sox corporation purchased a 40% interest in hack corporation for $1,500,000 on january 1, 2024. on november 1, 2024, hack declared and paid $1 million in dividends. on december 31, hack reported a net loss of $6 million for the year. what amount of loss should sox report on its income statement for 2024 relative to its investment in hack?

Answers

Answer 1

Sox should report a $2.4 million loss on its income statement for 2024 relative to its investment in Hack. This is because the 40% share of Hack's dividend that Sox received, $400,000, must be deducted from their initial investment of $1.5 million.

Additionally, due to their 40% interest, Sox must also deduct 40% of the reported net loss of $6 million, amounting to a further $2.4 million. Therefore, the total loss that Sox should report on its income statement for 2024 relative to its investment in Hack is $2.4 million.

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Related Questions

typically result(s) in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving. a. financial slack b. private synergy c. high compensation d. friendly acquisitions

Answers

Friendly Acquisition is typically result in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving.

Option D is correct.

What is good Acquisition ?

Good acquisitions share value creation on both the buy side and the sell side. Added value can be measured through organizational and cultural change. For example, a hardware company buys a startup and equips its business with a new software lens.

What is an acquisition strategy?

The Acquisition Strategy identifies the acquisition approach and key assumptions and the business, technical, product support, security, and supportability strategies that the PM will employ to manage program risks and achieve program objectives.  A comprehensive and integrated plan that describes the strategy.

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In some industries, not showing up for work
simply means certain tasks aren't completed,
but in a professional food service environment,
not showing up for work can mean the
difference between a working kitchen and
what kind of kitchen?
(1 point)

Answers

Not showing up for work in a professional food service environment can mean the difference between a functioning kitchen and a kitchen that is in chaos.

What do you mean by Professionalism?

Professionalism is the conduct, behavior, and attitude of a professional. It encompasses the standards of personal and business ethics, dress code, communication, and work ethic that an individual presents in the workplace. Professionalism also includes the ability to adapt to different situations, provide quality customer service, and maintain a positive attitude.

Not showing up for work cause delays in preparation, long wait times for customers, and a general decrease in quality as well as quantity. It can lead to employee frustration and customer dissatisfaction. Furthermore, if there is a lack of staff, the remaining staff may become overwhelmed, leading to potential safety hazards and risks.

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Answer:

a. one that cannot function

Explanation:

what are two examples of economic forces within a company's general environment? multiple select question. marijuana legalization the unemployment rate bank interest rates hurricane katrina

Answers

The correct option is B and C. The two examples of economic forces within a company's general environment of The unemployment rate and bank interest rates.

financial forces are factors that include monetary and monetary policies, hobby charges, employment, inflation fee, demographic adjustments, political changes, electricity, security, and natural disasters. All of these have a right-away effect on how corporations produce and distribute their services or products.

Those elements decide a business enterprise’s volume of calls for its product and affect its advertising techniques and activities. The monetary device is made of 3 fundamental steps. the primary one being manufacturing and then there's a distribution of the produced items and then the closing step is the consumption of the identical. Now all that is viable because of two factors- Human useful resources and herbal resources.

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describe the options that you have if the goods that you receive as a buyer are nonconforming to the goods described within a written sales contract?

Answers

Nonconforming goods are delivered that don't satisfy the specifications (quantities and qualities) of the requested goods defined in a purchase contract.

What are the remedies available to a buyer?

1. Lawsuit for Damages for Non-Delivery - If the seller wilfully fails or declines to deliver the products to the buyer, the buyer may bring a lawsuit for damages for non-delivery. Additionally, in the event of non-delivery, the buyer has the right to get their money back, if they have already paid the price.

2. Lawsuit for price - In the event that the buyer has already paid the price but the items are not delivered to him, he may sue to reclaim the money.

3. Suit for specific performance - When the goods are specified or determinable, the buyer may bring legal action against the seller to require him to fulfil the same goods as agreed upon under the terms of the contract. Only in cases where the products are specific or known, does the court issue orders for specific performance and damages.

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net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit.T/F

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This statement is False. Net marketing contribution does not reveal what is left after the manufacture of product and sale of the product to cover marketing, fixed costs and profit. It is a measure of the profit of a product or service from the marketing perspective.

It can be calculated by subtracting all the marketing costs from the total income generated by the product or service. It is a key measure of marketing effectiveness and is used to help understand and improve the contribution of marketing activities to the overall profitability of a business. Marketing involves a number of activities which include market research, product development, promotion, pricing, distribution, customer service, and more.

