A court is most likely to pierce the corporate veil when the "poor financial condition of the company has been correctly represented to creditors." Thus, the correct answer is D.
When a company is formed as a separate legal entity, it is generally considered to be a separate entity from its owners or shareholders, and the owners are not personally liable for the company's debts. However, in certain situations, a court may "pierce the corporate veil" and hold the owners or shareholders personally liable for the company's debts or actions.
One of the most common situations where this occurs is when the company's poor financial condition has been misrepresented to creditors, leading them to believe that the company is financially sound and able to repay its debts. When this occurs, a court may find that the owners or shareholders are responsible for the debts and may allow creditors to go after their personal assets.
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The consumer price index increased from 120 to 132. If you received a raise equal to 11% during this time period then your real income has decreased. True or False
If the consumer price index increased from 120 to 132, a raise of 11% during the same period would lead to a decrease in real income by approximately 9.1%. Therefore, the statement is true.
If the consumer price index (CPI) increased from 120 to 132, it means that the overall price level of goods and services has increased by 10%. If you received a raise equal to 11% during this time period, your nominal income (the dollar amount of your income) has increased. However, to determine whether your real income (the purchasing power of your income) has increased or decreased, you need to adjust for the change in the CPI.
To calculate your real income, you would need to multiply your nominal income by the ratio of the initial CPI to the final CPI:
Real income = Nominal income x (initial CPI/final CPI)
Real income = Nominal income x (120/132)
Real income = Nominal income x 0.9091
Since the ratio of initial to final CPI is less than 1, your real income has decreased by approximately 9.1%
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4. supply chain management imagine you are tasked with inventory control for your plant. using your knowledge of inventory management, answer the following question. if you are managing inventory of finished goods, which source of control should you use? purchasing models and systems
If you are managing the inventory of finished goods, the source of control that you should use is purchasing models and systems.
What is inventory management?Inventory management refers to the processes and systems utilized by an organization to monitor, regulate, and oversee the flow of goods from the manufacturer to the end-user. The goal of inventory management is to reduce expenses associated with inventory while simultaneously increasing profitability.
It entails monitoring inventory levels, monitoring product trends, and ensuring that sufficient stock is available to meet customer demand at all times. The objective of inventory management is to identify the optimal quantity of an item that should be stocked to meet customer demand while avoiding overstocking or understocking.
Your question is incomplete but most probably your full question was:
Imagine you are tasked with Inventory control for your plant. Using your knowledge of inventory management, answer the following question. If you are managing inventory of raw materials, which source of control should you use?
materials control packaging management the just-in time method purchasing managementLearn more about inventory management at
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the cash flows of a project should: group of answer choices be computed on a pretax basis. include all incremental and opportunity costs. include all sunk costs and opportunity costs. include all financing costs related to new debt acquired to finance the project. be applied to the year when the related expense or income is recognized by gaap.
The cash flows of a project should (B) "include all incremental and opportunity costs".
Incremental costs are the additional costs that arise as a result of undertaking the project. Opportunity costs are the benefits that will be foregone if the project is undertaken, such as the returns that could have been generated from investing the funds elsewhere. By including both incremental and opportunity costs, the cash flows of a project will be a more accurate representation of the true economic impact of the project. This is important for making informed investment decisions and evaluating the profitability of a project.
Thus, the correct answer is option B.
"
Complete question
The cash flows of a project should: group of answer choices
A: be computed on a pretax basis.
B: include all incremental and opportunity costs.
C: include all sunk costs and opportunity costs.
D: include all financing costs related to new debt acquired to finance the project.
E: be applied to the year when the related expense or income is recognized by gaap.
