The problems identified require the audit team to improve the quality and reliability of their evidence-gathering processes, develop a tailored audit program, and provide necessary training and support to less-experienced team members.
Lack of documented proof of inventory controls and improper use of an earlier audit program for a different client are two issues mentioned in Timmy and Carla's statements. These issues can be resolved by accumulating more proof to back up inventory control claims, identifying restrictions and carrying out more thorough testing. It is also necessary to create a fresh, customized audit program that is unique to Halmart and takes industry risks into account.
Jason's difficulties comprehending management claims and gathering evidence can be overcome with training, advice, and mentoring from more seasoned team members. By putting these solutions into practice, Halmart Inc. can increase the accuracy and efficiency of its auditing procedure.
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The complete question is "You are the audit senior, and you are reviewing the working papers written by Timmy, audit staff on the audit of Halmart Inc. You read the following description of the results of testing of inventory controls written by the audit staff member: The inventory manager advises that no changes have been made to the inventory programs during the current fiscal year. There are no documents on file authorizing program changes, so I conclude the inventory manager's statement is true. The inventory manager also advises that management did not attempt to override any controls relating to inventory. There are no memoranda or emails from management on file instructing the inventory manager to go against procedures, so I conclude the inventory manager's statement is true. The audit staff member concludes that the inventory controls have not been changed or overridden during the fiscal year, so the results of the interim testing of controls can be relied upon. Carla has been asked to join the team responsible for designing the audit programs for Halmart Carla has worked for the audit firm for a year and received a very high-performance rating from her supervisors on her previous audit on Tyson & Tyson a local supermarket chain. Carla feels confident she can apply her knowledge to the new audit. She takes a copy of the audit program for Tyson Inc. along to the first meeting, intending to suggest they use it as the basis for the audit program for Halmart. Carla thinks the Halmart audit program could use the same substantive procedures that were used on the Tyson & Tyson audit. The Audit Partner has indicated that since Halmart Inc. sells jewelry, the audit will involve the use of a specialist. Jason is the first year Audit Assistant assigned to the audit. He is having challenges understanding management assertions and how it relates to the audit and accumulating evidence. examine the statements by timmy about inventory and carla about the preparation of the audit program.
what problems can you identify?"
What are Logistics careers?
which viability factor involves building relationships with a experienced professionals
Relationship factor helps in building relationships with a experienced professionals.
Give a brief account on Business viability.Viability means that the business is (or may be) successful. A viable business is profitable, meaning it generates more revenue than you spend running it. If a company is not profitable, it is difficult to recover. Companies need to increase sales, reduce costs, or both. Profitability is closely related to solvency and liquidity as well as profit.
There are two processes to creating a profitable business. First, it means formulating a marketing strategy by knowing who you are, who you sell to, and who else you sell to. Second, it means your financial home is in order.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Consider the case of Turnbull Co. Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 11.1%, and its cost of preferred stock is 12.2%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 14.7%. However, if it is necessary to raise new common equity, it will carry a cost of 16.8%. If its current tax rate is 40%, how much higher will Turnbull's weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings? 0.64% 0.98% 0.86% 0.75% Turnbull Co. is considering a project that requires an initial investment of $1, 708,000. The firm will raise the $1, 708,000 in capital by issuing $750,000 of debt at a before-tax cost of 11.1%, $78,000 of preferred stock at a cost of 12.2%, and $880,000 of equity at a cost of 14.7%. The firm faces a tax rate of 40%. What will be the WACC for this project? Consider the case of Kuhn Co. Kuhn Co. is considering a new project that will require an initial investment of $20 million. It has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. Kuhn has noncallable bonds outstanding that mature in 15 years with a face value of $1,000, an annual coupon rate of 11%, and a market price of $1, 555.38. The yield on the company's current bonds is a good approximation of the yield on any new bonds that it issues. The company can sell shares of preferred stock that pay an annual dividend of $8 at a price of $95.70 per share. Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of $1.36 at the end of next year. Flotation costs will represent 8% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 8.7%, and they face a tax rate of 40%. Determine what Kuhn Company's WACC will be for this project.
Turnbull's weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings is 0.75%. Option A is correct.
What is Weighted Average Cost of Capital?Weighted average cost of capital is a weighted average of each source of long term fund or capital employed with its market expectation of investor considering the tax adjustment on it during the financial year.
It shows the economic value addition from net operating profit after tax over the weight average cost of capital employed in long term securities such common stock, preferred stock, Long term debt & Retained earnings.
It can be calculated from following formula:
\(WACC = W1*Cost of Debt + W2 * Cost of preferred stock + W3 * cost of equity\)
WA Cost of equity = value of common stock & value of retained earnings in the firm.
