False, Theory Y leaders use external reinforcement strategies to motivate their followers.
What is Theory Y managers ?
Managers that follow Theory Y believe their staff members are internally driven, like their work, and want to improve themselves without receiving a specific benefit in return.
Because they are responsible for the organization's internal operations, these managers see their staff as one of the most precious assets.
When does internal vs. external reinforcement occur?
There are two types of reinforcement: positive and negative, internal and external. An internal reinforcement is when a youngster feels glad about being accepted, as opposed to an external reinforcement, which is when a child seeks approval from parents or peers.
Positive, negative, extinctional, and punitive reinforcement are the four different forms of reinforcement.
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during 2019, sigma company earned service revenue amounting to $700,000, or which $630,000 was collected in cash; the balance will be collected in january, 2020. also in 2019, there were collections of cash prior to the delivery of goods/services totaling $10,000. what amount should the 2019 income statement report for service revenue? group of answer choices $700,000.00 $630,000.00 $570,000.00 $70,000.00
$630,000.00. The income statement should report the service income as the amount received in cash in 2019, which is $630,000. The remaining $70,000 will be raised in 2020 and is not expected to be included in the 2019 income statement.
What is a income statement?
The income statement, also known as the income statement, is a financial document used to track a company's income and expenses over a period of time. It is used to measure a company's financial performance and provides investors and analysts with insight into operations. The income statement is one of the three main financial statements that a company uses to report its financial performance. The other two financial statements are the balance sheet and cash flow statement . The income statement summarizes a company's income, expenses, profits and losses over a period of time, usually quarterly or annually. The income statement helps users understand a company's financial performance over a period of time and provides insight into the company's ability to generate profits.
The $10,000 collected prior to delivery of goods/services should not be counted as service revenue.
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which entrepreneur and real estate promoter was responsible for the rail line shown in the map above?
The entrepreneur and actual estate promoter who is accountable for the rail line in the map given is HENRY FLAGLER.
Why is Henry Flagler important?Henry Flagler bought the Jacksonville, St. Augustine & Halifax River Railroad, the first railroad in what in the end became the Florida East Coast Railway. He also offered his first parcel of St. Augustine property, the web page of the future Hotel Ponce de Leon.
What was Henry Flagler's best achievement?Henry Morrison Flagler is excellent acknowledged for his improvement of Florida's east coast. He used to be responsible for constructing the Florida East Coast Railway from Daytona to Key West. Flagler made a great contribution to Florida's economic system thru tourism and agriculture.
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brainly.com/question/2449272#SPJ4when a customer purchases an item on credit, the purchase amount is recorded by the seller in which one of these accounts?
When a customer purchases an item on credit, the purchase amount is recorded by the seller in ''accounts payable''.
The accounts payable is the money in which the business owned from its supplier which shown as the liability on the company's balance sheet. The main duty of the accounts payable department has the responsibility for the financial, administrative and the clerical support of the company or the organization.
The basic of the accounts payable is the total amount is owed by the company to the suppliers and the vendors for the products and services which is purchased.
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to monitor reimbursement and coding patterns by providers, what do payers conduct? a. prepayment reviews, post-payment reviews, and audits b. unidentified patient visits c. daily review of each claim against the medical records d. random refund requests
Prepayment reviews, post payment reviews, and audits payers conduct. A postpaid connection is one that you pay for after using your phone's services, as opposed to a prepaid connection that you pay for upfront. Before a claim has been paid, a reviewer decides whether to pay it.
There is usually a "initial determination" after prepayment evaluation. After a claim has been compensated, a reviewer makes a determination about it. Pre payment audit refers to the examination of transportation records prior to payment in order to assess their legality, propriety pay, and rate compliance with tariffs, quotes, agreements, contracts, or tenders. They fall into two categories: full prepaid and partial prepayments. A total prepayment entails paying down an obligation's entire balance before it is officially due.
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if the death benefit of a life insurance policy is $500,000 but it earns 10% interest for one year before being paid out, the taxpayer will owe taxes on what amount?
The beneficiary will be responsible for paying taxes on the $50,000 increase, for instance, if the death benefit is $500,000 and it earns 10% interest for a year before being paid out.
What are Life Insurance Benefits Taxable?Interest income is usually always subject to taxation at some time.
The same applies to life insurance.
