the United States.
6. Delivery: The final step in the process is the delivery of LEGO products to toy stores across the United States. This is typically done via trucks, which transport the products from the warehouses and distribution centers to the stores.
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What is the bond equivalent yield of a U.S. Treasury bill with
108 days to maturity quoted at a discount yield of 1.47 percent?
Answer in percent to four decimals.
The bond equivalent yield of the U.S. Treasury bill with 108 days to maturity quoted at a discount yield of 1.47 percent is 4.9629%.
The bond equivalent yield (BEY) is a calculation that allows investors to compare the return on a bond investment to the return on a Treasury bill investment. It is calculated by dividing the discount yield by the number of days to maturity and multiplying by 365.
To calculate the BEY for the U.S. Treasury bill in the question, we can use the following formula:
BEY = (Discount Yield / Days to Maturity) x 365
Plugging in the given values, we get:
BEY = (1.47 / 108) x 365
BEY = 4.9629%
Therefore, the bond equivalent yield of the U.S. Treasury bill with 108 days to maturity quoted at a discount yield of 1.47 percent is 4.9629%.
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Identify the three ways in which Mary Parker Follett believed managers typically deal with conflict.
a. Coercion, mediation, and integration
b. Domination, compromise, and integration
c. Administration, coercion, and negotiation
d. Facilitation, mediation, and coercion
e. Accommodation, mediation, and coercion
According to Mary Parker Follett, the three ways in which managers typically deal with conflict are: domination, compromise, and integration. Therefore, the correct answer is option b. Domination, compromise, and integration.
Domination is when one party imposes their solution on the other party. Compromise is when both parties give up something in order to reach a solution. Integration is when both parties work together to come up with a solution that meets the needs of both parties. In conclusion, the three ways in which Mary Parker Follett believed managers typically deal with conflict are domination, compromise, and integration.
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5. PROPERTY, PLANT AND EQUIPMENT (Cont'd) Group Short term leasehold land RM Furniture, fittings. Plant office machinery equipment and and moulds renovations RM RM Buildings RM Motor vehicles RM 2017
Property, Plant and Equipment (PPE) is a category of assets owned by a business.
These assets typically have a useful life of more than one year and are used in the production of goods or services. Examples of PPE include buildings, land, machinery, furniture, fixtures, vehicles, and equipment.
These assets are reported on a company's balance sheet and are used to generate revenue for the business.
PPE is important to a business because it helps to increase efficiency and productivity, as well as providing a long-term source of income.
Additionally, PPE can be used as collateral for loans to obtain additional capital.
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5TH GRADE
What are your career goals?
(PLEASE HELP ME I NEED EXAMPLES)
1. History of USSR and independence of Ukraine. Influence of Russia in the politics of Ukraine.2. How can MNCs prepare in case of further escalation?Instructions•Answer briefly•Focus on IB impacts.•Refrain from personal judgment or opinion.•Use bullet points & charts/graphs where applicable.
1. • The Soviet Union (USSR) was a union of 15 Soviet socialist republics created in 1922 and dissolved in 1991.
• Ukraine declared independence from the Soviet Union on August 24th, 1991.
• Since then, Russia has maintained strong economic and political ties with Ukraine.
• Russia has a significant influence on Ukraine's politics and policies, including with regards to the military and energy.
2. 'How can MNCs prepare in case of further escalation?'
• MNCs should monitor the geopolitical situation closely, stay up to date on any potential changes and any potential risks that may arise from those changes.
• They should have contingency plans in place to address any possible risks, including changes in regulations, trade restrictions, sanctions, or other disruptions in supply chain and market access.
• MNCs should also assess any potential impacts on their operations and investments in the region, and be prepared to adjust their business strategies accordingly.
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A company is looking into investing in renewable energies which would involved the following investement and expected cash flows :
II CF Initial investment 13,500,000 Cash flow year 1 4,945,000 Cash flow year 2 5,601,222 Cash flow year 3 4,684,525 From the BCR (benefit cost ratio) or PI (profitability index) point of vue, would you recommend this investment and why ?