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daily demand for a type of sandwich sold at doorred cafe (drc) is normally distributed with a mean of 65 and a standard deviation of 27. drc orders the sandwiches from a wholesaler (everyday morning before 5:30 am) at a wholesale price of $4 per sandwich and sells them at a retail price of $7 per sandwich. pursuant to the contract between drc and its wholesaler, the transportation cost is currently borne by the wholesaler. the wholesaler does not take back any unsold sandwiches. however, drc can sell any unsold inventory at a discounted price of $3 after 5:00 pm every day. a) how many sandwiches should drc order to maximize profit?

Answers

Given the information provided, DRC should order 65 sandwiches to maximize their profits.

This is because the demand for sandwiches is normally distributed with a mean of 65 and a standard deviation of 27. By ordering 65 sandwiches, the cafe will have enough to meet the average daily demand without having to order too many and risk having to sell them at a discounted price.

To maximize profit, Doored Cafe (DRC) should order the number of sandwiches that minimizes the expected cost of lost sales due to unsold inventory. To find the optimal order quantity, we can iterate through different order quantities and calculate the expected profit for each one.

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jasmine is the director of marketing for a chain of clothing stores. she has been given a set budget and needs to drive as many potential customers to her website as possible. which automated bidding strategy should she use in her campaign? maximize conversions

Answers

Jasmine, who is in charge of marketing, should utilize the "Maximize Click" bidding approach if she has a certain budget in order to attract as many potential consumers as she can to the website in her brand of apparel stores.

What is the short definition of a budget?

It budget is an financial plan that projects future earnings and costs. A strategy, expressed simply, predicts future expenditures and savings in addition to anticipated revenue and expenses.

What makes it a budget?

Budget comes derived the " Old French word bougette, which means "small sack." The British treasurer of the Exchequer is referred to as "opening" his budget, or container of records and accounting, when he presents his yearly financial statement.

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pertains to performance and the quality and quantity of task outputs as defined by team goals. a. commitment b. norm c. productive output d. capacity to adapt e. satisfaction

Answers

Productive output pertains to performance and the quality and quantity of task outputs as defined by team goals. option c

What is meant by productive output?

The number of units actually produced by a single facility or operation over the course of a single continuous 12-month period is referred to as productive output.

Productivity is the amount of output that can be generated from a given set of inputs. When more output is generated using the same number of inputs or when the same amount of output is produced using fewer inputs, productivity increases. There are two productivity ideas that are frequently employed.

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stearns production company has budgeted 150 hours for each of three music videos they are producing and 16,000 hours for a movie they are producing in the month of august. they pay their employees an average of $26 per hour. how much do they need to budget for direct labor costs?

Answers

They need to budget for direct labor costs is $427,700

16,000 hours for a movie + (150 hours × 3 music videos) = 16,450 direct labor hours. This will cost the company a total of 16,450 × $26 = $427,700.

Direct labour cost means the wages given to the workers who are directly involved in manufacturing of the garments and the cost that may be traced according to garment.

Direct labor is production or services labor this is assigned to a specific product, fee center, or paintings order. whilst a business manufactures products, direct labor is considered to be the exertions of the manufacturing team that produces goods, inclusive of gadget operators, meeting line operators, painters, and so on.

Direct hard work includes the fee of regular working hours, as well as the overtime hours worked. it's also related payroll taxes and expenses such as social safety, Medicare, unemployment tax, and worker's employment insurance.

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after receiving the results of a self-assessment, you learn that you have a very low risk tolerance. with this knowledge, which business approach would be the least stressful for you?

Answers

Buy an existing business that is already successful would be the least stressful and also the best approach.

Buying an existing business is exactly what it sounds like.Usually, the buyer assumes total control of the company. The biggest benefit is having a pre-existing plan that might contain crucial elements like a clientele that is established, specified operational costs, and fully trained staff. Almost every form of business may be acquired or sold, regardless of the industry.

Usually, when you acquire an existing company, you have total control over its course. However, without a clear goal, support systems, or outside counsel, your company may struggle as you find out how to manage things.

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which of the following statements concerning mrp system operation is correct? a. research has shown that many companies are transitioning from safety stock to safety capacity as a means of dealing with uncertain demand. b. a properly used mrp system allows for minimal levels of safety stock. c. additional safety lead time is a common strategy for reducing inventory levels. d. all of these choices are correct.