This implies that the beneficiary must pay taxes on the interest rather than the total benefit when receiving life insurance funds during a period of interest accumulation as opposed to immediately upon the policyholder's death.
For instance, if the death benefit is $500,000 and earns 10% interest for a year prior to being paid out, the beneficiary will be responsible for paying taxes on the $50,000 increase.
Making "payable to my estate" the beneficiary of a contract, such as an individual retirement account (IRA), an annuity, or a life insurance policy, is a mistake that investors tend to make regularly.
Therefore, the beneficiary will be responsible for paying taxes on the $50,000 increase, for instance, if the death benefit is $500,000 and it earns 10% interest for a year before to being paid out.
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erry lang is unclear as to the difference between the balance sheets of a merchandising company and a manufacturing company. explain the difference to jerry.
The differ-ence in balance sheets pertains to the presentation of inventories in the current asset sect-ion. In a merchandising company, only merchandise inventory is sho-wn. In a manufacturing company, 3 inventory accounts are shown: finish-ed goods, work in process, and raw materials.
What Is a Balance Sheet?The term balance sheet refers to a financial state-ment that reports a company's assets, liabilities, and share-holder equity at a specific point in time. Balance sheets pro-vide the basis for computing rates of return for invest-ors and evaluating a company's capital structure.
Balance sheets can be us-ed with other important financial state-ments to conduct funda-mental analysis or calculate financial ratios.
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If these are the only two consumers in the market, then the market quantity demanded at a price of $15 is Select one: a. I5 units. b. 10 units. C. 0 units. d.25 units
The demand line for "Consumer 1" crosses the y-axis at 10 if we look at the graph. Accordingly, if the price is set at $15, customer number one won't purchase any thing at all.
If these two consumers are the only ones in the market, what is the market amount required at a price of $6?
12 units. (correct. Each demand adds up to the market quantity that is desired. Two consumers will each demand a total of 12 units at a price of $6, or 2 + 10 = 12. The two main market forces we'll be examining are supply and demand. A consumer is an individual or group who wants to order or utilize acquired goods, services, or products primarily to meet personal, social, familial, domestic, and similar requirements that are unrelated to business or commerce.
The phrase is most frequently used to describe someone who makes purchases for their own use.
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store a sells five times as many products as store b and one third as many as store c. if store c sells 145,670 products, how many products does store b sell?
Let a, b, and c, respectively, be the total number of items sold by retailers A, B, and C.
The quantity of goods sold by store C is 105,960.
The answer to the question is that store A sells four times as many items as store B, so
a = 4b
Additionally, store A sells a third as much as store C, thus
a = (1 / 3)* c
If we enter c's value into this equation,
a = (1 / 3)* 105960
a = 105,960 / 3
a = 35320
35320 goods are available at shop A.
Setting the value of a to be 4b
a = 4b
35320 = 4b
b = 35320 / 4
b = 8830
The result is that store C sells 8830 different items.
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The mean value of land and buildings per acre from a sample of farms is $1500, with a standard deviation of $200. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 75.(a) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1300 and $1700. (Round to the nearest whole number as needed.) (b) If 23 additional farms were sampled, about how many of these additional farms would you expect to have land and building values between $1300 per acre and $1700 per acre Round to the nearest whole number as needed.)
The empirical rule states that for a normally distributed data set with mean μ and standard deviation σ.
How can it be explained?(a) Approximately 68% of the data falls within 1 standard deviation of the mean (i.e., μ ± σ), approximately 95% falls within 2 standard deviations of the mean (i.e., μ ± 2σ), and approximately 99.7% falls within 3 standard deviations of the mean (i.e., μ ± 3σ).
Given a mean of $1500 per acre and a standard deviation of $200, the range of values between $1300 and $1700 per acre is defined as follows: $1500 - $200 x $1500 + $200, which is equal to one standard deviation from the mean.
Inferring from the empirical rule that 51 farms, or nearly 68% of the 75 farms in the sample, had land and building values between $1300 and $1700 per acre
(b) If 23 more farms were tested, we may anticipate that 16 farms, or roughly the same percentage (i.e., 68%), would have land and building values between $1300 and $1700 per acre.
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a large construction company has purchased a piece of property in a small suburban community that values historic preservation. the piece of property contains buildings that have significant historic value to the town, however, the law does not provide any protection that requires preservation of the buildings. a socially responsible construction company would probably: blank .
