As discussed in the text, a main purpose of the statute of frauds is to prevent unreliable oral evidence from interfering with a contractual relationship.
The term "statute of frauds" comes, as so many American laws do, from England. An Act of the Parliament of England titled An Act for the Prevention of Frauds and Perjuries required that certain agreements be in writing in order to avoid the possibility of fraud and perjured testimony at trials involving these transactions. The goal is to prevent fraud and other harm. Contracts involving the sale or transfer of land, as well as contracts that cannot be completed within one year.
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Which of the following statements about the master budget is not true?
-it is a series of budgets
-the first budget is the production budget
-merchandising firms have a purchases budget
-manufacturing firms have budgets for material, labor, and overhead.
-one of the last budgets is the cash budget.
The statement that perhaps the original budget is indeed the manufacturing budget is false.
What is the short definition of a budget?A budget is a financial plan that anticipates future income and expenses. Simply said, a budget projects future spending, savings, as well as projected income and costs. A budget is, to put it simply, a bill that takes into account both current and upcoming sources of revenue plus expenses.
What are the three different sorts of budgets?The three different types of budgets include cash flow, budget deficit, and deficit financial plans. A disclosure accounting that outlines revenue and expenses for a specific year is the state budget. By guaranteeing that you don't spend more of it than you make, a consumption means you to plan for both immediate and long-term needs.
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the environmental catastrophe of the great depression was partly the result of agricultural mismanagement. which of the following was the most consequential example of this mismanagement?
The environmental catastrophe of the great depression was partly the result of agricultural mismanagement.
The agricultural mismanagements leads to destruction of land productivity, demineralization of the soil, Inadequate animal. In the mismanagement, inadequate feeding of animals unsanitary and inhumane food animal conditions.
Environment mismanagements arising due to infectious diseases, pollution like water etc and land degradation due to human purposes.
The most consequential example of this mismanagement is Farmers plowed up natural ground cover to grow more crops, cover that had taken ages to form in the relatively dry sates of the Plains. This is the the environmental catastrophe of the great depression was partly the result of agricultural mismanagement.
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tanner company has old equipment with a book value of $177,000 and a remaining five-year useful life. tanner is considering purchasing new equipment at a price of $234,000. tanner can sell the old equipment now for $156,000. the old equipment has variable manufacturing costs of $84,000 per year. the new equipment will reduce variable manufacturing costs by $35,000 per year over its five-year useful life. the total increase or decrease in net income by replacing the old equipment with the new equipment is:
The total increase or decrease that would be seen in the net income, by replacing the old equipment with the new, is $ 97, 000
How to find the change in net income ?When the new equipment is put into use and depreciation expense starts, it will have an impact on the income statement and profit and loss statement for the company. The cost will lower the company's earnings (net income, earnings). The profits recorded on the income statement may also be impacted by extra revenues, expenses, and potentially cost savings.
The impact on the company's earnings in the first accounting year may be little compared to the cost of the equipment because depreciation spreads the machine's cost to depreciation expenditure throughout the life of the machine.
The increase or decrease in net income from replacing the old equipment with a new one can be found by the formula :
= Decrease in variable cost x number of years - Purchasing cost
= ( 35, 000 x 5 ) - ( 234, 000 - 156, 000 )
= 175, 000 - 78, 000
= $ 97, 000
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A cost is determined for each period, based on when the activities that make up the work package are scheduled to be performed, to create...
a. the time-phased budget.
b. an example budget.
c. an adjusted budget
d. the actual costs of the project.
Based on the times that the tasks that make up the work package are planned to be completed, a cost is calculated for each period and is stated below.
What is the blank's answer?The time-phased budget is created by calculating a cost for each period based on the times that the tasks that comprise the work package are expected to be finished.
What does time-phased budget mean?You can plan where to spend money in the months of the project's active fiscal cycle using a time-phased budget. To plan out your budget cost per cost item, you should be able to time phase your budget. Your spending is being distributed throughout the project for each cost item.
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In a supply and demand chart for a public good, which of the following equates to a marginal-benefit curve?
In a supply and demand chart for a public good willingness to pay the curve equates to a marginal-benefit curve.
What is the marginal benefit curve?