A company is looking into investing in renewable energies which would involved the following investement and expected cash flows : II CF Initial investment 13,500,000 Cash flow year 1 4,945,000 Cash flow year 2 5,601,222 Cash flow year 3 4,684,525 From the BCR (benefit cost ratio) or PI (profitability index) point of vue, This investment appears to be a good one. Since the BCR for this investment is 1.14, it is expected to generate a positive return
The Benefit Cost Ratio (BCR) or Profitability Index (PI) is a financial metric used to evaluate the feasibility and profitability of an investment. It is calculated by dividing the total present value of expected cash flows by the initial investment.
In this case, the BCR or PI would be:
BCR = (4,945,000 + 5,601,222 + 4,684,525) / 13,500,000 = 1.14
A BCR or PI greater than 1 indicates that the investment is expected to generate a positive return, and therefore, would be a profitable investment. Since the BCR for this investment is 1.14, it is expected to generate a positive return and would be a recommended investment.
However, it is important to consider other factors such as the risk associated with the investment, the company's overall financial situation, and the availability of alternative investment options before making a final decision.
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A bond with a yearly coupon of 5% matures in one year. Thepenultimate coupon has just been paid. The Macauley duration of thebond in years is
The Macaulay duration of the bond in question is 1 year. The Macaulay duration of a bond is a measure of the average time that cash flows from the bond are received.
It is calculated by taking the weighted average of the time to maturity for each cash flow, where the weights are the present values of the cash flows.
In the case of the bond in question, there is only one cash flow remaining, which is the final coupon payment and the repayment of principal at maturity in one year. Therefore, the Macaulay duration of the bond is simply 1 year.
In mathematical terms, the Macaulay duration is calculated as follows:
D = ∑t*PV(CFt)/∑PV(CFt)
Where:
D = Macaulay duration
t = time to maturity for each cash flow
PV(CFt) = present value of each cash flow
In this case, there is only one cash flow at t=1, so the equation simplifies to:
D = 1*PV(CF1)/PV(CF1) = 1
Therefore, the Macaulay duration of the bond in question is 1 year.
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We have found that a major financial risk in international business is the risk of a changing currency exchange rate. There are two basic types of currency exchange risk. One is short term Transactional currency exchange risk and the second is long term Economic, or Operational, currency exchange risk.
The Transactional risk appears when a firm enters into a transaction where a good or service is contracted and the payment is to be made in the future. An example would be buying wine from France for a cost of 100,000 euros to be delivered in three months with payment due upon receipt. If the exchange rate at the time of making the contract is $1.15 /euro the expected cost in dollars is $115,000. But, if in three months the exchange rate is $1.25/euro the realized cost will be $125,000. What can a company do to mitigate this Transaction risk?
The Economic risk/Operational risk comes from a long-term change in exchange rates that changes the economic feasibility of a business operation and the operation must be changed. My video on Foreign Direct Investments and Borrowing refer to the Japanese example, which you can use in your paper. Please include "Immunizing" Financial Statements, i.e., Income Statement and Balance Sheet as shown in my Week 8 video.
Assignment: Briefly discuss that the Bretton Woods Agreement's goal was to foster countries being economically interdependent with each other and a step toward that goal was creating a global fixed exchange rate which eliminated the exchange rate risk from international trade. Then in the 1970s the global fixed exchange rate ended and currencies floated against each other. Discuss briefly what can cause a change in exchange rates in the short term, but focus more on how a company can protect itself from Transaction risk. Then discuss briefly what can cause a long-term change in exchange rates, but focus on how a company can protect itself against that risk.
The Bretton Woods Agreement was created with the goal of fostering economic interdependence between countries by creating a global fixed exchange rate, which eliminated the risk of changing currency exchange rates in international trade.
However, in the 1970s, the global fixed exchange rate ended, and currencies began to float against each other. This introduced the risk of changing currency exchange rates, which can have a major impact on international business.
There are two basic types of currency exchange risk: Transactional currency exchange risk, which is short term, and Economic or Operational currency exchange risk, which is long term.
Transactional currency exchange risk occurs when a firm enters into a transaction where a good or service is contracted and the payment is to be made in the future. An example would be buying wine from France for a cost of 100,000 euros to be delivered in three months with payment due upon receipt.
