Incentives that are too high-powered, such as an outsized bonus, may cause individuals to engage in unethical behavior or take excessive risks.
Research has shown that when incentives are too large, individuals may be more likely to engage in behavior that is unethical or even illegal in order to achieve the desired outcome. This is because high-powered incentives can create pressure that leads individuals to prioritize the incentive over ethical behavior or long-term consequences.
For example, a financial advisor may be incentivized to sell a high-risk investment to a client in order to earn a large commission, even if it is not in the best interest of the client. In this scenario, the incentive of a large commission could cause the advisor to overlook the potential risks and ethical concerns associated with the investment.
Therefore, it is important for organizations to carefully design and monitor their incentive programs to ensure that they are motivating desired behaviors without creating unintended negative consequences.
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Incentives that are too high-powered, such as an outsized bonus, may cause individuals to engage in unethical behavior or take excessive risks. Research has shown that when incentives are too large.
individuals may be more likely to engage in behavior that is unethical or even illegal in order to achieve the desired outcome. This is because high-powered incentives can create pressure that leads individuals to prioritize the incentive over ethical behavior or long-term consequences. For example, a financial advisor may be incentivized to sell a high-risk investment to a client in order to earn a large commission, even if it is not in the best interest of the client. In this scenario, the incentive of a large commission could cause the advisor to overlook the potential risks and ethical concerns associated with the investment.
.
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You are an American, working for a US hospital. The hospital sells services to a French hospital. Given a depreciation of the Euro, your French subsidiary (the one that receives the revenues from the French Hospital) received a lesser income last year, although a clause in your contract stipulates adjustment payment in US dollars. Therefore, your subsidiary has a balance sheet loss, although your consolidated global result is positive. This type of foreign exchange risk is known as:
Answer:
translation exposure
Explanation:
Translation exposure is also known as translation risk. In this type of risk, the value of a company's assets, equities, income, or liabilities change due to changes in the exchange rate,
French subsidiary received a lesser income last year, although payment will be adjusted in US dollars as per the contract.
Due to this, the subsidiary has a balance sheet loss, although the consolidated global result is positive.
This type of foreign exchange risk is known as translation exposure.
What are the two essentials for completing an initial mortgage?
Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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Money serves as a store of value when: Multiple Choice it is a means of holding wealth. there is direct trade of goods and services. it is a basic measure of economic value. it is used to purchase goods and services.
Answer:
The answer is A.
Explanation:
One of the functions of money is to serve as a store of value(the rest is as a medium of exchange, store of value, unit of account)
Money can be stored as deposit in banks(the money saved in banks), bonds, golds, stocks etc. Money are stored in these as they can easily be converted to cash. What the money is being stored as must be easily be converted to cash.
A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share per year?
Adoption of ASC Topic 842 related to leases represents a Multiple Choice o voluntary change in accounting principle.o mandatory change in accounting estimate. o voluntary change in accounting estimate. o mandatory change in accounting principle. Which of the following accounting principle changes typically is reported prospectively? Multiple Choice o Adopting ASC topic 606 on revenue recognition on the standard's effective date. o Changing inventory method from LIFO to FIFO.o Changing inventory method from FIFO to LIFO.o Changing reporting of investments from the equity method to the fair value method. ASC Topic 606 on Revenue Recognition requires which transition method? Multiple Choice o Modified retrospective approach o Full retrospective restatement o Retrospective restatement or prospective approach o Full retrospective restatement or modified retrospective approach
Adoption of ASC Topic 842 related to leases represents D. mandatory change in accounting principle.
What exactly is ASC 842 adoption?According to the ASC 842 standard for GAAP lease accounting, all leases lasting more than 12 months must be recorded as assets and liabilities on balance sheets. This new standard was developed by the Financial Accounting Standards Board (FASB) to promote greater transparency between investors and businesses.
A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration," states ASC 842-10-15-3.
A change in accounting principle may be required by newly issued guidance or as a result of the reporting entity's decision to adopt a different accounting principle because it is preferable.
Therefore, based on the information, the correct option is D.
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The difference between small business and entrepreneurship has nearly nothing to do with size and nearly everything to do with
O Capital
O competition
O number of employees
O characteristics
→
Answer: (1) Entrepreneurs are always looking for ways to make money while small business have the same goal but company owners also focus on maintaining their business income to pay for operating expenses.
