Under the document collection payment method, a bill of lading acts as the products' legal title.
What is bill of lading?A carrier must provide a shipper with a bill of lading, which lists the kind, quantity, and final destination of the goods being transported.A bill of lading is a contract between a shipper and a carrier, a receipt for shipping goods, and a document of title.The carrier, shipper, and receiver must all have authorized representatives sign this document, which must also be included with the shipping items.A bill of lading can aid in preventing asset theft if it is managed and examined appropriately.It's critical to select the correct bill of lading because there are various varieties.For instance, a logistics company wants to ship gasoline from a factory in Texas (shipper) to a gas station in Arizona using a large vehicle (recipient). After pouring the gas onto the truck, a plant representative and the driver sign the bill of lading.The truck driver requests that the gas station employee sign the agreement once the carrier delivers the fuel to the Arizona gas station.Hence, Under the document collection payment method, a bill of lading acts as the products' legal title.
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define the term structural unemployment and distinguish it from frictional and demand-deficient unemployment. why might structural unemployment fall w
The business cycle is not only factor contributing to structural unemployment. Over past thirty years, United States has lost hundreds of thousands of well-paying manufacturing jobs as result of production shifting to countries like China with lower cost of living.
What is structural unemployment?Structural unemployment, a form of involuntary unemployment, results from a mismatch between the capabilities that employees in the economy can provide and those that employers seek in employees. Cyclical unemployment and frictional unemployment are the other two types of unemployment that economists have identified. One of these categories is structural unemployment. Because it necessitates either migration or retraining, structural unemployment can be challenging to overcome. Contrary to structural unemployment, which can be caused by short-term changes in demand from different industries, cyclical unemployment is caused by short-term variations in the overall labor market. Structural unemployment is frequently caused by people's inability to change industries, but it can also happen within sectors as technology changes the nature of work in a given field.
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ron is searching for another job where his skills will be best used. lucy is looking for a job where she can make more money to help put her children through college. what is ron's employment status and what is lucy's?
Ron is searching for another job where his skills will be best used. lucy is looking for a job . Both Ron and Lucy are frictionally unemployed.
About Frictional unemployment:
Frictional unemployment is a form of unemployment that reflects the gap between voluntarily leaving one job and finding another. Therefore, it is sometimes called search unemployment, but it also includes the employment gap when moving from one job to another. Smooth unemployment is not necessarily a bad thing.
Frictional unemployment is spontaneous, so it can even be a sign of a healthy economy. This means employees are looking for new jobs and new careers.
Causes of frictional unemployment:Employees take time off to care for loved ones. An employee left an unsatisfactory position in search of a new job. Employees have the financial means to take time off from full-time work. People quit their jobs to pursue higher education.
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A marketing plan includes this marketing objective: "Create positive feelings
about our brand." What is the main problem with this objective?
Answer:
The main problem with this objective is that it is too vague and does not provide any specific target or measure for success. "Positive feelings" are subjective and can vary greatly from person to person, making it difficult to accurately track and measure progress towards this objective. A more specific and measurable objective might be something like "Increase brand awareness by X% among target audience within Y months" or "Increase customer satisfaction ratings by X% within Y months."
Suppose the government wants to levy a new excise tax. For each of the following goods, determine whether you would expect an excise tax to result in large or small deadweight loss.
a. Alcohol Deadweight loss is relatively (Click to select)
b. Milk Deadweight loss is relatively (Click to select)
c. Diamonds Deadweight loss is relatively (Click to select)
d. Tropical vacations Deadweight loss is relatively (Click to select)
e. Socks Deadweight loss is relatively (lick to select)
Suppose the government wants to levy a new excise tax. For each of the following goods, determine whether you would expect an excise tax to result in large or small deadweight loss is a. Alcohol Deadweight loss is relative.
Whilst items are oversupplied, there is a dead weight loss. as an instance, a baker can also make one hundred loaves of bread but most effectively sell 80. The 20 final loaves will cross dry and moldy and will be thrown away – resulting in a deadweight loss.
The deadweight loss is the vicinity of the triangle bounded by means of the right edge of the grey tax income box, the unique supply curve, and the call for the curve. it's miles known as Harberger's triangle.