A socially responsible construction company would probably consider the values and concerns of the local community when making decisions about the use of the property.
In this case, the community values historic preservation, and the construction company has an opportunity to demonstrate its commitment to social responsibility by taking steps to preserve the historic buildings on the property.
This could involve working with the community and local officials to find a solution that balances the company's business interests with the community's desire to preserve its history and cultural heritage.
This could involve finding alternative sites for the construction project, preserving the buildings through adaptive reuse, or incorporating elements of the buildings into the new development.
By taking a socially responsible approach, the construction company can demonstrate its commitment to the community and its values, build positive relationships with local residents and officials, and enhance its reputation as a responsible corporate citizen. Ultimately, this approach can help the construction company achieve its goals while also benefiting the community and its residents.
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salvador supervises ten sales associates at a large retail store. what is salvador's management level?
Based on the information provided, Salvador's management level would be considered first-line or front-line management.
This level of management is responsible for supervising non-managerial employees who are involved in the day-to-day operations of the organization, such as the sales associates in this case.
First-line managers are typically responsible for tasks such as training, scheduling, and evaluating the performance of the employees they supervise. They are also responsible for ensuring that organizational policies and procedures are followed and for communicating with upper management about any issues or concerns that arise.
Front-line managers are typically responsible for overseeing the daily operations of an organization, including the activities of front-line employees, who interact with customers directly and provide essential business services.
Overall, first-line managers play a critical role in ensuring that an organization runs smoothly and efficiently, and they are often the first point of contact for employees who need guidance or assistance.
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about how much money is sent in remittances worldwide every year? about how much money is sent in remittances worldwide every year? $200 billion $10 million $10 billion $1 million $500 million
Every year, remittances of money are made to countries all around the world. The right response is "A $200 billion."
What is the remittance amount?The portion of the Bought Amount that the Seller must deliver to the Buyer at the conclusion of each Remittance Term is referred to as the Remittance Amount. The sum first mentioned above is the initial remittance amount.
What Distinguishes a Bank Transfer from a Bank Remittance?When you transfer money between accounts, it's known as a bank transfer. When a payment is performed between two distinct accounts, a banks remittance is utilized. Online transfers are a great alternative to wire transfers, which are frequently used.
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to foster innovation in the business environment, it is important that strong legal protection of property rights is in place. inadequately enforced property rights can lead to an increase in the multiple choice question. rate of economic growth. levels of foreign direct investment. risk of expropriation of profits. incentives for entrepreneurial activities.
Inadequately enforced property rights can cause an increase in the D: incentives for entrepreneurial activities.
Having strong legal protection of property rights is essential for fostering innovation in the business environment. Adequate enforcement of property rights ensures that individuals and businesses can securely own and control their ideas, inventions, and other intellectual property. This creates incentives for entrepreneurial activities and innovation because individuals and businesses can protect and profit from their ideas.
Without proper protection of property rights, the risk of expropriation of profits increases, which can discourage innovation and entrepreneurship. A stable and secure environment for protecting property rights can attract foreign investment and contribute to economic growth. It is therefore important for governments to ensure that property rights are adequately enforced and protected.
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the schedule activity that determines when the logical successor activity can begin or end is called the : a. predecessor activity b. successor activity c. leader activity d. mandatory activity
The schedule activity that identifies when the logical successor activity can start or end is called the A: predecessor activity.
In project management, a predecessor activity is an activity that must be completed before the next activity can begin. The start or end of a successor activity is determined by the completion of its predecessor activity. Predecessor activities create a logical relationship between activities and help to establish the order in which they should occur. This helps to ensure that the project is completed on time and within budget by ensuring that the correct sequence of activities is followed and that dependencies are taken into consideration.
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specialization through division of labor and trade exploit differences in productivity across workers and group of answer choices benefit only the importer benefit only the exporter make everyone better off. make everyone worse off.
Specialization through the division of labor and trade can make everyone better off.
Specialization through the division of labor and trade can make everyone better off by exploiting differences in productivity across workers and groups. By specializing in what they do best, workers and countries can become more efficient and productive, leading to increased output and higher living standards for everyone. When countries trade with each other, they can also benefit from comparative advantage, which allows them to produce goods and services at a lower opportunity cost and import goods and services that they would have produced at a higher opportunity cost. This can result in a greater variety of goods and services, lower prices, and higher overall welfare for both the importing and exporting countries.
