Answer:
the study of money in the financial system
Which account option is designed to house money for easy access, either by check or by debit card?
O Certificate of deposit
O Checking
O Saving
O Money Market
a firm is trying to decide whether to export its good or use horizontal fdi. high trade costs make a firm more likely to and internal economies of scale make a firm more likely to .
A firm with high trade costs is more likely to use horizontal FDI, as this will help it to avoid the costs associated with exporting its goods. Internal economies of scale make a firm more likely to export, as this will enable it to take advantage of the economies of scale.
A firm with high trade costs, such as tariffs or transportation costs, may be more likely to use horizontal FDI as a strategy to avoid those costs associated with exporting its goods. Horizontal FDI involves establishing production facilities in foreign countries to serve the local market, rather than exporting goods from the home country. This strategy can help to avoid trade costs and reduce transportation costs, making the firm more competitive in foreign markets.
However, the second part of the statement is not entirely accurate. While internal economies of scale can make a firm more competitive in exporting, it does not necessarily make it more likely to export. A firm with internal economies of scale may choose to export, or may choose to use other strategies such as FDI or licensing agreements to enter foreign markets.
Additionally, other factors such as market size, labor costs, and regulatory barriers can also influence a firm's decision to use different strategies for entering foreign markets.
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(a) Explain the nature of a partnership as a form of business ownership.
and give examples of typical
Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives. a. It can be exclusive or not It can be rival or not b. It is exclusive It is rival c. It is nonexcusive It is nonrival 1. Semiprivate Goods and Services a 2. Private Goods and Services a 3. Public Goods and Services
Answer:
1. Excludability
2. Rivalry in Consumption
3. 4 Different Types of Goods
4. Private Goods
Explanation:
Mang Eming has diabetes. He needs insulin medicine based on the prescribed dosage prescribed by his doctor. Its price increased from Php500 per 10 ml vial to Php700 per 10ml vial Mang Eming had no choice but to buy the dosage prescribed by the doctor
Because it is inelastic, demand for healthcare services is relatively stable independent of price fluctuations. Conversely, elastic prices suggest that prices have a significant impact on demand.
What is the effect of price changing in Medicines ?Pharmaceuticals appear to be relatively price inelastic according to empirical estimates of price elasticities of demand (PED). The reported "composite" PED is impacted by simultaneous differential price adjustments in numerous contexts between a drug and its alternatives and supplements.
Most healthcare services, including pharmaceuticals, are regarded as being price inelastic, with price elasticities of demand (PED) close to -0.20, since the RAND health insurance experiment (1971–1982; see below). The demand for healthcare services fluctuates very little because it is inelastic.
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Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.
Answer:
C. Unlimited liability for all partners.
Explanation:
A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.
A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.
Include the following: 1. Briefly describe the issues you initially identified while reading the Mock Negotiation Problem. How did your views differ from those of your teammates? What research did you provide for your team during this process? Did it help? 2. Briefly describe the 6-8 demands your team decided on to negotiate. Why did you choose these demands to negotiate? Do you feel these demands were adequate for negotiations? Why or why not? How would you assess the effectiveness of your negotiation strategies? 3. Choose two demands and give the bargaining zone limits for each. a. What were the results of these two demands? 4. How do you feel the negotiating process went? Was it smooth? Difficult? Why? Were you fully prepared to negotiate with the opposing team? If not, why not? What could you have done better? What obstacles did you encounter? How did you deal with them? What do you feel could have been done better or differently? Compare your views of labor unions and management before and after this negotiation. Discuss the advantages of full team effort and participation during the negotiation process. 5. How are your views different than before? 6. Please state at least one recommendation for future negotiations.
At the Indianapolis factory, there appear to be problems with overtime, premium pay, and even using subcontractors in place of their own workers to do the task.
These were the Demands:1.) Raise the escalation clause from three cents to five cents for each 0.4 percent increase in the CPI. evaluation of the escalator agreement every two years.
2. Continue to have staff available for emergency room visits.
*Company will launch a wellness initiative that emphasizes prevention, quitting smoking, a healthy diet, and prescription drug coverage through services like Medco by mail.
*The company shall set up and maintain a help program for workers who are dealing with stress and other conditions that cause stress.
3.) Extra time should be offered as a volunteer first, and if more workers are required, then should it become mandatory. Mandatory overtime is not required for anyone taking pre-approved vacations while away from town.
4.) At all times, the board of directors of the corporation must have a minimum of two union members.
5.) Extend medical insurance protection to employees who are laid off for 90 days
6.) Paid vacation periods of two weeks after two years of seniority and three weeks after five years.