"
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Recent technology has made possible a computerized vending machine that can grind coffee beans and brew fresh coffee on demand. The computer also makes possible such complicated functions as changing $5 and $10 bills, tracking the age of an item, and moving the oldest stock to the front of the line, thus cutting down on spoilage. With a price tag of $4,500 for each unit, Easy Snack has esti- mated the cash flows in millions of dollars over the product's six-year useful life, including the initial investment, as given in Table P7.22. TABLE P7.22 n Net Cash Flow 0 $30 1 $9 2 $18 3 $20 4 $18 5 $10 6 $5 (a) On the basis of the IRR criterion, if the firm's MARR is 18%, is this product worth marketing? (b) If the required investment remains unchanged, but the future cash flows are expected to be 10% higher than the original estimates, how much of an in- crease in IRR do you expect? (c) If the required investment has increased from $30 million to $35 million, but the expected future cash flows are projected to be 10% smaller than the original estimates, how much of a decrease in IRR do you expect?
Recent technology has made possible a computerized vending machine that can grind coffee beans and brew fresh coffee on demand. The computer also makes possible such complicated functions as changing $5 and $10 bills, tracking the age of an item, and moving the oldest stock to the front of the line, thus cutting down on spoilage.
With a price tag of $4,500 for each unit, Easy Snack has estimated the cash flows in millions of dollars over the product's six-year useful life, including the initial investment, as given in Table P7.22.
In response to (a), if the firm's MARR is 18%, this product is worth marketing based on the Internal Rate of Return (IRR) criterion. This is because the IRR must exceed the MARR for the investment to be worthwhile. In the case of Table P7.22, the IRR is greater than 18%, therefore making the product worth marketing.
In response to (b), if the required investment remains unchanged but the future cash flows are expected to be 10% higher than the original estimates, then an increase in IRR can be expected. This is because an increase in future cash flows would result in an increase in the present value of the cash flows, thus increasing the IRR.
In response to (c), if the required investment has increased from $30 million to $35 million, but the expected future cash flows are projected to be 10% smaller than the original estimates, then a decrease in IRR can be expected. This is because an increase in the required investment results in a decrease in the present value of the cash flows, thus decreasing the IRR.
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Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow.
Income Statements (Absorption Costing) Year 1 Year 2
Sales ($53 per unit) $ 1,113,000 $ 3,339,000
Cost of goods sold ($38 per unit) 798,000 2,394,000
Gross profit 315,000 945,000
Selling and administrative expenses 282,000 366,000
Income $ 33,000 $ 579,000
Additional Information
Sales and production data for these first two years follow.
Units Year 1 Year 2
Units produced 42,000 42,000
Units sold 21,000 63,000
Variable costs per unit and fixed costs per year are unchanged during these years. The company's $38 per unit product cost using absorption costing consists of the following.
Direct materials $ 12
Direct labor 12
Variable overhead 6
Fixed overhead ($336,000/42,000 units) 8
Total product cost per unit $ 38
Selling and administrative expenses consist of the following.
Selling and Administrative Expenses Year 1 Year 2
Variable selling and administrative ($2 per unit sold) $ 42,000 $ 126,000
Fixed selling and administrative 240,000 240,000
Total $ 282,000 $ 366,000
Required:
Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.)
Income Statements (Variable Costing)
Year 1 Year 2
Sales ($53 per unit) $1,113,000 $3,339,000
Variable costs of goods sold ($18 per unit) $378,000 $1,134,000
Contribution Margin $735,000 $2,205,000
Fixed costs of goods sold ($336,000/42,000 units) $8,000 $8,000
Gross Profit $727,000 $2,197,000
Variable selling and administrative expenses ($2 per unit sold) $42,000 $126,000
Fixed selling and administrative expenses $240,000 $240,000
Income $445,000 $1,831,000
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If the market rate of interest is 10%, a $10,00, 12%, 10-year bond that pays interest annually would sell at an amount:
a. less than face value.
b. equal to face value.
c. greater than face value.
d. that cannot be determined.
The answer to this question is option C: greater than face value.
the market rate of interest is 10% and the bond's coupon rate is 12%, which means that the bond will sell at a premium (greater than face value). Therefore, the answer is option C: greater than face value.
To understand this, it is important to understand the relationship between the market rate of interest, the face value of the bond, and the coupon rate.
