Based on the SWOT analysis, Fidelity Bank Ghana Limited has several strengths, including a strong customer base, digital banking capabilities, The bank has opportunities to capitalize on the growing demand for digital banking, expand into new customer segments. However, it also faces challenges such as intense competition, regulatory environment changes. Developing a robust digital marketing plan that differentiates Fidelity Bank in the market will be crucial for sustainable growth and maintaining a positive reputation, image, and identity in the Ghanaian banking industry. SWOT Analysis for Fidelity Bank Ghana Limited:
Strengths:
1. Established Presence: Fidelity Bank has been operating profitably in Ghana for a considerable period, providing a foundation for its reputation and customer base.
2. Strong Customer Base: With 1,423,000 customers, Fidelity Bank has a significant market share and a loyal customer following.
3. Diverse Range of Products and Services: Fidelity Bank offers a comprehensive suite of banking products and services, catering to various customer segments and needs.
4. Digital Banking Capabilities: Fidelity Bank has invested in digital platforms such as internet banking, mobile apps, and USSD platforms, positioning itself to meet the growing demand for digital banking services.
Weaknesses:
1. Market Challenger Position: Fidelity Bank's market share of 6.4% indicates that it faces strong competition from other banks in Ghana. This suggests a need to strengthen its competitive position.
2. Limited Market Penetration: Despite its presence, Fidelity Bank's market penetration could be improved, particularly in comparison to some of its main competitors.
Opportunities:
1. Changing Consumer Behavior: The shift towards digital channels accelerated by COVID-19 presents an opportunity for Fidelity Bank to leverage its digital capabilities and offer enhanced digital experiences to its customers.
2. Revenue Growth: The adoption of digital platforms can drive significant revenue growth for Fidelity Bank by expanding its customer base, increasing transaction volumes, and promoting cross-selling opportunities.
3. Enhanced Customer Engagement: Through digital marketing strategies, Fidelity Bank can engage customers, promote its products and services, and create personalized experiences, thereby strengthening its reputation and customer loyalty.
Threats:
1. Intense Competition: Fidelity Bank faces competition from other prominent banks in Ghana, which may pose challenges in terms of acquiring new customers and retaining existing ones.
2. Technological Advancements: Rapid technological advancements in the banking industry require Fidelity Bank to continuously invest in upgrading its digital infrastructure and capabilities to remain competitive.
3. Regulatory Changes: Changes in banking regulations and policies could impact Fidelity Bank's operations and require adaptability to remain compliant.
Key Strategic Options for Fidelity Bank:
1. Enhance Digital Presence: Fidelity Bank should focus on further developing and promoting its digital banking platforms to cater to the changing consumer behavior and provide seamless, user-friendly experiences.
2. Personalization and Customization: Utilize data analytics and customer insights to deliver personalized and targeted marketing campaigns, offers, and recommendations to different customer segments.
3. Customer Education and Support: Provide comprehensive online resources, tutorials, and customer support channels to help customers understand and maximize the benefits of digital banking services.
4. Collaboration and Partnerships: Explore collaborations with fintech companies, technology providers, and strategic partners to enhance digital capabilities, introduce innovative solutions, and tap into new customer segments.
5. Reputation Management: Implement strategies to actively manage and monitor Fidelity Bank's online reputation, including social media presence, customer reviews, and feedback, to ensure a positive brand image.
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I really need to feed my dog guys please PLEASE!
anyone has cashapp? even 1 dollar would help.
cashapp- $dripxmarle2 PLEASE GUYS
Answer:
sorry I don't have any money but if your dog is hungry you shouldn't be asking for money on a homework app..
If you want more blank white space around the text in a document, you should increase the ____________. A. Font size b. Margin c. Orientation d. Page number please select the best answer from the choices provided a b c d.
Increase the margin in a document if you want so much empty white space around in the text. B is the correct answer.
