Slaveholders raised productivity expectations as they invested more cash in land and labor. The first economic advantage of sla-very is appreciated quickly: you get employment in exchange for no pay.
Sla-very is inefficient. The economy, in a way that ret-ards innovation and capital accumulation. And slave labor provided the stuff for brand-spanking new England's textile mills, stimulating the nation's early industry.
Some slaveholders tried and true this case by liberating slave laborers; way more determined to sell them. Though slavery was extremely profitable, it hurt the southern economy.
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auditing interpretations are issued by the audit issues task force of the auditing standards board (asb) to provide timely guidance on the application of pronouncements of the asb. they are group of answer choices not auditing standards. equally as authoritative as statements on auditing standards. more authoritative than statements on auditing standards. nonauthoritative opinions that are expressed without consulting the asb.
a. Not auditing standards Auditing interpretations are interpretive publications and are recommendations for applying ASSA in specific situations.
What do accounting interpretations entail?
According to AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Compliance With Generally Accepted Auditing Standards, auditing interpretations of generally accepted auditing standards (GAAS) are interpretive publications. Recommendations on how to apply GAAS in particular situations, such as engagements for businesses in specialized industries, are found in interpretive publications.
The AICPA Auditing Standards Board (ASB) has the right to create interpretative publications, but only after all ASB members have had a chance to examine and comment on whether the proposed interpretive publication is consistent with GAAS. The AU-C portions contain GAAS auditing interpretations.
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the process of building and maintaining relationships with people whose interests are similar or whose relationship could bring advantages to the firm is called .
The process of building and maintaining relationships with people whose interests are similar or whose relationship could bring advantages to the firm is called networking.
Networking is the process of sharing information or services between individuals, organizations or groups. It provides a tool for people to expand their professional or commercial contacts. As a result, people might establish relationships or a network that is beneficial to them in both their personal and professional lives. Through networking, one can create lasting connections that allow for the trade of goods and services that benefit all parties. Through networking events, social media and professional networking, you can make new and important business connections.
The second half of the 20th century saw the promotion of networking as a way for businesspeople to increase their social capital. In the US, proponents of workplace equity pushed members of underrepresented groups to network in order to identify and address the obstacles they faced.
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The country of Xenia has a small segment of electronics firms that have been building up their expertise over the last two years. This year the country began to have cheap electronic goods from its neighboring country Caladonia, flood over its borders. Xenia's congress is in session and about to vote on implementing new protectionist policies to restrict electronic imported from Caladonia. Which of these reasons would most deftly support Xenia's congressional actions? Xenia needs to protect itself and protect its infant electronics industry. O Xenia needs to protect itself and build its national defense. . Xenia needs to protect itself and promote its electronics exports. Previous Next Together, intra-industry trade and economies of scale provide o competition between producers specialization through machinery ono variety to consumers
Based on the situation described and the available options, the reason that would most deftly support Xenia's congressional actions is that "Xenia needs to protect itself and protect its infant electronics industry"
What are protectionist policies?Protectionist policies are policies legislated by a country to preserve its domestic industries from foreign competition.
Usually, various methods or tools can be used to legislate protectionist policies. These include the following:tariffs,customs dutiessubsidiesimport quotas, etc.For example, if an import quota is ratified, there would be a limit on the number of foreign electronics that would be imported into Xenia. This would enhance the competitive power of firms in Xenia. However, without protective policies, local firms might not be able to withstand foreign competition.
Hence, in this case, it is concluded that the correct answer is "Xenia needs to protect itself and protect its infant electronics industry"
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the new york federal reserve bank is so important to the federal reserve system becuse of the following except that
The Newyork federal reserve bank is so important to the federal reserve system because of the following except that it serves as the location for Federal Reserve board meetings.