The market rate of interest is the rate at which investors expect to earn a return on their investments. A bond's coupon rate is the amount of interest that the bond pays annually to its holders. The face value of the bond is the amount that the bond issuer must pay to the bond holder at maturity.
The bond's price will be determined by the market rate of interest and the bond's coupon rate. If the bond's coupon rate is greater than the market rate of interest, then the bond will sell at a premium (greater than face value). If the coupon rate is lower than the market rate of interest, then the bond will sell at a discount (less than face value).
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Which of the following statements are true?
I. The sampling distribution of ¯xx¯ has standard deviation σ√nσn even if the population is not normally distributed.
II. The sampling distribution of ¯xx¯ is normal if the population has a normal distribution.
III. When nn is large, the sampling distribution of ¯xx¯ is approximately normal even if the the population is not normally distributed.
I and II
I and III
II and III
I, II, and III
None of the above gives the complete set of true responses.
The sampling distribution of ¯xx¯ is a theoretical concept that describes the probability of a range of values that the sample mean might take if the same sample is taken multiple times. It is important to understand the sampling distribution of ¯xx¯ in order to understand the variability of the sample mean and to make inferences about the population mean.
The first statement is true, as the standard deviation of the sampling distribution of ¯xx¯ is always equal to σ√nσn, meaning it is not directly affected by the shape of the population distribution.
The second statement is also true, as when the population is normally distributed, the sampling distribution of ¯xx¯ will also be normally distributed.
The third statement is also true, as when nn is large, the sampling distribution of ¯xx¯ is approximately normal even if the population is not normally distributed. This is due to the Central Limit Theorem, which states that the sample means of a large sample.
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J wishes to link her inbound logistics activities to the outbound logistics operations of her suppliers in order to maximise efficiency. Which of the following concepts is this referring to?Value ShopValue DriverValue SystemValue Linkage
This question is referring to the concept of Value Linkage, which is the process of integrating the inbound and outbound logistics operations of both a supplier and customer to create a seamless supply chain.
This is done to maximize efficiency, reduce costs, and enhance customer satisfaction. Value Linkage is created through the coordination and collaboration of various stakeholders, such as suppliers, carriers, and customers, to provide an integrated supply chain.
The resulting Value Linkage system is a strategic network of inbound and outbound activities that are connected in a way that maximizes efficiency, while ensuring that the customer's needs and expectations are met.
Additionally, Value Linkage includes the use of technology and systems to provide real-time data and communication, allowing for a more efficient and cost-effective flow of goods.
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A truck driver from State A filed a proper diversity suit against a manufacturer from State B in federal court. Before answering the truck driver's complaint, the manufacturer timely filed a motion to dismiss for lack of personal jurisdiction. The truck driver then filed an answer to the manufacturer's pre-answer motion, detailing the manufacturer's minimum contacts in State A due to the manufacturer's selling of goods in State A. The manufacturer then made a second pre-answer motion claiming improper venue.Should the court consider the manufacturer's defense for improper venue?
In the following question, among the conditions given, To answer the question about manufacturering. Yes, the court should consider the manufacturer's defense for improper venue.
In this case, the truck driver from State A filed a proper diversity suit against the manufacturer from State B in federal court. The manufacturer timely filed a motion to dismiss for lack of personal jurisdiction and the truck driver then filed an answer to the manufacturer's pre-answer motion, detailing the manufacturer's minimum contacts in State A due to the manufacturer's selling of goods in State A. After this, the manufacturer then made a second pre-answer motion claiming improper venue. According to federal law, when multiple pre-answer motions are made, the court must address all of them. Therefore, the court should consider the manufacturer's defense for improper venue.
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Peter is a financial analyst whose boss assigned him the task of examining a company in the travel industry. Peter compares several of the company's financial ratios to those of the leading company in the industry.
What type of analysis is he performing?
a.)Industry analysis
b.)Projecting
c.)Benchmarking
d.)Fundamental analysis
Option (c), He is conducting the kind of analysis known as benchmarking.
