A fixed-price contract is likely the best choice for this purchase. In a fixed-price contract, the buyer and seller agree on a predetermined price for the services or products to be rendered or delivered.
This means the price will be locked in for the duration of the contract, which is beneficial for the buyer as the cost of the purchase does not fluctuate due to market conditions. The buyer is also protected from any additional costs that may arise due to unforeseen circumstances. Furthermore, the fixed-price contract is beneficial for the seller as they are guaranteed to receive the agreed-upon price for the products and services they provide. This type of contract is ideal for larger purchases such as the one described here, as it provides both parties with assurance and security throughout the transaction.
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when the macroeconomy is experiencing a higher than natural rate of unemployment, it must be because group of answer choices potential real gdp is less than current real gdp. wages respond instantaneously to labor market shifts. more workers are leaving the labor force. wages cannot adjust downward quickly and easily.
When the macroeconomy is experiencing a higher than natural rate of unemployment, it must be because the potential real GDP is less than current real GDP.
Unemployment is a circumstance in which a person does not have a job but is actively looking for one. It is used to represent the economic loss when a person is unemployed. There are three different types of unemployment: structural, cyclical, and frictional.
The potential GDP is defined as the highest amount of output an economy can produce when using all its resources effectively. The real GDP, on the other hand, refers to the GDP measured after adjusting for inflation. When an economy is experiencing an unemployment rate greater than its natural rate, the potential real GDP is less than the current real GDP.The options given in the question, wages respond instantaneously to labor market shifts, more workers are leaving the labor force, and wages cannot adjust downward quickly and easily, are all incorrect.Learn more about potential GDP visit:
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an investment adviser may be compensated with which of the following? i wrap fees charged to customers for all services rendered by the adviser ii soft dollars paid by an executing broker to the adviser in return for trades sent to the broker by the adviser iii bid-ask spreads earned when position trades are executed iv commissions paid to an affiliated broker-dealer on trades recommended by the adviser
An investment adviser may be compensated with any of the following: option i, ii, and iii.
i. Wrap fees charged to customers for all services rendered by the adviser
ii. Soft dollars paid by an executing broker to the adviser in return for trades sent to the broker by the adviser
iii. Commissions paid to an affiliated broker-dealer on trades recommended by the adviser However, an investment adviser is not compensated with bid-ask spreads earned when position trades are executed. The bid-ask spread is the difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept. This spread is the profit earned by market makers who facilitate the trade between buyers and sellers, not by investment advisers.
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most tenants sign a lease. which of the following is part of a lease agreement? multiple choice the interest rate for a lease loan. the sale date. the conditions under which the landlord may enter the apartment. the amount of the down payment. the name and address of the buyer.
Most tenants sign a lease, the document that is part of a lease agreement is the conditions under which the landlord may enter the apartment. The Option C is correct.
What does lease agreement means?A rental agreement is a written rental contract between the owner of a property and a renter who wants to have temporary possession of the property; it differs from a lease, which is typically for a fixed term.
The agreement must at a minimum identify the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property is known as the lessor, and the renter is known as the lessee.
To specify the terms of the rental, an implied, explicit, or written rental agreement or contract is typically involved, which is regulated and managed under contract law. Letting out real estate (real property) for the purpose of housing tenure is one example.
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With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition.T/F
The statement, "With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition" is True because evidence-based decision-making involves gathering and analyzing relevant data and information to inform decisions.
The Evidence-based decision-making is defined as a process which involves using data, information, and research to guide decisions, rather than relying solely on intuition or past experience.
By making the decisions on objective evidence, managers can improve the accuracy and effectiveness of their decision-making, and reduce the risks of biases and errors that can arise from relying on intuition alone.
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true or false: diminishing returns sets in when a country that has produced rice for 10 years now has to use increasingly more land to produce 1 ton of rice.
True. When adding more input (such land, labour, or capital) results in a proportionately lower rise in output, this is known as diminishing returns.
What causes declining returns?Increasing one input while keeping the other inputs in a production process constant is referred to as the law of diminishing returns. The marginal output decreases with the addition of each additional unit of the rising input.
What are the production variables in business—land, labour, capital, and interest?The inputs required to create a good or service in order to generate revenue are known as the elements of production. Land, labour, capital, and entrepreneurship are the four components of production according to economists. This could be seen as the foundation of an economy.