The marginal benefit curve is a graphical representation of the additional benefits derived from consuming one additional unit of a good or service. This curve is used to measure the consumer’s willingness to pay for a good or service. The marginal benefit of a good or service is the maximum amount the consumer is willing to pay for one additional unit of the goods or service. The marginal benefit curve is downward sloping, as the consumer’s willingness to pay for a good or service typically declines as more units are consumed.
The market demand curve for public goods gives the price society is willing to pay for a given quantity which shows how much an individual is willing to pay for the goods or service in different quantities. It is equal to the marginal benefit curve. It provides the marginal benefit of an additional unit of the goods to the consumer, which is then reflected on the supply and demand chart.
Therefore, the marginal-benefit curve of a public good is equal to the willingness to pay the curve.
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gary is writing about targeting in his marketing plan, and states that empty nesters are an important segment for his company. his company probably has to do with which of the following?
gary is writing about focused on in his advertising and marketing plan, and states that empty nesters are an vital section for his company. his corporation probable has to do with consider overall performance the use of advertising metrics.
What is in a advertising and marketing plan?The advertising and marketing layout small print the strategy that a organisation will use to market its products to customers. The design identifies the target market, the fee proposition of the manufacturer or the product, the campaigns to be initiated, and the metrics to be used to check the effectiveness of marketing initiatives.
What is the predominant center of attention of a advertising plan?The reason of a advertising graph is to make certain that advertising things to do are relevant and timely to attain an organization's objectives. It's a layout defining a sustainable aggressive function and defining the assets crucial to obtain it.
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Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.
Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.
NFTs, or non-fungible tokens, are blockchain-based tokens that individually represent a special asset like a work of art
What is an NFT and why is it worth money?In the digital world, NFTs are "one-of-a-kind" assets that may be purchased and sold just like any other item of property, but they lack a physical form of their own. The digital tokens can be viewed as ownership documents for tangible or digital assets.NFTs, or non-fungible tokens, are blockchain-based tokens that individually represent a special asset like a work of art, a piece of digital material, or other media. A digital or physical asset, whether it be digital or tangible, can be considered of as having an NFT as an irrevocable certificate of ownership and authenticity.To learn more about NFT refer,
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Thoroughly explain the concept, causes, blessings and curses of globalization.
Globalization serves as the growing interdependence of the world's economies, cultures, as well as populations, which can be influenced through the cross-border trade in goods and services, as well as the flows of investment, people, and information.
The causes of globalisation are:
Improved transportImproved technology which makes it easier to communicate and share information around the world.Growth of multinational companies with a global presenceThe economic activities that aids globalizationare:
international trade; foreign direct investment;capital market flows migration (movement of labor)diffusion of technologyThe blessings of globalization can be felt in the businesses the opportunity that expand into new markets, as well as reaching international buyers, and increase revenue.
What is Globalization ?Globalization serves as the way the trade and technology have made the world into a more connected and interdependent place however it help to captures in its scope the economic and social changes that have come about as a result.
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True or False: in order to determine the probability of timely project completion, it is sometimes necessary to take into account paths other than the critical path.
True, It is occasionally important to include account paths different from the critical path when calculating the likelihood of timely project completion.
The accounting pathway is what?The accounting career path covers jobs that document, categorize, condense, evaluate, and convey financial data and contractual arrangements for decision made. comprises bookkeeping, system design, accounting data analysis, and interpretation.
Do accountants receive good pay?In conclusion, the typical salary for a career path is $70,000 to $130,000 per year, with a 6% job annual growth by 2030. Accountants career wages can range from $40,000 to $120,000 per year depending on schooling, certification, firm location, and notably decades of experience.
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which of the following are common crm metrics? group of answer choices sales metrics customer service metrics marketing metrics all of these choices are correct.
Customer service is the common CRM metrics from the given following. As sales are completed, it might give context.
CRM metrics are important data elements that you should recognise and monitor while keeping your business objectives in mind. You might have numerous significant metrics you've established and wish to highlight to inspire your staff and assist explain your business's overall aims, depending on the state of your company and its general objectives. Workforce, strategy, processes, and technology are the four main pillars that support a successful CRM implementation. Each of these factors must be taken into account while designing any CRM process because, if they are, a CRM installation could fail. CRM software used correctly can increase revenue and customer engagement. By identifying crucial KPIs, you can grow your customer base, boost revenue, and improve your company's success.