The Second District and the United States' economic and financial stability and vigor are promoted by the New York Fed within the Federal Reserve System. Our country's central bank is made up of the 12 regional Reserve Banks and the Board of Governors in Washington, D.C. It is in charge of overseeing monetary policy and the financial system. In order to achieve this, it controls the economy's money supply, sets interest rates, and, more recently, has bought trillions of dollars' worth of assets to bolster the financial markets. It is in charge of overseeing monetary policy and the financial system. In order to achieve this, it controls the economy's money supply, sets interest rates, and, more recently, has bought trillions of dollars' worth of assets to bolster the financial markets. The Federal Reserve System offers a secure, adaptable, and stable monetary and financial system to the nation. The Federal reserve system primary responsibilities include overseeing and regulating banks, implementing national monetary policy, preserving financial stability, and offering banking services.
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the best definition of inflation is a(n) group of answer choices temporary increase in prices. increase in the price of one important commodity such as food. persistent increase in the general level of prices as measured by a price index.
the best definition of inflation is a persistent increase in the general level of prices as measured by a price index
The broad word for an increase in the cost of goods and services throughout an economy in the study of economics is inflation. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction in the purchasing power of money.
The three primary sources of inflation that can be broadly defined are cost-push, demand-pull, and inflation expectations.
Both high and low inflation can be harmful to the economy, however low inflation may be worse. When the economy is struggling and inflation is too low, the Fed will take the opposite action by lowering interest rates or buying assets to increase cash flow.
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as people age, their human capital can decline due to changes in the marketplace that demand different skills and abilities. one way to boost human capital is to
Both returning to school to pick up a new skill and enrolling in a continuing education program are appropriate.
What is human capital?The knowledge, skills, and health that people invest in and amass over the course of their lives give them the opportunity to realize their potential as contributing members of society.These resources are the collective potential of the populace, which is wealth that can be used entirely or in part to further the objectives of the state or the country. Three categories of human capital are further divided: knowledge capital, social capital, and emotional capital.Human capital development is essential for eradicating extreme poverty and fostering more inclusive societies. This is accomplished by investing in people through good nutrition, health care, quality education, employment, and skills.To learn more about human capital refer to:
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mcneil uses the high-low method of estimating costs. mcneil had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. when, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000. what would mcneil estimate its total cost to be if sales equaled 8,000 units?
Mcneil estimate its total cost to be if sales equaled 8,000 units.
Using the high low method
Subtract total costs price/ subtract units = decimal
Highest total cost - ( decimal * largest unit)= answer
(answer * estimated unit) + answer= final answer
What is high-low method?The high-low technique compares the overall costs at each level of activity, starting with the highest level and ending with the lowest level. It is easy to figure out the fixed and variable costs by solving the system of equations if the variable cost is a fixed charge per unit and the fixed costs stay the same.
The hotel manager would like to create a cost model to forecast future operating expenses. The amount of activity (number of visitors) and total expenses for each month are, however, the only facts that are readily available.
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cost benefit analysis a. considers only short-term effects. b. values costs over benefits focusing on internalities. c. is a value-free social-scientific approach.
Cost-benefit analysis is influenced by value judgments. Hence the correct choice of answer for this question would be option (a)
Write a brief note on Cost-benefit analysis.Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore. The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action. Additionally, some consultants or analysts create models to put a monetary value on intangible things like the advantages and disadvantages of relocating to a specific location.
Prudent managers perform a cost-benefit analysis to assess all the costs and profits that a company might produce from the project before starting a new project or building a new factory. Depending on the results of the investigation, the company will decide whether to move through with the project or try something else.
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The complete question is mentioned below :
Cost-benefit analysis :
a. is influenced by value judgments
b. considers only short-term effectsc
c. values cost over benefits focusing on internalities
d. is a value-free social-scientific approach
a company purchases inventory on account for $45,000 with terms 2/10, n/30. under the net method of accounting for purchases, the purchase would be recorded at:
A business pays $45,000 for inventory on account with periods of 2/10 and n/30. The purchase would be recorded as $44,100 using the net method of accounting for purchases.
