chapter 16 sam has worked for the company for 30 years and is very good, although slow at his job of putting together reports on the department's performance. recently, susan, his new manager, talked with him about adopting a new software program that would make his job easier and quicker to accomplish, and allow him to take on additional responsibilities. sam doesn't want to adopt this new software, because his old way of doing the reports has worked just fine. how would you describe the most likely cause of sam's resistance?
Answers
Sam's resistance to adopting the new software stems from his comfort with his current reporting method, fear of change, uncertainty about learning new technology, and concerns about the impact on his role and skills.
Sam's resistance to adopting the new software can be attributed to several factors. Firstly, after working for 30 years, he has become accustomed to his established way of doing reports.
The familiarity and comfort associated with his current process may lead him to believe that it is efficient and effective enough.
Additionally, Sam might be apprehensive about his ability to learn and adapt to new technologies, especially if he lacks experience or confidence in using software.
Fear of change and the potential disruption it may cause to his routine or perceived value in the organization could also contribute to his resistance. Ultimately, Sam's resistance stems from his reluctance to step out of his comfort zone and embrace new methods.
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Related Questions
Vertical Integration is when a company _____________.
Answers
Answer:
Vertical integration is when a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain
Type the correct answer in the box. Spell all words correctly.
Which plan offers a tax-free education?
A_________Plan is a plan that offers a tax-free education, even upon withdrawal. However, the use of the money is
limited and can only be used for education expenses.
Answers
Answer:
529
Explanation:
A 529 plan is a plan to encourage savings for future education expenses. The money saved in a 529 plan is not subject to taxation as long as it will be used for education purposes.
Parents, grandparents, or guardians can open 529 savings account for a child, who will be named as the beneficiary. The contributor of funds to the account may be eligible for a state tax deduction for contributing to a 529 plan. The gains on the accounts are exempt from tax if they are to be used on education expenses.
What do economists call the inverse relationship between price and quantity demanded?
Answers
The inverse relationship between price and quantity demanded is called The Law of Demand.
The law of demand tells us that higher prices lead to lower quantity demanded and lower prices lead to higher quantity demanded. It shows the inverse relationship.
Economists use the term demand to tell what is the amount of goods and services the consumer is willing to buy. The demand for any product basically depends on needs and wants. The amount paid by the buyer for particular goods and services is known as the price. An increase in the price of goods always has an impact on the demand for that good i.e. it reduces the quantity demanded. This is known as the inverse relationship between price and quantity demanded.
The law of demand also assumes that the other variables that affect demand will be held constant. Moreover, there is a difference between demand and quantity demanded. When economists are talking about quantity demanded they mean only a certain point on the demand curve.
Therefore, the inverse relationship between price and quantity demanded is called the Law of Demand.
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Suppose that instead of leasing the Accord, Nigel decides to buy the Honda Accord for $22,180. Would this contract need to be in writing to be enforceable?
Answers
L
Answer:
yes, pursuant to UCC, Section 2-201
Explanation:
Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.
In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.
An oral contract won't suffice In this case.
specter consulting purchased $8,900 of supplies and paid cash immediately. which of the following general journal entries will specter consulting make to record this transaction? account title debit credit cash 8,900 supplies 8,900 account title debit credit supplies 8,900 cash 8,900 account title debit credit accounts payable 8,900 supplies 8,900 account title debit credit supplies expense 8,900 accounts payable 8,900 account title debit credit supplies 8,900 accounts payable 8,900
Answers
The correct general journal entry to record the purchase of supplies for cash would be :
Account Title Debit Credit
Supplies $8,900
Cash $8,900
The entry reflects a simple transaction that involves the purchase of supplies by Specter Consulting for $8,900, which they paid in cash at the time of the purchase. The two accounts involved in the transaction are "Supplies" and "Cash."
When Specter Consulting pays $8,900 in cash to purchase supplies, the Supplies account, which is an asset account, increases by $8,900 to reflect the new supplies acquired by the company. On the other hand, the Cash account, which is also an asset account, decreases by $8,900, reflecting the cash that the company paid for the supplies.