If the exchange rate at the time of making the contract is $1.15/euro, the expected cost in dollars is $115,000. But, if in three months the exchange rate is $1.25/euro, the realized cost will be $125,000. To mitigate this risk, a company can use a variety of strategies, including hedging with forward contracts, currency options, and currency swaps.
Economic or Operational currency exchange risk comes from a long-term change in exchange rates that changes the economic feasibility of a business operation and the operation must be changed. To protect against this risk, a company can use a variety of strategies,
Including "immunizing" financial statements, i.e., income statement and balance sheet, as shown in the Week 8 video. This involves adjusting the financial statements to reflect the impact of changes in exchange rates, so that the company can better understand and manage the risk.
In conclusion, the risk of changing currency exchange rates is a major financial risk in international business. While there are a variety of factors that can cause changes in exchange rates in the short term and long term, there are also a variety of strategies that companies can use to protect themselves against these risks,
Including hedging with forward contracts, currency options, and currency swaps, and "immunizing" financial statements. By understanding and managing these risks, companies can reduce their exposure to currency exchange risk and better navigate the complexities of international business.
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States are sometimes referred to as "the laboratories of democracy," that is, one state may experiment with a different approach, which other states may emulate if the experiment succeeds but spurn if the experiment doesn’t succeed. Is the MSAPA project inconsistent with that idea? Does the MSAPA threaten to impose a uniformity inconsistent with creativity and experimentation? If so, would we be paying too high a price for procedural harmonization?
The MSAPA (Model State Administrative Procedure Act) project is not necessarily inconsistent with the idea of states being "laboratories of democracy." The MSAPA is a model act that provides guidance for states in creating their own administrative procedure laws. While it does promote uniformity in certain aspects, it also allows for states to tailor the act to their own needs and circumstances.
Furthermore, the MSAPA does not impose uniformity in the sense that it forces states to adopt its provisions. Rather, it is a voluntary model that states can choose to adopt or not. Therefore, it does not threaten to impose a uniformity inconsistent with creativity and experimentation.
In terms of the price of procedural harmonization, it is important to consider the benefits that come with it, such as increased efficiency and consistency in administrative procedures. While there may be some trade-offs, the MSAPA does not necessarily impose a uniformity that would stifle creativity and experimentation in the states.
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Following is the unadjusted trial balance of Mohammad Abdullah’s Electric House for the year
ended December 31, 2021
1. Supplies on hand revealed at 31, December $300.
2. Prepaid insurance was paid on 1 July 2021 for 12 months.
3. Interest expense due on loan payable for last 4 months. Quarterly interest rate is 3%.
4. Salary expense per day $500, December 31 is Wednesday. Employees are paid on Monday for
the preceding 5 days work week.
5. One third of the unearned service revenue has been earned.
Requirements:
a) Journalize the adjusting entries for the year ended 31, December 2021. [5]
b) Complete the worksheet for the year ended 31, December 2021. [7]
Mohammad Abdulla's Electric House
31, December 2021
Unadjusted Trail balance
Cash $200,000
Accounts Receivable 10,000
Supply 1,000
Prepaid Insurance 12,000
Equipment 80,000
Accumulated depreciation-Equipment $5,000
Accounts payable 15,000
Unearned service revenue 6,000
Loan payable 50,000
Owner’s Capital 184,000
Owner’s Drawings 2,000
Service Revenues 55,000
Salaries expense 8,000
Cleaning expense 2,000
$315,000 $315,000
The adjusting entries for the year ended December 31, 2021 and the worksheet for the year ended 31, December 2021. are as follows:
a) Journalize the adjusting entries for the year ended 31, December 2021.
1. Supplies Expense $700 (1,000 - 300)
Supplies $700
2. Insurance Expense $6,000 (12,000 / 12 months * 6 months)
Prepaid Insurance $6,000
3. Interest Expense $600 (50,000 * 3% * 4 months / 12 months)
Interest Payable $600
4. Salaries Expense $1,500 (500 * 3 days)
Salaries Payable $1,500
5. Unearned Service Revenue $2,000 (6,000 / 3)
Service Revenues $2,000
b) Complete the worksheet for the year ended 31, December 2021.