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The concept of _________________ means that as the measure of output goes up, average costs of production decline—at least up to a point.
relative advantage
economies of scale
absolute advantage
comparative advantage
The concept of economies of scale means that as the measure of output goes up, average costs of production decline—at least up to a point.
Therefore, option B is correct.
Economies of scale can be described as a concept in economics which can be regarded as the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time.
It should be noted that internal and external economies of scale are distinguished. Internal economies of scale are reached when a corporation expands production while lowering costs. Outside of a company, external economies of scale exist within an industry.
Thus, external economies of scale may occur when an industry's operational range increases as a result of outside innovations. For instance, a company's costs as well as those of its industry may go down as a result of the development of a stronger transportation network. All businesses within the industry profit when external economies of scale take place.
Therefore, option B is correct.
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if you were an economist for a firm that wanted to merge, would you argue that the three-digit or five-digit naics industry is the relevant market? why?
The relevant market is a three-digit naics economist for a company that desired to merge.
What does industry NAICS code mean?The United States, Canada, and Mexico classify enterprises by industry using the North American Industry Classification System (NAICS). The following are some usage of VTA's Vendor Portal and other systems for the NAICS business code system: Sort the requests for proposals that are posted on its vendor portal.
A three-digit SIC code is what?The major industry group is identified by the first two digits of the SIC code, the industry group is identified by the third digit, and the individual industry is identified by the fourth digit. A significant government organization that controls the markets is the Securities and Exchange Commission (SEC). SIC codes are still used by the SEC.
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the macroenvironment is also known as the environment. multiple choice question. fixed internal external general
the macroenvironment is also known as general environment.
Describe macro environment through few examples?A macro environment is the collection of circumstances that impact the economy as a whole instead of just one industry or geographical area. The macro environment, in general, comprises developments in the GDP, inflation, employment, expenditure, and fiscal and monetary policy.
Why is a business's macroenvironment important?Macro-environment frequently denotes a state affecting the entire economy as opposed to just one single market segment. Business decisions will be influenced by the macro environment. There can be an impact on spending, investing, and borrowing activities when a macro environment is present.
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Answer: General
Explanation: I just did it
using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful accounts is an $11,000 debit before adjustment, what is the balance after adjustment?
$66,000 is the adjusted balance. One method credit card companies employ to estimate a cardholder's finance account is adjusted balance.
One of numerous ways used by credit card companies to determine a cardholder's finance charge is the adjusted balance. The latter is the cost incurred when a cardholder doesn't pay their entire balance by the due date of each month, choosing instead to carry a load from month to month.
The current billing cycle's payments and credits are deducted from the prior balance at the end of the previous billing cycle when determining your financing charge using the adjusted balance method. The adjusted amount does not include any new charges that are accrued during the billing period.
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the equity interest in a subsidiary not attributable directly or indirectly to the parent is known as the (select all that apply)
The equity interest in a subsidiary not attributable directly or indirectly to the parent are Non-Controlling Interest and Minority Interest.
What is equity interest?
Equity interest is an ownership interest in a company. It is a form of security that gives the holder the right to vote on certain matters, such as the election of directors and the approval of major corporate actions. Equity interest also provides a right to receive a share of the company’s profits, either through dividends, or through an increase in the value of the shares when they are sold. Equity interest is typically obtained by purchasing shares of stock in the company, either through a public offering or through private transactions.
Non-Controlling Interest and Minority Interest are correct answers. Non-Controlling Interest and Minority Interest refers to the equity interest that is not held by the parent company in a subsidiary. This equity interest is held by other investors or shareholders, such as individual shareholders or institutional investors.
Hence, Non-Controlling Interest and Minority Interest are the answers.
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true or false: because employee performance is so important to organizations, senior management consistently supports performance management procedures.
Senior management does not support performance management procedures for employee performance . Thus, the statement is false.
What is performance management?Performance management is a corporate management tool that allows managers to monitor and evaluate the work of their employees. The goal of performance management is to create an environment in which people can perform to the best of their abilities and produce the highest-quality work in the most efficient and effective manner.
Businesses require effective performance management. It assists them in aligning their employees, resources, and systems to meet their strategic objectives through both formal and informal processes.
Therefore, to align the employees with the objectives of the organization, senior management consistently supports performance management procedures.
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True or False?