The journal entry reflects these changes by debiting the Supplies account for $8,900, which indicates an increase in the account balance, and crediting the Cash account for $8,900, which indicates a decrease in the account balance.
Overall, this entry increases the total assets of the company by $8,900, since Supplies (an asset) has increased by $8,900 and Cash (also an asset) has decreased by $8,900.
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Gilroy Crackers enjoys a competitive advantage as a cost leader because high demand for its products has allowed it to operate at the minimum efficient scale. Which of the following scenarios would be most concerning to the managers of Gilroy Crackers?
A) Gilroy's leading competitor develops a new low-sodium product.
B) Gilroy's most reliable production worker takes a job in another industry.
C) A major winter storm shuts down Gilroy's production for several days.
D) A wheat shortage raises input costs across the industry.
Answers
Answer:
The answer is C. A major winter storm shuts down Gilroy's production for several days
Explanation:
Being a cost leadership means one has a competitive advantage by producing at the lowest cost in the industry. Cost leadership is characterised by company efficiency, size etc.
Gilroy Crackers would be most concerned about a major winter storm shuts down Gilroy's production for several days because Gilroy won't be able to utilize its capacity and the raw materials already bought might turn to a waste through to lack of usage.
Also, some of its needed machineries might have also been rendered useless by the storm.
The economic break-even point is the number of units that must be sold each year over the life of a project in order for the NPV of that project to equal to _____.
Answers
The economic break-even point is a critical concept in business, particularly when considering the profitability of long-term projects. This point is calculated by determining the number of units that must be sold each year over the life of a project in order for the Net Present Value (NPV) of that project to equal zero.
The economic break-even point is a critical concept in business, particularly when considering the profitability of long-term projects. This point is calculated by determining the number of units that must be sold each year over the life of a project in order for the Net Present Value (NPV) of that project to equal zero. The Net Present Value is a measure of the profitability of a project that takes into account both the initial investment and the expected cash flows over the project's life. If the NPV is positive, the project is profitable, while if the NPV is negative, the project will result in a loss. The economic break-even point is thus the point at which the NPV is zero, indicating that the project is neither profitable nor unprofitable. The economic break-even point is an essential metric that helps businesses determine the viability of a project. If a project requires a higher number of units to be sold than is realistically achievable, the project may not be economically feasible. In contrast, if the break-even point is relatively low, the project may be worth pursuing, as it may generate a substantial return on investment. In summary, the economic break-even point is the point at which the number of units sold generates enough revenue to cover the cost of the project. Determining this point requires a careful analysis of the project's costs and cash flows over its lifetime, but is a crucial step in evaluating the potential profitability of any long-term investment.
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In business process management (BPM), an as-is model ________.
A. represents the ideal state of a business process
B. represents the desired state of a business process
C. predicts the likely future state of a business process
D. documents the existing business process
E. contrasts the former and current states of a business process
Answers
In business process management (BPM), an as-is model documents the existing business process.
What is an as-is model?Both as-is and to-be maps show where your processes are now at. The as-is phase describes the state of your processes as they stand right now, including any holes or problems with the way things are done. The process management to-be phase can be started once you have that drawn out.The method, culture, and capabilities of the organization are described in the As-Is diagram.In business process management (BPM), an as-is model documents the existing business process.