What exactly do you say by margin?The margin is indeed the space between a page's main content (in this case, the text) as well as the site corners. Each page has a one-inch page margin set automatically . You can, however, customize or select predefined margin settings.
Are margins considered white space?"White space," also known as "negative space" or "open space," is the space between other elements on a page. It addresses it all from line & letter spacing to the space between text and images, as well as margins and gutters.
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What should a company consider when choosing a celebrity to endorse its products? Explain.
Answer:
Explanation:
Celebrity endorsement on a product is vital in increasing brand recognition and having more customers and improvement in sales. Some of the things that should be considered when choosing a celebrity for endorsement of a product include:
1. Identification of their interest: It's vital for the celebrity to have thesame interest with the product to be endorsed. The brand should share the celebrities passion.
2. Their audience engagement should also be considered. It is vital to have celebrities that have a strong followership and large fanbase. This will help in driving ones sales.
3. Celebrities that are controversial and have negative history should be avoided. This can have a negative impact on ones product. For example, using a celebrity that is known to be a drug addict or have a vile lifestyle.
Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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Chloe, a textile designer, creates a flat fabric with a pattern that resembles the skin of a crocodile. Which design element is Chloe experimenting with?
A. undertone
B. shape
C. saturation
D. texture
Chloe, a textile designer, creates a flat fabric with a pattern that resembles the skin of a crocodile. Chloe is experimenting with texture.
Fabric is an umbrella term that includes numerous fiber-based materials, inclusive of fibers, yarns, filaments, threads, specific cloth types, and so forth. At first, the word "textiles" simplest cited woven fabric. However, weaving isn't always the only production method, many different methods were later developed to shape textile systems based on their meant use. Knitting and non-woven are different famous types of cloth manufacturing. Inside the cutting-edge world, textiles fulfill the fabric needs for flexible applications, from easy daily garb to bulletproof jackets, spacesuits, and medical doctor's gowns.
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If you decide to hunt for your next job while you are still employed, you should be careful to a. Only search for jobs in other industries b. Tell your boss you are looking right away Tell your coworkers where you are looking d. Keep the information to yourself
Answer:
D. Keep the information to yourself.
Assuming you decide to hunt for your next job while you are still employed, you should be careful to: D. Keep the information to yourself.
An employee refers to an individual who is employed by an employer of labor, so that he or she can perform specific tasks, duties or functions within the business firm, for a certain amount of money paid as wages or salary.
Job hunting is a process through which individuals who are seeking employment go around in search of available job opportunities while submitting an application.
Ideally, job hunting is usually carried out by unemployed people. However, some employed persons go on job hunts when they seek more experience or a higher pay.
On this note, an employed person that decides to hunt for a new job should endeavor to keep such an information to himself or herself because it could lead a termination of contract at his or her current establishment.
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I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
Answer:
53
Explanation:
What is the maximum amount of work-related child and dependent care credit that may be claimed for 2022 by a taxpayer who has three qualifying persons?
The maximum amount of work-related expenses you can take into account for purposes of the credit is $16,000 if you have two or more qualifying persons. But if there is one qualifying person, the maximum amount will be $8,000.
The child and dependent care credit generally can be defined as a tax credit that may help you pay for the care of other dependents (qualifying persons) and also eligible children. The income and a percentage of expenses that you incur for the care of qualifying persons to enable you to attend school, go to work, and also look for work, is calculated to determined the child and dependent care credit.
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I made a website but I need help
can you help me https://manage.wix.com/dashboard/dfc0d810-392a-4bd4-afe2-bc2a5618e9ca/home?referralInfo=my-sites
Answer:
that depens am i going to regreat it or not?
Explanation:
what major earthquake resulted in an economic loss of 25% of the country's gdp and loss in excess of 9000 lives?
The earthquake that resulted in an economic loss of 25% of the country's GDP and a loss in excess of 9000 lives was the earthquake that struck Haiti on January 12, 2010.