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Callan Patel is in the 24 percent tax bracket. A non-taxable employee benefit with a value of $500 would have a tax-equivalent value of approximately: Group of answer choices $658. $528. $500. $360. $140.
The tax rate for Callan Patel is 24%. An employee perk that is not taxable and has a value of $500 would be worth roughly: $658 for a selection of responses.
Which of the following statements most accurately sums up the usage of employee perks in tax preparation?According to the Income Tax Act, employers may give employees fringe benefits that are not taxable advantages.
Which taxable fringe benefits are most prevalent?a.Gains from non-statutory stock option exercise
b.Taxable earnings from restricted stock issuance or vesting
c.the phone provided by the employer
d.Gym subscriptions
e.The vehicle provided by the employer or a car lease
f.Housing stipend
g.Shifting costs
Which nontaxable fringe perks are most prevalent?a.adoption support
b.Disability protection
c.Assistance with education
d.stock options for employees
f.Group term life insurance
g.medical savings accounts
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perform work on a warranty claim 2. pay income taxes 3. purchase supplies 4. pay payroll taxes 5. borrow money for operations using a short-term note 6. process cash received in advance from customers 7. purchase inventory 8. pay employee salaries
Our federal, state, and local governments depend on the money we pay in taxes to run smoothly and deliver essential services.
By "income tax," what do you mean?
Income taxes must be paid by both individuals and enterprises (or family units). Individual income taxes are computed based on the income received. It is sometimes referred to as a direct tax because the burden is placed on the person's operating costs. Activities; ongoing obligations
1.Work on a warranty claim and pay accrued warranties.
2. Pay Income Taxes That Have Accrued But Are Still Owed
3.Long-Term Notes Payable for Purchased Supplies
4.Pay Accrued Payroll Taxes and Payable Payroll Taxes
5.Borrow funds from an operation Notes due - Short Term
6. Handle money from consumers who paid in advance Unearned Revenue
7.Buy inventory Account Payable
8.Pay the salary of the employees who have accrued owed salaries
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cause marketing is when a visual merchandiser uses theatrical fantasy in their window display to create drama.
Displaying products inside a classic store window is a highly organized form of theatrical retail staging.
What distinguishes window display from visual merchandising?The role of a visual merchandiser goes beyond window dressing. Visual merchandising arranges the design at a clothes store such that customers want to make purchases. Simply getting a potential consumer into the store is all that the window display merchandiser needs to do.
What does visual merchandising mean by display?Display * is the term used to describe the aesthetic and visual elements of displaying a product to a target market of consumers. Contrarily, visual merchandising covers all aspects of the corporate environment that are artistic and visually appealing. display. The presentation's artistic and visual components.
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closed-loop supply chains are:multiple choiceare a strategic, cross-functional initiative.are a strategic, cross-functional initiative and require the cooperation of suppliers.are a strategic, cross-functional initiative, require the cooperation of suppliers and require reverse logistics capabilities.
Note that closed-loop supply chains are: " a strategic, cross-functional initiative, require the cooperation of suppliers and require reverse logistics capabilities." (Option D)
Why are closed-loop supply chains important?A closed-loop supply chain may assist a company in becoming more environmentally friendly by cutting manufacturing costs, reducing waste, improving service delivery, increasing customer loyalty, and minimizing environmental pollution.
Modern supply chains assist to raise living standards by allowing people to purchase necessary goods at cheaper prices. This is due to the fact that an efficient supply chain speeds the process of bringing items to market and, eventually, to customers.
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criminal justice agencies can use/operate systems that process fbi cji data via internet, wireless or dial-up connection without the approval of the cjis systems agency (csa).
The criminal justice agencies can use/operate systems that process FBI cji data via internet, wireless or dial-up connection without the approval of the cjis systems agency (CSA) are the main focuses to the national security on the taking to the system.
What is internet?
The word “internet” is also referred to as “net.” The global system of networks known as the Internet. Online services offered via the Internet include social media, email, and others.
