Answer:
Tom should review and revise his plan on a regular basis, e.g. once a year or once every 6 months. A financial plan is a budget, and like all budgets, it represents an estimate or forecast of future events. If any person was able to predict the future and be 100% right every time, they would play the lottery and earn millions every week. The future is always uncertain, and just like a company must review and revise their forecasts, so should Tom. This advice applies to all of us that try to stick to some type of financial plan.
Why is protection of private property important to free enterprise?
1. In free enterprise, businesses loan money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.
2. In free enterprise, businesses invest money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide to invest money if the government has the power to take it away.
3. In free enterprise, businesses invest money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.
4. In free enterprise, businesses invest money in the hope of breaking even. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.
100 points to the brainliest answer
Answer:
In a pure free enterprise system, all property is owned by private citizens and businesses. ... Since private property allows ownership to be spread among a large number of people, power is also widely distributed. This reduces the danger of too much power being controlled by a few.
Explanation:
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What is a chart that compares your values, interest, and aptitudes, with similar
information about a career?
A career assessment chart is a chart that compares your values, interest, and aptitudes, with similar information about a career.
A career assessment is a range of personal characteristics that can have an impact on an individual's likelihood of success and level of happiness in a variety of career paths and work situations. career assessments are tools that can help people understand how these influences function. A career assessment is a means to find out more about the suitability of various careers for you. career assessment of many kinds concentrates on particular topics, such as values, interests, or talents. Even while attaining your ideal career can take more than just a completed Scantron sheet, career assessment tests can be quite helpful in giving people a head start in selecting career choices that meet their interests, best utilise their talents, or match their personalities.
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The accountant at Patton Company has determined that income before income taxes amounted to $11,000 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
a. $11.900
b. $14,000
c. $8,000
d. $10,100
Answer: b. $14,000
Explanation:
Taxes are 30%. If the LIFO amount will result in $900 more being paid in taxes then that means that $900 is 30% of the increase in income from LIFO.
Increase is therefore;
900 = x * 30%
x = 900/30%
x = $3,000
Income before tax using LIFO;
= FIFO income + increase in income
= 11,000 + 3,000
= $14,000
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fixed) schedule and the review period is 5 days and the lead time is 10 days. At the time of review, there are 30 units in stock. If 99 percent service probability is desired, how many units should be ordered?
Answer:
2686
Explanation:
Given that :
Daily demand (D) = 160
Standard deviation (s) = 35
Review period (T) = 5 days
Lead time (L) = 10 days
Number in stock (I) = 30 units
Service probability α = 99%
Quantity to order Q;
Q = D(T + L) + Z*s + √(T + L) - 1
Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)
Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30
Q = 160(15) + (2.33 * 35 * 3.8729833) - 30
Q = 2400 + 315.841788115 - 30
Q = 2685.841788115
Q = 2686
for what price would you need to sell your stock in one year in order to earn your required rate of return
Answer: a. $58
Explanation:
Your required return in dollars is;
= 16% * 52
= $8.32
Return = Dividend + Capital appreciation.
8.32 = 2.40 + Capital appreciation
Capital appreciation = 8.32 - 2.40
= $5.92
The stock would have to increase by $5.92 to get your required return;
= 52 + 5.92
= $57.92
= $58
Explain the role the product life cycle, competition, and perceptions of quality plays in Ski Butternut pricing.
Answer:
product life cycle, competition, and perceptions of quality are all determinants of pricing in the Ski Butternut business to bring other businesses to the mountain in order to maximize profit.
Explanation:
The product life cycle is the prices of a product or service from its birth to death. The prices are influenced by the demand and supply of the product at each season of its life.
Pricing is influenced by competition between companies offering similar products or services. The Ski Butternut is able to attract more customers and businesses than their competitors, still maintaining the profit margin. The price of the Ski Butternut is increased or high to depict its quality to high-end customers.
an investor buys a 10000 par 4.25 percent annual coupon tips security with three years to maturity. if inflation every sic months iver the investors holding period is 2.5 percent( what is the final payment the tips investor will receive
Answer:
the final payment that investor would received is $11,843.36
Explanation:
The computation of the final payment that investor would received is shown below:
Adjusted face value is
= 10,000 × (1 + 2.5%)^(3 × 2)
= 11,596.93
Final payment = Coupon + adjusted principal
= 11596.93 × 4.25% ÷ 2 + 11,596.93
= $11,843.36
hence, the final payment that investor would received is $11,843.36
think about how human resources are handled at the company you work for, or one you have worked for in the past. in the discussion thread, comment on the following questions: 1. what steps of the human resources cycle does the company handled well? why? 2. what steps of the human resources cycle are handled poorly? why? 3. how is culture impacted by the human resources department?