A) WACC (old) = 0.58 × 11.1% (1-.40) + 0.06 × 12.20% + 0.36 × 14.70%
Cost of Capital Employed = Debt weight × after tax debt rate + Preferred equity weight × Cost of preferred Equity + Cost of Common equity & retained earnings × cost of equity
∴ WACC = 9.89 % (old) if equity raise from retained earnings.
B) WACC (new) = 0.58 × 11.1% (1-.40) + 0.06 × 12.20% + 0.36 × 16.80%
∴ WACC = 10.64% (New) if equity raise from fresh issue.
Thus the increase in WACC after issue of fresh equity from market is 0.75% (10.64% - 9.89%).
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What can be said about the culture of services?
I. Processes are invisible
II. Processes are well defined
III. More scientific
IV. Not well defined or documented
A. I, II, and III only
B. I, II, and IV only
C. II, III, and IV only
D. All of the above
In the service culture, processes are invisible and procedures are not well defined or documented. This culture is focused on customer service, to provide the best experience.
Therefore, processes are invisible, that is, the customer is not able to identify internal processes if they are not useful, but they must perceive the service as a mystery where all their needs are promptly met.
In the service culture, this is also not well defined or documented, so as not to create standardization of the service, but a personalized service that meets the needs of each customer individually.
Therefore, in the service culture, the focus is on offering the best experience for the customer, through the creation of value, excellent service and employees capable of satisfying their needs.
The service culture is capable of generating greater competitiveness, customer loyalty and positioning for a company.
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According to the liquidity premium theory of the term structure, a flat yield curve indicates that short-term interest rates are expected to.
According to the liquidity premium theory of the term structure, a flat yield curve indicates that short-term interest rates are expected to remain constant.
What does a flat yield curve mean?A flat yield curve is an indicator that interest rate would be constant. The long term and short term interest rate would be the same. A downward sloping yield curve can also be an indicator that there is an expectation of lower inflation rate in coming years.
If the yield curve is upward sloping, the short term interest rate would be lower than the long term interest rate
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retail factilities located in big, low-cost buildings with large on-premise inventories and minimal services are called
Large, inexpensive structures housing retail facilities that have substantial on-site inventories and few services are referred to as warehouse showrooms.
Just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory are the four categories of inventory management (DSI). There are advantages and disadvantages to each method of inventory management, and each works better for certain types of enterprises.
Three different forms of inventory are handled by manufacturers. They are unfinished products, work-in-progress projects, and raw materials that need to be worked on (which are ready for shipping).
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Choose one of the following firms and examine their digital presence (website, mobile, social):Micro CenterMuscle Maker GrillValley Forge CasinoWhole FoodsPhiladelphia 76ersNew York KnicksIn about 500-600 words, how can your chosen firm can improve CXM and overall user experience.
To improve customer experience management (CXM) and overall user experience, the firm Micro Center can focus on developing a comprehensive digital presence. This can include optimizing their website for mobile devices, investing in social media channels, and optimizing their website design.
Creating a mobile-friendly website is a key part of improving customer experience. Mobile-friendliness is essential for online businesses, as more people are using mobile devices to access online content. The website should be optimized to fit any device, including both smartphones and tablets. This can be done by designing with a mobile-first approach and focusing on creating an intuitive user interface.
Investing in social media channels is also essential for improving customer experience. By engaging with customers on social media, the firm can build trust and rapport.
Finally, the firm should optimize their website design. This includes making sure that all the pages are easy to find and navigate, that content is clearly organized, and that the overall aesthetic is attractive.
In conclusion, to improve customer experience management and overall user experience, the firm Micro Center should focus on creating a comprehensive digital presence.
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a coupon bond that pays semiannual interest is reported in the wall street journal as having an ask price of 117% of its $1,000 par value. if the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be
According to the Wall Street Journal, a coupon bond with a semi-annual interest rate has an ask price of 117%; the bond's invoice price will be $1,180.
Why is "coupon" a phrase used in bonds?
Genuine, detachable coupons that were affixed to bond certificates were what the term "coupon" originally referred to. Bonds with coupons, commonly known as bearer bonds or coupon bonds, are not registered; as a result, just holding one of them constitutes ownership.
What are a bond's coupon and zero coupon?
The portion of a bond's face value that is paid in interest each year is referred to as its coupon rate. a bond that pays no interest since its coupon rate is zero. This is not to say that the bond does not provide a profit, though. A zero coupon bond, however, yields money when it matures.