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which of these sentences includes a redundant expression? your participation in this survey is essential to help us create products that meet your needs. each and every employee will be pleased to learn about our new benefits offerings. the price options are identical. the fundamentals of our economy are strong.
The sentence that contains a redundant expression is "each and every employee will be pleased to learn about our new benefits offerings."
In this sentence, "each and every" is redundant because "each" and "every" mean the same thing.A redundant expression is when you use two or more words that convey the same meaning or are unnecessary in a sentence.
In such a situation, the second or third word is generally eliminated to avoid ambiguity and strengthen the meaning of the sentence. The following is an example of a redundant expression: "We sat down on the grass and ate food."Why is the sentence "each and every employee will be pleased to learn about our new benefits offerings"
The word "each" and "every" are used to indicate the entirety of the employees. Therefore, using the two words together is repetitive, and it is unnecessary since the words convey the same message. As a result, the phrase "each and every" should be eliminated to form a more concise and more precise sentence.
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how is exception handling using try i except similar to and different from handling exceptional cases using ordinary decision structures (variations on if)?
Exception handling using try and except is similar to handling exceptional cases using ordinary decision structures in that both methods are designed to detect and respond to exceptional cases that arise when the code is executed.
However, the difference is that exception handling using try and except is more powerful, because it can handle more than one type of exceptional cases, whereas the ordinary decision structures are limited to a single type of exceptional cases.
Exception handling also allows the programmer to specify a code block that will be executed when an exception is encountered. This is not possible with ordinary decision structures.
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is the process of allocating the cost of a plant asset to expense while it is in use. multiple choice question. depletion amortization allocation depreciation
The process of allocating the cost of a plant asset to expense while it is in use is known as depreciation. Depreciation is a method that allows companies to allocate the cost of assets over their useful lives rather than expensing the entire cost in the year of purchase.
Depreciation is a non-cash expense, which means that it does not require any cash outflow to be recorded in the financial statements. Depreciation is calculated using various methods such as straight-line, declining balance, and sum-of-the-years-digits.
The straight-line method is the most common method and involves dividing the cost of the asset by its useful life.
The declining balance method involves applying a fixed rate to the asset's book value each year, while the sum-of-the-years-digits method is a more complex method that involves multiplying the depreciable base by a fraction based on the sum of the years of the asset's useful life.
Depreciation is important because it allows companies to accurately reflect the wear and tear on their assets over time, which can impact their financial statements.
It also allows companies to spread out the cost of assets over their useful lives, which can help them to manage their cash flow more effectively.
Without depreciation, companies would have to expense the entire cost of assets in the year of purchase, which could have a significant impact on their financial statements and cash flow. Depreciation is a necessary part of accounting for companies that use plant assets in their operations.
By allocating the cost of assets over their useful lives, companies can accurately reflect the value of their assets in their financial statements and manage their cash flow more effectively.
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company x makes a loan in exchange for a two-year, $8,000 note. the stated interest rate is 6%. the market rate is 4%. what amount of premium does the company amortize at the end of the second year? please round to the nearest whole number.
At the end of the second year, the amount of premium that the company amortizes is $27.
What is the explanation?A company, Company X, loaned an $8,000 note for two years in exchange for a loan. The note has a stated interest rate of 6%. On the other hand, the market rate is 4%.
The coupon rate, which is higher than the market rate, indicates that the note is trading at a premium. A bond sells at a premium when its coupon rate exceeds the market rate, which is the rate of return investors could earn on comparable securities.
Premium is the amount paid above the face value of a bond or other security. Since Company X buys the bond at a premium, the premium must be amortized over the life of the bond.
Amortization is the process of gradually reducing the premium on a bond over the bond's life. Bond premium amortization lowers interest expenses, which raises net income.
To find out the premium, we must first find out the bond's present value.
Since the coupon rate is higher than the market rate, the bond's present value is greater than its face value ($8,000).
PV of $8,000 bond = $4,039.81
Premium = Face value – Present value
Premium = $8,000 – $4,039.81
= $3,960.19
Premium amortization = Premium / Life of the bond = $3,960.19 / 2
= $1,980.10
Premium to be amortized at the end of the second year = $1,980.10 * 2 – $3,960.19
= $27 (rounded to the nearest whole number).