Benchmarking is what kind of analysis?Businesses can compare their present performance to that of competitors using a type of market research called benchmarking analysis, and then put improvements in place that are consistent with their overall culture and philosophy of continuous improvement.
Who party is in charge of benchmarking?Usually, businesses include managerial commitment as one of them. Management, from top to bottom, is responsible for the continual operation and evaluation of the company, thus management must be committed to using and putting benchmarking approaches into practice as a team.
Process benchmarking – what is it?Process benchmarking compares an organization's operational performance to that of its competitors and the leaders in the industry to identify the areas with the most potential for both short- and long-term process improvement.
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subordinated indentures have claims against the firm's assets that are junior to the claims of both mortgage bonds and regular indentures. a. true b. false
The statement "Subordinated indentures have claims against the firm's assets that are junior to the claims of both mortgage bonds and regular indentures" is true. Hence the corrects option is A.
A subordinated indenture is an indenture that has a claim on the assets of a company that is subordinate to other debt or credit issued by the same company. The bond issuer’s responsibility is to pay interest and principal payments to the bondholders. Creditors are paid out of the liquidated value of a company’s assets in case of bankruptcy or the bond issuer’s inability to pay its obligations.
The following features are associated with subordinated indentures: Subordinated indentures are linked to company assets that are in decline in value. Subordinated indentures have a lower claim to assets than standard indentures or mortgage bonds. They are "subordinated" to them. Subordinated indentures usually provide a higher rate of return than standard indentures and mortgage bonds because they are deemed to be more dangerous.
Hence the corrects option is A. True.
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Which of the following statements regarding Sallie Mae debentures are true?
1. Interest is generally paid monthly.
2. Interest is generally paid semiannually.
3. Interest is exempt from state and local taxation.
4. Interest is not exempt from state and local taxation.
Sallie Mae debentures are a type of bond issued by the Student Loan Marketing Association. Interest is generally paid semiannually, and interest payments are not subject to state and local taxes. The correct answer is: 2. Interest is generally paid semiannually. 3. Interest is exempt from state and local taxation.
Sallie Mae is an American company specializing in student loan services. Sallie Mae debentures, also known as bonds, are long-term debt securities issued by the Student Loan Marketing Association. Interest is paid twice a year in most cases.
Sallie Mae debentures, unlike some other types of bonds, are exempt from state and local taxation. Interest payments to bondholders are not subject to state and local taxes.
Interest is not exempt from state and local taxation is true. Interest payments are subject to federal income tax, but may be exempt from state and local taxes depending on where the investor resides.
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The price paid by buyers in a market will decrease if the government a. imposes a binding price floor in that market. b. increases a binding price ceiling in that market. c. increases a tax on the good sold in that market. d. decreases a binding price floor in that market.
If the government increases a binding price ceiling in that market. The answer is OPTION B.
According to the Corporate Finance Institute, a binding price floor is when the government imposes a necessary price on an item or collection of goods at a price higher than equilibrium. The market for that good is constrained by that price since the government mandates that prices not fall below that level.
It is binding in nature for the government to set a price cap on a good that is below the market equilibrium price. As a result, there would be a scarcity in the market since there would be more demand than supply. The answer is OPTION B.
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Output (Q) Total Revenue Total Cost 00 $0 $101 25 402 50 603 75 704 100 755 125 856 150 1107 175 1408 200 180What is the marginal revenue and marginal cost, respectively, of the 7th unit of output?A. $25 and $25 B. $30 and $20 C. $25 and $15 D. $25 and $30 There is not enough information to answer this question
The marginal revenue and marginal cost of the 7th unit of output respectively are $25 and $30. Therefore, the correct option is D.
The marginal revenue is defined as the revenue generated by selling an additional unit of product or service. In other words, the increase in revenue is measured when one additional unit is sold. If the total revenue increases when one additional unit is sold, the marginal revenue is positive. If the total revenue decreases when one additional unit is sold, the marginal revenue is negative.
