the dunder mifflin company has current assets of $218,910, total assets of $685,360, current liabilities of $193,670, and long-term liabilities of $210,180 . the firm has 77,900 shares of common stock outstanding. compute the firm's book value per share (that is, book value of equity divided by number of shares of common stock outstanding).

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Answer 1

The company's book value per share is calculated as follows: ($685,360 - $193,670 - $210,180) / 77,900 = $281,510 / 77,900 = $3.62 per share; total assets - current liabilities - long-term liabilities.

By deducting the company's short-term and long-term liabilities from its total assets and then dividing the figure by the number of existing shares of common stock, one may get the book value per share of the company. In this instance, ($685,360 - $193,670 - $210,180) / 77,900 = $281,510 / 77,900 = $3.62 is the book value per share. The value of the company's assets less its liabilities, divided by the quantity of outstanding shares, is what this number denotes. A high book value per share could be a sign that the business is financially stable and has potential to expand. It is crucial to remember that the book value per share should be compared to other financial ratios and metrics because it may not accurately reflect the company's market worth.

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Related Questions

What is mandatory spending? What are entitlements?

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Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt.

What is national debt?

A nation's total amount owed to creditors is known as its national debt. As a measure of a country's sustainability, economists frequently concentrate on the debt to GDP ratio.

Countries borrowing in a currency under their control have the option of issuing new money to pay off their debt. The rapidly expanding U.S. budget deficits in the upcoming years are projected to be made worse by rising interest rates and Social Security deficits.

At historic levels each month, the U.S. national debt is now in the tens of trillions of dollars. The ratio of the country's debt to its gross domestic product, or debt-to-GDP, is typically considered to be more significant than the nominal level of the national debt in dollars.

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if the federal trade commission (ftc), a government agency, requires businesses to adhere to certain standards in advertising, the law that would cover this rule would be:

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If the Federal Trade Commission (FTC), a government agency, requires businesses to adhere to certain standards in advertising, the law that would cover this rule would be administrative law.

What is administrative law?

Administrative law encompasses the body of laws, procedures, and legal institutions affecting government agencies as they implement legislation and administer public programs. As such, administrative law implicates important political and social values, including democracy, fairness, and efficiency. There are two main types of administrative law: rules and regulations and administrative decisions. Both are made by government agencies or commissions which derive their authority from Congress or a state legislature.

Most of these agencies or commissions are part of the executive branch of government.

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hudson corporation will pay a dividend of $4.40 per share next year. the company pledges to increase its dividend by 3.30 percent per year indefinitely. if you require a return of 5.60 percent on your investment, how much will you pay for the company's stock today?

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Present value of the future dividend is $4.2929, and that is the most you would pay for a share of the company's stock today.

To determine the amount you would pay for a share of stock today, you need to find the present value of the dividends you will receive in the future.

Let's first calculate the future value of the dividend after one year:

[tex]$FV = $4.40 * (1 + 0.0330) = $4.5532[/tex]

Next, we will find the present value of this future dividend, which is the value today that is equivalent to receiving $4.5532 in one year, given a required return of 5.60 percent.

[tex]$PV = \frac{FV}{(1 + r)^1} = \frac{$4.5532}{(1 + 0.0560)^1} = $4.2929[/tex]

So, the present value of the future dividend is $4.2929, and that is the most you would pay for a share of the company's stock today.

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an interest rate that reflects the return required by a lender and paid by a borrower, expressed as a percentage of the principal borrowed.

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Annual percentage rate or APR is the return that a lender expects and that a borrower is required to pay, expressed as a percentage of the principal borrowed.

What is the Annual Percentage Rate?

An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle.

An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.

APR is the annual percentage rate: a percentage of the principal borrowed, given as an interest rate, that shows the return that a lender expects and that a borrower must pay.

Using the equation APR = ((Interest + Fees / Principal or Loan amount) / N or Number of Days in Loan Term)) x 365 x 100, one may calculate the annual percentage rate (APR).

Therefore, the annual percentage rate or APR is the return that a lender expects and that a borrower is required to pay, expressed as a percentage of the principal borrowed.

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your company received $100,000 investment from shareholders. which journal entry correctly records this event? group of answer choices

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The journal entry to correctly record the $100,000 investment from shareholders would be:

What is Journal Entry ?