The FBI's method to the data on the internet censorship defining the actions that must be taken in the occurrence of a security issue is the criminal justice agencies. The Criminal Justice Information System (CJIS) provides police departments, national defense, and intelligence services partners with the access to the data they need to safeguard the United States.
As a result, the criminal justice agencies on the recorded the taking to the system.
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Understanding consumers in marketing is considered so important that a whole area ofmarketing called. emerged
Understanding consumers in marketing is considered so important that a whole area of marketing called as Consumer Behaviour.
What does Consumer Behaviour means?
Consumer behavior is the study of how individuals, groups, and organizations make decisions about what products and services to buy, use, and discard. It takes into account the influences, motivations, and decisions of people who buy products or services. Marketing, advertising, branding, product design, pricing, sales, distribution, consumer psychology, and consumer culture are all covered.
What does Services mean?
The term "services" refers to work done for others, usually for a fee. Services can range from the provision of a product to the provision of a consultation. Accounting, web design, cleaning, personal training, and legal advice are some examples of services.
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Answer the question using the accompanying cost ratios for two products, fish (F) and chicken (C). In countries Singsong and Harmony. Assume that production occurs under conditions of constant costs and that these are the only two nations in the world Singsong: 1F = 20 Harmony. 1F -40 1:42 In Singsong the domestic real cost of each chicken Multiple Choice is fish is 2 increases with the level of fish caught decreases with the level of fish caught
Each chicken costs half a fish in Singsong, according to domestic prices.
What is global commerce?
Economic exchanges between nations are referred to as international trade. Consumer products, such as televisions and apparel, as well as capital goods, like machinery, raw materials, and food are among the commodities that are frequently traded. Other transactions involve services, like payments for travel and foreign patents. International financial payments, which are made between trading nations' central banks and the private banking sector, facilitate the transactions of international trade. The three categories of international trade are export, import, and entrepreneurial trade. Trade exports. When products made in one nation are bought by citizens of another, this is known as export commerce.
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According to local rates, a chicken in Singsong costs half as much as a fish.
What is international trade?International trade is the term used to describe international economic transactions. Among the commodities that are often exchanged are consumer goods like televisions and clothing as well as capital goods like machinery, raw materials, and food.
Services are involved in other transactions, such as payments for travel and foreign patents. The transactions of international trade are facilitated by international financial payments, which are made between the central banks of trading nations and the private banking sector. Export, import, and entrepreneurial trade are the three types of international trade. exports for trade. Export trade is the buying and selling of goods created in one country by residents of another.
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martine wants to sell her products in europe, since they are doing well in the united states. she does not have a lot of capital and is risk-averse, so she most likely would choose to begin withSelect one:
a. direct investment in another country.
b. exporting her products.
c. a strategic alliance with another company.
d. a joint venture with a local firm.
e. opening a franchise.
Answer: B. Exporting is the least financially risky global entry strategy, so Mary most likely would choose this route.
Martine wants to sell her products in Europe, since they are doing well in the United States. She does not have a lot of capital and is risk-averse, so she most likely would choose to begin with exporting her products.
The exporting is the selling of goods and services from one nation to another nation for the demanded goods and services. Exporting is the lowest financially risky in the global strategy. This can do Martine for sell her products,
To sell the products or goods on risk without having lots of finance or money is the part of business risk management. It may be the chance to successful to sell the products and increase revenue.
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select the data tab. check that staghorn coral, star coral, sponges, and algae are selected. populations are given as a percentage of normal populations. what do you notice about these populations?
Increased storm frequency particularly damaged the staghorn coral. I believe this is the case because of the tree's delicate limbs, which are easily broken off by storms that are this intense.
What do you mean by Data?Data is information that has been transformed into a format that is useful for transfer or processing in computing.
Coral bleaching may occur as a result of warmer water temperatures. Corals will eject the algae (zooxanthellae) dwelling in their tissues if the water is too warm, which will turn the coral entirely white. The term for this is coral bleaching.
Ocean warming is the biggest threat to staghorn coral because it causes the corals to release the algae that are a source of sustenance and live in their tissue, usually leading to their demise.
