In a fairness carve-out, an enterprise sells stocks in a business unit. The final purpose of the organization may be to fully divest its pastimes, however, this may now not be for numerous years. The equity carve-out lets the business enterprise get hold of coins for the shares it sells now.
The seemingly obvious choice for a one-person business is a sole proprietorship, which might be the best style of business available. there's a solid quantity of flexibleness with a sole proprietorship, as you may be an impartial contractor or operate a small business in an extra conventional experience.
“One aspect hit companies have in not unusual is … a strong purchaser focus,” stated John Stevenson, advertising professional at My GRE examination education. “they invent a way of life that is targeted round their clients and consciousness their approaches, services, and products around their offerings wishes.
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teall corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (mhs). the company has provided the following data for the most recent month: budgeted level of activity 10,000 mhs actual level of activity 10,100 mhs standard variable manufacturing overhead rate $ 7.20 per mh budgeted fixed manufacturing overhead cost $ 65,000 actual total variable manufacturing overhead $ 66,600 actual total fixed manufacturing overhead $ 70,500 what was the fixed manufacturing overhead budget variance for the month?
The fixed manufacturing overhead budget variance for the month will be $5500.
Variance may be defined as the measurement of the range or spread of the data in a statistical from. It is also equal to the square of the standard deviation of a given data. The fixed manufacturing overhead budget for the month may be defined as the difference between budgeted fixed manufacturing overhead cost and actual fixed manufacturing overhead cost for the month. the formula will be expressed as:
Fixed manufacturing overhead budget = Fixed budget overhead cost - Actual overhead cost
Fixed manufacturing overhead budget = $65000 - $70500
Fixed manufacturing overhead budget = -$5500
The variance is an unfavorable since the actual overhead cost of $70500 outweighs the budgeted cost of $6500.
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how would you calculate the transfer tax if it's $0.35 per $1,000 of the sales price, which was $400,000?
The way of calculation of transfer tax is (400,000 ÷ 1,000) x .35.
What is transfer tax?When property is transferred from one person or entity to another, a fee called a "transfer tax" is assessed. A state, county, or municipality may impose a transfer tax. The majority of the time, it is not deductible from federal or state income taxes, though it might be included in the cost basis when determining the profit from the sale of securities and investment property. Some states classify transfer tax as an excise tax. State, county, or municipal authorities may charge a transfer tax on real estate in exchange for the right to transfer real estate within their borders. A legal deed, certificate, or title that is transferred from a seller to a buyer is effectively taxed by the government.
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what are three sources of economies of scale? multiple select question. outsourcing communication channels to international vendors spreading fixed costs over a large volume of product the ability of large-volume producers to use specialized equipment the ability of large-volume producers to use effective, specialized employees spreading costs over a small volume of product
Spreading fixed expenses over a greater volume, allowing large-volume firms to use more sophisticated machinery, and allowing them to hire more proficient, qualified workers.
How do I pay international vendors?Wire transfers from one bank to another are the most typical method of paying foreign invoices. Almost all banks and credit unions offer this service, which enables you to transfer money from bank to a patient's bank account located anywhere in the world.
How can I give a vendor cash?Making sure business have receipts that clearly state that you paid with cash is one of the extra steps of paperwork that are necessary when paying your merchants with cash. Be careful not to do this too regularly or with you personal money if you pay your vendors mostly in cash because the IRS might be suspicious.
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companies that advocate unity of command would be least likely to adopt which organizational structure?
Companies that advocate the unity of command would be least likely to adopt a matrix organizational structure.
A professional in the legal industry is known as an advocate. The term has somewhat varying meanings in the legal systems of various nations. An advocate is someone who adds their voice by speaking on behalf of another person in court or by supporting or advancing a certain course of action. Advocacy definitions. a supporter of a cause, person, or idea. alternative words: supporter, exponent, proponent. Teams that have a matrix organizational structure report to various managers. Team members (remote or internal) in a matrix organization report to a project manager in addition to their department head. An organizational structure with multiple lines of reporting managers is called a matrix organization.
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amortization is the concept that applies to the: multiple choice expensing of long-term assets that lack physical substance over their useful lives. depreciation of prepaids and supplies as they are used. recording of amounts collected in advance that have not yet been earned. recording of deferred revenue in the period cash is collected in advance of being earned.