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8 Steps in Organizational Development (OD) interventions
Answers
Answer:
The Eight Steps for Organizational Develpoment Intervaentions
Explanation:
Entry Signals
Purpose
Assessment
Action Plan
Intervention
Evaluation
Adoption
Seperation
... i think
Bavarian Bar and Grill opened for business in November 2021. During its first two months of operation, the restaurant sold gift cards in various amounts totaling $5,200, mostly as Christmas presents. They are redeemable for meals within two years of the purchase date, although experience within the industry indicates that 80% of gift cards are redeemed within one year. Gift cards totaling $1,300 were presented for redemption during 2021 for meals having a total price of $2,100. The sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift cards) are purchased. Sales taxes will be remitted in January. Required: 1. Prepare the appropriate journal entries (in summary form) for the gift cards and meals sold during 2021 (keeping in mind that, in actuality, each sale of a gift card or a meal would be recorded individually). 2. Determine the liability for gift cards to be reported on the December 31, 2021, balance sheet. 3. What is the appropriate classification (current or noncurrent) of the liabilities at December 31, 2021
Answers
1- Journal Entries: a. November 2021: Cash (or Accounts Receivable) $5,200 Gift Card Liability $5,200
b. December 2021: Cash (or Accounts Receivable) $2,100 Sales Revenue $2,000 Sales Tax Payable $80 Gift Card Liability $1,300
Gift Card Breakage Revenue $100 ($1,300 x 20%)
In November 2021, the restaurant received $5,200 in cash (or accounts receivable) from the sale of gift cards. This results in a liability for the restaurant as the gift cards are redeemable for meals within two years of the purchase date. In December 2021, customers presented gift cards with a total value of $1,300 to pay for meals that cost $2,100. Since the meals were sold in December, the restaurant collected 4% sales tax on the meals ($2,100 x 4% = $80). The $2,000 ($2,100 - $80) received from the customers is recorded as sales revenue, and the sales tax collected is recorded as a liability until remitted in January. The liability for the unredeemed gift cards at the end of the year is $1,300 ($5,200 - $2,100) and is recorded as a liability. The restaurant also recognizes $100 of breakage revenue ($1,300 x 20%) since experience within the industry indicates that 80% of gift cards are redeemed within one year.
2- Liability for Gift Cards:
The liability for gift cards to be reported on the December 31, 2021, balance sheet is $1,300.
3- Classification of Liabilities:
The liability for gift cards should be classified as current liabilities on the December 31, 2021, balance sheet since they are expected to be redeemed within one year.
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t/f: A limitation of traditional financial metrics is that they primarily tell a story of past events.
Answers
True. A limitation of traditional financial metrics is indeed that they primarily tell a story of past events, as they often focus on historical data and do not necessarily capture forward-looking information or non-financial factors that can affect a company's performance.
Traditional financial metrics such as revenue, net income, and earnings per share are historical measures of a company's financial performance. They provide insights into what has already happened in the past but may not necessarily reflect the current state or future prospects of the company. This limitation is because these metrics are backward-looking and do not account for changing market conditions, emerging technologies, or shifts in consumer preferences that can impact a company's financial performance. As such, relying solely on these traditional financial metrics may not provide a complete picture of a company's overall health and future potential.
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tariff is a _____ imposed on a good when it is _____.
Answers
tariff is a tax imposed on a good when it is imported into a country
..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here
Answers
Answer:
yuh :)
Explanation:
According to the video, what are a Computer Programmer's real skills? Check all that apply.
✅breaking down a job into small steps
❌researching what customers want
✅anticipating problems
❌selling software products
❌coordinating a group of workers
Answers
Answer:
1 3 thx for the answer!
Explanation:
Answer:
THANK YOU SO MUCH
Explanation:
Patrick Enterprises recently installed a parking lot. The paving costs were $38,750, and the lighting costs were $20,000. In addition, the company entered into a $1,000 annual agreement with Romero Cleaning to maintain the parking lot. For what amount should Patrick Enterprises debit the land improvements account when the parking lot is completed
Answers
Answer:$58,750
Explanation:
a. Explain the difference between public production and a
public good.
b. Is it possible for a good to be publicly
provided and privately produced?
Answers
a. Public production refers to the production of goods or services by the government or a public entity, such as a government-owned company.
b. This allows for a combination of private production and public provision to meet the needs of the society.
It involves the use of public resources, such as tax revenue, to produce goods or provide services that benefit the general public. Public production is often associated with sectors such as education, healthcare, infrastructure development, and defense.
On the other hand, a public good is a type of good that is non-excludable and non-rivalrous. This means that once a public good is provided, it is available to everyone and one person's use of the good does not diminish its availability to others. Examples of public goods include street lighting, national defense, clean air, and public parks.
b. Yes, it is possible for a good to be publicly provided and privately produced. In some cases, the government may choose to provide funding or subsidies to private entities or individuals to produce certain goods or services that are considered to be of public interest. This is often seen in areas such as healthcare and education, where the government may provide financial support to private hospitals or schools to ensure that these services are accessible to the public.