This earthquake was a magnitude 7.0 and the epicenter was located near the town of Léogâne, which is approximately 25 km west of the capital city, Port-au-Prince. The earthquake caused widespread devastation and destruction, with many buildings collapsing and many people becoming trapped in the rubble.
The loss of life and the destruction of infrastructure had a significant impact on the economy of Haiti, which was already one of the poorest in the world. The country struggled to recover from the earthquake, with many people remaining homeless and without access to basic necessities such as food and clean water.
The earthquake in Haiti was a tragic event that had far-reaching consequences for the country and its people. Despite the challenges that the country faced in the aftermath of the earthquake, the people of Haiti have shown remarkable resilience and strength in their efforts to rebuild and recover from this devastating event.
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1. If the world price of apples is higher than Argentina's domestic price of apples without trade, then Argentina O A. should import apples O B. should refrain altogether from producing apples C. should produce just enough apples to meet its domestic demand O D. has a comparative advantage in apples 1. Assume, for England, that the domestic price of wine without international trade is higher than the world price of wine. This suggests that, in the production of wine. A. a. other countries have a comparative advantage over England and England will import wine. O B. other countries have a comparative advantage over England and England will export wine O C. England has a comparative advantage over other countries and England will export wine D. England has a comparative advantage over other countries and England will import wine 1. In a simple circular-flow diagram, total income and total expenditure are O A. always equal because every transaction has a buyer and a seller OB. never equal because total income always exceeds total expenditure ° C. equal only when the government purchases no goods or services O D. seldom equal because of the ongoing changes in an economy's unemployment rate
If the world price of apples is higher than Argentina's domestic price of apples without trade, then Argentina should import apples (Option A).
This is because importing apples from the international market at a lower price than the domestic price allows Argentina to benefit from the price difference and satisfy its domestic demand. For England, if the domestic price of wine without international trade is higher than the world price of wine, it suggests that other countries have a comparative advantage over England in the production of wine (Option A). In this case, England would import wine from other countries to take advantage of their lower production costs and benefit from the price difference. In a simple circular-flow diagram, total income and total expenditure are always equal because every transaction has a buyer and a seller (Option A). This means that the total income generated by producing goods and services in an economy is equal to the total expenditure incurred by consumers who purchase those goods and services.
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A product with an MSRP of $10.00 has a volume discount of 30% and a promotion allowance of 15%. How much will the distributor receive in promotion allowance for each unit?
Distributor will receive 1.05 in promotion allowance for each unit.
Promotional Allowances are price breaks that a product's manufacturers or suppliers offer to business associates like distributors to encourage them to advertise their goods and boost sales.
Given;
Volume discount = 30%
promotion allowance = 15%
Distributor receive promotion allowance for each unit = Price after volume discount * % of promotion allowance
30-100= 70%
($10x70%)*5= 1.05 Per Unit
Distributor will receive 1.05 in promotion allowance for each unit.
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the sequence of work for a job is also known as its
Answer:
Routing
Explanation:
What safety device should be worn when there is danger of fragments being thrown?
Answer:
gloves i think
Explanation:
If Firm X is considering a project and its analyst have projected the following outcomes and their probabilities:
$5,250 outcome with probability of 25% and a pessimistic assumption, $7,800 outcome with probability of 45% and a moderately successful assumption, and a $13,500 outcome with a 30% probability and an optimistic assumption, then what is the expected value of the project to the firm?
The expected value of the project to the firm is $8,872.50.