Human Resources teams must keep an eye on employees once they are hired to constantly improve.
What is the Human Resources department?The human resources department is an internal organization that exists in companies with the specific objective of hiring new employees and keeping an eye on the well-being and efficiency of the company's employees.
What process did our old company do well?The human resources department of my old company had a good selection method to properly select all its employees so that they were the most suitable for each position.
What process was our old company doing wrong?The human resources department of my old company, despite carrying out several processes effectively, had a flaw in the continuous improvement process because once they hired an employee of theirs, they forgot about their performance and did not constantly evaluate their performance. Nor did they organize improvement plans for the employees.
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At Bell’s Furniture, assemblers are paid according to the following differential piece rate scale: 1−20 dressers in a week, $7 each; 21−30 dressers, $9.50 each; and $14 each for every dresser over 30. Liz Henderson assembled 47 dressers in one week. Find her gross pay
Answer:
$658
Explanation:
Henderson assembled 47 dressers in the week.
Her applicable pay rate is $14 per piece since she assembled over 30 dressers in one week.
her gross pay for the week
=$14 x 47
=$658
Select all the correct answers.
Which two tasks would be completed by an emergency and relief worker?
Clean and sterilize equipment and machinery to use with patients.
Gather resources and equipment to disperse within a community.
Describe city attractions and the history behind them.
Use laboratory equipment to study the causes of diseases.
Meet with local law enforcement and community leaders.
Answer:
Clean and sterilize equipment and machinery to use with patients.
Explanation:
The task that could be finished by an emergency and the relief worker would be that the equipment should be clean that is used for the patients. It should be free from any infection that caused by bacteria. Also it should be sure that this would be taken care and at the same time the patients would not suffered from any infection or any injury that could caused by non-clean of the equipment
Therefore the option A is correct
2. Gather resources and equipment to disperse within a community.
5. Meet with local law enforcement and community leaders.
Suppose people with 15 years of schooling average earnings of $60,000 while people with 16 years of education average $66,000.
a. What is the annual rate of return associated with the 16th year of education?
b. It is typically thought that this type of calculation of the returns to schooling is biased, because it doesn't take into account innate ability or innate motivation. If this criticism is true, is the actual return to the 16th year of schooling more than or less than your answer in part (a)?
Answer:
a. The annual rate of return associated with the 16th year of education is:
9.1%
b. The actual return of return to the 16th year of schooling is more than 9.1%.
Explanation:
a) Data and Calculations:
Average income for people with 15 years of schooling = $60,000
Average income for people with 16 years of schooling = $66,000
Income associated with the 16th year of education = $6,000 (66,000 - 60,000)
Annual rate of return with the 16th year of education = $6,000/$66,000 * 100 = 9.1%
Performance measurement systems are used to assess how well a company is performing toward meeting its own goals and objectives. True False
Answer:
True
Explanation:
This is a true or false question and the answer is true.
It is true because Performance measurement systems are used mostly as a regular way of measuring the results and also the outcomes of a company or organization and a formof assessment to know how well a company is doing towards achieving its own set goals and objectives
What is the maximum amount your firm can afford to spend to increase customer retention from 61 % to 78 %?
Answer:
$ 636.76
Explanation:
One of the ways firms increase their profits is through customer retention and to do this money must also be spent to continue satisfying the customers. So, without mincing words let's dive straight into the solution to the problem above.
STEP ONE: determine the margin and use the value to calculate for Customer life time value.
Margin = [o.f × a.o × r.m] - ycp= [ 1.9 × $527 × 0.6 ] - 44 = $556.78.
where o.f = order frequency, a.o = average order, r.m = retail markup, and ycp = yearly cost of promotion.
Therefore, the Customer life time value at 61% retention rate is calculated as below;
Customer life time value at 61% retention rate = 556.78 × { 0.61/ 1 + 0.11 - 0.61}.
Customer life time value at 61% retention rate = $679.2716.
Customer life time value at 78% retention rate = 556.78 × { 0.78/ 1 + 0.11 - 0.78}.