Therefore, at the end of the second year, the amount of premium that the company amortizes is $27.
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in which investment category are fair values and subsequent growth of an investee not relevant for reporting? multiple choice held-to-maturity securities securities reported under the equity method trading securities securities available-for-sale
The Held-to-Maturity Securities category is one in which the fair values and subsequent growth of an investee are not relevant for reporting. Held-to-Maturity securities are recorded at amortized cost and are not subject to fair value adjustments.
These securities are intended to be held until maturity and are not intended to be sold in the near future. As such, fair values and subsequent growth of the investee are not considered.
On the other hand, Trading Securities, Securities Available-for-Sale, and Securities Reported under the Equity Method are required to be reported at fair value and are subject to fair value adjustments. Subsequent growth of the investee is also relevant in these categories and must be taken into account when reporting.
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May provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews
a. Unstructured interview
b. Situational interview
c. Behavioral-description interview
d. Does not apply
Behavioral-description interview may provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews, therefore the correct option is c.
A behavioral-description interview (BDI) is a type of job interview that focuses on gathering information about an applicant's past behavior in job-related situations. In a BDI, the interviewer asks the applicant to describe specific situations they have encountered in their work experience, and how they responded to those situations.
The goal of the BDI is to assess the applicant's job-related personality traits, such as their problem-solving skills, decision-making ability, and interpersonal skills.
Compared to other types of interviews, such as unstructured or situational interviews, a BDI may provide a more accurate assessment of an applicant's job-related personality traits. This is because the questions in a BDI are specifically designed to elicit information about how the applicant has behaved in the past, rather than hypothetical or theoretical situations.
BDIs are often used by employers who value personality traits and behavioral characteristics as important factors in job performance. They are particularly useful for assessing skills such as leadership, teamwork, and communication, which are difficult to evaluate through other interview methods.
Overall, a behavioral-description interview can be an effective tool for employers to assess an applicant's job-related personality traits and determine their suitability for a particular job. Hence, c. is the correct answer.
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which of the following will most likely occur in an economy if more money is demanded than is supplied? responses the amount of investment spending will increase. the amount of investment spending will increase. interest rates will decrease. interest rates will decrease. interest rates will increase. interest rates will increase. the demand curve for money will shift to the left. the demand curve for money will shift to the left. the demand curve for money will shift to the right.
If more money is demanded than supplied in an economy, interest rates will increase. This is because when there is a shortage of money, the demand for money will increase, leading to an increase in interest rates.
An increase in interest rates will discourage borrowing and spending, leading to a decrease in investment spending. Therefore, the correct answer is: interest rates will increase. The demand curve for money shows the relationship between the quantity of money demanded and the interest rate.
If there is an increase in the demand for money, the demand curve for money will shift to the right. Conversely, if there is a decrease in the demand for money, the demand curve for money will shift to the left.
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true or false: the departmental overhead rate method uses a three-step process where costs are assigned to cost pools in the first step and overhead is allocated to cost objects in the last step.
The Departmental overhead rate method uses a three-step process where costs are assigned to cost pools in the first step and overhead is allocated to cost objects in the last step, this statement is true.
There are numerous methods to assign overhead to products or other cost objects. Departmental overhead rate is one of those methods.
It's frequently used by businesses that make a wide variety of goods that need significantly different support activities. The departmental overhead rate is calculated by dividing the overhead assigned to a department by the department's estimated base.
This technique improves the precision of product costs by using various overhead rates for different departments. The overhead costs are allocated to the cost pool according to the percentage of a pool's total costs incurred by each department.
In the last step, the overhead costs are allocated to the cost object. The following is the process involved in the Departmental overhead rate method:
Step 1: Identify the departments and the cost pools where overhead costs will be assigned.
Step 2: For each department, estimate the total cost in each cost pool.
Step 3: Calculate the overhead rate for each department and for each cost pool. The overhead rate is calculated by dividing the overhead cost assigned to each cost pool by the cost driver amount.
Step 4: Assign the overhead costs to each department and cost pool based on the estimated activity driver usage in each department.
Step 5: Assign overhead costs to each cost object by multiplying the overhead rate by the amount of the activity driver used by each cost object in each department.