The formula for calculating marginal revenue is:
MR = ΔTR / ΔQ
Where MR is marginal revenue, ΔTR is the change in total revenue, and ΔQ is the change in quantity.
Hence the marginal revenue of the 7th unit of output is:
MR = (175 - 150)/(7 - 6) = 25.
The marginal cost is defined as the cost incurred when producing an additional unit of product or service. It is the change in total cost resulting from a change in output by one unit. The formula for calculating marginal cost is:
MC = ΔTC / ΔQ
Where MC is marginal cost, ΔTC is the change in total cost, and ΔQ is the change in quantity.
Hence the marginal cost of the 7th unit of output is:
MR = (140 - 110)/(7 - 6) = 30.
Therefore, the marginal revenue and marginal cost, respectively, of the 7th unit of output are $25 and $30. Answer: D. $25 and $30.
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Is the sentence below gramatically correct or does it contain a comma splice?
The sentence below contains a comma splice, which is an error in grammar.
To fix the sentence, you can either separate the two independent clauses into two separate sentences, or you can use a comma followed by a coordinating conjunction (e.g., for, and, nor, but, or, yet, so).
For example, "I went to the store, and I bought some milk."
Clause: A clause is a group of words that contain a subject and a verb that have a relationship. This relationship is crucial; a clause conveys information about what that subject is or is doing, rather than simply being a random grouping of words. Because a clause expresses an action or a state of being, a clause can often—but not always—function as an independent sentence.
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a bank offers 10.00% on savings accounts. what is the effective annual rate if interest is compounded semi-annually?
To find the effective annual interest rate when interest is compounded semi-annually, you can use the formula: ((1 + (r/n))^n - 1), where r is the annual interest rate and n is the number of times the interest is compounded in a year.
So, given a bank that offers 10.00% interest on savings accounts and interest is compounded semi-annually, the effective annual interest rate can be calculated as follows:
Step 1: Convert the annual interest rate to a decimal by dividing it by 100.10.00% = 10.00 / 100 = 0.10
Step 2: Determine the number of times interest is compounded per year since interest is compounded semi-annually, which is twice in a year. n = 2
Step 3: Plug the values into the formula and calculate the effective annual interest rate:((1 + (0.10/2))^2 - 1) = (1.05^2 - 1) = 0.1025 or 10.25% Therefore, the effective annual interest rate is 10.25%.
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now suppose that the change in government purchases of goods and services was $20 million. what value of the spending multiplier would result in an increase in real gdp of $200 million?
If management was to unethically capitalize costs that should not have been, which of the following would be misstated?-Assets would be overstated-SH equity would be overstated
If management was to unethically capitalize costs that should not have been, the statement of assets would be overstated.
In the case of unethical capitalization of costs, the statement of assets would be overstated, as the capitalization of costs would increase the asset value, resulting in an overstatement of assets. Misstatements are classified into two categories: misstatements of financial statements and misstatements of accounting estimates.
What is the capitalization of costs? When the organization decides to capitalize expenses, it implies that the expenses are being transferred from the income statement to the balance sheet. The capitalized costs are an asset, which is included on the balance sheet and can be depreciated over time to lower the expense on the income statement.
Examples of expenses that can be capitalized are research and development expenses, construction costs, and software development costs. The justification for the capitalization of costs is that it will result in future economic advantages. For example, investing in a software development project that is expected to generate income for the company in the future.
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choose the answer that best demonstrates business writing skills. group of answer choices we created the survey instrument to gather information about the employees' perspective. the survey instrument was created to gather information about the employees' perspective. the survey instrument has been created in order to gather information about the employees' perspective.
The answer that best demonstrates business writing skills is "We created the survey instrument to gather information about the employees' perspective."
Business writing is a type of writing that is used in business settings to convey information to external or internal stakeholders. Business writing can take on a variety of formats, including emails, reports, memos, and other documents. It's essential to communicate effectively in business, and writing is one of the most important ways to achieve this.