Describe the net method.The net technique counts on the buyer benefiting from the cash discount. The original entries in the example's accounts payable or accounts receivable are for $490 rather than $500.
When the payment is made, the buyer books a $10 debit to purchase discounts lost, and the seller books a $10 credit to sales discounts forfeited if the buyer declines the discount. The net technique offers a little bit more information than the gross method since it highlights discounts that were not used.
Calculation:
A business or organization records its customer's invoices using the net approach. When recording purchases using the net method of accounting, the cash discount is taken into account.
Therefore,
Cost of acquisition: $45,000
Discount in cash at terms of 2/10 and n/30
$45000 x 2% = $45,000 x 0.02 =$900
The net purchase price is equal to $44,100 ($45,00 - $900).
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what refers to your willingness to engage in risky behavior that entails the possibility of a financial loss?
Risk tolerance is related to having the resources and controls in place to absorb or "tolerate" a given risk, expressed in qualitative or quantitative risk criteria, and accepting the outcomes of a risk should they occur.
How is risk tolerance determined?
Ask yourself questions like these and think about your behavioral tendencies to get a better understanding of your risk tolerance. Think about what you would likely do if you lost a lot of money on an investment or what decisions you've made in the past when the markets went down.
What three aspects of risk tolerance are there?
An investor's risk tolerance is the amount of loss they are willing to take when making an investment decision.Typically, investors are divided into three main categories based on their tolerance for risk.Aggressive, moderate, and conservative are among them.
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this term is used to define the provision which allows the bond issuer to settle the payments towards the bond before the maturity.
The term that defines the provision which allows the bond issuer to settle the payments towards the bond before maturity is known as the call feature.
What is a call feature?A call feature is referred to a feature in a bond agreement that allows the issuer to buy back bonds at a set price within certain future time frames. The issuer uses a call feature to hedge against interest rate risk. If interest rates decline bonds can be bought back and replaced by bonds carrying a lower interest rate.
The call feature may also limit the amount of money that a bondholder might otherwise be able to earn by holding a bond.
So when a call feature is present investors demand a higher effective interest rate.
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In 2008, the US economy slipped into a recession. GDP dropped for two consecutive quarters, the economy experienced some deflation, and the unemployment rate rose to 7.6% in January 2009. As an economic advisor to Congress and the President, what would you suggest should be done regarding the tools of Fiscal Policy? Write a paragraph explaining how your recommendations pertaining to two fiscal policy tools would work to improve aggregate demand and increase the circular flow, while remedying the economic indicators listed above.
The tools for the fiscal policy to solve the problem for recession are spending tool and revenue tool.
Spending tool involves government spending. Government should increase its capital expenditure such as building building, roads, dams ,schools, hospitals. These spending will increase country's capital stock as it will increase the employment level and adds up to the people earning.
It will in increasing the consumption pattern in the economy and results in in increasing the aggregate demand , hence the problem of recession will be solved.
Revenue tools includes direct taxes and indirect taxes.
Government should decrease the tax rates , so that it will increase the real income of the people which will increase the consumption and aggregate demand in the economy .
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to recognize the use of and benefit received from long-lived assets, such as equipment, during the accounting period, expense should be recorded. a. accumulated depreciation b. interest c. depreciation d. supplies
To recognize the use of and benefit received from long-lived assets, such as equipment, during the accounting period depreciation expense should be recorded.
Accounting is the process of recording, classifying, and summarizing financial expense to provide information that is useful in making business decisions. The three main functions of accounting are financial reporting, recordkeeping, and tax preparation.
Assets are items of value that a company owns or controls. Equity is the ownership interest that shareholders have in a company.
hence, the correct option is (C) Depreciation.
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With a monopoly, marginal cost is less than price. Does that mean too much or too little is produced by a monopoly for allocative efficiency? why?.
With a monopoly, marginal cost is less than price. This means that the monopoly is not allocating resources efficiently. The monopoly is producing too little for allocative efficiency.