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nike manufactures its own shoes and then builds outlet stores for distribution of its products. this is an example of: question 9 options: horizontal integration. mass integration. forward integration. transferred integration. backward integration.
The given scenario is an example of forward integration. Option 3 is correct.
Forward integration is a business strategy where a company expands its operations towards the distribution channels by acquiring or establishing retail stores or other means of distribution. In this case, Nike is not only manufacturing its own shoes but also building outlet stores to distribute its products directly to customers.
This strategy allows Nike to have greater control over the distribution of its products and ensures that the products reach the customers in a timely and efficient manner. It also allows Nike to capture a larger share of the profits by eliminating the middlemen or intermediaries involved in the distribution process. Therefore, Nike's strategy of manufacturing its own shoes and building outlet stores for distribution is an example of forward integration. Hence Option 3 is correct.
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ustomers who return to the site one or more times after making their first purchases are called . group of answer choices sponsors retained customers shoppers crawlers
Retained customers are those who make one or more visits to the website after making their initial transaction.
A customer is a natural person or legal entity who makes a purchase from a company. Consumers are the lifeblood of any business, and keeping them happy is essential to its success. Companies must put up a lot of effort to draw in new clients and keep existing ones, as well as to offer them high-quality goods and services that satisfy their requirements. Focusing on superior customer service, prompt delivery, and affordable rates is necessary to develop a loyal consumer base. Companies today must prioritise their online presence and user experience due to the growth of e-commerce and online purchasing if they want to maintain their customers' satisfaction and loyalty.
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NGPF Activity Bank Paying for College
5.4 COMPARING the types of student loans
PLEASE HELP ME WITH THIS I HAVE TO TURN IN TODAY I NEED A ANSWER ASAP
There are generally two types of student loans: federal student loans and private student loans. The federal student loan is given below.
How much can a student get a student loan?Education loans are intended to pay for living expenses while the borrower is pursuing a degree, as well as tuition, books, and supplies.
As there is no cap on the largest debt that may be approved under the student loan program. The maximum amount for NRI students is Rs. 20 lakhs, and for elite institutions, Rs. 30 lakhs.
Federal student loans: These loans are provided by the government and provide a number of advantages, including reduced interest rates, repayment schedules based on income, and loan forgiveness opportunities. Federal student loans come in a variety of forms, including Direct Subsidized Loans: Undergraduate students who can prove they have a need for the money can apply for these loans. When the student is enrolled in school, the government covers the interest on these loans. Direct Unsubsidized Loans: These loans can be obtained by graduate and undergraduate students alike and don't need proof of need. While the student is enrolled in school, interest is accruing on these loans. Graduate students and parents of dependent undergraduate students may apply for Direct PLUS loans. They have higher interest rates and demand a credit check than other loan plans.Learn more about loans, here:
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what are some leadership styles?
madison, the project manager of a sports apparel company, estimates that the demand for jogging shoes is likely to decline in the coming months. he advises the procurement department to order raw material accordingly to ensure minimum wastage. this intercommunication that facilitates smooth operations is called . outbound logistics market research strategizing interoperation linkages
This intercommunication in question that facilitates smooth operations is called linkages.
The ability to purchase a security on one stock exchange and sell it on another is known as linkage. An investor may buy shares of a company on a foreign exchange, like the Toronto Stock Exchange, and then sell those shares on a domestic exchange, like the New York Stock Exchange, if certain depositary receipts, like American Depositary Receipts (ADRs), permit linkage.
The relationship between formal and informal financial institutions is another definition of linkage. Through this connection, people in remote or underdeveloped areas can receive financial services that they might not otherwise be able to access, such as loans, such as credit cards.
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which of the following is not an example of a cause of non-sampling risk? the auditor uses an inappropriate audit procedure to test an assertion the auditor uses a correct audit procedure, but implements the procedure incorrectly the auditor misinterprets audit evidence obtained from a properly-performed audit procedure each of the answers above is a source of non-sampling risk.
When answering questions as a question answering bot on the platform Brainly, it is important to always be factually accurate, professional, and friendly. Additionally, it is important to be concise and not provide extraneous amounts of detail. Typos or irrelevant parts of the question should be ignored.