Customer life time value at 78% retention rate = $1316.03
STEP TWO: determine the maximum amount your firm can afford to spend to increase customer retention from 61 % to 78 %.
Therefore, the maximum amount = Customer life time value at 78% retention rate - Customer life time value at 61% retention rate.
The Maximum amount = 1316.03 - 679.2716 = $ 636.7584 = $ 636.76
When the Fed increases the money supply to lower the federal funds rate, will the cost of capital to U.S. companies be reduced? Explain how the segmented markets theory regarding the term structure of interest rates (as explained in Chapter 3) could influence the degree to which the Fed’s monetary policy affects long-term interest rates.
Answer:
The federal funds rate is basically is used to control the supply of funds available in the economy. If the federal funds rate is increase by the Fed, its becomes expensive to borrow in the short term medium. Thus, the federal funds rate lower down the supply of available money which increase the short term interest rate.
How does the presence of a large number of previous movers to a country affect the projected costs and benefits of subsequent movers
Explanation:
The presence of a large number of previous movers in a country creates both disadvantages and advantages.
Consider the disadvantages: Since we have a large population of immigrants who are active in the labor force, this may lead to an increase in the supply of labor, and with such an increase in supply there may be a decrease in the wage rate of the country; so the subsequent movers may earn lesser than expected.
Consider the advantages: Remember, if these previous movers come from countries with similar cultures as the subsequent movers they may find their move less costly since they acquire new friends who share the same culture with them.
If the covariance of returns between a stock and the market equals zero, then what does the beta of the stock equal
Answer:
a) Zero
Explanation:
As we know that
beta = Covariance (Stock return , Market return) ÷ market return variance
Now in the case when the covariance of return that lies between the stock and the market equivalent to zero so the beta of the stock would be zero
As if you divide by zero so the result would be zero
Therefore as per the given option, the option A is correct
On average most companies aim for? Inventory turns per year.
Answer:
Most companies aim for a turnover ratio between six and 12, according to BusinessKnowHow. Turning inventory too many times means a company misses out on potential sales because it does not keep enough product in stock
Answer:
I'm reading all about it and in the book, it says Most companies aim for 5 or 6 inventory turns per year.
Explanation:
What is statement of retained earnings?
Answer:
A statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in shareholders
Answer:
it is a financial statement prepared by corporation s that details changes in the volume of retained earnings over some period.
Explanation:
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If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. why do you think workers might fall short?
Answer: The workers fail to accomplish the task because the goal is not specific or measurable.
Explanation:
Shipping costs could be justified if the firm is able to compensate for the increased shipping costs with reduced inventory holding costs while achieving the same in-stock probability.
a) True
b) False
Answer:
The given statement is "True".
Explanation:
Increasing in-stock likelihood contributes to higher demand responsiveness, rapid transporting reduces time and therefore also accommodates for shipping expenses. The net expense seems to be the number of shipping including holdings. Therefore if either variable rises, the overall cost may be retained by reducing some other characteristic or function.So the answer above is accurate.
Which of the following financial institutions is a not-for-profit organization?
Commercial Bank
Commercial Bank
Credit Union
Credit Union
Savings and Loan
Savings and Loan
All of the these are correct since financial institutions do not make profits
Answer:
Credit Union
Explanation:
A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.
Like the financial services give to the members of the credit union
Therefore as per the given options, the second option is correct
Credit Union is a financial institution that is not for profit organization.
Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.Learn more about bank:
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Which group of government financial statements reports all revenues and all costs as well as all assets and liabilities of the governmental entity
Answer:
Government-wide financial statements.
Explanation:
The government wide financial statement is a financial statement that conduct financial activity together in one place and record on accrual basis that have information related to the economic resources.
Therefore as per the given situation, it records all types of revenues, cost, assets and liabilities
Hence, the above is the answer
Jones Corporation purchased a patent for $600,000 on September 1, 2014. It had a useful life of 10 years. On January 1, 2016, Jones spent $120,000 to successfully defend the patent in a lawsuit. Jones feels that as of that date, the remaining useful life is 4 years. What amount should be reported for patent amortization expense for 2016
Answer:
$160,000
Explanation:
Calculation for What amount should be reported for patent amortization expense for 2018
First is to calculate the Amortization amount
Amortization=$600,000-[($600,000/10 years)x(4/3)
Amortization=$600,000-$80,000
Amortization=$520,000
Now let calculate amount that should be reported for patent amortization expense for 2018
2018 Patent amortization expense=($520,000+$120,000)/4years
2018 Patent amortization expense=($520,000+$120,000)/4years=90,000
2018 Patent amortization expense=$640,000/4years
2018 Patent amortization expense=$160,000
Therefore What amount should be reported for patent amortization expense for 2018 is $160,000
Michelle, a professional counselor, is asked to talk to an ex-employee of GearTech Corp. about his performance issues. Michelle talks to this ex-employee about his grief and fear, as well as some strategies for finding a new job. Which role is Michelle performing?