Amortization is the concept that applies to the expensing of long-term assets that lack physical substance over their useful lives.
Amortization is the process of allocating the cost of assets over its lifespan. This process is commonly used in accounting and finance, in order to spread the amounts of an asset over its useful life.
Amortization is often used for intangible assets, such as patents or copyrights. It can also be used for certain types of loans, such as mortgages. Amortization is the process of allocating the cost of an intangible asset over its useful life.
Hence, the correct option is "First".
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how would you justify the use of protective and protective tariffs in today's global markets? give some recent examples.
Protective tariffs are beneficial if they are imposed to safeguard a market. There will be market failure if there is a greater supply of imported items on the market.
The industries of the nations producing goods could fail, which would finally end the manufacturing of goods. For instance, protective tariffs are put on imported Japanese wheelbarrows to compel a price hike if a wheelbarrow built in Japan costs $50 in the US and a wheelbarrow created locally is likewise priced at the same level. Protective tariffs market aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.
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suppose that total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. what can we conclude about the concentration ratio?
Suppose that total sales in an industry in a particular year are $600
The concentration ratio of industry is 83.33%
Calculating the problem:Concentration ratio is the sum of the sales by corporations to the total market share.
The concentration ratio = ($200 million + (150 million) + ($100 million) + ($50 million)/$600 million
= $500 million / $600 million
=83.33%
What's the meaning of concentration rate?The concentration rate is calculated as the sum of the request share chance held by the largest specified number of enterprises in an assiduity. The concentration rate ranges from 0 to 100, and an assiduity attention rate indicates the degree of competition in the assiduity.
What's high concentration rate?A high concentration rate indicates that a many enterprises produce utmost of the assiduity affair and may indicate a significant quantum of request power in the assiduity. High concentration rates don't inescapably indicate request power.
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barton industries expects that its target capital structure for raising funds in the future for its capital budget will consist of 40% debt, 5% preferred stock, and 55% common equity. note that the firm's marginal tax rate is 25%. assume that the firm's cost of debt, rd, is 9.6%, the firm's cost of preferred stock, rp, is 8.8% and the firm's cost of equity is 12.2% for old equity, rs, and 12.8% for new equity, re. what is the firm's weighted average cost of capital (wacc1) if it uses retained earnings as its source of common equity? do not round intermediate calculations. round your answer to two decimal places.
WACC = Weight of debt × Pretax cost of debt× (1 - Tax) + Weight of preferred equity×Cost of preferred equity + Weight of ca) For WACC with retained earnings,
WACC = [40% × 9.6%× (1 - 25%)] + [5% × 8.8%] + [55% × 12.2%]
WACC = 0.0288 + 0.0044 + 0.0671
WACC = 0.1003
WACC = 10.03%
b) For WACC with new stock issuance
WACC = [40% * 9.6% × (1 - 25%)] + [5% × 8.8%] + [55%×12.8%]
WACC = 0.028WAC8 + 0.0044 + 0.0704
WACC = 0.10360
WACC = 10.36%
The weighted average value of capital (WACC) is the price that an agency is anticipated to pay on common to all its safety holders to finance its property. The WACC is generally called the firm's price of capital. Importantly, it is dictated through the outside market and no longer by control. The WACC represents the minimum return that a corporation needs to earn on an existing asset base to satisfy its lenders, owners, and other companies of capital, or they may make investments someplace else.
agencies raise money from a number of assets: common stock, favored inventory and associated rights, immediate debt, convertible debt, exchangeable debt, worker stock options, pension liabilities, govt inventory alternatives, governmental subsidies, and so forth. exclusive securities, which constitute extraordinary assets of finance, are predicted to generate different returns. The WACC is calculated by contemplating the relative weights of each thing of the capital structure. The extra complicated the company's capital structure, the more onerous it is to calculate the WACC.
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if a chicago-based company ships goods on september 30 to a customer in hawaii with sales terms fod destination, does the chicago-based company include the inventory or the sale in its september financial statements?
Once the goods are sold to the FOB destination, the cost is removed from the inventory account and expensed only when the goods arrive at the destination. The item was shipped on September 30th and will not arrive at its destination until October. Therefore, the company must have in stock the cost of the goods he sold on September 30th.
Inventory accounting is the branch of accounting that deals with evaluating and accounting for changes in inventories. A company's inventory usually includes goods in his three stages of production: raw materials, work-in-process and salable finished goods.