A monopoly exists when there is only one firm selling a good or service for which there are no close substitutes of marginal cost . The monopoly firm is the market producer, and the market demand curve facing the monopoly firm is the market demand curve.The monopoly firm has market power, which is the ability to charge a price above marginal cost and still earn positive economic profits. The reason the monopoly firm can do this is because there are no close substitutes for the good or service that the monopoly firm is selling.
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which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?
The benefits coordination stipulation prohibits you from obtaining benefits from two or more group policies combined if doing so would cause them to cost more than they actually do\
A benefits coordination provision is what?Most health plans have a clause known as Coordination of Benefits (COB) that enables families with two wage earners to obtain up to 100% coverage for medical care. Which plan is the primary for you, your spouse, and your dependent children are determined by COB regulations.
According to the COB, your plan is the primary one for you, your spouse's plan is the major one for them, and the "Birthday Rule" determines the primary coverage for your children.
The National Association of Insurance Commissioners (NAIC), in collaboration with the insurance industry, developed COB as an industry standard. It's not a rule. COB can be challenging, particularly if you and your spouse have various types of plans.
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the integration of a variety of communication elements to deliver a comprehensive, consistent message to all customers over time, across all elements of their retail mix and across all delivery channels is referred to as
Is referred to as integrated marketing communications.
What is communicatiom?
Giving, receiving, and sharing information are all parts of communication, which can take the form of talking, writing, listening, or reading.
Effective communicators pay close attention to others' opinions, speak or write clearly, and respect them.
In daily life, communication enables us to connect with others, share our experiences and needs, and strengthen our bonds. It gives us the chance to communicate our thoughts, share information, and express our emotions. All of us must communicate.
What is communication process?
The term "communication process" refers to the movement of information or a message from the sender to the receiver through a chosen channel while navigating obstacles that slow it down. Since the sender initiates communication and receives it back in the form of feedback, communication is a cyclical process.
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which of the following is considered a fraudulent activity? group of answer choices a mistake in gathering or processing accounting data from which financial statements are prepared. an incorrect accounting estimate arising from oversight or misinterpretation of facts. misappropriation of assets. a mistake in the application of accounting principles relating to amount, classification, manner of presentation, or disclosure.
Misappropriation of assets is considered as a fraudulent activity in terms of accounting , which is option c of the given questions.
What purpose do accounts provide as a means?Gathering and presenting financial information on a company's operations, finances, and cash flows is the aim of accounting. After that, decisions are made based on this information regarding how to run the business, make investments in it, or give credit to it.
What makes accounting records so important to businesses?Accounting is crucial to running a business because it makes it simpler to keep track of income and expenses, ensures legal compliance, and provides access to quantitative financial data that can be used by investors, management, and the government to make decisions.
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buyers of a product will bear the larger part of the tax burden, and sellers will bear a smaller part of the tax burden, when the supply of the product is more elastic than the demand for the product. true false
True because as given the supply of the product is more elastic than the demand for the product.
When demand is more inelastic than supply or when supply is more elastic than demand, buyers or consumers of an item will be responsible for a bigger portion of the tax burden.
The cost of production will rise as a result of the taxation. As a result, the product's price will go up.
If the demand is inelastic, a rise in the product's price will result in a lesser decline in the amount demanded. As a result, buyers will pay a greater price. They therefore shoulder a greater responsibility together.
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lightsey natural dying corporation measures its activity in terms of skeins of yarn dyed. last month, the budgeted level of activity was 14,800 skeins and the actual level of activity was 15,100 skeins. the company's owner budgets for dye costs, a variable cost, at $0.51 per skein. the actual dye cost last month was $8,660. in the company's flexible budget performance report for last month, what would have been the spending variance for dye costs?
Answer:
Direct material price variance= $966.4 unfavorable
Explanation:
Giving the following information:
Actual level of activity was 15,100 skeins.