(2) Entrepreneurs are more likely to take on debt than small business owners and typically have much higher risk tolerance. They are comfortable assuming larger uncertainties to pursue new ideas and opportunities
(3) Entrepreneurs are risk-takers while store owners are more conservative
(4) Entrepreneurs are future-oriented, while small business owners typically focus on the present.
Explanation:
Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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Which of these is an example of using secondary data for market research?
A. Interviewing a customer after making a purchase
B. Using census data to find information about your target market
C. Conducting a customer satisfaction survey
D. Observing a focus group test a company's new product prototype
Answer:
B. Using census data to find information about your target market
Explanation:
Using census data to find information about your target market is an example of using secondary data for market research. Option (b) is correct.
What do you mean by Focus?Focus is a center of activity, attraction, or attention.
Secondary data is information that was gathered earlier by another party. questionnaires, personal interviews, observations, experiments, etc. Publications, websites, books, journal articles, internal documents, etc. produced by the government.
Therefore, Option (b) is correct. Using census data to find information about your target market is an example of using secondary data for market research.
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The ultimate guardians of shareholder interest in a corporation are the boards of directors. all of the options senior management rank and file workers.
The ultimate guardians of shareholder interest in a corporation are c) Boards of directors.
Boards of directors are responsible for overseeing the management of a corporation and safeguarding the interests of shareholders. They are typically elected by the shareholders and have a fiduciary duty to act in the best interests of the company and its shareholders. The board of directors provides strategic direction, approves major decisions, hires and evaluates senior management, and ensures that the corporation is being managed effectively and in line with the shareholders' interests.
While rank-and-file workers play a crucial role in the success of a corporation, they are not typically directly involved in making decisions that directly impact shareholder interests. Their primary role is to carry out their assigned tasks and contribute to the overall functioning of the organization.
Similarly, senior management, while responsible for day-to-day operations and implementing the strategic direction set by the board of directors, ultimately reports to and are accountable to the board. Senior management's role is to execute the company's strategy, manage the company's resources, and achieve the organization's goals.
Therefore, although both rank-and-file workers and senior management contribute to the overall success of a corporation, the ultimate guardians of shareholder interest are the boards of directors, as they have the legal and ethical responsibility to protect and promote the shareholders' interests.
The question should be:
The ultimate guardians of shareholder interest in a corporation, are the
a) Rank and file workers
b) Senior management
c) Boards of directors
d) All of the above
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Consider two Erlang loss systems. System A has an interarrival time of 15 minutes. System B has an interarrival time of 10 minutes. What is the interarrival time of the combined system if the demand of the combined system is the sum of the demands of the separate systems
Consider two Erlang loss systems. System A has an interarrival time of 15 minutes. System B has an interarrival time of 10 minutes. the interarrival time of the combined system is 6 minutes
What is the interarrival time?Generally, Interarrival rate for queue system A
lambda1 = 15 minutes
Interarrival rate for queueing system B
lambda2 = 10 minutes
In order to pool both of these systems together, the interarrival rates for the pooled system are provided by the following equation, supposing that the service rate for each of these systems is equal and stays the same.
\(1/(1/ \lambda_1 + 1/ \lambda_2)\)
= 1/(1/15 + 1/10)
= 1/((10+15)/15*10)
= 1/(25/150)
= 150/25
= 6 minutes
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as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law
Answer:
Statue of limitations
Explanation:
A couple weeks ago, Alex saw her boss stealing money out of the cash register. Her boss noticed that Alex saw. Alex planned to tell one of the other managers the next day, but when she came in for work, her boss pulled her aside and told her that she should keep her mouth shut if she wanted to keep her job, because she would be blamed for the missing money if she told anyone what she saw. Alex's boss is using what unethical communication practice discussed in our lectures from this week
Answer:
The answer is "Coercion".
Explanation:
Its legislative concept of coercion between both the states was reasonably uniform: utilizing bullying and threats to force (or inhibit) individuals to do something they have and do not have a legal right to. It implies that helping a person, through threatening his security and well or those of his family or property, which we usually should not do.
Explain how credit can be both a good thing and a bad thing> How do you plan establish credit in the nextt 5-7 years?
Credit can be both a good thing and a bad thing depending on how it is used. On the positive side, credit can help individuals build a credit history, which can be used to secure loans and other financial products in the future.