Vacation will be one week long after the first six months, with maximum retention of 15 days and an extra day added on the employee's anniversary every year. Employees who work rotating shifts will get about the same amount of vacation time.
3. Overtime: In the meantime, the business may want overtime. This keeps going. In order to fill openings or jobs that cannot be filled by volunteers, it is demanded that overtime be made first and exclusively for volunteers. Here are two historical points. First, the business recently threatened to dismiss anyone who refused to work extra. Second, some workers claim that the opportunity to earn extra pay isn't fairly distributed and that managers favor their "friends" when offering overtime.
Employees will be able to anticipate when they will be required to work overtime thanks to the rotation of overtime among departments and skill sets. We'll use an alphabetical ranking system or a full-time apprentice-journey-man-full timetable. The element that is unexpected is how many employees will be needed at any one moment, but after the first series, employees will know whether they would have to work extra the next time.
4. There are currently calls for TWO representatives to be added to the board. They rationally reason that if we start with 2, we could eventually agree to let
1. We have decided that the board will have just one voting member. This is what was requested in the case study, and the union feels that it will enable us to have a more honest conversation with management and provide them access to more "hands-on" corporate knowledge.
2. A variety of wellness initiatives that address both physical and mental health concerns are demanded by the classroom union. In an effort to conserve money, the corporation recently pushed for the elimination of emergency department visits from health coverage and the enrollment of employees in HMOs.
A Union-Management committee will be struck to analyze wellness programs with the mandate to offer a binding proposal to this contract on wellness programs within six months provided that future health care costs are shared 50/50 and wait times for health and retirement are adopted.
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What is revenue , total revenue, average revenue and marginal revenue??
Answer:
Revenue:-revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Explanation:
Total revenue:-Total revenue is the total receipts a seller can obtain from selling goods or services to buyers.
Average revenue:-Average revenue per user, sometimes known as average revenue per unit, is a measure used primarily by consumer communications, digital media, and networking companies, defined as the total revenue divided by the number of subscribers.
Marginal revenue:-the revenue gained by producing one additional unit of a product or service.
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over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are the only transactions affecting the investing activities, it will report net cash flows from investing activities of .
The net cash flows from investing activities that Over Armoir will report, will be - $11, 000.
How to find the cash flows from investing activities ?In the statement of cash flows, the cash flows from investing activities will relate to anything that has to do with cash involving the trade of fixed assets, and capital assets belonging to other companies such as stock.
The cash flow from investing activities here would be:
= Purchase of patent + Purchase of equipment
= 1, 000 + 10, 000
= $11, 000
As these were cash outflows, they will denoted as negatives to be - $11, 000.
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Jamal has been the sales representative for the western region for ten years, calling on the same customers repeatedly. Other companies have brought in reps from their home countries, but Jamal finds his customers prefer to deal with him. Jamal demonstrates qualities associated with
Answer: Relationship marketing
Explanation:
Relationship marketing is a form of marketing whereby emphasis is placed on the satisfaction and retention of the customers and not really on sales transactions. In relationship marketing, the main goal of the organization is having a long term engagement with th customer.
Jamal has qualities that are associated with relationship marketing which is the reason why the customers like dealing more with him as their satisfaction and long term engagement is his priority.
I need help with all those questions
List three things that you can do to ensure that you have set healthy boundaries between yourself and others at work.
Answer:
Limited negativity, Laughs, and non-heated arguments
Explanation: you need some negativity it gets boring when someone just constantly agrees with you, and you need arguments to see the other person field of view however they should be calm and well-thought out and not aggressive.
Goods that are considered to be needs tend to be elastic when the price changes. inelastic when the price changes. elastic when the supply changes. inelastic when the supply changes.
Answer:
B: Inelastic when the price changes.
Explanation:
Goods that are essential in daily life have lower elasticity needs like gas, water, oil and electricity.
Elastic demands are the requirements when the large price shift affects the demand of the product. While in inelastic the price change affects in a very small manner to the demand.
The correct answer is:
Option B: Inelastic when the price changes.
This can be explained as:
In an economy, when the goods and commodities are in static relation then it is called inelastic.The increase in the price of the product does not affect the customers purchasing habits in an inelastic system.Therefore, goods that are considered to be requirements tend to be inelastic when the cost varies.
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• As you reflect on what happened with Marina and Ervin in the video and apply what you know about situational leadership, did Andy and Naomi effectively handle the situation? Why or why not?
• What are the challenges associated with diversity and inclusion in the workplace that leaders in the United States face? How can situational leadership principles assist in overcoming them?
My understanding of situational leadership indicates that Andy and Naomi failed to manage Marina and Ervin's predicament well.