Mohammad Abdulla's Electric House
31, December 2021
Adjusted Trial Balance
Cash $200,000
Accounts Receivable 10,000
Supply 300
Prepaid Insurance 6,000
Equipment 80,000
Accumulated depreciation-Equipment $5,000
Accounts payable 15,000
Unearned service revenue 4,000
Loan payable 50,000
Interest Payable 600
Salaries Payable 1,500
Owner’s Capital 184,000
Owner’s Drawings 2,000
Service Revenues 57,000
Salaries expense 9,500
Cleaning expense 2,000
Supplies Expense 700
Insurance Expense 6,000
Interest Expense 600
$316,100 $316,100
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What are some ways that you've seen department stores,online stores , online stores,or social media ads try to activate the amygdala and encourage you to buy products
I can provide some examples of how retailers and advertisers try to activate the amygdala and encourage consumers to make purchases.
One way is through the use of persuasive language that creates a sense of urgency or scarcity. Retailers may use phrases such as "limited time only" or "while supplies last" to create a sense of urgency, while online stores may use pop-ups or banners to display how many items are left in stock.
Another way is through the use of social proof, such as customer reviews or celebrity endorsements, to create a sense of popularity and desirability around a product. This can activate the amygdala by making consumers feel like they are missing out on something if they don't also make a purchase.
Additionally, personalization and targeted advertising can create excitement and anticipation for a product, while emotional messaging or imagery can create a positive association between the product and a particular feeling or lifestyle, such as happiness or luxury. These tactics can all activate the amygdala and encourage consumers to make an emotional connection with the product and ultimately make a purchase.
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Problem 4-18 Cost–Volume–Profit Analysis; Degree of Operating Leverage [LO1, LO3, LO4, LO5, LO8] Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses are $8 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows:
The break-even point for Feather Friends, Incorporated is 16,667 units, the margin of safety is 8,333 units, the degree of operating leverage is 3, and the operating income is $100,000.
1. Break-even point: The break-even point is the point at which total revenue equals total costs. It can be calculated by dividing the fixed expenses by the contribution margin per unit (selling price - variable expenses). In this case, the break-even point is:
Break-even point = $200,000 / ($20 - $8) = $200,000 / $12 = 16,667 units
2. Margin of safety: The margin of safety is the difference between the actual sales and the break-even point. It can be calculated by subtracting the break-even point from the actual sales. In this case, the margin of safety is:
Margin of safety = Actual sales - Break-even point = 25,000 units - 16,667 units = 8,333 units
3. Degree of operating leverage: The degree of operating leverage is a measure of how sensitive the operating income is to changes in sales. It can be calculated by dividing the contribution margin by the operating income. In this case, the degree of operating leverage is:
Degree of operating leverage = Contribution margin / Operating income = ($12 x 25,000 units) / ($12 x 25,000 units - $200,000) = $300,000 / $100,000 = 3
4. Operating income: The operating income is the difference between the total revenue and the total expenses. It can be calculated by subtracting the total expenses from the total revenue. In this case, the operating income is:
Operating income = Total revenue - Total expenses = ($20 x 25,000 units) - ($8 x 25,000 units + $200,000) = $500,000 - $400,000 = $100,000
Therefore, the break-even point, margin of safety, degree pf operating leverage and the operating income for Feather Friends Incorporated is 16,667 units, 8,333 units, 3, and $100,000 respectively.
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What is a lemon law? What does it do? Do you know anybody that
either used this law or could have used this law?
A lemon law is a type of consumer protection law that helps individuals who purchase a defective or malfunctioning product, typically a car.
It requires the manufacturer or seller of the product to either repair or replace the product, or provide a refund to the buyer.
Lemon laws vary from state to state, but typically they require that the product be under a certain age or have a certain number of miles on it, and that the defect or malfunction be a significant one that affects the safety or usability of the product.
I am a question answering bot and do not have personal experiences or know anybody who has used or could have used this law.