The expected value of a project is calculated by multiplying each possible outcome by its corresponding probability and summing them up. In this case, we have three projected outcomes with their respective probabilities. Let's calculate the expected value step by step:
Step 1: Assign variables to the outcomes and probabilities:
Outcome 1: $5,250
Probability 1: 25% (or 0.25)
Outcome 2: $7,800
Probability 2: 45% (or 0.45)
Outcome 3: $13,500
Probability 3: 30% (or 0.30)
Step 2: Apply the formula for expected value:
Expected value = (Outcome 1 x Probability 1) + (Outcome 2 x Probability 2) + (Outcome 3 x Probability 3)
Step 3: Plug in the values:
Expected value = ($5,250 x 0.25) + ($7,800 x 0.45) + ($13,500 x 0.30)
Step 4: Calculate:
Expected value = $1,312.50 + $3,510 + $4,050
Step 5: Sum up the values:
Expected value = $8,872.50
Therefore, the expected value of the project to the firm is $8,872.50. This represents the average value that the project is expected to generate for the firm, taking into account the probabilities of different outcomes.
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Tianna invested $500 in a CD account. She earned $8 in interest. Inflation was $2. What is Tianna's rate of return? (3 points)
Answer:
1.6%
Explanation:
A rate of return is the total gain or loss on investment. It is usually expressed in percentage form
Rate of return on the CD is the total return derived from investing in the Certificate of deposit
Rate of return = (interest earned / total amount invested ) x 100
(8/500) x 100 = 1.6%
If we are asked to calculate the real rate of return, the inflation rate would be subtracted from the interest earned
Real rate of return = \(\frac{8-2}{500}\) × 100 = 1.2%
Is the process of identifying customers for whom the company will optimize its offering a. searching b. research c. targeting d. deciphering e. customizing
Targeting is the process of identifying customers for whom the company will optimize its offering.
What is targeting?Targeting is the ability to identify individual or group of people that needs a required service or goods.
These are the people a business aims its marketing efforts and resources at.
Therefore, Targeting is the process of identifying customers for whom the company will optimize its offering.
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Which of the following is an example of an HSOs Employee Relations and Engagement efforts?
A. "Walk-arounds" by managers
B. Job Analysis
C. Job Pricing
D. Assessing an employee's job performance
HSOs or High-Reliability Organizations are known for their exceptional ability to maintain safe and effective operations even under high-risk conditions.
These organizations depend on their employees' ability to work collaboratively, take proactive measures, and maintain a shared sense of responsibility towards their work. Engagement and Employee Relations efforts are crucial for building and sustaining a positive work environment and improving employees' job satisfaction. An example of an HSO's Employee Relations and Engagement effort would be "Walk-arounds" by managers. These involve managers visiting different departments, observing employees' work, and interacting with them to understand their concerns and suggestions. This allows managers to connect with their employees, build trust, and identify opportunities to improve work processes. These interactions also enable employees to share their ideas and experiences with their managers, which can lead to better decision-making and a more collaborative work culture.
Job Analysis and Job Pricing are important processes for defining job roles and determining appropriate salaries and benefits. However, they do not necessarily contribute to improving employee engagement and relations. Similarly, assessing an employee's job performance is a critical process for evaluating their work quality and identifying areas for improvement. Still, it may not necessarily contribute to improving engagement and collaboration between employees and managers.
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seedbed preparation
activities
1.cleared the area
Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes:
Answer: Finance, purchasing, accounting, suppying
Explanation:
Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.
The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding
-Finance
-Purchasing
-Accounting
-Management Information System
-Supply management including warehouse and distribution management.
Retailing consists of a wide range of business activities that together add value to the products and services that customers buy. These activities are key to meeting customer needs and ensuring a smooth and satisfying shopping experience. Some of the key components of retail include:
1. Merchandising: Retailers engage in merchandising activities to prepare and present a diverse range of products and services to customers. This includes selecting, sourcing, pricing and displaying merchandise in a way that appeals to the target market.
2. Inventory Management: Retailers are responsible for managing inventory levels to ensure product availability to meet customer demand. This includes forecasting demand, optimizing inventory turnover and implementing efficient replenishment processes.
3. Store Operations: Day-to-day retail store operations include activities such as store layout and design, staffing, customer service, sales management, and security. These activities are essential to creating a pleasant and customer-friendly environment.