Answers

The statements concerning mrp system operation that is correct is b. a properly used mrp system allows for minimal levels of safety stock.

What is MRP in operation?

A Material Requirements Planning (MRP) system can be described as one that accelerates the manufacturing production process by determining what raw materials, components  as well as the subassemblies that  are neede which could based on demand and bill of materials (BOM).

Hence , properly used mrp system allows for minimal levels of safety stock.

Therefore, option B is correct.

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a guarantor who derives a personal benefit from the guaranty agreement has direct primary liability on the debt. a. true b. false

Answers

A guarantor who derives personal benefit from guaranty agreement has direct primary liability on the debt :False.

What is the meaning of guaranty agreement?

Guaranty agreement is a two-party contract where the first party agrees to perform in event that second party fails to perform. Unlike surety, guarantor is only required to perform when the oblige has made every reasonable and legal effort to force principal's performance.

The party who makes guaranty is called the guarantor and an agreement of this nature is mostly used in real estate, insurance, or financial transactions.

A guaranty can be revoked if both the guarantor and the lender agree in writing. Some debts owed by the  personal guarantors can  be discharged in bankruptcy.

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on january 1, 2022, monty corp. had retained earnings of $499,000. during the year, monty had the following selected transactions. 1. declared cash dividends $122,000. 2. earned net income $349,000. 3. declared stock dividends $58,000. determine the retained earnings balance at the end of the year.

Answers

The presented statement indicates that the retained profits balance was $678,000 at the conclusion of the fiscal year.

What do transactions go by?

An executed contract in between a seller and a buyer to trade products, services, or bank deposits in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.

Briefing:

The following is the statement of retained earnings for the year ending December 31, 2022 for Novak Corp.:

Retained Earnings Balance, January 1 = $499,000

Net Income = $349,000

Total amount in ended December 31, 2022 = $499,000 + $349,000

                                                                         = $848,000  

Less:

Cash Dividends: $112,000  

Stock Dividends: $58,000

The total less = $112,000 + $58,000 = $170,000

Retained Earnings Balance, December 31 = $848,000 + $170,000

                                                                      = $678,000

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sports teams travel together. they compete against other teams. this increases their a.diversity. b.norm generalization. c.role structure. d.cohesiveness. e.informal leadership.

Answers

Sports teams travel together. they compete against other teams. this increases their role structure.

Hence, Option C is correct.

The purpose of organizational structure is to make it apparent who is responsible for what and where each individual stands in the hierarchy of authority. A director of an employee may answer to a vice president, who answers to the chief executive officer, who answers to the board of directors or the company's owners.A high school football player, for instance, simultaneously fulfills the responsibilities of student, athlete, classmate, etc. "A person in the role of a parent is supposed to care for their child and safeguard them from danger," is another illustration of a role.

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five friends go to a restaurant. they talk about how to divide the bill. under which of the following possible arrangements would you expect the group to spend the least? answer s: a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares c. the riches person pays d. it is impossible to tell

Answers

Everybody should pay for their food, tax, and tips if we wish to calculate how much should be paid out the least. This is the best approach to do so.

Bill, what is it?

An financial document that details the price a customer must pay for a good or service is referred to as a "bill." It is also regarded as a reminder for payments. First before payment is delivered, a bill is issued, and it is utilized once and right away.

Which is better, bills or invoices?

You might receive an invoice from a business for services rendered, but when you get it, you only consider it to be a bill. A bill is a straightforward description of what is currently due, although the word "invoice" can suggest that payment conditions, such as "NET-30 days," have been negotiated.

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What are some of the customization options in the Animation Pane? Check all that apply.

add animations
reorder animations
remove animations
set timing of animations
preview animations

Answers

With  Animation Pane you can:

add animationsreorder animationsremove animationsset timing of animationspreview animations

What is Animation Pane?

Generally, Animation Pane is a feature in Microsoft PowerPoint that allows users to manage and customize the animations applied to elements in a presentation. It allows users to view, add, modify, and delete animations in a slide.

To access the Animation Pane, you can go to the "Animations" tab in the ribbon and click on the "Animation Pane" button. The Animation Pane will appear on the right side of the PowerPoint window, showing a list of all the animations applied to the current slide.

In the Animation Pane, you can:

Add animations: You can add new animations to an object or text by selecting it and then choosing an animation from the list of available animations.

Reorder animations: You can change the order in which animations play by clicking on an animation in the Animation Pane and dragging it up or down to a new position.