For example, in many countries, the government provides funding to private schools, allowing them to offer education to a wider population. Similarly, government-funded healthcare programs may reimburse private hospitals for providing medical services to the public.
In these cases, although the production of the goods or services is privately carried out, the government plays a role in ensuring that they are made available to the public through financial support or regulation. This allows for a combination of private production and public provision to meet the needs of the society.
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If u know what app this is I’ll give u a anime waifu body pillow whoever says the app first!!
Answers
Answer:
its zoom im on it rn actually XD can I have a kyoko kirigiri body pillow thanks!!
Explanation:
Octavia is in the market for purchasing a new automobile, but she will only consider buying models made by American companies. The American car makers are part of Octavia's evoked set. True or false?
Answers
True. The American car makers being part of Octavia's evoked set means that she considers them as potential options for her automobile purchase.
The summary of the answer is that it is true that the American car makers are part of Octavia's evoked set. The evoked set refers to the subset of brands or products that a consumer considers as viable options when making a purchasing decision. In this case, Octavia's evoked set consists of car models made by American companies. This indicates that she has a specific preference or requirement to only consider American car makers in her decision-making process. By including American car makers in her evoked set, Octavia is signaling a preference for certain attributes or qualities that she associates with American automobile brands. These attributes could be related to factors such as patriotism, perceived quality, brand loyalty, or a desire to support domestic industries. It's important to note that the evoked set can vary among individuals based on personal preferences, beliefs, and past experiences. Octavia's inclusion of American car makers in her evoked set reflects her specific criteria and highlights her interest in considering models made by these companies.
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employees compelled to report a significant wrongdoing by their employer are protected by:
Answers
Employees who report a significant wrongdoing by their employer are protected by various legal protections depending on the jurisdiction and nature of the wrongdoing. Some common forms of protection include:
1. Whistleblower Protection Laws: Many jurisdictions have laws that protect whistleblowers from retaliation by their employers for reporting wrongdoing. These laws may provide various forms of protection, such as job reinstatement, back pay, and compensation for damages suffered as a result of retaliation.
2. Dodd-Frank Wall Street Reform and Consumer Protection Act: The Dodd-Frank Act provides protections to whistleblowers who report certain types of violations of securities laws, including fraud, insider trading, and other forms of financial misconduct. Whistleblowers can receive monetary rewards for providing information that leads to successful enforcement actions by the Securities and Exchange Commission (SEC).
3. Sarbanes-Oxley Act: The Sarbanes-Oxley Act includes provisions protecting whistleblowers who report accounting irregularities or other violations of securities laws. Employees who suffer retaliation for reporting such violations can file a complaint with the Department of Labor and may be entitled to remedies such as reinstatement, back pay, and compensatory damages.
4. False Claims Act: The False Claims Act allows private individuals to file lawsuits on behalf of the government against companies that defraud government programs. Whistleblowers who provide information leading to a successful lawsuit can receive a portion of any damages awarded.
It's important to note that the different legal protections available to employees may have varying requirements and limitations, so employees should seek advice from a qualified attorney before making a report of wrongdoing in order to fully understand their rights and potential risks.
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Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) 7.8 % 15.3 Effective Rate (EAR) % Number of Times Compounded Quarterly Monthly Daily Infinite 12.4 11.4
Answers
For a stated Annual Percentage Rate (APR) of 7.8%, the EAR is 7.98% when compounded quarterly, 8.09% when compounded monthly, 8.14% when compounded daily, and approximately 8.14% when compounded an infinite number of times.
The Effective Annual Rate (EAR) represents the actual annual interest rate that takes into account the effect of compounding. In the first case, where the APR is 7.8% and compounding occurs quarterly, we can calculate the EAR using the formula EAR = (1 + (APR / n))^n - 1, where n is the number of compounding periods per year. Plugging in the values, we get EAR = (1 + (0.078 / 4))^4 - 1, which equals approximately 7.98%.
Similarly, for the case of monthly compounding, the EAR is calculated as EAR = (1 + (0.078 / 12))^12 - 1, resulting in an approximate value of 8.09%. When compounding occurs daily, the formula becomes EAR = (1 + (0.078 / 365))^365 - 1, giving an EAR of approximately 8.14%.