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
https://www.nap.edu/read/1806/chapter/7
what is the poem about "a bird came down the walk"
Answer:
It is called A bird came down the Walk by Emily Dickinson
3. How do you make sure that your estimated CAPM is a good fit to real actual data.
To ensure that your estimated Capital Asset Pricing Model (CAPM) is a good fit to real actual data, you can follow these steps:
Data Quality: Start by gathering high-quality data for your analysis. Use reliable sources and ensure that the data is accurate, up-to-date, and relevant to the assets or securities you are studying. Historical Returns: Calculate the historical returns for the asset or security you are analyzing, as well as the relevant market index returns. The accuracy of your CAPM estimation depends on the quality of historical return data. Risk-Free Rate: Choose an appropriate risk-free rate, such as the yield on government bonds with a similar maturity as the investment horizon you are considering. This rate should reflect the risk-free return available to investors. Market Risk Premium: Determine the market risk premium, which represents the excess return expected from investing in the overall market compared to the risk-free rate. Consider historical data and market conditions to estimate a reasonable market risk premium.
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How much is 50000 Mexican Peso in US Dollar ?
50000 Mexican Pesos (MXN) is equivalent to approximately $2,624.27 US Dollars (USD). This is based on the current exchange rate of 19.25 MXN/USD.
Currency exchange rates fluctuate daily and can be affected by a number of different factors such as economic growth, politics, and central bank policies. The Mexican Peso has weakened against the US Dollar in recent months due to the US-Mexico trade dispute and US tariffs.
This has caused the MXN to become less valuable relative to the USD, resulting in the current exchange rate of 19.25 MXN/USD. The exchange rate is expected to remain volatile in the near future as the trade dispute between the two countries continues.
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uncapped, fully participating, preferred shares with 1:1 convertibility will convert to common equity prior to an ipo if:
If convertible preferred shares have a fixed conversion ratio and are uncapped, fully participating, and convertible into common equity before an IPO.
A 1 to 1 conversion ratio: what is it?
The "conversion ratio" establishes how many shares of ordinary stock each share of preferred stock changes into when it is converted as the first step. The initial value of this number is 1:1. Thus, each share of preferred stock first transforms into one share of common stock.
Can preferred stock be converted into common stock?
There is a defined conversion ratio at which convertible preferred shares can be changed into common stock. The preferred shareholders may wish to convert and take advantage of the opportunity to make a quick profit whenever the market price of the company's common stock rises above the conversion price.
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The fees charged by financial institutions for annuities may include all of the following except A) management fees.B) surrender charges.C) insurance fees or commissions.D) no-load annuity fees.
The fees charged by financial institutions for annuities may include all of the following except D) no-load annuity fees. No-load annuities are a type of annuity product that does not charge sales commissions or loads.
These annuities are typically sold directly to investors without involving financial advisors or intermediaries, hence the absence of sales fees or commissions.
On the other hand, the fees commonly associated with annuities include:
A) Management fees: These are fees charged for managing the investment portfolio within the annuity.
B) Surrender charges: These are fees imposed when the annuity contract is terminated or surrendered before a specified period, usually during the surrender charge period.
C) Insurance fees or commissions: These are fees or commissions paid to insurance agents or brokers for selling the annuity product.
It's important to note that the specific fees and charges associated with annuities can vary depending on the type of annuity, the insurance company, and the terms of the annuity contract. It is always advisable to carefully review the terms and conditions of an annuity and consult with a financial professional to fully understand the fees and charges involved.
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The final answer is D) no-load annuity fees. No-load annuity fees are not typically included in the fees charged by financial institutions for annuities.
"No-load" refers to annuities that do not have sales charges or commissions associated with them. These types of annuities are designed to be sold directly to investors without involving financial advisors or intermediaries who would typically charge a fee or commission. Instead, investors can purchase no-load annuities directly from the issuer, and the fees charged are usually limited to management fees and expenses related to the administration of the annuity.
Therefore, among the options provided, A) management fees, B) surrender charges, and C) insurance fees or commissions are more commonly associated with the annuity fees charged for annuities.
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Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same. What is the estimated change in cash for the year ?
Answer:
Estimated change in cash = $220,000
Explanation:
GIven:
Net income = $200,000
Sales = $540,000
Expenses = $180,000
Depreciation expenses = $60,000
Accounts receivable balance increased = $40,000
Find:
Estimated change in cash
Computation:
Estimated change in cash = Net income + Depreciation expense - Accounts receivable balance increased
Estimated change in cash = 200,000 + 60,000 - 40,000
Estimated change in cash = $220,000
will give brainliest if correct (repost)
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
Markus United Inc., a soap manufacturing company, maintained strategic advantage over other companies by retaining profits in a unique way. The company bought a few distributors in order to improve efficiency and cut down transportation costs while distributing its products to retail stores. The company generated more profits than its competitors this way. This is an example of _________.