This can allow individuals to make important purchases, such as a home or car, that they might not otherwise be able to afford. Additionally, responsible use of credit can help individuals establish a good credit score, which can result in lower interest rates and better loan terms.On the negative side, credit can also be a bad thing if it is not used responsibly. Taking on too much debt or missing payments can lead to high interest rates, late fees, and damage to your credit score. This can make it more difficult to secure loans or obtain credit in the future.To establish credit in the next 5-7 years, it's important to start by obtaining a credit card or other form of credit and using it responsibly.
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Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created a net income of $195,000. If Jim’s operating expenses last quarter were $23,000, what was his gross profit margin?
A. 5.0%
B. 37.7%
C. 42.8%
D. 47.8%
Answer:
d. 47.8%
Explanation:
i took the test
47.8% was Jim's gross profit margin. The correct option is D.
What is a good general profit margin?Although net profit margins differ by industry, the Corporate Finance Institute states that 20% is good, 10% is average or standard, and 5% is low or poor. Companies can pay their expenses and make a profit when their profit margins are high.
Given
Net Sales = $456,000
Net Profit = $195,000
Expenses = $23,000
Required to Calculate Gross Profit Margin here =?
Gross Profit Margin = Gross Profit x 100 / Net sales
Gross Profit = Net Profit + Operating Expenses
= 195,000 + 23,000 = $218,000
Gross Profit Margin = 218000 x 100 / 456000 = 47.8%
Net sales less cost of goods sold is how the analytical metric known as the gross profit margin is expressed for a business (COGS). The gross profit as a percentage of net sales is known as the gross profit margin. 47.8% was the gross profit margin.
Thus, the ideal selection is option D.
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what are the sources of income of the government? where do these taxes go?
Answer:
The taxes go in the national income of country
Which team role makes treatment decisions and assigns roles.
The team role that makes treatment decisions and assigns roles is : Team leader.
Who is a team leader?A team leader is someone who oversees the functionality of a workgroup by providing guidance and instruction.
Team leader monitor the progress of a team throughout the duration and successful completion of a project.
Qualities of a good team leader are :
Achieve goals in good time.Good leaders make a decisive commitment to a vision.Successful team leaders speak well and listen better.There, the team role that makes treatment decisions and assigns roles is the team leader.
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Will give brainliest/Someone help me with this application question!
one full page on a document
What is something you would like to accomplish in the future? Perhaps you would like to learn how to play an instrument, graduate at the top of your class, or visit the ocean. Identify one thing you would like to accomplish, and include specific details and examples to help explain why it is important.
Demonstrate that you are a self-directed student who won't need a lot of guidance. Tell us how you handle getting questions answered. Showcase how you can bring value right now. Show that you are aware of the responsibilities of the position.
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
If I have the time and the chance, I'd like to learn how to play the violin. My mother once gave me a toy violin when I was little, and I really enjoyed playing it and spent a lot of time with it. Playing an instrument every day is the best way to learn it. It is preferable to practice daily for 30 minutes as opposed to twice a week for 2 hours. Your development may be more satisfying if you divide your practice time into little daily sessions.
Therefore, Bring value right now. Show that you are aware of the responsibilities of the position.
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One disadvantage of a corporation is:
Answer:
The disadvantages of a corporation are as follows: Double taxation. Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice. Excessive tax filings.
What three things are people typically talking about when they use ethics and morals interchangeably?
When ethics and morals are used interchangeably, people are often addressing principles, personal values, and the consequences of actions when determining what is right or wrong.
When people use the terms "ethics" and "morals" interchangeably, they are often referring to three interconnected aspects of human behavior and decision-making.
Firstly, they discuss principles or guidelines that govern what is considered right or wrong. These principles may be influenced by cultural, religious, or philosophical beliefs and shape individuals' ethical or moral framework.
Secondly, conversations revolve around personal values and how individuals apply those principles to their own lives. This involves examining one's character, virtues, and intentions when making ethical or moral choices.
Lastly, discussions commonly involve assessing the consequences and outcomes of actions, considering the potential impact on others and the greater society. This consequentialist perspective focuses on the ethical or moral implications of choices and the overall well-being or harm they may cause.
Overall, when ethics and morals are used interchangeably, people are often addressing principles, personal values, and the consequences of actions when determining what is right or wrong.
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NEED HELP AS SOON AS POSSIBLE
Answer:it is 10,000
Explanation:
Answer:
Q1: Total assets= 25,200
Q2: Total liabilities = 16,500
Explanation:
Q1: Add all your assets to get total assets
Q2: Add all your liabilities to get total liabilities
Q3: Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.