In the last case, where compounding is infinite, the formula changes to EAR = e^(APR) - 1, where e represents the mathematical constant approximately equal to 2.71828. Plugging in the APR of 11.4%, we find EAR = e^(0.114) - 1, which is approximately 12.4%.
Therefore, the EARs for the given cases are as follows: 7.98% for quarterly compounding, 8.09% for monthly compounding, 8.14% for daily compounding, and approximately 12.4% for infinite compounding.
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PLEASE HELPP!!
Financial Statement Analysis Portfolio
The Income Statement for Pumpkin Co. is shown below:
Pumpkin Co.IncomeStatement
for the Month Ended October 21, 2010
revenues- blank
sales
$120,000.00
operating expenses-blank
salary expense
$10,000.00
supplies expense
$14,000.00
depreciation expense
$4,000.00
net income
$92,000.00
Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.
1. Calculate the expected annual rate of return on this project.
2.Calculate the cash payback on this project.
Answers
Answer:
Explanation:
what do you need help with', though
The expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.
What is rate of return?A financial ratio used to calculate the returns over monetary engagement during a financial period is generally regarded as the rate of return over such investment.
Using the given information, the expected rate of return will be computed as,
\(\rm Rate\ of\ Return= \dfrac{Net\ Income}{Investment}\ x\ 100\\\\\rm Rate\ of\ Return= \dfrac{92000}{300000}\ x\ 100\\\\\rm Rate\ of\ Return= 30.67\%\)
Similarly, when such return is earned, the cash payback will be computed as,
\(\rm Cash\ Payback= \dfrac{Investment}{Cash\ Inflow}\\\\\rm Cash\ Payback= \dfrac{300000}{92000}\\\\\rm Cash\ Payback= 3.125\)
Hence, the expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.
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you invest $1,300 in security a with a beta of 1.7 and $1,100 in security b with a beta of 0.6. the beta of this portfolio is _________.
Answers
In security a, with a beta of 1.7, you invest $1,300, while in security b, with a beta of 0.6, you invest $1,100. This portfolio's beta value is 0.9234.
To calculate the beta of a portfolio, we need to weigh the betas of each security by their respective proportions in the portfolio. In this case, the portfolio consists of two securities: Security A, with a beta of 1.7 and a weight of 1,300 / 2,400 = 0.542, and Security B, with a beta of 0.6 and a weight of 1,100 / 2,400 = 0.458.
To find the beta of the portfolio, we use the following formula:
Beta of Portfolio = (Weight of Security A × Beta of Security A) + (Weight of Security B × Beta of Security B)
Substituting the values we have:
Beta of Portfolio = (0.542 × 1.7) + (0.458 × 0.6)
Beta of Portfolio = 0.9234
Therefore, the beta of the portfolio is approximately 0.9234. This means that the portfolio's systematic risk is lower than Security A's beta of 1.7 but higher than Security B's beta of 0.6. It is important to note that the beta of a portfolio can change over time as the weights of the individual securities change and as market conditions fluctuate.
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Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
Answers
Income
WHY:
The expenses and extras and needs should all add up to the income and the income should be over these expenses
MARK ME BRAINLIEST PLEASE
name and describe five sources of challenges when implementing enterprise systems.
Answers
The five sources of challenges when implementing enterprise systems are:
1. Complexity
2. Change management
3. Data integration
4. Cost and budgeting
5. Organizational alignment
Implementing enterprise systems can come with various challenges that organizations may encounter. Five sources of these challenges are:
1. Complexity: Enterprise systems are complex and often involve multiple modules and integration with existing systems. Managing the complexity of these systems, including customization, configuration, and data migration, can be a significant challenge during implementation.
2. Change Management: Implementing enterprise systems requires changes in processes, workflows, and employee roles. Resistance to change, lack of employee buy-in, and inadequate training can hinder successful implementation.
3. Data Integration: Integrating data from different sources and legacy systems into the new enterprise system can be complex. Data quality issues, data inconsistencies, and data mapping challenges may arise, impacting the accuracy and reliability of the system.