However, there are many individuals who have benefited from lemon laws when dealing with a defective car or other product.
It is important to research the specific lemon law in your state and consult with a consumer protection attorney if you believe you have a valid claim under the law.
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The Million Dollar Mission You're sitting in math class, minding your own business, when in walks a Bill Gates kind of guy - the real success story of your school. He's made it big, and now he has a job offer for you. He doesn't give too many details, mumbles something about the possibility of danger. He's going to need you for 30 days, and you'll have to miss school. (Won't that just be too avful?) And you've got to make sure your passport is current. (Ok - no big deal). But do you ever sit up at the next thing he says: You'll have your choice of two payment options: 1 One cent on the first day, two cents on the second day, and double your salary every day thereafter for the thirty days; or 2. Exactly $1,000,000. (That's one million dollars!) You jump up out of your seat at that. You've got your man, Bill, right herel You'll take that million. You are there. And off you go on this dangerous million-dollar mission. So how smart was this guy? Did you make the best choice? Before we decide for sure, let's investigate the first payment option. Complete the table for the first week's work. So, atter a whole week you would have only made. That's pretty awful, all right. There's no way to make a million in a month at this rate. Right? Let's check out the second week. Complete the second table. We're getting into some serious money here now, but still nowhere even close to a million. And there's only 10 days left. So it looks like the million dollars is the best deal. Of course, we suspected that all along. Hold itl Look what has happened. What's going on here? This can't be right. This is amazing. Look how fast this pay is growing. Let's keep going. I can't wait to see what the total will be. In 30 days, it increases from 1 penny to over dollars. That is absolutely amazing! Explain what should be the best choice of pay for the 30 day period. Explain what type of function is modeled in the first option. Determine the initial amount and multiplier used to determine each day's pay, where
t=0 would be day 1 (fill in the blanks):
The best choice of pay for the 30 day period would be the first option, where you receive one cent on the first day, two cents on the second day, and double your salary every day thereafter for the thirty days. The type of function that is modeled in the first option is an exponential function. This is because the amount of money you receive each day is increasing at an exponential rate, meaning that it is doubling each day.
This is because, although it may seem like the second option of receiving exactly $1,000,000 is the better choice, the first option actually results in a larger amount of money by the end of the 30 days.
The type of function that is modeled in the first option is an exponential function. This is because the amount of money you receive each day is increasing at an exponential rate, meaning that it is doubling each day.
The initial amount for this exponential function is 1 cent, or $0.01, and the multiplier is 2, since the amount of money you receive each day is doubling. Therefore, the function can be written as f(t) = 0.01(2)^t, where t=0 would be day 1.
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Performance Appraisal Issues Jocelyn took a deep breath and took another look at the clock. It was 5:45 p.m. and still no Melvin. Start Up Central was running its fifth session in the eight-week Hatchery program from 6:00 p.m. until 8:00 p.m., and Melvin was scheduled to facilitate the session. The front door bells jingled and two more keen entrepreneurs entered the collision space for the reception before the session. They hung up their coats and headed toward the coffee and snack station. joining the other entrepreneurs gathered in anticipation of tonight's session. The event calendar indicated they should expect representatives from 12 early-stage companies, although Jocelyn knew from experience that others might decide to show up at the last minute. Tonight was their practice pitch event and all representatives would get the opportunity to spend three minutes describing their business opportunity to the mock investors in the room and receive feedback on their performance The entrepreneurs had been generating their business canvases and crafting their pitch decks in the weeks since the Hatchery program had begun. On the final night just three weeks from tonight, they would be pitching their business opportunities to an angel investment crowd in the greater Toronto area Back when Start Up Central was just getting off the ground, Jocelyn had led the Hatchery program herself She was the inaugural executive director of Start Up Central, which was founded by a group of serial entrepreneurs in the Toronto aren. The group had put seed money into Start Up Central with a view to developing new entrepreneurs in a boot camp type fashion. Jocelyn herself