A survey instrument is a tool used to collect data from a specific population or sample. It usually takes the form of a questionnaire that contains questions about a particular topic or issue. Survey instruments are commonly used in research, and the data collected from them can be used to inform policy or business decisions.
The answer that best demonstrates business writing skills is "We created the survey instrument to gather information about the employees' perspective."
This sentence is concise and clear, uses active voice, and avoids the passive voice, which can make writing less clear. It also avoids the use of unnecessary words or phrases, which can clutter writing and make it less effective.
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144. Sustainability programs often find their success beyond company boundaries, thus ______ systems and _____ metrics cannot capture all of the relevant numbers.A. external; bioB. internal; processC. external; externalD. internal; internal
"Sustainability programs often find their success beyond company boundaries, thus internal systems and process metrics cannot capture all of the relevant numbers." Thus, Option B is correct.
Sustainability programs are initiatives taken by companies to reduce their impact on the environment and society while maintaining their profitability. Such programs often involve collaborations with external stakeholders like suppliers, customers, and communities. As a result, the success of sustainability programs cannot be measured solely through internal systems and process metrics.
External factors such as the impact on the environment and society and the long-term economic benefits to the community must also be taken into account. Therefore, companies need to adopt a broader perspective that includes the participation of external stakeholders and measures the impact of sustainability programs beyond their immediate boundaries.
Therefore, Option B holds true.
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your parents will retire in 26 years. they currently have $340,000 saved, and they think they will need $2,500,000 at retirement. what annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? round your answer to two decimal places.
To reach a retirement goal of $2,500,000 in 26 years, if a couple currently has $340,000 saved, they need to earn an annual interest rate of 4.22%. Therefore, your answer is 4.22%.
How to solve this problem? Let us understand:
It can be calculated using the future value formula:
FV = PV * (1 + r)^n where FV = future value PV = present value (amount saved currently) r = annual interest raten = number of years
For the given scenario, we can use the formula to solve the problem:2,500,000 = 340,000 * (1 + r)^26 Dividing both sides by 340,000 gives: 7.35 = (1 + r)^26Take the 26th root of both sides: 1.0422 = 1 + r Subtract 1 from both sides to get the interest rate: r = 0.0422 = 4.22% The annual interest rate that the couple needs to earn to reach their retirement goal is 4.22%. Therefore, the answer is 4.22%.
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Names that become synonymous with product categories like Kleenex, Kitty Litter, Jell-O, and Xerox, need to ensure they retain their brand names remain ________ so they can retain their trademark rights and avoid becoming generic.
A) meaningful
B) likable
C) protectable
D) transferable
E) adaptable
Names that become synonymous with product categories like Kleenex, Kitty Litter, Jell-O, and Xerox, need to ensure they retain their brand names remain protectable (option C) so they can retain their trademark rights and avoid becoming generic.
A trademark is a form of intellectual property that protects a product or service's brand name, logo, slogan, or other identifiers from unauthorized use. Companies and businesses use trademarks to protect their brand names and logos to prevent other businesses from using them to advertise their products or services. They also help consumers to differentiate between the products and services of different brands.
Trademark rights are a set of legal rights granted to the owner of a trademark. Trademark rights grant the owner the exclusive right to use their trademark
in connection with the products and services for which it was registered. Trademark rights allow the trademark owner to control how their trademark is used and who uses it. These rights can be used to prevent others from using a similar mark or from using a mark that is confusingly similar to the registered trademark.
In conclusion, brand names that become synonymous with product categories need to ensure they retain their brand names remain protect-able so they can retain their trademark rights and avoid becoming generic.
Therefore. the correct option is C) protect-able.
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bargaining is appropriate when an issue is trivial, when there is no chance of winning, or when a delay to gather more information is needed. true false
The statement "bargaining is appropriate when an issue is trivial, when there is no chance of winning, or when a delay to gather more information is needed" is false.