As an accounting term, inventory is a current asset and refers to all inventory in various stages of production. Warehousing allows both retailers and manufacturers to continue selling or manufacturing items.
Inventory is an asset and is carried on the University's balance sheet. Inventory is physical property, merchandise, or other items for sale held for resale at a later date.
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what is the specific nine-digit codification citation (xxx-xx-xx-xx) that describes the guidelines for determining the disclosure requirements pertaining to how a firm should determine whether a valuation allowance for dta is needed? b. what are the guidelines?
FASB ASC 740-10-30-17 states that a valuation allowance is needed if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realised. The determination of whether a valuation allowance is needed should be made on a quarterly basis.
(a.)The corresponding FASB ASC is 740-10-30-17 Income Taxes-Overall-Initial Measurement Establishment of a Valuation Allowance for Deferred Tax Assets-Establishment of a Valuation Allowance for Deferred Tax Assets.
(b.)The following are the guidelines :The requirement of valuation allowance for deferred tax assets depends on the positive and negative evidences and the weight of those evidences. There should be availability of current financial position and the results of operations for the entity with respect to current and preceding financial years. For the future years the historical information should be supplemented and made readily available.
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sean represented jamie as a buyer's agent. jamie purchased a property that allowed cooperating agents to receive compensation of 2.5% of the sales price upon closing of the transaction. sean hasn't been paid and the transaction closed six months ago. what can sean do?
Sean can bring action against the broker who did not pay his commission and can bring legal action. Commissions are a type of variable-pay compensation for provided services or sold goods.
Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviours. For instance, while offering significant reductions, commissions might be decreased. When an employee completes a task, typically selling a certain volume of goods or services, they are compensated financially.
At the administrative level, legal action kinds can be described and organised. These types of legal actions form the basis for the legal actions developed for the cases. For each type of legal action, generic data is set up. The legal actions that are established for participants in specific cases inherit this information after that.
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elwood wishes to purchase a home. she has saved up $13,200 for a down payment. based on her earnings, she qualifies for a thirty-year mortgage with level monthly payments of $870 including escrow and a nominal interest rate convertible monthly of 5.81%. her payments are due at the end of each month. from each payment, $280 will be put aside in an escrow account for the payment of taxes and homeowners insurance. what is the most expensive house elwood can buy if her aunt has promised to give her the money needed for loan applications, inspections, and all other required buyer's closing costs? (round your answer to the nearest cent.)
The most expensive house house Elwood can buy other required buyer's closing costs is $111,514.93
This is an annuity problem . just a matter of setting it up properly:
The down payment will be $13,200, and the total cost of the house will be $820 - $240 = $580 in present value monthly "net" payments. The annuity formula is as follows:
$13200 + $580[ 1 - (1+.0585/12)^ - (30x12) ] /(.0585/12) = $111,514.93
The amount for mortage is 820 - 240 = 580.
Using 3 year mortage the PV = PV( 0.0585/12, 30 x 12, 580 ) = 98314.93
Hence the costliest house is 98314.93 + 13200 = $111,514.93
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if the monopolist can engage in perfect price discrimination, what is the average revenue when 7 ties are sold
When a monopolist engages in ideal price discrimination, the marginal revenue curve lies beneath the demand curve. the demand curve and the marginal income curve are identical.
What is a flawlessly discriminating monopolist?A discriminating monopoly is a monopoly firm that fees one of a kind costs to one of a kind segments of its customer base. An on-line retailer might also charge greater expenses to customers in wealthy ZIP codes and decrease expenditures to these in poorer regions.
Is a perfectly rate discriminating monopolist efficient?The flawlessly charge discriminating monopolist will be allocatively efficient due to the fact the ultimate unit bought will have a fee equal to marginal cost.
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Examples of systematic risk are
-future rates of inflation-regulatory changes in tax ratesOptions A and C
What is systematic risk?Generally, In the fields of finance and economics, the concept of systematic risk refers to the sensitivity of an organization to occurrences that have an effect on aggregate outcomes, such as total economy-wide resource holdings or aggregate revenue.
A market or market sector is said to have a systemic risk if it carries a risk that is intrinsic to the market as a whole.'
Systematic risk, which may also be referred to as "undiversifiable risk," "volatility," or "market risk," is a danger that impacts the whole market and not simply a single stock or industry.