Remove animations: You can remove an animation by clicking on it in the Animation Pane and then clicking the "Remove" button.

Set timing of animations: You can set the timing of an animation by clicking on it in the Animation Pane and then using the options in the "Start" and "Duration" fields to specify when the animation should start and how long it should last.

Preview animations: You can preview the animation by clicking the "Play" button in the Animation Pane. This will play all of the animations in the order that they are listed in the Animation Pane.

Note that these are just some of the customization options available in the Animation Pane. There may be additional options depending on the version of the software you are using and the specific animation you have selected.

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Answer:B, C, D, E

Explanation:

right on edge22

when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a:

Answers

When is the case here, as more businesses enter an oligopolistic market, collaboration becomes more difficult as revenues. The correct response is D.why firms will not cooperate if they behave strategically.

Decline and businesses begin to act more egotistically. Companies will always be looking to cheat in order to make this profit, so in this scenario the cheating firm has an incentive to do so because the profit is so much bigger than sharing. The other businesses would respond by raising prices.

And they would all suffer the prisoner's dilemma is cited or recognised as a game theory example that tends to show why it can be challenging to organise and keep collaboration, even though it could be extremely beneficial to both parties.

Complete question:

when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a

A. why firms have an incentive to cheat on agreements.

B. how oligopolists engage in implicit collusion under strategic situations.

C. how cooperation in strategic situations leads to the economically efficient market outcome.

D. why firms will not cooperate if they behave strategically.

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Monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price

a. True
b. False

Answers

True, Monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price is true.

What is tradeoff ?

A tradeoff is a situation in which one thing must be sacrificed in order to gain something else. This can be applied in many different contexts, such as economics and business decisions. In economics, a tradeoff might mean sacrificing short-term gains in order to receive long-term benefits. In business decisions, a tradeoff might mean sacrificing customer satisfaction in order to save money and increase profits. Tradeoffs are a necessary part of decision making, often requiring a balancing act between various factors. The key is to weigh the pros and cons of each option carefully and make an informed decision based on what is best for your situation.

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a corporation issued 120 shares of its $5 par value common stock in payment of a $2,000 charge from its accountant for assistance in filing its charter with the state. the entry to record this transaction will include:

Answers

For assistance in submitting its charter to the state through an accountant. This transaction's entry will be included in the journal entry again for transactions.

What are journal entries?

Maintaining as well as recording non-economic or economic transactions is known as journal entry. Accounting journals that display the company's credit and debit balances are used to record transactions. Multiple entries, apiece representing a debit or credit, can be included in a journal entry.

What is journal entry  format?

A journal entry format is a standard format used in bookkeeping to record all business transactions of a company and is primarily based on the double-entry bookkeeping system of accounting to ensure that debits and credits are always the same .

Entries for transaction:

The journal entry for the transaction

Common stock- par value (cr) 120 × 5=600

Excess of par value paid in capital (cr) 1400

Legal expense (db) 2000

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a company had net cash flows from operations of $143,000, cash flows from financing of $376,000, total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals:

Answers

Option B  is correct. A company had net cash flows from operations of $143,000, cash flows from financing of $376,000, Total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals 4.1%.

Net cash flows from operations = 133000

Divide by Average total assets  = 3280000

Cash flow on total assets ratio = 4.1%  

Option B 4.1% is correct.  

Cash float is a degree of ways awful lot cash a business introduced or spent in general over a time period. Coins go with the flow is generally damaged down into coins glide from working sports, making investment sports, and financing sports on the announcement of cash flows, a common economic assertion.

Cash drift from operations is comprised of fees made as part of the regular route of operations. Examples of these coins outflows are payroll, the fee of goods sold, hire, and utilities. Coins outflows can range considerably whilst business operations are fairly seasonal.

A coins flow declaration suggests the exact amount of a company's cash inflows and outflows over a time frame. The earnings announcement is the maximum commonplace financial announcement and shows an enterprise's revenues and total costs, along with noncash accounting, such as depreciation over a period of time.

 

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Complete Question:

A company had net cash flows from operations of $133,000, cash flows from the financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:

Multiple Choice

A). 16.4%.

B). 4.1%.

C). 3%.

D). 16.5%.