Standard cost= $0.51 per skein.
The actual dye cost last month was $8,660.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 8,660 / 15,100= $0.574
Direct material price variance= (0.51 - 0.574)*15,100
Direct material price variance= $966.4 unfavorable
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resolving a dispute by deferring to formulas established by the financial accounting standards board reflects which of the four key principles of negotiation?
Answer:use objective criteria when possible
Explanation: quizlet
lauren buys groceries every month from walmart and rarely does much research on the products she buys. what is the marketing term for this type of consumer behavior?
Lauren buys food from Walmart once a month and rarely does research on the things she buys. Routine response is the marketing phrase for this type of consumer behavior.
Wal-Mart Stores is an American multinational retail firm headquartered in Bentonville, Arkansas that operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States.
The company was established in 1962 by Sam Walton in the nearby town of Rogers, Arkansas, and on October 31, 1969, it was incorporated in Delaware under the General Corporation Law.
Additionally, it owns and runs Sam's Club retail locations. Walmart has annual revenues of almost $570 billion, making it the greatest firm in the world by revenue, according to the May 2022 Fortune Global 500. It is also the largest private employer in the world with 2.2 million workers. It is a publicly traded family business because the Walton family owns and controls the corporation. In 1972, Walmart debuted on the New York Stock Exchange.
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Which innovation in transportation has allowed for faster transportation of goods to market and the settlement of people in both the united states and canada?.
The locomotive created a durable, quick, and affordable method of moving goods that revolutionized commercial transportation. When the Central Pacific and Union Pacific were joined in 1869, it became the first transcontinental line, and the first train on it was the Governor Stanford.
Steam locomotives started to compete with horse-drawn locomotives in the late 1820s. People were thrilled by the new kind of transportation that the railroads with steam locomotives provided, which boosted their upbeat perspective of the potential of technical advancement.
With the use of canals, steamboats, and railroads, the growth of domestic trade in America significantly grew. The Transportation Revolution came to be known as a result of these technological developments.
The fastest means of transportation is an airplane. It travels a great distance in a short amount of time. Therefore, it is useful for covering great distances quickly.
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Which of the following is not a step in the marketing research process?
O a. Estimate sales
O b. Interpret the information
O c. Make a preliminary investigation
O d. Gather factual information
The correct answer is option (a) Estimate sales.
The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.
In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.
In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.
Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.
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if an individual is assigned a task during a project, they are now considered a member of the . a.) project sponsor group b.) stakeholder group c.) project team d.) business
They are now considered a member of the project team. The project team is the group of people who are in charge of carrying out the activities and generating.
The deliverables described in the project team. plan and schedule, as directed by the project manager, at whatever level of effort or involvement is specified. Contributing to overall project objectives, serving on generating, delivering expertise when required, and collaborating with the overall team to satisfy business needs are all tasks of project team members. Depending on the circumstances, a small business may have only one team that works on the various projects.
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what is a reason that the use of licensing to enter international markets has increased significantly in recent years?
Revenue analysis is a reason that the use of licensing to enter international markets has increased significantly in recent years.
A marketplace is a composition of structures, establishments, approaches, social members of the family or infrastructures wherein parties engage in trade. even as parties may alternate items and offerings with the aid of barter, most markets depend on dealers presenting their items or offerings to customers in change for money.
A market is a place where buyers and dealers can meet to facilitate the change or transaction of goods and services. Markets may be physical like a retail outlet, or digital like an e-store.
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At the beginning of the period, the Fabricating Department budgeted direct labor of $146,400 and equipment depreciation of $26,000 for 6,100 hours of production. The department actually completed 7,900 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $172,400
The budget for the department is $155,000.