Therefore, The staghorn coral was notably hurt by an increase in storm frequency. The tree's thin limbs, which are easily broken off by storms this severe, lead me to suspect that this is the case.
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How do private property rights have a role in the market economy?
A
B
C
D
They act as an incentive to make people want to work.
There is no relationship between private property rights and the market economy.
They act as a way to outsource employment.
Both B and C.
g when people are in financial difficulty an advisor will usually recommend establishing a budget for spending. one reason is that a budget will act to discipline behavior if people psychologically are subject to . question 13 options: bounded rationality mental accounts segregated gains the halo effect
The subject of behavioral finance is concerned with how psychological factors can influence market results.
The theory behind behavioral finance, a branch of behavioral economics, is that investors' and financial professionals' financial decisions are influenced by psychological factors and biases. Additionally, biases and influences may be the reason behind any kind of market anomaly, but particularly stock market anomalies like sharp price increases or decreases. The Securities and Exchange Commission has personnel dedicated to behavioural finance because it plays such a significant role in investing.
Analysis of behavioral finance can be used to comprehend various outcomes in a range of sectors and companies.
The impact of psychological biases is one of the major facets of behavioral finance studies.
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A/An ________ is a location column that receives information about all possible orientations within a given area of the retina.
a. supercolumn
c. hypercolumn
b. orientation
d. action
A/An hypercolumn is a location column that receives information about all possible orientations within a given area of the retina.
Which structure has cells that react to familiar faces the best?The temporal lobe, which includes both cortical and subcortical components, showed larger responses to known faces than to new ones . Additional frontal lobe foci were found, along with one cluster in the posterior cingulate gyrus.
What kind of neuron, which is present in the eye, most likely controls vision?Photoreceptors Rods and cones are the two primary categories of light-sensitive cells in the eye. Cones are in charge of color vision, while rods enable seeing in low light. Light is converted by photoreceptors into electrical signals that are transmitted to the optic nerve via additional retinal neurons.
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True/ False. 1.A profit maximizing monopolist facing no entry threat will operate on the elastic portion of the market demand curve.
For the monopoly, producing at the level where marginal income and marginal cost are equal will maximize profits.
What does "profit" mean?Your profits are the funds that remains after all business expenses have been covered. Profit margin, total income, and net profit are the three primary types of profit. The highest profit is the gross profit. After paying for these purchases of goods and services, the remaining amount is displayed.
What does the term "profit" mean?What is gain? The monetary reward a business has when revenue exceeds costs and expenses is frequently referred to as profit. One cup of lemonade, for instance, costs a child at a raspberry syrup stand one quarter. She then charges $2 for the beverage. She made money from the cup of lemonade.
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tried to bring the excessive supply of bank notes under control by adopting a tight money policy that touched off the panic of 1819.
To Jackson's supporters, the presidential veto of the bank bill was a principled assault on a bastion of wealth and special privilege.
What does a bank do, and why?Despite the fact that banks do a variety of tasks, their main function is to gather deposits from individuals who have money, put them in a pool, and then lend the money to others who need it. Banks act as go-betweens for depositors (who lend funds to the bank) and borrowers (to whom the bank lends money).
Why is it known as a bank?The word "bank" derives from the Italian word "banco," which means "a bench," since Italian merchants negotiated agreements to lend and borrow money next to benches during the Renaissance. They positioned the cash on the bench. Since the dawn of time, simple financial records have existed.
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the risk-return trade-off in managing a firm's working capital involves which of the following? group of answer choices a trade-off between liquidity and activity none of the above a trade-off between debt and equity a trade-off between the firm's liquidity and its profitability
So coping with running capital includes a trade-off among the company's liquidity and its profitability.
The required details for liquidity in given paragraph
Marketplace liquidity is a marketplace's function wherein an character or company can speedy buy or promote an asset with out inflicting a drastic alternate within side the asset's rate. Liquidity includes the trade-off among the rate at which an asset may be offered, and the way speedy it is able to be offered. In a liquid marketplace, the trade-off is mild: you'll be able to promote speedy while not having to just accept a notably decrease rate. In a noticeably liquid marketplace, an asset need to be discounted in an effort to promote speedy. Money, or cash, is the maximum liquid asset due to the fact it is able to be exchanged for items and services right away at face value.