4. Marketing and Promotion: Retailers use various marketing strategies and promotional activities to attract customers, build brand awareness and promote sales. This includes advertising, public relations, social media marketing, loyalty programs and sales promotion.
5. E-commerce and Omni-channel retailing: With the rise of online shopping, retailers are engaging in e-commerce activities to provide convenience to customers in purchasing products online. They also adopt omnichannel strategies to integrate online and offline channels to create a seamless shopping experience.
6. Supply Chain Management: Retailers work closely with suppliers and distributors to ensure the efficient movement of products from manufacturers to stores or customers. Effective supply chain management includes logistics, warehousing, transportation and order fulfillment.
7. Customer Relationship Management (CRM): Retailers focus on building and maintaining strong relationships with customers through personalized service, loyalty programs and targeted marketing efforts. CRM helps retailers understand customer preferences, behavior and buying patterns.
Overall, retailing encompasses a complex set of activities aimed at delivering value to customers and promoting business success. It involves the integration of various features and strategies to create a positive and engaging retail experience for customers.
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People often complain about price gouging after a natural disaster. Suppose the government imposed limitations on price increases in the aftermath of a disaster. One would expect.
People usually complain about price gouging after a natural disaster. If the government implements some limitations on prices one would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly.
Price gouging is the practice of businesses charging inflated prices for needs in response to sudden increases in demand, frequently following a natural catastrophe or another state of emergency.
Natural disasters, also known as natural hazards, are severe, unexpected occurrences that are brought on by environmental elements such as storms, floods, droughts, fires, and heat waves. Natural catastrophes are occurring more frequently, with a wider reach, and with more consequences.
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The benefits of decentralization include all of the following except:
A. It forces top levels of management to focus on individual units
B. It empowers more employees at lower level of management
C. It allows for better and more timely decision making
D. It trains future managers
The benefits of decentralization are numerous and include (B) empowering more employees at lower levels of management, allowing for better and more timely decision-making, and training future managers.
However, one benefit that is not typically associated with decentralization is that it forces top levels of management to focus on individual units.
This is because decentralization involves delegating decision-making authority to lower levels of management, allowing them to make decisions independently and freeing up top-level managers to focus on strategic decision-making.
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How much does David earn in a 35-hour work week when the value of his benefits is included?
Answer:
pls give proper question i dont know
Explanation:
A group of customers at a fast food restaurant bought 8 hamburgers, 6 large orders of fries, and 6 large sodas for $26.10. A second group ordered 10 hamburgers, 6 orders of large fries, and 8 large sodas and paid $31.60. A third group bought 3 hamburgers, 2 large fries, and 4 large sodas for $10.95. Determine the price of each food item (hamburger, large fries, and large soda).
the approximate prices of each food item are:
Hamburger: $1.24
Large fries: $2.34
Large soda: $0.66
Let's assume the price of a hamburger is "h," the price of a large order of fries is "f," and the price of a large soda is "s."
From the given information, we can set up a system of equations:
8h + 6f + 6s = 26.10
10h + 6f + 8s = 31.60
3h + 2f + 4s = 10.95
To solve this system, we can use a variety of methods such as substitution or elimination. Here, we'll use the elimination method to find the values of h, f, and s.
Multiplying the first equation by 3, the second equation by 2, and the third equation by 8, we can eliminate the "f" term:
24h + 18f + 18s = 78.30
20h + 12f + 16s = 63.20
24h + 16f + 32s = 87.60
Subtracting the second equation from the first equation:
4f + 2s = 15.10
Subtracting the second equation from the third equation:
4f + 16s = 24.40
Now, subtracting these two equations, we can eliminate the "f" term:
14s = 9.30
Dividing both sides by 14:
s ≈ 0.6643
Substituting this value back into the second equation:
10h + 6f + 8(0.6643) = 31.60
10h + 6f + 5.3144 = 31.60
10h + 6f = 26.2856
Subtracting the third equation from the second equation:
10h + 6f - (3h + 2f) = 26.2856 - 10.95
7h + 4f = 15.3356
Now, we have a system of two equations:
10h + 6f = 26.2856
7h + 4f = 15.3356
Solving this system, we find:
h ≈ 1.2364
f ≈ 2.3437
Therefore, the approximate prices of each food item are:
Hamburger: $1.24
Large fries: $2.34
Large soda: $0.66
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State the purpose of assets
Answer:
Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.