had built a social marketing company that had been acquired by Forbes four years ago. With a successful experience building Page 23 and then exiting a startup herself, she found the executive director role filled her desire to give back to the community by connecting new entrepreneurs with the various resources they needed to make their business dreams come true. Building Start Up Central and setting new entrepreneurs up for success was ord Chan job to Jocelyn it had become her life's work. But there was a reason she had hired Melvin to now shoulder some of the Start Up Central workload Jocely eelt at hier des since before 8 am that morning. She had met with their advisorsroun over 4 Teported From lunch, provided input on a panel to the Ontario provincial government about their Young Entrepreneurs program, and placed calls to secure business advisors for the next round of the Hatchery program beginning in the fall. When Jocelyn had decided to bring on an entrepreneur-in-residence (ER). Melvin had come strongly recommended by one of the advisors on the Start Up Central advisory group. When she had met with him, he exuded confidence and was credible in the EiR role. He had been a serial entrepreneur for 10 years, but was still "relatable to the new entrepreneur crowd. In Jocelyn's experience, the distance between start-up hopefuls and some of the successful entrepreneurs in the greater Toronto area was perceived as vast. As well, the travel and commitment schedules of many of the super successful entrepreneurs meant they weren't available for eight Wednesdays in a row to help with the Hatchery program. Through his EiR role, Melvin was still able to be engaged in his own start-up ventures, but he received a stipend from Start Up Central to act as an advisor one-on-one to the start-up companies in their programs and to attend their events. Jocelyn thought that the $50,000 per year stipend they were paying him was at least enough to get him to show up for the Hatchery program as the lead facilitator. Jocelyn pushed back her chair and sighed. She stood up and grabbed her suit jacket, prepared to go out and lead tonight's practice pitch event. She put a smile on her face and tried to leave her frustration with Melvin behind as she went out to greet the budding entrepreneurs. DISCUSSION QUESTIONS 1. Are there any differences between Melvin as an entrepreneur in-residence with a stipend as compared to an employee of Start Up Central Discuss. 2. As Jocelyn, how would you handle Melvin's absence? How would you ensure that Melvin has clear performance expectations? 3. If this was Melvin's third unexplained absence as compared to his first, how would you set up a set of steps to ensure performance improvement? St Pet 4. Is absence a reason for just cause dismissal? Explain the documentation and steps you would have to take to dismiss Melvin for just cause.
The answers to the given questions are given below:
Are there any differences between Melvin as an entrepreneur in residence with a stipend as compared to an employee of Start up central? Discuss.Yes, there is a difference between Melvin as an entrepreneur in residence with a stipend as opposed to an employee of Startup central. Entrepreneur-In-Residence (EIR) job is to create new entrepreneurial opportunities for law firms.
They offer technical advises and services to the emerging entrepreneur in their business measures and decisions to acquire clients for the law firms,
As Jocelyn, how would you handle Melvin's absence? How would you ensure that Melvin has clear performance expectation?
Like Jocelyn, the absence of Melvin is to be dealt with with with extremely carefully in the professional world, making it important to take into account Melvin's unprofessional attitude.
Since it might give the entrepreneurs a negative impact as things are colliding with Jocelyn and Melvin.
To make sure that Melvin has reasonable performance goals it is receiving a whopping $50,000 per annum in grants as a lead facilitator for the hatchery programme.
If this was Melvin's third unexplained absence as compared to his first, how would you set up a set of steps to ensure performance improvement?
If it is the third unexplained absence for Melvin compared with his first, the performance improvement plan must be established by developing the following;
Melvin has a responsibility to obey the appropriate Start-Up Central instructions.
Melvin must have the duty, responsibility and place entrusted to him in his capacity as a consultant.
Melvin must be obliged to obey the policies and rules of Start-Up Central.
Start-Up Central must make sure it clearly shows that the workplace is fair for everyone.
To hold a conversation with Melvin, that it should be addressed if there is a conscious absence or if there are any valid factors, such as health conditions or personal reasons.
Start Up Central is free to call Melvin in the event that its lack of problems can not be overcome despite the performance management guidelines.
Is absence a reason for just cause dismissal? Explain the documentation and steps you would have to take to dismiss Melvin for just cause.
Yeah, absence is a justification for only dismissal.