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a 17 year old building would cost $245,000 to build new today. you estimate the effective age to be 15 years, the remaining economic life is 45 years and the land value to be $65,000. what is the value by the cost approach?
A 17 year old building would cost $245,000 to build new today. you estimate the effective age to be 15 years, the remaining economic life is 45 years and the land value to be $65,000. The value by the cost approach 229150.
What is effective age?Effective age is the age that reflects the actual remaining useful life of the asset, taking into account the typical life expectancy of the building or its equipment class and its use. Effective Age is the age indicated by the condition and usefulness of the structure. statement is true. The formula for the cost approach is: 12 year old building in good condition is 6 years old according to appraiser. This is known as the effective age.Effective Age is an estimated age based on the usefulness and physical wear and tear of the structure. Effective age is a term used by appraisers to state the age of property based on its current condition rather than its actual age.To learn more about effective age from the given link :
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jim agrees to sell his rolex watch to joe for $3,500. jim and joe each sign a written contract outlining the terms of the sale. jim has second thoughts since it was a gift from his ex-wife tammy. jim calls joe and tells him that he does not wish to sell the watch. joe agrees to discharge the contract. three months later, joe finds out that jim's watch is actually worth $75,000. joe demands to buy the watch for the $3,500 contract price. is jim liable to sell the watch to joe?
The answer would be No. The contract was discharged by mutual agreement. So now Joe cannot demand to buy the watch for $3500 contract price.
A discharge is a measure of the quantity of any fluid glide over a unit of time. The quantity may be either quantity or mass. Hence the water discharge of a tap (tap) can be measured with a measuring jug and a stopwatch. Right here the discharge is probably 1 litre in line with 15 seconds, equivalent to sixty-seven ml/second or four liters/minute. This is an average degree. For measuring the discharge of a river we need an extraordinary technique and the most not unusual is the 'place-velocity' method. The region is the move sectional location throughout a river and the common speed across that phase needs to be measured for a unit time, generally a minute. Dimension of go sectional place and common velocity, even though simple in idea, are frequently non-trivial to decide.
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according to ronald coase, when should we expect to see a transaction occur within a firm as opposed to between two firms?
Ronald Coase contends that transaction costs will follow the same course as when the MC between two businesses is lower than the MC inside one company, leading to transactions between the two firms in the opposite firm.
According to the Coase Theorem, if one party possesses property rights, it is feasible to reach an efficient level of production by negotiations between the two parties, and the market can provide an efficient result.
According to the Coase Theorem, the distribution of property rights is irrelevant in the absence of transaction costs, such as those associated with finding potential trading partners, negotiating contracts, checking for compliance, and so forth. Consider the scenario where a factory owner has an unrestricted right to pollute.
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what was the result on appeal of the r. j. reynolds tobacco case in the text in which the trial court awarded a smoker approximately $200,000 against r. j. reynolds tobacco?
R.J. Reynolds Tobacco Co. prevailed after a state appeals court on Wednesday overturned a $10.6 million judgment against the tobacco company in a case involving a woman's lung cancer death.
Since the spokesperson in the cited instance was made to resemble a cartoon character, entertainomercials are created. Given that the sales presentation featured a cartoon character, let's presume it is a well-known one.
Therefore, sales pitches are referred to as entertainomercials when they contain aspects of prime-time programs.
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the general public is accurately described by which statement(s)? multiple choice they deal with businesses through an economic exchange. this organizational stakeholder consists of individuals and groups found in society. they are unable to influence a firm's reputation. all of these answers are correct.
The general public is accurately described by: organizational stakeholder consists of individuals and groups found in society.
What is stakeholder?A stakeholder is a person, group, or organisation whose interests are affected by a project's or business venture's outcome. The success of the project is important to stakeholders, who may be inside or outside the sponsoring organization.
All individuals or groups with a stake in the success of the company are considered stakeholders. Because the degree of an organization's authenticity is based on how well it satisfies its stakeholders' needs, it is crucial that organisations develop healthy and balanced relationships with these parties.