The answer to the given question is "Each of the answers above is a source of non-sampling risk." Non-sampling risk is the risk that the auditor reaches a wrong conclusion and provides inappropriate audit opinion in a sample drawn from the population that could not have occurred due to chance. It occurs due to factors not related to sampling such as the auditor's lack of independence, the auditor's inadequate testing methods, or auditor's failure to identify misstatements during the audit.
There are two types of non-sampling risk - detection risk and audit risk. Detection risk is the risk that the auditor fails to detect a material misstatement, whereas audit risk is the risk that the auditor gives an inappropriate audit opinion. Non-sampling risk can be reduced by increasing the level of substantive procedures or by increasing the level of internal control.
Each of the answers given above is a source of non-sampling risk. The auditor's use of an inappropriate audit procedure to test an assertion can lead to non-sampling risk as it can fail to identify a material misstatement. Similarly, the auditor's use of a correct audit procedure but implementing it incorrectly can lead to non-sampling risk. Misinterpretation of audit evidence obtained from a properly-performed audit procedure can also lead to non-sampling risk as it can result in an inappropriate audit opinion.
In conclusion, non-sampling risk is the risk that the auditor reaches a wrong conclusion and provides inappropriate audit opinion in a sample drawn from the population that could not have occurred due to chance. Each of the answers given above is a source of non-sampling risk. The auditor can reduce non-sampling risk by increasing the level of substantive procedures or by increasing the level of internal control.
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metrics that track progress in executing strategies to attain organizational objectives are also known as
Metrics that track progress in executing strategies to attain organizational objectives are also known as Key Performance Indicators (KPIs).
KPIs are quantifiable measures that track progress and help organizations to track the progress of their strategies and objectives. KPIs provide a useful way to measure the performance of any organization and can be used to determine how well an organization is meeting its goals.
They provide a way to assess whether the strategies that an organization has implemented are effective and if objectives are being met.
KPIs also provide an efficient way to assess performance trends over time. Through these metrics, organizations can identify areas of improvement and areas where objectives are being met, allowing them to make changes and set goals accordingly.
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Today, Thomas deposited $150,000 in a 4-year, 12% CD that compounds quarterly. What is the maturity value of the CD?
a. $336,989
b. $240,706
c. $168,000
d. $300,724
For a deposit of $150,000 made today, in a 4-year with 12% CD that compounds quarterly, the maturity value of the CD is $240,706. Therefore, correct option is B.
A certificate of deposit (CD) is a type of time deposit offered by banks and credit unions. A CD is similar to a savings account, but it has a fixed term and a fixed interest rate. When you purchase a CD, you agree to leave your money in the bank for a set amount of time in exchange for a higher interest rate than a savings account would offer.
Given that Thomas deposited $150,000 in a 4-year, 12% CD that compounds quarterly. The formula for the maturity value of a CD is given by:
M = P(1 + r/n)^(nt)
Where M is the maturity value of the CD, P is the principal or initial deposit, r is the annual interest rate, t is the number of years, and n is the number of times the interest is compounded per year
In the given case: P = $150,000, r = 12%/year, n = 4 times/year (compounds quarterly), t = 4 years.
Substituting the given values into the formula:
M = $150,000(1 + 0.12/4)^(4 × 4)M = $240,706
Therefore, the maturity value of the CD is $240,706. Answer B: $240,706 is correct.
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when a large factory closed in the town of greenville, income fell for many residents. as a result, demand for normal goods would and demand for inferior goods would . a. decrease; increase b. increase; increase c. decrease; decrease d. increase; decrease
When a large factory closed in the town of Greenville, income fell for many residents. As a result, demand for normal goods would decrease and demand for inferior goods would increase. Option (a) decrease; increase is the correct answer. Normal goods are those goods for which demand increases as the income of a person increases.
These are those goods that can be bought even if there is an increase in the price of the product or service. Examples of normal goods are air conditioners, luxury cars, branded clothes, and more. Inferior goods are those goods for which demand decreases as income increases. These goods are not bought when people's income increases, and people switch to other products or services.
Examples of inferior goods are public transport, old or used clothes, cheap fast food, etc. So, when the income falls for many residents in the town of Greenville, then demand for normal goods would decrease and demand for inferior goods would increase.