What is a budget?A calculating plan, usually but not always financial, is an annual or monthly budget. A budget could contain anticipated sales and income levels, resource quantities like time, costs, and expenses, environmental impacts like greenhouse gas emissions, other impacts, assets, liabilities, and cash flows. Families, corporations, governments, and other organizations utilize budgets to express their strategic plans of action in measurable terms. A budget lists anticipated costs and offers ideas for how to pay for them. A budget can display resources that are extra for future use or a deficit where spending exceed income or other available resources. A budget is a summary or plan of the assets and costs that are anticipated from a government.
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the cooper foundation contributes $20,000 per year into an annuity fund for building a new zoo. the fund earns 7.5% interest. find the amount in the fund at the end of 10 years. (round your final answer to two decimal places.)
The amount can be determined by the formula of annuity -
FVn = PV(1 +r) ^n
= 20000 (1 + 7.5%)^10
= $ 304, 162.38
Amount in the fund at the end of 10 years will be $304,162.38.
An annuity is a series of payments made over a certain period of time at regular intervals. A stream of future cash payments has both a present value and a future value, which is what they are currently worth (the amount that will be accrued from the payments earning compound interest).
Payments under a typical annuity don't begin immediately away. Instead, payments are made at the end of each cycle, which is usually a month or a year.
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suppose a stock price can go up by 14.25% or down by 12.25% over the next year. you own a one-year put on the stock. the interest rate is 9%, and the current stock price is $57. a. what exercise price leaves you indifferent between holding the put or exercising it now? (do not round intermediate calculations. round your answer to 2 decimal places.) b. how does this break-even exercise price change if the interest rate is increased?
Here the stock price can go up or down by 15.25% and 13.25% the interest is 11% the stock price is $61.
suppose p is the probability of the rise in the stock price so if investors aer risk natural
Expected return = (probability of rise X change in the price) + (1-probability of risk)
0.11 = (px0.1525) + (1-p)x( - 0.1325)
0.11 = 0.1525p + 0.1325p - 0.1325
p = 0.851
the probability next period's stock prices are
$61x1.1525 = 70.30
$61x0.8675 = 52.92
let X be the break-even exercise price then the below equation should be true
X - 61 = [(p)($0) + (1 - p)(X - 52.92)] /1.11
= [(0.851x0)+(1-0.851)(X-52.92)]/1.11
1.11X-67.71 = 0+0.149X-7.8850
X = 61.51
therefore the broken exercise is 61.51
(b)
if the rate is increased in that case the value of the option will get down
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to increase sales of chex cereals, ralston purina offered a free pound of bananas to customers who bought the large-size box. this form of sales promotion is called a
To increase sales of Chex cereals, Ralston Purina offered a free pound of bananas to customers who bought the large-size box. this form of sales promotion is called a Trade Promotion Techniques.
What is Trade Promotion Techniques?
Trade promotion is a marketing strategy that uses special pricing, display fixtures, demonstrations, value-added bonuses, no-obligation freebies, and other incentives to boost product demand at retail businesses. Trade promotions can assist businesses in a number of ways.
A trade promotion is a marketing tactic used by B2B businesses to draw in additional clients. Promotional discounts, financial refunds, and competitions are a few examples of these activities. This marketing strategy is typically used by wholesalers and product brands to forge alliances with companies.
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evaluating a message refers to the process of critically analyzing a message to determine its truthfulness, utility, and trustworthiness. group of answer choices true false
Evaluating a message of the speaker refers to the process of critically analyzing a message to determine its truthfulness, utility, and trustworthiness. This statement is TRUE.
Usually, when we go to a speaking event, it's to hear the speaker's message. We are there specifically because the message has significance for us. This may be a lesson from one of your favorite professors or a speech of inspiration from a well-known public speaker. Analyzing the speaker's thoughts is another technique to assess a message's validity. A strong speaker will back up his arguments. The speaker's belief in a thriving real estate market may be supported by a few local real estate specialists. The message becomes more credible if this occurs.
Put the speaker's arguments to the test by locating evidence to back up the statements as soon as possible. To find out how the speaker actually gathered his facts and information, you must conduct research.
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