For Melvin, he ought, before continuing with his dismissal for fair cause, to have formally been warned of his daily absence. Melvin should have again been explicitly told of the position and obligations of Melvin and why he is paid according to the contract if anything.
Melvin needs to know that his daily absence costs the business a lot for no good cause, and Start-up Central is free to step down if he does not further change his conduct. Surely, the dismissal for absenteeism for Just Cause is justified if things don't go north hand.
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Question 1
Spinning the Career Wheel How will the study of accounting help you? A working knowledge of accounting is desirable for virtually every field of business. Some examples of how accounting is used in business careers include:
General management: Managers at Ford Motors, Massachusetts General Hospital, California State University— Fullerton, a McDonald’s franchise, and a Trek bike shop all need to understand accounting data in order to make wise business decisions.
Marketing: Marketing specialists at Procter & Gamble, must be sensitive to costs and benefits, which accounting helps them quantify and understand. Making a sale is meaningless unless it is a profi table sale.
Finance: Do you want to be a banker for Citicorp, an investment analyst for Goldman Sachs, or a stock broker for Merrill Lynch? These fields rely heavily on accounting knowledge to analyze financial statements. In fact, it is difficult to get a good job in a finance function without two or three courses in accounting.
Real estate: Are you interested in being a real estate broker for Prudential Real Estate? Because a third party—the bank—is almost always involved in financing a real estate transaction, brokers must understand the numbers involved: Can the buyer afford to make the payments to the bank? Does the cash flow from an industrial property justify the purchase price? What are the tax benefits of the purchase?
Required:
Indicate the accounting knowledge you will need in your workplace.
Describe any THREE (3) usages of accounting information which you are finding useful at your workplace. (15 marks)
Could you please solve this question as soon as possible?
The study of accounting can be helpful in a wide range of careers, including general management, marketing, finance, and real estate.
In general management, accounting knowledge is used to make wise business decisions based on accounting data. In marketing, accounting is used to quantify and understand costs and benefits.
In finance, accounting knowledge is used to analyze financial statements, and is essential for getting a good job in the finance field. In real estate, accounting knowledge is used to understand the numbers involved in a transaction, such as the buyer's ability to make payments and the cash flow from a property.
The accounting knowledge needed in the workplace will vary depending on the specific career field. However, some general accounting knowledge that is useful in most careers includes understanding financial statements, budgeting, cost-benefit analysis, and tax considerations.
Three specific usages of accounting information that can be useful in the workplace are:
Budgeting: Accounting information is used to create budgets and track expenses, helping businesses stay within their budget and make informed financial decisions.Cost-benefit analysis: Accounting information is used to quantify and compare the costs and benefits of different business decisions, helping businesses make the most profitable choices.Tax considerations: Accounting information is used to understand the tax implications of different business decisions, helping businesses minimize their tax liability and comply with tax laws.Learn more about accounting knowledge brainly.com/question/24081234
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which procedure to test journal entries involves performing a walkthrough of each of the sub-processes of the period-end financial reporting process?1. identify high-risk journal entry criteria2. select and test journal entries3. test post-closing journal entries.4. obtain an understanding of the entity journal entry process
Auditors can identify possible risk areas and create suitable testing processes to manage those risks by developing an understanding of the entity journal entry process.
The sub processes of test journal entries
The procedure to test journal entries that involves performing a walkthrough of each of the sub-processes of the period-end financial reporting process is option 4: obtain an understanding of the entity journal entry process.
This procedure involves gaining an understanding of the entity's journal entry process, including how journal entries are initiated, approved, recorded, and reviewed. The walkthrough process typically includes the following steps:
- Select a sample of journal entries and trace them through the entire process, from initiation to review and approval.
- Document the controls in place at each step of the process and evaluate their design and operating effectiveness.
- Identify any deficiencies in the process or in the controls and assess the potential impact on the financial statements.
- Determine whether any additional testing is necessary based on the results of the walkthrough.
By obtaining an understanding of the entity journal entry process, auditors can identify areas of potential risk and design appropriate testing procedures to mitigate those risks.
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a Define 'productivity'.
Answer: the state or quality of producing something
Explanation:
verified