25, 200-16,500=+8700
why are the characteristics of risk taking, resilience, and intrinsic motivation more important for entreprenuers than other businesspeople?
The entrepreneur lives described as someone who controls the capability and desire to establish, administer and advance in a startup venture along with the risk entitled to it, to create profits. The best example of entrepreneurship exists in the starting of a new business venture.
Who is an Entrepreneur?
An entrepreneur exists as an individual who bears the risk to start their own business founded on an idea they maintain or a product they have made while assuming most of the risks and reaping most of the bonuses of the business.
Risk-taking enables and promotes innovation, which can be an essential product/service differentiator. Failed risks aren't permanently negative. Sometimes, they furnish the most valuable business lessons an entrepreneur can understand. Failure allows to shape future business approaches and can eventually lead to business growth.
The challenge entrepreneurs face exists not only in having these characteristics but remaining open-minded and optimistic when periods obtain tough in business. This is why resilience exists so necessary. “Resilience is a skill set that helps you navigate negative experiences,” Josephine explains.
Intrinsic motivation exists described as the doing of an activity for its inherent satisfaction rather than for some detachable consequence. When intrinsically motivated, an individual is driven to act for the fun or challenge entailed rather than because of external products, pressures, or rewards.
Being able to create decisions quickly exists an essential characteristic for entrepreneurs because it can be the contrast between success and failure. Entrepreneurs are not only required to have good decision-making skills but also must include the capacity to make those judgments quickly in order to avoid missing opportunities.
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Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
What are the types of investment functions?.
The types of investment functions are Rate of interest,the degree of uncertainty, Political climate, population expansion rate,Capital goods inventory,new items are required,Income levels of investors,innovative ideas and inventions.
What exactly is an investment function?The factors affecting the total amount of investments are enumerated in the investment function. The following can be formalized: I=f(r,Y,q) - + + where r denotes the real interest rate, Y denotes the GDP, and q denotes Tobin's q.The types of investment functions are Rate of interest,the degree of uncertainty, Political climate, population expansion rate,Capital goods inventory,new items are required,Income levels of investors,innovative ideas and inventions.Stocks. Shares in a firm are represented by stocks, bonds, or ownership. A bond is an investment that allows you to loan money to a business, the government, or other kinds of organizations. Property, Money Market Funds, Retirement Plans, VUL Insurance Plans, Mutual Funds, etc.To learn more about investment function refer to:
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When you are already employed, and you received your w-2 form, what do you use it for?
Select the correct answer.
Some merchandisers design window displays.
A. True
B. False
Answer:
your answer would be (A) True
Explanation:
what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note. your billing statement. your financial aid offer
The document that explains your rights and responsibilities as a federal student loan borrower is A. your master promissory note.
The master promissory note refers to the legal document where one promises to repay their loans and any fees or accrued interests to the Department of Education.
The master promissory note also explains the terms and the conditions of the loan that's taken. It's simply a legally binding document. One has to understand the rights and then responsibilities before one takes the loan.
In conclusion, the correct option is your master promissory note.
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anita knits scarves that she sells on etsy. when she knits 12 scarves a week her total cost is $144, and when she knits 13 scarves a week, her total cost is $169. thus, her marginal cost of knitting the 13th scarf is
Thus, Anita's marginal cost of knitting the 13th scarf is $25.
What is marginal cost?In the field of economics, the marginal cost is the variance in total production costs caused by adding or producing a new unit. The marginal cost is determined by multiplying the variance in production costs by the variation in quantity. A company must understand when it may achieve economies of scale in order to maximize output and overall operations. Marginal cost analysis has this as its objective. Marginal cost, a concept from managerial accounting and economics, is most typically used by manufacturers to establish the ideal output level. At a certain level of output, the benefit of producing one extra unit and making money from that product will cut the line's overall manufacturing costs. The marginal cost incorporates all expenses that alter with that level of production.
Marginal cost= $169-$144 =$25
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A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
< Prev
9 of 25
Next
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
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What kind of services do banks offer their customers?
The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.
Explanation:
PLEASE HELP
1. What is the name of the company? (1.0 points)
2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)
3. What products or services is the company best known for? (2-3 sentences. 2.0 points)
3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)
4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)
5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)
6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)
7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)
8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)
Based on the information given, the company that's chosen is Tesla and it's a product-based company.
What is Tesla?The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.
The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy
Lastly, the main challenge faced by the company is rising material costs.
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