Debit: $100,000 in cash

Contribution: Share Capital (or Common Stock) $100,000

The company's cash assets and share capital, which symbolises the owners' equity in the business, both increased as of the date of this entry. Shareholder investment is a money infusion into the business that can be used to finance daily operations, settle debt, or seize expansion opportunities.

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an hr specialist is a person who has responsibility for performing a variety of hr activities question 3 options: true false

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The given statement exists false. The recruitment, selection, and employment of new hires is handled by human resources professionals.

What is a HR specialist?

One must have a broader perspective and become knowledgeable in all fundamental HR disciplines, including hiring, training, compensation, performance management, and so on, in order to be a human resources generalist. One option for a human resources specialist is to narrow their attention to just one or two of the aforementioned areas and to specialize in them.

The five primary responsibilities of human resources are talent management, compensation and benefits, training and development, compliance, and workplace safety. The HR department can contribute to organizational structure and the ability to meet business goals by managing the employee lifecycle effectively.

The recruitment, selection, and employment of new hires is handled by human resources professionals. They may also deal with training, employee relations, and pay and benefits.

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efficiency wages are: a market equilibrium wages. b set above equilibrium wages to act as an incentive for better performance. c set below the equilibrium wage to increase firm profits. d set by the government to reduce poverty. e required by union contracts and encourage firms to hire more workers at this wage.

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The correct answer is (b) "set above equilibrium wages to act as an incentive for better performance."

Efficiency wages are wages that are set above the equilibrium wage level in order to act as an incentive for better performance by the workers. Therefore, the correct answer is (b) "set above equilibrium wages to act as an incentive for better performance." The idea behind efficiency wages is that by paying workers more than the market wage, firms can motivate their employees to work harder, be more productive, and reduce employee turnover. This can lead to cost savings for the firm and ultimately result in higher profits. While efficiency wages are not a market equilibrium wage, they are a strategy that some firms use to increase their productivity and competitiveness in the market.

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what is the reason the oig initiated the path audits? a. to assist in the payment of medical education for students pursuing pathology specialties to encourage enrollment in the programs b. to help teaching assistants select the best medical path in respect to their academic strengths c. to determine whether, and to what extent, medicare payment discrepancies exist in respect to teaching physicians, at teaching hospitals throughout the country d. to determine proper payment for pathology services

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To determine whether, and to what extent, Medicare payment discrepancies exist in respect to teaching positions, teaching hospital throughout the country.

The Office of Inspector General (OIG) has led the nation's initiatives since its founding in 1976 to combat waste, fraud, and abuse and to boost the effectiveness of Medicare, Medicaid, and more than 100 other Department of Health & Human Services (HHS) programs.

To enhance economy, efficacy, and performance in our agency's operations and programs is one of our functions, as is preventing and identifying deception, waste, misuse, misbehavior, and incompetence in the government.

The medical school receives education funds from CMS, endowments, and tuition to pay physicians who are involved in teaching activities. The hospital pays the residents and interns under its supervision.

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many people do not like working for someone, so being your own is an advantage of sole proprietorships.

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That is one of the benefits of being a lone proprietor. Sole proprietorships provide more autonomy and flexibility.

What is sole proprietorship?

A sole proprietorship is a sort of business structure in which the single owner is an individual who runs the business without the formal structure of a corporation. It is the most basic and widely used type of corporate organisation. Profits are taxed as personal income, and the individual owner is completely accountable for all aspects of the firm, including debts and liabilities. A sole proprietorship has the advantage of being simple to start up and maintain, with few legal and regulatory restrictions. There is also more flexibility and control because the owner has entire authority to make decisions and manage the business anyway, they see fit.

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47. a seller tells the listing agent that her home was treated for termites 10 years ago, so there are no termites now. before listing the property, the agent should:

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The agent should recommend that the seller have a professional pest control company inspect the property for termites and provide a written report.

What is agent?

An agent is an entity which performs actions on behalf of another entity. It can be a person, an organization or software applications. Agents are used to facilitate communication, negotiate between parties, and provide information. Agents can be used in a variety of fields, such as finance, marketing, law, and customer service. Agents typically have specialized knowledge or expertise in the subject area and can provide advice to the customer or client. Agents are used to automate tasks, such as collecting data from multiple sources, making decisions, and executing actions. Agents can be used to facilitate communication between customer and service provider, or to negotiate between two parties. Agents can also be used to provide information to customers or clients, such as providing product information or price comparisons.