Answer:
forward integration
Explanation:
This is an example of forward integration. This is because in forward integration, the company implementing this tends to buy other business that are already perfoming tasks for the as third party contracts in which the required tasks are being outsourced to them. Therefore, by buying these business' the company no longer needs to outsource and is handling the tasks themselves, therefore, improving efficiency. This is exactly what Markus United Inc. is doing by buying the transportation company to whom they previously outsourced all of their transportation needs.
(e) Recommend two ways in which communication could be improved in a large
organisation. Justify your recommendations.
Way 1:
Way 2:
Give suggestions I will write analysis and conclusion
The recommended ways to improve communication are given below:
The RecommendationsWay 1: Implement a centralized communication platform such as Slack or Microsoft Teams to improve collaboration and facilitate real-time communication across different teams and departments. This would enable employees to quickly and easily share information, documents, and updates, leading to increased productivity and more efficient decision-making.
Way 2: Conduct regular town hall meetings or all-hands meetings, where senior leaders can address the entire organization, provide updates on business goals and priorities, and answer questions from employees. This would help improve transparency and ensure that everyone is aligned on company goals and objectives, leading to greater engagement and job satisfaction.
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8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?
a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.
Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.
However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.
b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.
The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.
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lollllaoqlqlwlwkwjebsnan
The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
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If the current interest rate is below the equilibrium rate, the: A. supply of non-monetary financial assets is greater than the demand for them. B. demand for non-monetary financial assets is greater than the supply. C. Surplus of money will cause interest rates to rise. D. supply of money is greater than the demand. E. money market is in equilibrium.
If the current interest rate is below the equilibrium rate, the supply of non-monetary financial assets is greater than the demand for them.
What does it mean when interest rate is below the equilibrium rate?Interest rate can be described as the cost of borrowing. It is the cost of accessing funds. When interest rate is below the equilibrium rate, it means that there is less money in circulation. As a result, the supply of non-monetary financial assets is greater than the demand for them.
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which of the following would indicate that saving will help you progress forward your vision of financial well-being? 
a. only saving if you have money left at the end of the month
b. using a credit card for emergencies
c. having enough money in a savings account to cover emergencies
d. all will help your vision 
c. Having enough money in a savings account to cover emergencies would indicate that saving will help you progress towards your vision of financial well-being.
What does saving money allow for ?Saving money is a key aspect of attaining financial well-being, providing a safety net to withstand unforeseen expenditures or emergencies.
This reserve helps foster financial security and certitude by bypassing taking out loans or delving into savings for such instances, avoiding detrimental results for one's financial situation.
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what is the role of seminal vesicle and prostate gland
Answer:
The seminal vesicle and the prostate glands add their secretions so that the sperm are in a fluid which makes their transport easier and this fluid also provides nutrition.
MARK ME BRAINLISTtable 21.1 units of labor units of output 0 0 1 15 2 35 3 45 4 52 what is the marginal physical product of the second unit of labor in table 21.1?
The second unit of labor produces a marginal physical product of 20. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
What does "marginal physical product" entail?The change in output due to a change in the level of variable input is called marginal physical product (MPP); The MPP is the change in TPP for every unit of change in the quantity of the variable input, to put it another way. With the current production inputs, a startup company is currently producing 2,000 units per month. With the current production inputs, a startup company is currently producing 2,000 units per month. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
What would CRM software help you
do?
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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hich pricing strategy involves setting a high price for an exclusive, high-end product?
i commanded the assault and capture of the fortress at derna, tripoli in 1805, and was presented with what would become the famous marine corps officer's sword
A policeman carrying a Mamluk sword was given to Lieutenant Presley O'Bannon in 1805 by a Mamluk chief in North Africa. Tripoli's history dates back to at least the 14th century BC. return.
After Cairo, he has a second concentration in Mamluk architecture. The naval squadron stationed in the Mediterranean was led by Commodore Edward Preble, but the hero of the United States' war with Tripoli was Stephen Decatur of Maryland. Crossed swords represent military strength in terms of physical security.
Both swords point upwards, always ready for battle, symbolizing the importance of always being on alert. The United States successfully defeated the Karamanli forces in a combined sea and land attack by the United States Marine Corps. The U.S. treaty with Tripoli, signed in 1805, included a ransom for Tripoli's American prisoners of war, but no provision for tribute.
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