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kyoto joe, incorporated, sells earnings forecasts for japanese securities. its credit terms are 1/10, net 30. based on experience, 55 percent of all customers will take the discount. a. what is the average collection period for the company? (use 365 days a year. do not round intermediate calculations and round your answer to 2 deceimal places, e.g., 32.16.) b. if the company sells 1,500 forecasts every month at a price of $1,280 each, what is its average balance sheet amount in accounts receivable? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Average collection period = 0.55 (10 days) + 0.35(30 days)
Average collection period = 16 days
And the average daily balance is:
Average balance = 1,500 ($1,280)(12)(16/365)
Average balance = $1,009,972.60
What is Average collection period?
The average collection period is the amount of time it takes for a company to obtain accounts receivable payments due from its clients (AR). To make sure they have enough cash on hand to cover their financial responsibilities, businesses employ the average collection period. For businesses that largely rely on receivables for their cash flows, the average collection period is an important metric since it shows how well a company manages its accounts receivable. To make sure they have enough cash on hand to cover their financial obligations, businesses determine the average collection period.
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Yields On Municipal Bonds Are Generally Lower Than Yields On Similar Corporate Bonds Because Of Differences In A) Risk B) Marketability C) Call Protection D) Taxation E) Liquidity
Yields On Municipal Bonds Are Generally Lower Than Yields On Similar Corporate Bonds because of taxation.
Thus, the correct option is D.
What are Corporate Bonds?
A corporate bond is a bond that a corporation issues to obtain money for a number of purposes, such as continued operations, mergers and acquisitions, or business expansion.
The phrase is typically used to describe longer-term debt instruments with a minimum one-year maturity.
For instance, a $1,000 face value, five-year, zero-coupon bond could be bought by an investor for $800. When the bond reaches maturity, the business pays $1,000, which is equal to the $800 purchase price plus interest, or the $200 original issue discount, for the first five years.
A portfolio's solid source of income is high-rated corporate bonds. They can assist you in saving money for emergencies, college, or retirement.
A company will issue corporate bonds as a way to raise capital. Investors in corporate bonds are lending the firm money, but the corporation is obligated by law to pay the interest stipulated to bondholders.
The corporation pays the bondholder back when a corporate bond matures, which is when the bond's term expires.
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if a borrower pays less than the required monthly amount on a mortgage loan, the borrower will be in default and the loan will have negative amortization if the amount actually paid that month is:
The loan amount actually increases if the borrower pays less than required .
What is negative amortization ?
In the world of finance, negative amortization happens if the monthly loan payment is less than the interest accrued during that time.
Defaulting on a loan's interest payments results in a rise in the principal sum, which is referred to in finance as "negative amortization." A loan with a negative amortization schedule adds unpaid interest to the outstanding principal sum.
Many mortgage packages fall victim to negative amortizations.
Negative amortization might provide borrowers more choice, but it can also expose them to additional interest rate risk.
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craig identified the specific details of a system that needed to be built after consulting with employees of a business to determine their needs. craig is employed as a .
craig identified the specific details of a system that needed to be built after consulting with employees of a business to determine their needs. craig is employed as IT Professional.
Information Technology professionals assist a business by ensuring users can connect to and use computer networks throughout the working day. It is essential for IT professionals to have previous expertise in the field and a thorough grasp of both hardware and software technologies.
To ensure that computer networks and systems operate correctly and effectively, IT professionals are engaged. They also install data security solutions, build up networks, and update outdated software and hardware. To maintain network security, IT professionals must have a firm grasp of firewalls, antivirus software, and anti-spyware.
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jerry is a licensee employed by sal, a real estate broker. jerry must adhere to the policies, procedures and lawful instruction of sal. what duty is this an example of?
Sal, a real estate broker, employs Jerry, a licensed individual. Jerry is required to abide by Sal's rules, regulations, and valid instructions. This is an example of obedience. Hence, the correct response would be option (c).
Give a brief account on real estate agent.Real estate agents and brokers represent both buyers and sellers of real estate and other types of real property. Although a broker may work alone, an agent usually supports a broker with client-representation rights. To manage the paperwork required to conclude real estate deals and negotiate sales contracts, the state offers licenses to brokers and agents. Both buyers and sellers should seek the advice of a registered real estate agent if they want a written explanation of the laws of agency in a particular state. Many governments demand that written disclosures explaining the commitments be signed by all parties.
For concluding a sale, a real estate broker often is paid a real estate commission.