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2. does your textbook present only positive economics and avoid any normative economics? if not, give some examples of normative issues covered in your textbook.
Normative claims are predicated on "beliefs or ethics"—what someone thinks ought to be. Contrarily, affirmative claims can be put to the test, even if they aren't always true.
Define the term normative economics and its features?By questioning what should occur or what ought to be, normative economics seeks to ascertain whether or not people find particular economic programmes, events, and conditions desirable or not.
As a result, normative statements often give an analysis based on opinion regarding what is deemed desirable. An example of a normative statement would be that the government would aim for growth in the economy of x% and inflation of y%.Normative economics may well be helpful in developing and creating fresh ideas from many angles, but it cannot serve as the sole foundation for making judgements on significant economic issues since it lacks an objective viewpoint that emphasises facts and causes and consequences.Thus, Normative claims are predicated on "beliefs or ethics"—what someone thinks ought to be. Contrarily, positive economics can be put to the test, even if they aren't always true.
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mark is driving along and looking for an address on the east side of walker street. as he squints to see the numbers posted on the buildings, he plows into the back of a car waiting at a stoplight. both the driver and the passenger of the struck car are injured. the driver suffers $70,000 in bodily injury, the passenger suffers $65,000 in bodily injury, and the vehicle mark hit sustains $30,000 in damage. mark has liability coverage with split limits of 50/100/25, and both injured people carry the minimum pip for florida. how much will mark be responsible for out-of-pocket after this accident?
The correct answer is $20,000. Mark needs to pay $20,000 from his pocket after it is all paid by the insurance.
The driver suffers $70,000 in bodily injury The passenger suffers $65,000 in bodily injuryvehicle Mark hit sustain $30,000Mark liability coverage split limits 50/100/25Both injured people carry the minimum PIP for Florida
Mark's limits are:
$50,000 per person$100,000 for all injuries $25,000 for propertyThe other driver's PIP: (will pay the first of)
his injuries $10,000So Mark will pay:
For the driver = $70,000 - $10.000 - $50,000 = $10,000For the passenger = $65,000 - $10,000 - $50,000 = $5,000For the vehicle = $30,000 - $25,000 = $5,000Total = $10,000 + $5,000 + $5,000 = $20,000
Mark will responsible for $20,000 for this accident.
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If the economy is currently producing 10 units of good A and 90 units of good B, the opportunity cost of increasing the production of good A from 10 to 20 units is how many units of good B?
answer choices
a. .05
b. 1
c. 5
d. 10
e. 20
d. 10. Increasing manufacturing of good From a ten to twenty unit will cost 10 per unit of good B.
How can you determine whether opportunity cost is rising?Different opportunity costs are represented by different-shaped curves.The straight line curve indicates a constant opportunity cost, the bowed outward (concave) curve a growing potential cost, and the bowed in (convex) curve a decreasing opportunity cost.
What would rising opportunity costs imply?According to the law of growing opportunity costs, the cost of producing a second good will rise as you create more of the first.
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which of the following scenarios provides the best example of whistle-blowing? group of answer choices henry fails to meet his sales quota for the month and is reported to the regional manager for special review. lysa tells her husband about illegal environmental dumping she suspects her company is doing. james gives an interview on nbc's dateline about the opportunities available at his company. jessamine speaks to her boss about how uncomfortable she is with the sexual jokes one of her coworkers frequently tells at the o
The best example of whistleblowing is when Henry doesn't make his sales quota for the month and reports it to the regional manager for a special evaluation.
According to the conventional definition, a manager is only one who is responsible for supervising people's activities. Simply put, managers supervise others' efforts to accomplish goals. In the modern workforce, managers may be in control of particular systems or tasks that don't require human interaction. The manager's main responsibility is to organize the work of every employee in the company and provide the best outcomes possible to guarantee the company's expansion. In order to achieve the best results from the staff, managers have a variety of duties and responsibilities. Final Verdict. The ability to plan a business, make decisions, solve problems, communicate effectively, delegate, and manage time are all examples of management talents.
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on november 1, year 1, a company purchased a new machine that it does not have to pay for until november 1, year 3. the total payment on november 1, year 3, will include both principal and interest. assuming interest at a 10% rate, the cost of the machine would be the total payment multiplied by what time value of money concept?