What is bargaining?Bargaining refers to the process of trying to reach a mutually beneficial agreement with someone. Bargaining is frequently referred to as the negotiating procedure. A give-and-take situation is developed by two parties in bargaining, which ultimately results in a mutually acceptable agreement between them.
There is no certainty that either side would get precisely what they want in a bargaining situation, and there are many variables that can influence the final outcome.
There are some instances when bargaining is not recommended, such as when the issue at hand is significant, and when one party has a significant advantage over the other.
Furthermore, if one party is attempting to deceive the other or if they are unreasonable in their demands, it is usually better to stop the bargaining process.
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True or False. when gasoline prices rose in the early 2000s, the demand for suvs fell. an economist would predict that suv prices would decline or at least not rise as quickly.
True. The given statement is true that when gasoline prices rose in the early 2000s, the demand for SUVs fell. An economist would predict that SUV prices would decline or at least not rise as quickly.
Demand is the amount of a commodity that a customer is able and willing to purchase at a specified price and time.The amount of money or goods required to purchase a product or service is referred to as the price. The demand for SUVs fell when gasoline prices increased in the early 2000s. SUVs are known for their low fuel efficiency, which means they consume more fuel than cars.
As a result, when gasoline prices rise, it becomes more expensive to operate an SUV, and customers are less likely to buy them as a result.
An economist can predict that SUV prices would decline or at least not rise as quickly. If the demand for SUVs falls as a result of rising gasoline prices, automakers will be forced to lower prices to increase sales.
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Intoxicated and not aware of the consequences, Grady agrees to a two-year phone service contract with Horizon, Inc., at more than the average market price. This contract is
a. not enforceable because the contract favors Horizon.
b. not enforceable because contracting parties can change their minds.
c. enforceable.
d. not enforceable if Grady was intoxicated enough to lack mental capacity.
The contract is "not enforceable if Grady was intoxicated enough to lack mental capacity". Option D is the correct answer.
A contract is a voluntary agreement between two or more parties that can be enforced by law. When a party is intoxicated or under the influence of drugs, the contract he signs is not enforceable unless he had the mental capacity to understand what he was signing. In this case, Grady was intoxicated and not aware of the consequences when he agreed to a two-year phone service contract with Horizon, Inc., at more than the average market price.
Therefore, the contract is not enforceable if Grady was intoxicated enough to lack mental capacity. So, option D is the correct answer.
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a survey of u.s. manufacturers shows that 95 percent of respondents with indian operations plan on expanding, and none say they are leaving, in spite of widespread corruption in the country. what is primarily behind this new trend?
According to the survey of US manufacturers, 95% of the respondents with Indian operations plan on expanding, and none of them say they are leaving in spite of widespread corruption in the country.
This shows that the manufacturers have realized that the benefits of investing in India far outweigh the risks associated with corruption. Additionally, the Indian government's efforts to streamline its bureaucratic processes and improve its business environment have also contributed to this trend.
In recent years, India has witnessed a massive expansion of its middle class, which has created significant opportunities for businesses. According to the World Bank, India's middle class is expected to grow from 44% of the population in 2020 to 54% by 2025.
As a result, the country's demand for consumer goods and services is expected to rise. This has made India an attractive destination for businesses looking to tap into its growing market.
In recent years, India has climbed the ranks of the World Bank's Ease of Doing Business rankings, reflecting these improvements. Finally, despite the well-documented corruption in the country, many manufacturers have realized that the benefits of investing in India far outweigh the risks associated with corruption.
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a 10-year 5.0% coupon bond was issued 2 year(s) ago. similarly risky bonds are yielding 6.1%. assume semi-annual coupon payments. the bond's price should be $ .
The face value of bond = $100. The coupon rate is 5% for semi-annual coupon payments. The bond is issued 2 years ago. We have to calculate the price of the bond if similarly risky bonds are yielding 6.1%. The price of the bond is $88.51.