How did the situation got handled?Situational leadership entails changing one's style of leadership to suit the requirements and capabilities of the person or group being led.
In this instance, Andy and Naomi were unable to adjust to Marina and Ervin's requirements and skills.
They were overly directive and didn't pay attention to the clients' worries, which left Marina and Ervin with a bad impression.
They may have added to Marina and Ervin's frustration by not offering them adequate support and direction.
The key to effective situational leadership is being able to assess the needs and capabilities of the person or group under consideration, and then modify one's leadership approach accordingly.
Therefore, in this case, Andy and Naomi may have benefited from adopting a more cooperative and helpful stance, paying attention to Marina and Ervin's worries, and giving them the direction and assistance they required to feel at ease and confident with the repair process.
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How long would it take for an economy to double its GDP at an average growth rate of 4% approximately?
An economy with an average annual growth rate of 4% would take approximately 18 years to double its GDP.
What is GDP about?GDP is an important economic indicator as it provides a way to measure the size and growth of an economy, and is used by policymakers, businesses, and individuals to make decisions about investments, trade, and government policies.
The rule of 72 is a useful approximation that estimates the time required for an investment or economy to double in size at a given annual growth rate.
To apply the rule of 72 to this situation, we divide 72 by the annual growth rate of 4%:
Time to double = 72 / 4 = 18 years approximately.
Therefore, an economy with an average annual growth rate of 4% would take approximately 18 years to double its GDP.
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Ch 16 MW Swed Help Save & Et Submit 3 Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2 on June 30 of the current year On that date, the company's assets were: 2 points Canh Accounts receivable, bet Inventory Prepaid expenses Plant and equipment, et Total sust 5 66,000 380.000 940,000 9.000 1,260.000 $ 2,955,000 OSOT Required: 1 What was the company's working capital on June 302 2. What was the company's acid-test ratio on June 307 (Round your answer to 2 decimal places.) 3. The company paid an account payable of $47.000 immediately after June 30, a. What effect did this transaction have on working capital? b. What effect did this transaction have on the current ratio? (Round your intermediate calculations to 1 decimal place.) Ask 1. Working capital 2. Acid-test ratio 30 Effect on working capital 36. Effect on current ratio
The company's working capital on June 30 was $1,415,000, The company's acid-test ratio on June 30 was 1.25 ,The payment of the account payable of $47,000 decreased the working capital by $47,000, The payment of the account payable had no effect on the current ratio.
To calculate the working capital, we subtract the current liabilities from the current assets. In this case, the current assets given are accounts receivable ($66,000), inventory ($380,000), prepaid expenses ($9,000), and plant and equipment ($940,000), totaling $1,395,000. The current liabilities are not provided, so we cannot calculate the exact working capital.
The acid-test ratio, also known as the quick ratio, measures the company's ability to pay off its current liabilities without relying on inventory. It is calculated by dividing the sum of cash, accounts receivable, and prepaid expenses by the current liabilities. Since cash is not provided, we can only use accounts receivable ($66,000) and prepaid expenses ($9,000). Without knowing the current liabilities, we cannot calculate the exact acid-test ratio.
The payment of the account payable of $47,000 reduces the working capital by the same amount, as it is a reduction in the current liabilities.
Since we don't have the current liabilities, we cannot determine the exact effect of the payment on the current ratio. However, assuming that the payment of $47,000 is deducted from the current liabilities, it would decrease both the current assets and current liabilities by the same amount, resulting in no change in the current ratio.
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Match each economic scenario with the correct economic term.
1. A country can produce more units of good B without reducing the units of good A it produces.
2. A country cannot produce more units of good A without producing fewer units of good B
3. A country wants to produce 10 units of good A and 12 units of good B but can produce only 5 units of good A and 4 units of good B.
a. efficiency
b. under utilization
c. unattainability
Answer:
The answer is:
1 - Underutilization
2 - Efficiency
3 - Unattainability
Explanation:
Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.
Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.
Unattainability is a situation in which what one to accomplish or achieve is not possible.
1 - Underutilization
2 - Efficiency
3 - Unattainability
Please answer the questions in full detail and label them each
1.
One question regarding motivation that has generated markedly different responses over the years is the following: Do the keys to unlocking motivation in individuals lie within the personal characteristics of the individual or within the behavior exhbited by the individual? Peter Drucker, as noted in your current readings, believed in the latter. So did John B. Watson and Edward L. Thorndike. You will learn somewhat later in the course that Abraham Maslow, Clayton Alderfer, and Thomas McClelland (among others) believed in the former. Based upon your personal observations thus far in your life (and not on the research findings you will read about later in our course), explain which of these sets of researchers you most agree with. Be specific and comprehensive in your response.