Explanation:
Hope this helps!
.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
I want to become doctor and I'm from nepal..which may be the best country for me to study
Answer:
the best would always be the USA in doctoring.
it has the best colleges etc.
Explanation:
Novak corp. Issued $488,000 of 15-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $473,360, the company redeemed the bonds at 98
Novak Corp. incurred a loss of $4,880 when they redeemed the bonds at 98% of face value.
The carrying value of the bonds was $473,360.
The face value of the bonds is $488,000, so 98% of that is $478,240.
The amount of the loss is the difference between the carrying value and the amount paid, which is $478,240 - $473,360 = $4,880.
Face value refers to the nominal or stated value of a security or financial instrument. This value is typically assigned when the security is first issued and does not necessarily reflect the actual market value of the security. For example, a bond with a face value of $1,000 will typically pay out $1,000 to the bondholder upon maturity, regardless of any changes in the market value of the bond over time.
Similarly, a stock with a face value of $1 may be issued at a higher price, reflecting the perceived value of the company's shares. While face value is often used as a reference point for accounting and legal purposes, investors and analysts will typically focus on the actual market value of a security, which can fluctuate based on a range of factors, including supply and demand, interest rates, and the performance of the issuing company.
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On Dec. 1, 2014, Ramil Sarabia opened a videotape rental store, Kalibo Video, by investing P250,000 cash from his personal savings account. During the month of December, the following transactions took place. Dec. 1 + 5 8 11 16 17 23 24 30 Acquired supplies on account, P67,000. Acquired videotape costing P235,000, on account. Paid P85,000 to creditors. Received P78,000 cash from ACA Video for rental fees. Billed video city for video rentals, P105,000 Paid salaries, P65,000 Collected P77,000 from video city Sarabia withdrew P47,000 from the business. Paid rent for the month, P41,500. Paid utilities bill for the month, P17,500 Required: Record the transactions for the month of December 2014 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Supplies; Videotape; Accounts Payable; and Sarabia, Capital
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
The financial transaction worksheet for Kalibo Video for the month of December 2014:
Date Accounts Debit Credit
1-Dec Cash 250,000.00
1-Dec Supplies 67,000.00 Accounts Payable
5-Dec Videotape 235,000.00 Accounts Payable
8-Dec Accounts Payable 85,000.00 Cash
11-Dec Accounts Receivable 78,000.00 Cash
16-Dec Accounts Receivable 105,000.00
17-Dec Salaries Expense 65,000.00 Cash
23-Dec Cash 77,000.00 Accounts Receivable
24-Dec Sarabia, Capital 47,000.00 Cash
30-Dec Rent Expense 41,500.00 Cash
30-Dec Utilities Expense 17,500.00 Cash
The business:
Started with P250,000 in cash from Sarabia's personal savings account on December 1
Acquired supplies worth P67,000 on account on December 1
Acquired videotapes costing P235,000 on account on December 5
Paid P85,000 to creditors on December 8
Received P78,000 in cash from ACA Video for rental fees on December 11
Billed Video City P105,000 for video rentals on December 16
Paid salaries amounting to P65,000 in cash on December 17
Collected P77,000 in cash from Video City on December 23
Sarabia withdrew P47,000 in cash from the business on December 24
Paid rent expense amounting to P41,500 and utilities expense amounting to P17,500 in cash on December 30
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
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