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tonight i can either (1) go out to dinner and a movie, or (2) cook dinner for some friends, or (3) eat a hamburger at the baseball game. i prefer to do (1), then (2), and finally (3) if i can only do one. if these are my best choices and the dollar cost of each is the same, what would be the opportunity cost of my going out to dinner and a movie?

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The potential cost of me seeing a movie and going out to supper preparing a meal for some pals.

How does opportunity cost work? What is it?

The value of the resource's next-highest alternative usage is what economists refer to when they talk about an opportunity cost for a resource. For instance, you cannot use the time and money you spend going to the cinema to view a movie at home or to make another purchase.

What does opportunity cost actually mean in its most basic sense?

In economics, the term "opportunity cost" refers to the benefits given up by choosing one option over another. Opportunity costs are easy to ignore, yet understanding missed opportunities is crucial for making better informed business decisions.

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which major financial statement answers the following question: does the firm generate enough funds to support anticipated investment, or does additional outside capital need to be raised? a. balance sheet b. statement of cash flows c. annual report d. income statement

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The statement "does the firm generate enough funds to support anticipated investment, or does additional outside capital need to be raised? " is the example of B. statement of cash flow.

In the term of business and financial economic, A cash flow statement generally can be defined as a financial statement that provides aggregate data regarding all cash inflows. The cash flow statement is received by a company receives from its ongoing operations and external investment sources. There are several aspects that included in the cash flow statement, such as all cash outflows that pay for business activities and investments during a given period.

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With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy? a. an increase in the marginal income tax rate, which would reduce the work effort of individuals b. instituting a tax policy encouraging consumption at the expense of investment c. instituting a tax policy encouraging investment at the expense of consumption d. passage of legislation reducing the workweek to 30 hours

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With time, instituting a tax policy encouraging investment at the expense of consumption is most likely to result in an outward shift in the production possibilities curve of an economy.

What is the production possibilities curve?

PPC stands for Production Possibility Curves, a method for visualising the trade-off between a project's marginal revenue (or benefit) and its variable costs. In this method, the project is represented by an arbitrary profit-maximizing project that can be constructed by changing the project's marginal cost. By displaying a succession of points that correspond to the ideal amount of money that can be employed to maximise the project's profitability, the curve depicts the potential profitability of the project. A "production possibility frontier," or the broadest conceivable combination of output levels and fixed costs, is how the term "production possibility curve" is derived.

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Which of the following terms refers to agricultural practices put in place to conserve resources for future generations?A)SustainabilityB)ConservationC)DomesticationD)Petroleum

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Conservation agricultural practices put in place to conserve resources for future generations .

What significance does conservation agriculture have?

Due to its lower energy requirements and better nutrient use efficiency, conservation agriculture uses 20 to 50 percent less labor overall.

                         This helps to lower greenhouse gas emissions. It also protects soil from deterioration and the release of carbon into the atmosphere while stabilizing and protecting soil.

What is the name of sustainable agriculture?

The production of food and cattle over the long term with little harm to the environment is known as sustainable agriculture, also referred to as sustainable farming. While taking into mind the wellbeing of the surrounding ecology, it seeks to feed a growing human population.

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which insights gained from a swot analysis could lead mcdonald's to open new restaurants in china? (check all that apply.)

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The insights are gained from a SWOT analysis could lead McDonald's to open new restaurants in china is the "growth in emerging economies and market share decline in developed economies".

The SWOT analysis is the analysis which is done in the business to analyze the strategic planning and the strategic management techniques which is used to help the individual or organization. The  SWOT analysis identify the strength, weakness, and the opportunities etc, in the business competition and planning.

The four main term of the SWOT analysis is strengths, weakness, opportunities and the threat for your business. So, the correct option is D.

The question is incomplete, the complete question is here:

Which insights gained from a SWOT analysis could lead McDonald's to open new restaurants in china? (check all that apply.)

a. Cash

b. buildings.

c. company's organizational structure.

d. growth in emerging economies and market share decline in developed economies.