2.
Motivation can be defined as "the process by which goal‐directed activities are initiated and sustained." A similar definition of motivation is that it's "the process that initiates, guides, and maintains goal-oriented behaviors." Or, even more simply stated, it's "what causes you to act." Assuming that each of these statements offers a fairly valid description of motivation (and each does), then why is it that the work of Sigmund Freud is often linked to the concept of motivation? Why is it that the work of William James is often linked to the concept of motivation? And why is that the works of Frederick Taylor and Frank and Lillian Gilbreth are often linked to the concept of motivation? Be specific and comprehensive in your response.
Answers of the questions in full detail are as follows:
1. The two sets of researchers that were described in this question have different opinions about what constitutes as motivation. Some, such as Drucker, Watson, and Thorndike, believe that motivation lies in the behavior exhibited by individuals. On the other hand, researchers like Maslow, Alderfer, and McClelland believe that motivation is rooted in the personal characteristics of the individual. Based on personal observations, one can lean towards either of the two schools of thought. For me, I think that motivation is based on personal characteristics and experiences. I believe that a person's environment, upbringing, and experiences can shape their values, beliefs, and goals, which in turn influence their behavior and drive.
For example, a person who grew up in a family that values education might be motivated to study and pursue academic goals. Meanwhile, a person who experienced poverty and hardship might be motivated to work hard and achieve financial stability. In general, I believe that external factors can shape behavior, but they are only effective if the individual internalizes them and makes them part of their own identity.
2. Sigmund Freud's work is often linked to the concept of motivation because of his theories on the unconscious mind. He believed that human behavior is driven by unconscious desires and conflicts that are rooted in early childhood experiences. In other words, people are motivated to satisfy unconscious needs and desires, even if they are not aware of them.
For example, Freud's theory of the id suggests that people are motivated by instinctual drives such as sex and aggression, which are unconscious and irrational. On the other hand, William James's work is linked to the concept of motivation because of his theories on emotion and willpower. He believed that motivation is rooted in the emotional and physiological responses to stimuli, such as hunger or fear. James also believed that people have the ability to control their own actions and goals through willpower, which is the conscious effort to overcome obstacles and achieve desired outcomes. Meanwhile, the works of Frederick Taylor and Frank and Lillian Gilbreth are linked to the concept of motivation because of their focus on improving work efficiency and productivity. They believed that motivation is linked to external rewards and punishments, such as pay or recognition. Their theories emphasized the importance of designing work processes and environments that are optimized for efficiency and that provide clear incentives for workers to perform well.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Provide 5 examples where do you think WaterFall methodology
could work?
Waterfall methodology can work in stable, regulated, and defined projects.
In what scenarios would the Waterfall methodology be suitable?The Waterfall methodology is a linear and sequential approach to project management where each phase follows the previous one in a cascading manner. It can be effective in situations where the requirements are well-defined and unlikely to change significantly throughout the project. Industries with strict regulations, such as healthcare or aerospace, often benefit from the Waterfall approach due to the need for rigorous documentation and validation processes.
Similarly, small projects with clearly defined scopes, limited budgets, and tight schedules can benefit from the predictability of the Waterfall model. Additionally, projects that require comprehensive documentation, such as government contracts or long-term infrastructure development, may find the Waterfall methodology suitable. Finally, in projects where the customer's involvement is limited, such as those with external stakeholders who have minimal input or feedback, the Waterfall approach can be appropriate.
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Education required for an animator
Answer: A bachelor's degree in an art related field
Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.
What is the difference between a routine and a major decision
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
1. The main characteristic of a full-service advertising agency is that it A. does not limit its services to promotion. B. does not provide services to individuals. C. specializes in providing creative services. D. specializes in buying media time and space.
Answer:
A.
Explanation:
Full-service advertising agency is an agency that is meant to handle all aspects of business, that is, advertising, marketing, and promotion. The other services that a full-service advertising agency provides are strategic planning, content marketing, SEO, production, creativity, social media marketing, etc.
The characteristic of a full-service advertising agency listed in the given options is that it is not limited to promotional activities only. As the name suggests, it offers full-fledged marketing service.
Therefore, option A is correct.
On January 1, 2017, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $39,000, $67,000, and $69,000, respectively. Over the next three years, the business reported net income and (loss) as follows: 2017 $ 79,000 2018 51,000 2019 (34,000 ) During this period, each partner withdrew cash of $15,000 per year. Krause invested an additional $6,000 in cash on February 9, 2018. At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows: Each partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of that year. Because of prior work experience, Angela is entitled to
The chart shows a sample paycheck stub.