E). 24.7%

on january 1, 2020, doone corporation acquired 70 percent of the outstanding voting stock of rockne company for $462,000 consideration. at the acquisition date, the fair value of the 30 percent noncontrolling interest was $198,000, and rockne's assets and liabilities had a collective net fair value of $660,000. doone uses the equity method in its internal records to account for its investment in rockne. rockne reports net income of $220,000 in 2021. since being acquired, rockne has regularly supplied inventory to doone at 25 percent more than cost. sales to doone amounted to $280,000 in 2020 and $380,000 in 2021. approximately 40 percent of the inventory purchased during any one year is not used until the following year. what is the noncontrolling interest's share of rockne's 2021 income? prepare doone's 2021 consolidation entries required by the intra-entity inventory transfers.

Answers

The noncontrolling interest's share of Rockne's 2021 income would be $66,000 ($220,000 x 30%).

Doone's 2021 consolidation entries required by the intra-entity inventory transfers would be: Debit Inventory $91,000

Credit Rockne Inventory $91,000

Debit Rockne Inventory $91,000

Credit Investment in Rockne $91,000

Since, intra-entity transactions produce more profits for consolidated financial accounts, intra-entity transactions between parent and subsidiary happen a lot. When compared to transactions with other entities, intra-entity transactions are generally less expensive.

An internal inventory transfer known as an intra-entity transfer results in no net change to the financial position of the business combination as a whole.

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kendra's company has a plant in thailand that supplies motor parts to another one of the company's plants in indonesia. what would be used to price the motor parts shipped to the subsidiary?

Answers

In the example of Kendra's company, a transfer price would be used to price the motor parts shipped from the Thailand plant to the Indonesia plant.  

The transfer price is the price that is used for the transfer of goods or services between two subsidiaries of the same company.  The transfer price should reflect the cost of the production and shipping of the motor parts as well as a reasonable profit for the company.

The transfer price should be based on the market conditions of the two countries and should not be set too high, as this could lead to a loss of profits for the company. For example, if the cost of production and shipping of the motor parts is higher in Thailand than in Indonesia, the transfer price should be set higher to reflect this difference. The transfer price should also take into account any taxes or tariffs that would be incurred on the transfer of the goods.

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presented below is selected information for sheridan company. answer the questions asked about each of the factual situations. (do not leave any answer field blank. enter 0 for amounts.) 1. sheridan purchased a patent from vania co. for $1,160,000 on january 1, 2018. the patent is being amortized over its remaining legal life of 10 years, expiring on january 1, 2028. during 2020, sheridan determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at december 31, 2020?

Answers

At December 31, 2020, the amount that should be reported in the balance sheet for the patent, net of accumulated amortization, is $576,000.

This amount is calculated by taking the original patent cost of $1,160,000, multiplied by the remaining legal life of the patent (6 years) and then divided by the total legal life of the patent (10 years). ($1,160,000 x 6/10 = $576,000).

In return for publishing an enabling disclosure of the invention, the owner of that patent is granted the legal right to prevent others from creating, using, or selling the invention for a a period of time. In the majority of nations, patent rights are governed by private law, and in order to enforce them, the patent holder is required to  file a lawsuit against a third party who violates the patent.

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the ordinary rules of agency normally do not apply to the employment of corporate officers. true false

Answers

The given statement ''the ordinary rules of agency normally do not apply to the employment of corporate officers'' is false.

Explain the law of agency ?A person, known as the agent, who is permitted to act on behalf of another (known as the principal) to establish legal contacts with a third party is dealt with under a set of contractual, quasi-contractual, and non-contractual fiduciary relationships under the law of agency. In a nutshell, it may be described as the equal connection between a principle and an agent in which the principal, either explicitly or tacitly, gives the agent permission to act on their behalf and under their supervision. Thus, the agent must engage in negotiations on behalf of the principle or establish contractual relationships between the principal and third parties.The ordinary rules of agency normally apply to the employment of corporate officers.

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when a sport marketing and event management agency limits either the scope of services performed or the type of clients serviced, it is known as

Answers

when a sport marketing and event management agency limits either the scope of services performed or the type of clients serviced, it is known as a specialized agency.

What is Marketing?The goal of marketing is to pique the attention of potential customers or clients in your goods and services. Process is the definition's core word. Marketing entails distributing, selling, and researching your goods or services.This field of study focuses on the analysis of market and consumer behaviour as well as how businesses manage their commercial operations to recruit and keep customers by meeting their needs and wants and fostering brand loyalty.When asked to define marketing, people frequently give vague definitions such as selling or advertising. These responses are not incorrect, but they are merely a component of marketing.