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explain what a credit memorandum is by completing the following sentence. when a seller grants an allowance on a previous sale, the (customer/creditor/seller) issues a credit memorandum to inform the (customer/seller) of a credit made to the buyer's account receivable in the seller's records.

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When a seller grants an allowance on a previous sale, the seller issues a credit memorandum to inform the customer of a credit made to the buyer's account receivable in the seller's records.

What is Credit Memorandum?

The term "credit memorandum" refers to a form or document that notifies a buyer that the seller will be crediting or reducing the amount that the buyer owes in accounts payable, thereby reducing the amount of accounts receivable in the seller's account.

This form or document is also referred to as a credit memo invoice. Both a debit memo and a credit memo inform clients of a change in their account status. Customers (or buyers) are informed via a debit memo as to why their account balance has decreased or why they now owe more. Contrarily, credit memos: They record alterations that raise an account balance.

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what does sinclair say regarding cleaning the waste barrels? describe what was often in the barrels. what would happen with the materials from the barrels?

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They would take cartload after cartload of it, throw it into the hoppers with fresh meat, and then distribute it to the public for breakfast. In the barrels, there would be dirt, rust, old nails, and stale water.

Describe a trash drum.

The 55-gallon drums known as hazardous waste drums, which are used to store and transport hazardous waste, are available in a variety of sizes, materials, and closure types.

How big are burn barrels?

The 55-gallon drum serves as the basis for the ordinary and conventional burn barrel. Modern burn barrels are available in a variety of sizes, ranging from 20 gallons to over 55 gallons, despite the fact that this was the first and most popular type of burn barrel.  There are various ways to get a 55-gallon barrel.

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within a brief period of time, supergroup lost its ceo, cfo, and chief operating officer. which support function within the value chain would be responsible for dealing with this situation?

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The Human Resources (HR) function would be responsible for dealing with this situation.

What is The Human Resources (HR)?

Generally, They would need to work with the board of directors to identify and recruit new executives to fill the positions, as well as ensure that all necessary legal and regulatory requirements are met.

They would also be responsible for managing the transition of leadership and providing support to the remaining employees during this time of change.

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dake corporation's relevant range of activity is 2,000 units to 5,000 units. when it produces and sells 3,500 units, its average costs per unit are as follows if 2,500 units are produced, the total amount of direct manufacturing cost incurred is closest to:

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The total amount of indirect manufacturing cost incurred is closest to $22,780.

The calculation of the aggregate sum of roundabout assembling cost brought about is displayed beneath:

= Variable assembling above + fixed assembling above

where,

Variable assembling above = Number of units created × variable assembling above per unit

= 4,600 units × $1.30

= $5,980

Fixed assembling above = Number of units created and sold × fixed assembling above per unit

= 5,600 units × $3

= $16,800

Thus, the completely aberrant assembling cost is

= $5,980 + $16,800

= $22,780

Indirect manufacturing costs are creation costs that can't be straightforwardly connected with a delivered unit.

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This question is not complete. Here I am attaching the complete question:

Dake corporation's relevant range of activity is 2,000 units to 5,000 units. when it produces and sells 3,500 units, its average costs per unit are as follows if 2,500 units are produced, the total amount of direct manufacturing cost incurred is closest to: its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Pixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.55 $3.50 $1.30 $3.00 $0.90 $0.60 $0.70 $0.60.

an instrument designed to measure five dimensions of job satisfaction, including supervisor satisfaction, pay satisfaction, promotion satisfaction, coworker satisfaction, and satisfaction with the work itself, is known as the

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The Job Characteristics Index was developed a tool that measures five dimensions of job satisfaction: department manager satisfaction, pay satisfaction, promotion satisfaction, coworker satisfaction, as well as contentment with both the work itself.

The Job Descriptive Index (JDI) would be a 72-item survey tool was using to assess job satisfaction in five areas: compensation, benefits, coworkers, opportunities for advancement, as well as actual work.

Job satisfaction, staff morale, as well as quality of work life is a measure of a firefighter's contentment with there own work, whether they like using the job and otherwise specific features and perhaps features of occupations, including the nature of both the labor as well as management.

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lo3 mc 3: redman company manufactures customized sit-stand desks. the following pertains to job no. 978: direct materials used $15,450 direct labor hours worked 360 direct labor rate per hour $15.00 machine hours used 300 applied factory overhead rate per machine hour $22.00 what is the total manufacturing cost for job no. 978?