The entry in the journal for November 1 would be:on november 1, year 1, a company purchased a new machine. The correct answer is C. Credit to Note Payable $106,000.
• A $6,000 debit to interest expense
• $100,000 in Debit to Cash
$106,000 Credit to Note Payable
In general, the journal entry that needs to be made to record accounts receivable for long-term construction projects can be defined as debiting accounts receivable and crediting billings on construction contracts.
A "billings in excess of costs" or liability account is used for this journal entry. First, we calculate the interest due. The interest due equals 6% times $100,000. Interest due is equal to 0.06 times $100,000. The amount of interest due is $6,000
We can create a journal from that, which is seen below:
Cash to Debit = $100,000 Note Payable Credit = $100,000 plus $6,000 $106,000 Credit to Note Payable
Complete question:
On november 1, year 1, a company purchased a new machine that it does not have to pay for until november 1, year 3. the total payment on november 1, year 3, will include both principal and interest. assuming interest at a 10% rate, the cost of the machine would be the total payment multiplied by what time value of money concept?
A. Debit to Interest Expense $6,000
B. Debit to Cash $100,000
C. Credit to Note Payable $106,000
D. Credit to Note Payable $100,000
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how does a competitive market determine the types of goods and services to produce, the costs to produce those goods and services, and who receives them?
With the support of the price system, the competitive market selects the sorts of goods and services to produce, the costs to produce those goods and services, and who receives them.
A price system is a system in economics that determines the valuations of any type of property (tangible or intangible). As a result of scarcity, all cultures employ price systems to allocate and exchange resources.
Even in a no-money barter economy, price systems are used to determine exchange ratios (relative valuations) between the properties being exchanged.
A price system can be regulated (such as a fixed price system) where prices are administered by an authority, or it can be free (such as a market system) where prices are allowed to float "freely" as decided by supply and demand without the involvement of an authority.
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Buying a house can be described as which of these? A.) Low-involvement decision B.) Reactive decision C.) Programmed decision D.) Nonprogrammed decision
In this following question, Buying a house can be described as a non-programmed decision.
What is non-programmed decision?Non-programmed decisions are intricate, unstructured choices that demand a lot of effort, deliberation, and data collecting. These choices frequently involve a significant level of risk, uniqueness, and uncertainty. The decision to purchase a home is an ideal illustration of a non-programmed choice since it entails a sizeable financial commitment, is intricate in nature, and necessitates a complete awareness of the housing market, individual financial condition, and long-term ambitions. Making a decision to purchase a home requires assessing a variety of aspects and basing it on one's own beliefs and interests.
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if the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year treasury bond rate plus 1.3% thereafter, the bond is called a
The bond is referred to as a floating-rate bond if the coupon interest rate is 4.375% for the first six months before changing to a rate equal to the 10-year Treasury bond rate plus 1.3% after that.
When are issuers more prone to cancel an unresolved bond issue?when interest rates are less than when the bonds were initially issued-
In essence, a bond is a bunch of IUOs issued by corporations. Consider yourself in need of cash and using your credit card, which carries a 15% interest rate, out of urgency. Consider that you spent $5,000; 15% of it is $700. You become aware that there are other lending possibilities once things have calmed down and you are no longer in a panic. So you visit your bank and learn that you are eligible for a 2-year loan with a 6% interest rate. Any sane person would obtain a loan and settle the credit balance.
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an economic institution that facilitates interaction between buyers and sellers is called . a market exists when . a market will
An economic institution that facilitates interaction between buyers and sellers is called a market.
A market exists when there is a group of buyers and a group of sellers who interact with each other to exchange goods, services, or financial instruments. A market will function effectively when there is sufficient information available to buyers and sellers, and when there are no significant barriers to entry or exit for either group. A market can be physical, such as a farmers market, or virtual, such as an online marketplace. The functioning of markets helps to determine the prices of goods and services and allocate resources efficiently.
"
Correct question is as follws:
An economic institution that facilitates interaction between buyers and sellers is called __________.