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One consideration in choosing a marketing channel is profitability, which is determined by the margins earned for each channel member and for the channel as a whole. Based on this information, which of the following statements would be most accurate?- The more responsibilities a channel member takes in terms of distribution, advertising, and selling expenses, the greater the potential for manufacturer profitability.- The more responsibilities the manufacturer assumes relative to its channel members, the greater the potential for profitability.- The extent to which channel members share costs determines the margins received by each member and by the channel as a whole.- While channel members can increase profitability by taking on distribution and selling expenses, advertising expenses should always remain with the manufacturer if a firm is looking for the greatest profitability.- Profitability is not related to the length or nature of the distribution chain but determined by the manufacturer.

Answers

Option (c), The margins that each channel member and the channel as a whole obtain depend on how much they share costs.

How much money does the channel of distribution make?

The channel margin is, to put it simply, the difference between what the client pays and what the supplier must pay at that particular point in the distribution channel. Channel margins can be computed as a percentage of the selling price or as a per-unit sum.

What four types of distribution are used in supply chain management?

There are four main distribution channels that a business can choose from when deciding how to advertise its products most effectively. Direct sales, wholesale, brokerage, and dual distribution are some of the options. Choose your distribution partners for your supply chain carefully to follow best practices.

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your broker requires an initial margin of $4,000 per futures contract on soybeans and a maintenance margin of $3,000 per contract. soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel. yesterday, you bought six soybean futures contracts at the closing settlement price of 1380. today, the settlement quote is 1335. all margin calls restore margin levels to their initial margin level. will you receive a margin call and, if so, for what amount?

Answers

Yes, you will receive a margin call and the amount call is $13,500.

What is margin call?

Margin is the security that a financial instrument holder must deposit with a counterparty (often their broker or an exchange) to cover all or part of the credit risk the holder poses for the counterparty. The following actions by the holder could put them at risk:

borrowed money from the counterparty to buy securities,

borrowed financial products to be short sold,

a derivative contract was entered into.

A margin account's collateral, which represents the funds available to the account holder for additional share trading, can be either the money deposited in the account or the securities offered. Prior to becoming known as margins, performance bonds were the term used on American futures exchanges. The majority of today's exchanges are in SPAN.

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phillipe established a revocable living trust naming himself, his spouse, and his two children as income beneficiaries, and his grandchildren as remainder beneficiaries. he funded the trust with $300,000. what is the value of the gift to this trust is:

Answers

The contribution to this trust has a value of zero dollars. No gifts are made to oneself when funding a revocable living trust, so this has no impact on gift taxes.

An living trust is what?

A living trust is a legal arrangement created by a person (the grantor) to protect their property and decide how it will be transferred after their dying.

It's an estate planning technique that can help beneficiaries and family members avoid a protracted, visible, challenging, and oftentimes expensive probate process.

A contract is used to create a living trust. The terms of the Trust and the assets transferred by the Grantor to the Trust are clearly forth in the Agreement. The grantor appoints a trustee, who will, at a particular period, have control over those assets for the benefit of the beneficiaries.

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people in singapore and switzerland are inclined toward long-term planning. according to the globe project, such societies score high on future orientation. true false

Answers

It is true that people in Singapore and Switzerland are inclined toward long-term planning and according to the globe project, such societies score high on future orientation.

The GLOBE project is a world scientific research aimed toward making, testing, and corroboratory theories retailed to the connection between culture and social group, structure, and leadership effectiveness.project provides managers with an extra lens through that they will higher perceive a way to perform well in a world surroundings.

In scientific discipline and connected fields, future orientation is broadly speaking outlined because the extent to that a private cares the long run, anticipates future consequences, and plans ahead before acting. Being a future-oriented person permits you to arrange ahead.

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ron landscaping's income statement reports net income of $75,700, which includes deductions for interest expense of $12,400 and income taxes of $36,100. its times interest earned is:

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If ron landscaping's income statement reports net income of $75,700, which includes deductions for interest expense . its times interest earned is: 10.02 times.

How to find the interest earned?

Using this formula to find the interest earned

Interest earned = (Net income + Deduction for interest expense + Income taxes) / Deduction for interest expense

Let plug in the formula

Interest earned =  ($75,700 + $12,400 + $36,100)/$12,400

Interest earned =  $124,200 / $12,400

Interest earned = 10.02 times

Therefore we can conclude that the Interest earned  is 10.02 times.

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