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The complete question is mentioned below :
Jerry is a licensee employed by Sal, a real estate broker. Jerry must adhere to the policies, procedures and lawful instruction of Sal. What duty is this an example of?
a) Accountability
b) Disclosure
c) Obedience
d) Reasonable skill and care
When businesses sponsor
community events they are largely
fulfilling their
responsibility to:
When businesses sponsor community events they are largely fulfilling their responsibility in order to grow their customer base through the promotional benefits of the event.
A community event is an event which is based on the public property, and either has attendees over 50, or blocks or reserves which have access to public passages or the right of way. So, such events have direct and indirect impacts on communities.
These events tend to provide opportunities for skills development, participation, volunteering and social, cultural economic and environmental developments. Thus, this way they also grow their customer base through the promotional benefits.
Hence, such community events also attract the tourists.
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you have decided to pursue a research strategy that focuses on how large a potential market analog audio presents for structural sound. to begin your research, you need to start looking for sources. which general kind of source should you use to begin your research?
The general kind of source should you use to begin your research strategy is a website for a very small company that produces analog sound equipment.
A step-by-step plan of action that directs the researcher's cognitive process is referred to as a research strategy. It makes it possible for a researcher to carry out their research methodically, systematically, efficiently and on time. The primary goal of this section is to introduce the key elements of the study, including the research topic, areas of interest, primary focus, research design, research source and finally the research methods.
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the expected costs to make replacements, alterations, or improvements to a building that materially prolong its life and increase its value is referred to as
The expected costs to make replacements, alterations, or improvements to a building that materially prolong its life and increase its value are referred to as capital expenditures.
Costs, in common utilization, are the financial fee of goods and offerings that producers and clients purchase. In a simple financial feel, the fee is the measure of the opportunity opportunities foregone inside the choice of one proper or activity over others.
In production, research, retail, and accounting, a fee is the fee of cash that has been used up to supply something or supply a service and for this reason, is not to be had to be used anymore. In a commercial enterprise, the cost may be one in all acquisitions, wherein case the amount of cash expended to accumulate its miles is counted as cost.
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dr. rick torres runs a chiropractic clinic. he typically bills his customers for services he performs and gives them about 30 days to make the payments. these amounts of money that his customers owe are called
Dr. Rick Torres runs a chiropractic clinic. he typically bills his customers for services he performs and gives them about 30 days to make the payments. these amounts of money that his customers owe are called accounts receivable.
What are accounts receivable.?Generally, The term "accounts receivable," also known as "AR" or "A/R," refers to a company's legally enforceable claims for payment for goods supplied or services provided that customers have ordered but haven't paid for.
Customers' outstanding debts for products or services they have received but haven't yet paid for are referred to as accounts receivable. For instance, the amount owing when clients buy things on credit is added to the accounts receivable.
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who would be the least likely to buy a leveraged etf? an investor who thinks a big price spike is coming soon an investor who thinks the underlying index will slowly go up over time an investor who wants to invest in oil an investor who day trades
An investor who thinks the underlying index will slowly go up over time would be the least likely to buy a leveraged ETF
What is a leveraged ETF?
A leveraged ETF is an exchange-traded fund that increases the returns of an underlying index, such as the S&P 500, by using debt and financial derivatives as leverage. A leveraged ETF seeks to double or triple the index's daily returns as opposed to the normal ETF's aim to equal the index's returns over time.
By purchasing and holding the stocks in the index, for instance, a conventional ETF that tracks the S&P 500 index aims to mirror the returns of the index with a 1:1 ratio. Leveraged ETFs might aim for returns on a 2:1 or 3:1 ratio, or 2x or 3x, as appropriate.
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an approach requiring organizations to gather information about customer needs, share the information throughout the firm, and use the information to help build long-term relationships with customers is called:
Market Orientation is a strategy that requires organizations to gather about customer needs, share the information throughout the organization, use the information to help build long-term relationships with customers.
Orientation is the process of introducing new employees to their responsibilities, coworkers, and workplace. An effective orientation training helps workers feel more at ease in their new positions, teams, and departments, while also making them aware of business standards and policies. Orientation allows new hires to ask questions and address any issues. It is also designed to help them feel more at ease in their responsibilities. Orientation is vital because it ensures that the organization has a streamlined, systematic method to communicating responsibilities and expectations to a new employee, resulting in a smoother transfer into their new role. An effective orientation helps to lessen the likelihood of employee turnover due to misunderstanding expectations.
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