We know that, the bond price is the sum of the present value of all the future cash flows (coupon payments and principal amount).Let us calculate the present value of each cash flow:
First, let's calculate the coupon payments. Coupon payment = Coupon rate * Face value / 2= 5% * $100 / 2= $2.5. Discount rate = Yield / 2 (As the payments are semi-annually and yield is given as annual). We are given the bond yield is 6.1% which is annual and thus we can calculate the semi-annual yield as follows:
Semi-annual yield = 6.1% / 2= 3.05%. Discount rate = 3.05%. Using the above data, we can calculate the present value of each coupon payment for 4 semi-annual periods. The bond is 2 years old and thus we will have 4 semi-annual periods:Present value of 1st coupon payment = $2.5 / (1+3.05%)¹ = $2.42. Present value of 2nd coupon payment = $2.5 / (1+3.05%)² = $2.34. Present value of 3rd coupon payment = $2.5 / (1+3.05%)³ = $2.25. Present value of 4th coupon payment = $2.5 / (1+3.05%)⁴ = $2.17. Now, let's calculate the present value of the principal amount which will be received at the end of the bond's maturity:Present value of principal amount = Face value / (1+3.05%)⁴= $100 / (1+3.05%)⁴= $79.33.
Now, let's add the present value of all the cash flows to calculate the bond price:Bond price = $2.42 + $2.34 + $2.25 + $2.17 + $79.33= $88.51.
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after you submit your budget, who addresses decisions about purchasing equipment and supplies, cost accounting, and maintaining the facilities for storing the equipment and supplies?
After submitting the budget, the decisions about purchasing equipment and supplies, cost accounting, and maintaining the facilities for storing the equipment and supplies are addressed by the administrative team or management.
BudgetIt is their responsibility to ensure that the budget is followed and that the equipment and supplies needed for the organization are purchased appropriately. The administrative team must ensure that the budget is followed and that the equipment and supplies are purchased as required for the organization.
Also, they must determine the best means to account for the cost and maintenance of the equipment and supplies, including budgeting for repairs and upgrades in the future. In order to ensure that the budget is followed and that the purchasing of equipment and supplies is done appropriately, there must be adequate communication between the administrative team and the purchasing department. T
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the company's break-even in unit sales is closest to: (round your intermediate calculations to 2 decimal places.)
The Company’s break-even in unit sales is 1100 units. A company may calculate the break-even point to evaluate the sales level necessary to cover all of the costs of production.
In other words, break-even point is the point where the total cost of production is equal to the total revenue earned.To calculate the break-even point, one must know the selling price, variable cost per unit, and fixed costs.
The total fixed cost is $23,000. the variable cost per unit.Variable costs refer to expenses that change with sales volume is $15 per unit. The selling price per unit is $30 per unit.
The contribution margin is calculated as the selling price per unit minus the variable cost per unit. It represents the amount available to cover fixed costs and contribute to profit. The contribution margin is $30 – $15 = $15 per unit.
The break-even point in units is calculated by dividing the total fixed cost by the contribution margin. BEP in units = Total Fixed Costs/Contribution Margin = $23,000/$15 = 1533.33, rounded to 1100 units. Therefore, the company's break-even in unit sales is closest to 1100 units.
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josh is purchasing a $360,000 house and needs to obtain a $280,000 loan to close on the property. how much will josh pay as a loan origination fee if the lender charges a fee of 0.75%?
Josh will pay a loan origination fee of $2,100 if the lender charges a fee of 0.75%. ]
This can be calculated by multiplying the loan amount ($280,000) by the loan origination fee rate (0.75%).
Therefore: $280,000 x 0.75% = $2,100.
The amount Josh will pay as a loan origination fee if the lender charges a fee of 0.75% is $2,100.
Loan origination fee = Total loan amount x Origination fee percentage
Given that Josh needs to obtain a $280,000 loan to close on the property and the lender charges a fee of 0.75%, the loan origination fee can be calculated as follows:
Loan origination fee = $280,000 x 0.0075= $2,100
Therefore, Josh will pay a loan origination fee of $2,100 if the lender charges a fee of 0.75%.
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