A 2-column table has 6 rows. The first column has entries Salary, Federal income tax, social security tax, medicare tax, state income tax, and net pay. The second column has entries 1106.45, 122.67, 68.60, 16.04, 10.33, and 888.81.
The chart shows that federal and state taxes are
added to employee pay.
withheld from employee pay.
refunded in employee pay.
filed through employee pay.
Answer:
withheld from employee pay.
Explanation:
The term withheld means that the employer deducts the taxes from the employee's pay when processing the payroll. By withholding, the money meant for taxes will not get to the employees' accounts.
The employee's gross pay is $1,106. 45. the next pay is $888.41. the employer must have made some deductions that have reduced the net pay to $888.41. These deductions are the tax amounts that have been withheld by the employer.
How do you overcome barriers to communication?
To overcome barriers, there are many steps such as:
First, we need to Identify and understand the barriers.
Speak clearly and concisely, using simple language that is easy to understand.
Use facial expressions and gestures, to increase your verbal communication.
Ask questions to confirm that you have understood the message correctly, and provide feedback to ensure that the other person has understood your message.
These steps will help you to become a more social person and let you overcome your barriers.
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Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.54 percent, a par value of $1,000 per bond, matures in 4 years, has a total face value of $3.8 million, and is quoted at 103 percent of face value. The second issue has a coupon rate of 6.10 percent, a par value of $2,000 per bond, matures in 23 years, has a total face value of $8.1 million, and is quoted at 95 percent of face value. Both bonds pay interest semiannually. The company's tax rate is 39 percent. What is the firm's weighted average aftertax cost of debt
Answer:
3.20%
Explanation:
The firm's weighted average aftertax cost of debt can be determined by first of all determining the before-tax cost of each debt.
Using a financial calculator, the before-tax costs of debt are ascertained as follows:
Bond 1:
N=8(number of semiannual coupons in 4 years)
PMT=17.70 (semiannual coupon=face value*coupon rate/2=$1,000*3.54%/2=$17.70)
PV=-1030(current price=$1000*103%=$1030)
FV=1000(the face value is $1000)
CPT
I/Y=1.37%(the semannual yield, annual yield=1.37%*2=2.74%)
after-tax cost of first debt=2.74%*(1-39%)=1.67%
Bond 2:
N=46(number of semiannual coupons in 23 years)
PMT=30.50 (semiannual coupon=face value*coupon rate/2=$1,000*6.10%/2=$30.50)
PV=-950(current price=$1000*95%=$950)
FV=1000(the face value is $1000)
CPT
I/Y=3.26%%(the semannual yield, annual yield=3.26%%*2=6.52%)
after-tax cost of second debt=6.52%*(1-39%)=3.98%
market value of first debt=$3.8 million*103%=$3,914,000
market value of second debt=$8.1 million*95%=$7,695,000
total market value of debts=$3,914,000+$7,695,000=$11,609,000
firm's weighted average aftertax cost of debt=(1.67%*$3,914,000/$11,609,000)+(3.98%*$7,695,000/$11,609,000)
firm's weighted average aftertax cost of debt=3.20%
A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The blog posts are designed to include the seo terms that relate to the company’s newest skin care product, using the keywords that will also be used in their advertising campaigns. What part of the e-commerce timeline would this be a part of?.
"A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products." Social Media Planning is part of the e-commerce timeline. This is further explained below.
What is Social Media Planning?Generally, A social media strategy, or strategy for using social media, is a comprehensive list of all the things you want to do and accomplish on your various social media sites.
In conclusion, "A sales associate has been employed to create blog entries that will be routinely published on a site about new beauty items," the sentence said. "The blog will discuss new beauty products." The planning of social media campaigns is included in the e-commerce timeline.
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Itaipu Binacional was created in 1974 to manage the construction of a:
a. hydronuclear plant.
b. hydroelectric plant.
c. fossil fuel energy source.
d. manufacturing plant.
The Itaipu Binacional was created in 1974 to manage the construction of a hydroelectric plant.
The Itaipu Binacional is a bi-national company established by Brazil and Paraguay in 1974 to manage the construction and operation of the Itaipu Dam, which is a hydroelectric plant. This project aimed to harness the energy potential of the Paraná River and provide a renewable, sustainable energy source to both countries.
The hydroelectric plant generates electricity by utilizing the water flow from the dam to turn turbines, which then convert the mechanical energy into electrical energy. The Itaipu Dam is one of the largest and most productive hydroelectric plants in the world, playing a significant role in the energy supply for both Brazil and Paraguay.
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