Answers

The total manufacturing cost for the job no. 978 is $84,600.

This cost is calculated by adding together the direct materials used ($15,450), the direct labor cost (360 hours multiplied by the rate of $15.00 per hour, which is $5,400) and the factory overhead cost (300 machine hours multiplied by the rate of $22.00 per machine hour, which is $6,600).

The total of these three components produces a total manufacturing cost of $84,600.

This cost represents the cost to complete this specific job. It is important to note that this cost is exclusive of the cost of any indirect materials, indirect labor, or other overhead costs associated with this job.

Additionally, these costs may vary depending on the specifics of the job. For example, if the direct labor rate was higher or the factory overhead rate was lower, the total manufacturing cost would be different.

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a new fitness company called jump athletics receives a trademark for its brand name. the trademark received by jump athletics is a

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Jump Athletics' trademark provides legal protection for its brand name against any unauthorized usage by other businesses or people.

It gives the business the exclusive right to use the brand name and forbids the use of the name by other businesses or people.

The trademark also gives the business a competitive edge in the market by signifying ownership of the brand name.

Brand protection is the process of defending a company's and its related brands' intellectual property (IP) including patents, design rights, color marks, and trade dress.

In bad faith, trademark squatters register trademarks.

This can take many different forms, such as transliteration problems, like the Jordan/Qaida instance, and overseas registration of marks that belong to brands that have not yet registered abroad.

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identify the item below that is not one of the four different types of data processing activities. a) reading b) using c) deleting d) creating

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The correct answer is the option b i.e, using. Using is not one of the four different types of data processing activities.

Reading, producing, updating, and deleting are the four types of data processing tasks.

"Using" is not one of the four main types of data processing operations, although it might include any of the other three. For example, "using" data may include reading the data in order to do some type of analysis, or changing the data as part of a business process. However, "using" is not a separate data processing activity in and of itself, and hence does not fall under one of the four categories of data processing activities.

Thus, the correct answer is B i.e, Using

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what effect did american entry into world war ii have on the economy?

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The US government's reaction to its entry into WWII was to institute massive deficit spending, and the conscription of all able-bodied young men for the war effort, thus creating a full-employment economy which was the immediate end to the Great Depression.

What is the Great Depression?

The Great Depression was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24.

It was the longest, deepest, and most widespread depression of the 20th century.

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the dalton company has recently made a decision to build a new plant in denver. in making this decision it used data supplied by the u.s. census bureau. for the dalton company, these data are examples of: group of answer choices experimental data. primary data. reliable data. secondary data.

Answers

The dalton corporation has decided to construct a new facility in Denver. It made this conclusion using information from the US Census Bureau. These data are instances of secondary data for the Dalton Corporation.

What constitutes this statistical study's fourth step?

The decision-making process is included in the fourth stage. By comparing the subjective criteria from of the second stage and the quantitative test statistic or probability value from third step, this step of hypothesis aids the researcher in rejecting or accepting the null hypothesis.

Time series data were they gathered at the same time or around the same time?

Data acquired at the same period or around the same time are referred to as cross-sectional data. a chronology data: information gathered over a number of time periods.

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when company managers are in the process of thinking strategically about what directional path should be taken by the company, they are not likely to ask which question?

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The company managers re not likely to ask the question that What business approaches and operating practices should we consider in trying to implement and execute our business model? Thus, option 1st is correct.

What is Business model?

A business model explains how a company develops, delivers, and collects value in various contexts, including social, cultural, and economic ones. Business strategy includes the development and change of business models, which is often referred to as business model innovation.

What business techniques and operating practises should we consider in trying to develop and execute our business model is not a question that company managers are likely to address when they are thinking strategically about what directional course the company should pursue. So, the first choice is the correct one.

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Your question was incomplete, probably the complete question was.....

What business approaches and operating practices should we consider in trying to implement and execute our business model?What strategic course offers attractive opportunity for growth and profitability?Are changing market and competitive conditions acting to enhance or weaken the company's prospects?Is the outlook for the company promising if it continues with its present product offerings?What, if any, new customer groups and/or geographic markets should the company get in position to serve?

sally is an experienced project manager and has been overseeing the training program across her matrixed organization. she is weighing the training costs and the benefits. which is the best result-based metric to use in this scenario? answers a. employee turnover rate b. supervisor reports c. employee feedback d. test scores after training

Answers

D) test scores after training this will be the best result-based metric for sally  to use in her organization.