A. CEO of GearTech Corp.
B. Arbitrator.
C. Volunteer at GearTech Corp.'s employee assistance program.
D. Mediator.
E. Outplacement counselor.
Answer:
Gear Tech Corp.
Michelle is performing the role of a:
E. Outplacement counselor.
Explanation:
Outplacement counseling is provided to ex-employees to transition them from Gear Tech Corp. to other jobs outside this particular company because they have been laid off from their jobs. It is a kind of an employee benefit, which some companies provide because they are interested in ensuring that their ex-employees do not remain unemployed for long. A company like Gear Tech Corp. believes strongly that if ex-employees are not useful in the company, they can be more useful in other companies. For this purpose, the company can organize counseling programs for their relieved staff to set them on a smooth transition to outside roles that may be more appropriate for them.
Your mangers wants everyone to make setting up seasonal aisle displays their top priority. You notice that an associate has been focusing on other tasks instead. What would you be most and least likely to do
The manager should apply
Subordination of individual interest to general interest.
what is Subordination of individual interest to general interest.?it is one of the 14 principles of managementit states that the interest of organization must supersede the interest of individuals.the organization interest must overlap the individual interest,the goal of organization must not be scarified because of individual interesthence, Subordination of individual interest to general interest should be used by the manager.
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It costs Crane Company $28 of variable costs and $15 of allocated fixed costs to produce an industrial trash can that sells for $76. A buyer in Mexico offers to purchase 3000 units at $30 each. Crane Company has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
Effect on income= $6,000 increase
Explanation:
Giving the following information:
Unitary variable cost= $28
Selling price= $30
Number of units= 3,000
Because it is a special offer and there is unused capacity, we will not take into account the allocated fixed costs.
Effect on income= 3,000*(30 - 28)
Effect on income= $6,000 increase
Individuals influencing an entrepreneur's career choice and style are known as?
Answer: Role model
Explanation: A person who is a role model is someone who serves as an inspiration to others. This person serves as an example because of their personality, their achievements, and their dealings with others. When a person is taken as a role model, they should feel proud as they are influencing others. This will always be something for the better as long as this person is a positive example for others.
Match the type of entrepreneurship to the description that best fits
Answer:
4. life style entrepreneur
3. serial entrepreneur
2. social entrepreneur
1.business entrepreneur
You plan to save $390 per month starting today for the next 48 years “Just to start the month off right." You feel that you can earn an interest rate of 9.5 percent compounded monthly. How much will there be in the account 48 years from today?
The amount that would be in the account in 48 years would be $4,585,341.86.
What would be in the account in 48 years?An annuity is a series of payment that is made over a specific period of time. In this question, the annuity is monthly which lasts for 48 years. An ordinary annuity is when the payments are made at the end of the period. An annuity due is when the payment is made at the beginning of the period.
Your deposited amount increases by the amount you put in it every month and by the interest rate the account accrues. When an account is compounded monthly, it means that both the amount invested and the interest already earned increases every month over the investment period.
The formula that can be used to determine the future value of the account in 48 years is:
Monthly deposit x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 9.5/12 =0.79%n = number of periods = 12 x 48 = 576$390 x [{(1.0079)^576 - 1} / 0.0079] = $4,585,341.86
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Samantha is interested in setting up her own accounting firm and wants to speciallze in the area ofaccounting that has experlenced the most
significant growth in recent years. Which area of accounting should she choose as her specialty?
Samantha should choose_______as her specialty.
Fill in the blank
Answer:
Samantha should choose Financial Accounting
Explanation:
Financial Accounting is the area of accounting that has experienced the most growth in recent years. This is because of the large size and complexity of financial markets, and the increasing importance that they have in the overall economy.
Financial Accounting specializes in the recording and analysis of financial transactions. Financial transactions are those that a firm uses to obtain funds in order to invest in new projects, pay off other obligations, or simply capitalize the firm.