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a producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. the primary location being considered will have fixed costs of $9,200 per month and varivariable costs of 70 cents per unit produced. each item is sold to retailers at a price that averages 90 cents. what volume per month is required in order to break even?
To break even, the producer need to cover the fixed costs of $9,200 per month. This means that he need to produce and sell at least 46,000 units of pottery per month.
The fixed cost is an expense that remains the same, regardless of how much output is produced. Variable costs change with the amount of output produced. The fixed cost per month is $9,200. Variable costs per unit of production = $0.70. The average selling price per unit = $0.90.
Let's calculate the contribution margin (CM) per unit. Contribution margin (CM) = selling price per unit - variable cost per unit= $0.90 - $0.70= $0.20.
Let's calculate the break-even point. Break-even point (BEP) in units = fixed costs / contribution margin per unit= $9,200 / $0.20= 46,000 units. So, the producer must manufacture 46,000 units of pottery in a month in order to break even.
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refers to the practical resources needed to develop, purchase, install, or operate a system. a. operational feasibility b. technical feasibility c. schedule feasibility
Technical feasibility refers to the practical resources needed to develop, purchase, install, or operate a system. The correct answer is B.
It is one of the primary factors that are considered when assessing the viability of a proposed project or system. Technical feasibility encompasses various factors such as hardware, software, networking, and other technical resources that are needed to support a system’s operations. Some of the key factors that are evaluated in technical feasibility analysis include system performance, reliability, scalability, compatibility, and security.
Technical feasibility analysis involves assessing the availability and suitability of the resources that are required to support the system. This includes evaluating the hardware and software platforms that are needed to run the system, as well as the networking infrastructure that will be used to support communications between different system components.
The analysis also involves evaluating the technical skills and expertise of the personnel who will be responsible for developing and maintaining the system, as well as assessing the costs associated with acquiring and maintaining the necessary technical resources. Overall, technical feasibility is an essential factor that needs to be considered during the planning and development of any system. It ensures that the system is built using the appropriate hardware and software platforms and is capable of meeting the needs of its users while being reliable, secure, and scalable.
The technical feasibility analysis provides a basis for determining whether a system is viable and cost-effective, and helps to identify any potential technical risks that may need to be addressed during the development process.
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What percentage of new businesses fail in the first year?
A. 40 percent
B. 75 percent
C. 25 percent
D. 60 percent
Option (c), The percentage of new enterprises that fail in their first year is 25%.
What is one of the main causes of more than 50% of businesses failing after a certain amount of time?Cash flow problems are a major factor in businesses closing their doors, and they are particularly common in startups. Even if the problem isn't investors bailing out, new businesses might fail if they don't meet customer wants or if their price is too high or too low.
According to BLS data, over 20% of new businesses fail during the first two years of operation, 45% fail within the first five years, and 65% fail within the first ten years. Throughout the first 15 years, just 25% of new businesses remain in operation.
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this week, eli lilly said it would cut the cost of what drug in the u.s.?
Insulin is the appropriate response. This week, Eli Lilly announced that it would lower the price of insulin in the United States.
Eli Lilly stated this week that it would lower the price of insulin by 40% for those who pay full price, have high deductible insurance plans or no insurance at all.
Top selling items for Eli Lilly and Company in terms of revenue in 2021–2022. With around $7.4 billion in sales in 2022, Trulicity was Eli Lilly's top revenue producer. Verzenio, which generated roughly 2.4 billion dollars in sales, was the next most profitable medication.
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complete Question -
Which drug will Eli Lilly cut the cost of in the U.S. this week?
A. Insulin
B. Antibiotics
C. Chemotherapy drugs
D. Opioid painkillers
intermediate planning is initiated by a process known as part 2 a. sales and operations planning. b. master production planning. c. overtime planning. d. aggregate planning.
Intermediate planning is initiated by a process known as sales and operations planning (S&OP).
Hence, the correct answer is A. Sales and operations planning.
Sales?A sale is a deal that involves exchanging products or services for a certain sum of money. In other terms, a sale is any action that includes giving the buyer possession of a thing or commodity in return for money.
What is the marketing definition of sales?Sales include the transfer of a product from the maker to the buyer in return for cash. Marketing is the process of marketing a product and determining the needs of the target market.