Test scores after training can be a useful result-based metric to evaluate the effectiveness of the training program, as they provide direct and objective evidence of the learning that has taken place. By measuring the test scores of employees before and after the training, Sally can determine the extent to which the training has improved their knowledge and skills. This information can be used to evaluate the quality of the training program and to identify areas for improvement. High test scores after training can be a good indicator that the training program has been effective in helping employees acquire the knowledge and skills they need to perform their jobs more effectively.

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the physical and mental effort people use to produce goods and services is a description of which factor of production?

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The physical and mental effort people use to produce goods and services is a description of Labor. Hence option (C) is correct.

Labor as a component of creation alludes to the work that people apply when they produce a decent or administration. For instance, a craftsman delivering a canvas or a writer composing a book.

Labor itself incorporates a wide range of work performed for a financial prize, like mental and actual effort. Work assets incorporate the work done by the server who brings your food to a neighborhood eatery as well as the designer who planned the transport that transports you to school.

In this manner, work is a physical or mental exertion of people during the time spent on creating.

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This question is not complete , Here I am attaching the complete question:

The physical and mental effort people use to produce goods and services is a description of which factor of production?

(A) physical capital

(B) Human capital

(C) Labor

(D) Entrepreneurship

the organizational versus the individual rationality perspective suggests that objectives that are group of answer choices good for a functional area are always good for the overall organization. good for the overall organization are always best for a functional area. best for a functional area may not be best for the overall organization. best for one functional area will never be best for all functional areas.

Answers

The "organizational versus individual rationality" perspective suggest that  what is best for a functional area may not be best for the organization. The Option C is correct.

What should we know about organizational v. individual rationality perspective?

"Organizational versus individual rationality" refers to the conflict between the goals and interests of individuals within an organization and the goals and objectives of the organization as a whole. Organizational rationality refers to the organization's objectives and the actions it takes to achieve them, while individual rationality refers to the goals and actions of individual members of the organization that may not align with the goals of the organization.

In many cases, individuals may prioritize their own self-interest over the goals of the organization, leading to a tension between the two perspectives. To achieve success, organizations must balance both organizational and individual rationality by aligning individual goals with the goals of the organization and creating incentives that encourage individuals to act in the best interests of the organization.

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a $25,000, 15%, 80-day note dated november 5 is discounted at national bank on january 5. the discount period is:

Answers

A discounted note is a type of loan in which a borrower borrows money from a lender at a discounted interest rate, with the lender receiving the full face value of the loan at the maturity date.

In this scenario, the borrower has taken out a $25,000, 15% note with a term of 80 days, dated November 5. The note has been discounted at the National Bank on January 5.

The discount period is the length of time between the date of discount and the maturity date of the note. The discount period is an important factor in determining the amount of the discount that the borrower must pay to the lender. The discount is the difference between the face value of the loan and the amount that the borrower actually receives from the lender, which is less than the face value due to the discount rate.

To calculate the discount period, you must subtract the date of discount (January 5) from the maturity date of the note (80 days from November 5). The maturity date of the note can be calculated by adding 80 days to November 5. In this case, the maturity date would be January 25. So, the discount period is January 25 - January 5 = 20 days.

The amount of the discount can be calculated using the formula:

Discount = Face Value x Discount Rate x (Discount Period / 360)

In this scenario, the face value of the loan is $25,000, the discount rate is 15%, and the discount period is 20 days. Plugging these values into the formula, we get:

Discount = $25,000 x 15% x (20 / 360)

Discount = $25,000 x 15% x (1 / 18)

Discount = $25,000 x 0.083

Discount = $2,083

So, the borrower would receive $25,000 - $2,083 = $22,917 from the National Bank on January 5. The lender would receive the full face value of the loan, $25,000, on the maturity date, January 25.

In conclusion, the discount period is the length of time between the date of discount and the maturity date of a discounted note. The discount is the difference between the face value of the loan and the amount that the borrower actually receives from the lender, which is less than the face value due to the discount rate.

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