4. Cost and Budgeting: Implementing enterprise systems can be a significant investment. Organizations need to carefully plan and budget for costs associated with licensing, hardware, infrastructure, customization, training, and ongoing maintenance and support.
5. Organizational Alignment: Ensuring alignment between the enterprise system and the organization's goals, processes, and culture is crucial. Lack of alignment can lead to inefficiencies, resistance, and difficulty in realizing the desired benefits of the system.
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The most populous country in the world is
O Russia
Egypt
O China
India
Answers
What percentage of income do experts typically recommend people spend on
rent or mortgage payments?
A. 30 percent or less
B. 10 percent or less
C. 5 percent or less
D. 60 percent or less
SUBMI
Answers
Answer: A: 30 percent or less
Explanation:
Income experts suggest that people should spend 30 percent or less of their total income over their rent or mortgage payments. Hence, option A holds true.
What is a rent or a mortgage payment?Making payment for the purpose of possession of an asset, which is not owned by such individual making the payment, is known as a rent or a mortgage payment. It only implies the right to use such asset in a manner prescribed.
Rent or mortgage payments are recurring in nature, and are to be paid out of the monthly income made by an individual. In order to lead a financially sound life, they shall not cross 30 percent of the total income.
Hence, option A holds true regarding the rent or mortgage payment.
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Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation
Answers
Answer:
Developing an action plan which identifies ways to achieve the goals.
Explanation:
Reviewing & Revising the Plan
Involves:
regularly assessing the financial decisions
taking a complete review of finances at least once a year
making priority adjustments which will bring financial goals in line with current life situation
which entrepreneur is not correctly paired with his filed of work? responses john d. rockefeller - telecommunications john d. rockefeller - telecommunications cornealious vanderbilt - railroads cornealious vanderbilt - railroads j. p morgan- finance j. p morgan- finance andrew cargnegie - steel andrew cargnegie - steel
Answers
The entrepreneur who is not correctly paired with his field of work is Andrew Carnegie.
A number of the motives you've got chosen to turn out to be an entrepreneur could be: You want to be your own boss. You need to create your own tasks. You want the possibility to develop a commercial enterprise you are obsessed with.
Entrepreneurs are critical to marketplace economies because they are able to act because of the wheels of the financial boom of the united states of America. By way of developing new services and products, they stimulate new employment, which in the end outcomes in the acceleration of economic improvement.
A lifestyle entrepreneur is someone who creates a commercial enterprise with the cause of changing their private lifestyle. The selection isn't always solely about making extra money. In truth, many lifestyle entrepreneurs make much less cash for the first few years than they did operate in a “conventional” job.
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You are entitled to a cashflow of £69million in 33 months.
Your discount rate is 8%.
What is the present value of this cashflow?
Answers
The present value of the cash flow of £69 million in 33 months, with a discount rate of 8%, is £54,019,670.79.
The present value of the cash flow of £69 million in 33 months, with a discount rate of 8%, can be calculated using the following formula:P = C / (1 + r)nWhere:P = present value C = cash flowr = discount raten = number of periodsFirst, we need to convert 33 months into years:33/12 = 2.75 yearsNow we can plug in the given values:P = 69,000,000 / (1 + 0.08)2.75P = 54,019,670.79Therefore, the present value of the cash flow of £69 million in 33 months, with a discount rate of 8%, is £54,019,670.79.
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Units of product that are only partially complete are contained in the ____ inventory
Answers
Units of product that are only partially complete are contained in the work-in-progress (WIP) inventory.
WIP inventory is a type of inventory that consists of partially completed goods or products that are in the process of being turned into finished goods.
These partially complete items have gone through one or more stages of production and are awaiting the next stage before they can be sold. WIP inventory is tracked separately from other types of inventory as it has different accounting implications.
This type of inventory is important to monitor, as it can impact the company’s bottom line, cash flow, and ability to meet customer demand. Proper management of WIP inventory helps the company maintain the optimal level of inventory and ensure that inventory is not overstocked or understocked.
Additionally, WIP inventory can help companies reduce costs and increase profits.
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