A liquid asset has a few or all the following features: It may be offered rapidly, with minimum lack of value, every time inside marketplace hours. The important function of a liquid marketplace is that there are usually prepared and inclined shoppers and sellers.
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the purpose of the supply chain management is to synchronize a firm's processes with those of it's suppliers and customers. True.
The purpose of the supply chain management is to synchronize a firm's processes with those of it's suppliers and customers, it is True.
The supply chain management is a management in which the handling of the entire production flow of a product and service which is starting from the raw materials to the final product to the consumer.
The supply chain include from the raw materials, production, packaging, delivering to the stores, and selling to the consumers.
The advantage of supply chain management is giving organization the fast, reliable and regular connection to all corners of the globe. The purpose of the supply chain management is to synchronize a firm's processes with those of it's suppliers and customers.
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the sales quantity variance is the same as the sales activity variance on a flexible budget performance report. TRUE OR FALSE
False. The sales quantity variance and the sales activity variance are two different variances that are calculated and reported on a flexible budget performance report.
What is meant by the sales quantity variance?The sales quantity variance is the difference between the budgeted sales volume for a given period and the actual sales volume for that period, multiplied by the budgeted contribution margin per unit. This variance measures the impact on profit of selling more or fewer units than expected.
What is meant by sales activity variance?The sales activity variance, on the other hand, is the difference between the budgeted profit for a given period and the actual profit for that period, after taking into account the impact of the sales quantity variance. The sales activity variance measures the impact on profit of changes in sales mix, price, and efficiency.
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A company with $500,000 in operating assets is considering the purchase of a machine that costs $60,000 and which is expected to reduce operating costs by $15,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): A) 0.25 years B) 8.3 years C) 4 years D) 33.3 years
The payback period for this machine is 4 years. The correct option is C. The time it takes to recoup the cost of an investment is referred to as the payback period.
What are the payback period and IRR?The payback period establishes how long it will take a business to generate enough cash flow to recoup its initial investment. The expected return on a project is measured by its internal rate of return; a good project is one in which the rate exceeds the cost of capital.
Given
Cost of Purchase = $60,000
Reduce operating cost = $15,000 per year
Required to calculate = payback period for this machine =?
Payback period = 15,000 x 4 = $60,000 which is equal to or near $60,000.
It is simply the amount of time it takes an investment to break even. The payback period is crucial because people and businesses invest money primarily to be reimbursed. The payback period for this machine is 4 years.
Thus, the ideal selection is option C.
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at the closing, the buyer will be credited for a number of costs that have been paid up-front (or will be paid after closing) as well as a number of prorated expenses that account for the period of time during which the seller occupied the house. all of the following items detailed in the closing costs involve credits that are commonly passed on to the buyer except:
In the closing costs involve credits that are commonly passed on to the buyer except: hazard insurance premiums.
What do you mean by hazard insurance premiums?
When you pay for hazard insurance with a portion of your mortgage payment, you're probably using an escrow account to pay for your homeowners insurance. In other words, your lender is paying your insurance on your behalf by collecting the money you owe.PMI and hazard insurance are not the same things even though they are both types of insurance. Private mortgage insurance, or PMI, is something to keep in mind. In the event that a borrower is unable to continue making mortgage payments, it safeguards lenders. Hazard insurance (covered by a homeowner's insurance policy) and PMI are paid for by the borrower.To know more about Insurance here
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!!NEED HELP ASAP!!
Michael Anthony is purchasing a $15 cake for his mothers birthday.
1. should he use his debit card or credit card?
2. using your answer to part 1, provide two reasons that support your choice.
As Michael Anthony is purchasing a $15 cake for his mothers birthday:
he can use a debit card to purchase the cake if he had $15 or more than in his checking account.he can use a credit card to purchase the cake if his credit service is available.What is difference between debit card or credit card?Basically, a debit card will only uses funds from your bank account while a credit card is linked to a credit line that can be paid back later mostly with an interest fee.
The difference is also that debit cards are linked to a bank account and draw directly from those moneys while credit card does not draw any money immediately and must be paid back in the future.
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