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purchased a home for $200,000. today, the home is worth $300,000. his remaining mortgage balance is $100,000. assuming michael can borrow up to 80 percent of the market value of his home, what is the maximum amount he can borrow?
The maximum amount Michael can borrow up to 80 percent of the market value is $140,000.
When Michael purchased his home for $200,000, he took out a mortgage loan to finance the purchase. Over time, as the value of his home has increased, he has built up equity in the property. Equity is the difference between the current market value of the home and the outstanding balance on the mortgage loan. In this case, Michael's equity is:
$300,000 - $100,000 = $200,000
Since Michael can borrow up to 80% of the market value of his home, he can potentially access up to $240,000 of the home's value in the form of a home equity loan or line of credit. However, since he still owes $100,000 on his existing mortgage, he would need to subtract this amount from the maximum amount he can borrow, resulting in a maximum additional borrowing amount of $140,000. Homeowners often use home equity loans to finance home improvements, pay off debt, or fund major expenses like college tuition or medical bills.
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castillo corporation, is a specialty retailer that operates stores selling clothes under various trade names. assume that you are employed as a stock analyst and your boss has just completed a review of castillo corporation, for the first quarter of 2019. she provided you with her notes, but they are missing some information that you need. her notes show the inventory for castillo was $2,430 million at the end of the quarter and $2,320 million at the beginning of the quarter. net sales for the quarter were $4,650 million. gross profit was $1,720 million and net income was $417 million. required:
The cost of goods sold for Castillo Corporation in the first quarter of 2019 was $2,935 million, and the amount of inventory purchased during the quarter was $3,045 million.
The missing information that we need to calculate is the cost of goods sold (COGS), which can be calculated using the formula:
COGS = Beginning inventory + Purchases - Ending inventory
where Purchases is the amount of inventory purchased during the quarter.
Using the given information, we can calculate the COGS as follows:
COGS = $2,320 million + Purchases - $2,430 million
COGS = $2,210 million + Purchases
To solve for Purchases, we need to use the gross profit ratio, which is calculated as:
Gross profit ratio = Gross profit / Net sales
Substituting the given values, we get:
Gross profit ratio = $1,720 million / $4,650 million
Gross profit ratio = 0.370
We can use this ratio to calculate the COGS as a percentage of net sales, which is:
COGS ratio = 1 - Gross profit ratio
COGS ratio = 1 - 0.370
COGS ratio = 0.630
Finally, we can calculate the COGS as:
COGS = COGS ratio x Net sales
COGS = 0.630 x $4,650 million
COGS = $2,935 million
Now we can calculate the Purchases as:
Purchases = COGS - Beginning inventory + Ending inventory
Purchases = $2,935 million - $2,320 million + $2,430 million
Purchases = $3,045 million
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Depriciation for for daubtiful debts.
Answer : Some of the typical items which find a place in the profit and loss account of a firm are depreciation, bad debts and provisions. Enlisting these items on the debit side of the account is indicative of creating a charge on the profits of the firm for that period. If these items are not accounted for in the revenue statement for a period, it would hamper the true and fair view of the accounts.
depreciation:A charge on the value of fixed assets of a firm, depreciation usually entails writing down the cost of a fixed asset. This is done in lieu of the matching concept of accountancy. There are two main methods of charging depreciation, which is the straight-line method and the written down value method.
Provision for Doubtful Debts:The provision for doubtful debts is an estimated amount of bad debts that are likely to arise from the accounts receivable that have been given but not yet collected from the debtors. It is similar to the allowance for doubtful accounts
Explanation:
Some of the typical items which find a place in the profit and loss account of a firm are depreciation, bad debts, and provisions. Enlisting these items on the debit side of the account is indicative of creating a charge on the profits of the firm for that period. If these items are not accounted for in the revenue statement for a period, it would hamper the true and fair view of the accounts.
depreciation: A charge on the value of fixed assets of a firm, depreciation usually entails writing down the cost of a fixed asset. This is done instead of the matching concept of accountancy. There are two main methods of charging depreciation, which are the straight-line method and the written-down value method.
Provision for Doubtful Debts: The provision for doubtful debts is an estimated amount of bad debts that are likely to arise from the accounts receivable that have been given but not yet collected from the debtors. It is similar to the allowance for doubtful accounts