"
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the use of seat belts and other automobile safety features making bicycling more hazardous can be explained by the economic concept known as
The use of seat belts and other automobile safety features making bicycling more hazardous can be explained by the economic concept known as the "risk compensation theory". This theory states that when people feel safer, they take more risks and engage in riskier behavior, which can offset the benefits of the safety measures
According to the notion of risk compensation, people often change their behaviour in reaction to perceived levels of risk, becoming more cautious in situations where they perceive more danger and less cautious in situations where they perceive greater protection. It may provide a smaller net benefit than anticipated or even higher hazards, even though it is often negligible in compared to the core advantages of safety interventions. Risk compensation is connected to the more general concept of behavioural adaptation, which covers any behavioural modifications brought on by safety measures, whether or not they are compensatory. However, the phrases are occasionally used interchangeably since researchers are particularly concerned in compensating or negative adaptive behaviour. The more current version came from studies on road safety following claims that several treatments failed to produce the anticipated degree of benefits.
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when an accountant compiles projected financial statements, the accountant's report should include a separate paragraph that:
When an accountant compile projected financial statements, accountant's report should include separate paragraph that disclaims any form of assurance on historical financial statements.
What are financial statements?Financial statements provide a complete account of a company's operations and financial performance. Government entities, accounting companies, etc. commonly audit financial accounts to check for correctness and for reasons related to taxes, financing, or investments. The balance sheet, income statement, cash flow statement, and equity statement are the four basic financial statements for for-profit organisations. Financial data is used by investors and financial analysts to assess an organization's performance and forecast future changes in its stock price. The company's annual report, which includes its financial statements, is one of the most crucial sources of trustworthy and audited financial data. To assess the organization's financial health and potential for profit, creditors, market analysts, and investors review the financial statements.
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Which part of the business plan identifies plans for pricing policies?
Pilihan jawaban
a. Self-analysis
b. Trading area analysis
c. Proposed marketing plan
d. Product description
The section of the company plan known as the proposed marketing plan details proposals for pricing policies.
What are the five components of a business plan?Business strategies fundamentally consist on these 5 bits of data. They consist of an overview of your company, a study of your industry's competition, a marketing strategy, a section on human resources (people requirements), and important financial data.
Where in the business plan does the price structure appear?The marketing portion of your business plan is where your pricing approach should be best articulated. You should explain the price you will charge customers for your good or service in this area, along with your justification.
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the historical returns on a portfolio had an average return of 25 percent and a standard deviation of 31 percent. assume that returns on this portfolio follow a bell-shaped distribution. a. approximately what percentage of returns were greater than 87 percent?
To determine approximately what percentage of returns were greater than 87 percent, we would need to use the standard normal distribution table and convert the returns to standard deviation units.
The standard normal distribution table gives us the probability of a return falling below a certain value in standard deviation units.
The formula to convert returns to standard deviation units is:
Z = (X - Mean) / Standard deviation
Where X is the return, Mean is the average return, and Standard deviation is the standard deviation of the returns.
So, for returns greater than 87 percent:
Z = (87 - 25) / 31 = 1.77
Using a standard normal distribution table, we can find that the probability of a return falling below 1.77 standard deviation units is approximately 0.0406.
Therefore, approximately 4.06% of returns were greater than 87 percent.
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which rule-of-thumb version is being offered to an investor who is told that a house renting for $900 a month should sell for about $90,000?
The price-to-rent ratio is the general interpretation given to an investor who is informed that a home renting for $900 per month ought to sell for roughly $90,000.
The price-to-rent ratio is a well-liked heuristic for determining a property's worth. It is computed by multiplying by 12 and dividing a property's sale price by its monthly rental cost. When compared to other rental properties, a property with a high price-to-rent ratio is overpriced, while one with a low price-to-rent ratio may be undervalued. Real estate investors may find this ratio to be a helpful tool for swiftly evaluating the prospective profitability of a rental property. To be clear, the price-to-rent ratio is just one aspect to take into account when assessing a property. Location, property condition, and regional real estate market trends are further crucial considerations. Additionally, the price-to-rent ratio can vary significantly between different
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which proposition says that modification of organization standards may tend to increase intra-organization conflict and withdrawal behavior
Proposition 12 says that modification of organization standards may tend to increase intra-organization conflict and withdrawal behavior
an infrastructure modification that follows a predetermined path, is reasonably common, and is the agreed-upon answer to a certain requirement or group of requirements.Prior to permission, the Standard Change needs to receive pre-approval from Change Management. They no longer need change management approval on a case-by-case basis once they have been approved.
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