A true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),
it is homogeneous within the segment (exhibits common needs),
it responds similarly to a market stimulus, and it can be reached by a market intervention
It is TRUE to state that a true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),it is homogeneous within the segment (exhibits common needs),it responds similarly to a market stimulus, and it can be reached by a market intervention.What is a market segment?
Market segmentation is the process of breaking a large consumer or company market, often made up of present and future customers, into sub-groups of consumers based on some form of the shared trait.
Segmentation allows you to understand more about your audience and personalize your messaging to their tastes and requirements. Targeting a specific section of people who are likely to be interested in your content or product is far more successful than targeting a large number of people.
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what international organization runs a dispute settlement process in which countries can resolve trade inequalities in a formal arena?
Countries can settle trade disparities in a formal setting through the World Trade Organization's (WTO) dispute resolution procedure.
Describe trade.Trade is the voluntary transfer of goods or services among participants in the economy. Trade is often seen to be beneficial to both parties because interactions are voluntary. Buying and selling share or other assets is referred to as trading in the finance industry.
Why is trade so important?Because it fosters economic growth, encourages domestic employment, enhances standard of living, and give more control to support their families with fairly priced goods and services, trade is crucial to the success of the United States. More jobs, greater pay, quality services, moderate inflation, and a propensity for cooperative over conflict are all advantages of increased commerce. nation. The much more freely trade goes around the world, the bigger the wave of economic success and peace will be.
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Which of the following statements describes the media's role in the self-regulation of advertising?
A. The media must accept all the advertising campaigns they receive because of the First Amendment that guarantees the freedom of speech.
B. The media cannot refuse to accept advertising for an entire product class such as hard liquor.
C. The media can refuse to accept individual ads they find offensive or objectionable.
D. The media is expected to reject ads that are targeted toward children and older adults.
E. The broadcast is required by law to reject political ads.
The option that describes the media's role in the self-regulation of advertising is The media can refuse to accept individual ads they find offensive or objectionable. Option C
What is meant by advertising?A marketing strategy known as advertising involves purchasing real estate to advertise a good, bad, or intangible idea. Ads, as they are often known, are the real advertising messaging. Reaching the demographics most likely to be interested in purchasing a company's goods or services is the aim of advertising.
An advertising, sometimes referred to as an advert or ad, is typically seen as a kind of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going much farther than that, encompassing any type of sponsored advertising intended to enlighten or persuade. Advertisements are messages that are sent and paid for by their senders with the intention of informing or influencing the recipients.
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a silver futures contract requires the seller to deliver 5,000 troy ounces of silver. an investor sells one april silver futures contract at a price of $15 per ounce, posting an $8,400 initial margin. if the required maintenance margin is $6,900, the price per ounce at which the investor would first receive a maintenance margin call is closest to:
The investor would first receive a maintenance margin call is closest to
15.3
How to Calculate Margin call?Increase in price per ounce=Number of ounces-Required margin maintance/Initial margin
=8400-6900/5000
=0.3
Future price =Selling price per ounce + Increase in price per ounce
=15+.3
=15.3
Initial Purchase Price x [(1 - Initial Margin) / (1 - Maintenance Margin)] = Margin Call Price. The margin call price serves as a benchmark for the price below which the margin requirements are not satisfied, forcing the investor to make more deposits or sell off a certain portion of their portfolio assets in order to comply.The investor can deposit cash in the amount of the margin call to cover it. As an alternative, the investor can sell sufficient securities to satisfy the margin need with the remaining equity. Let's say the investor does not want to add to the $2,000 cash balance in the account.To learn more about margin call refer to:
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Due to the Taxpayer Relief Act of 1997, it may not be necessary to file which of the following on a capital gain on residential property?
A)
Form 1099-S
B)
None of these
C)
Form W2
D)
Form 1099-TR
The Taxpayer Relief Act of 1997 made it so that capital gains were not subject to filing Form 1099-S.
What is the 1997 Taxpayer Relief Act?For taxable years beginning after December 31, 1997, the Taxpayer Relief Act of 1997, Title I: Child Tax Credit, amends the Internal Revenue Code (IRC) to permit a tax credit of up to $500 for each eligible child of a taxpayer.
In the United States, a number of federal taxes were decreased under the Taxpayer Relief Act of 1997. A $400 tax credit for every child under the age of 17 was introduced in 1998, and it was later raised to $500 in 1999. For high-income households, this credit was gradually eliminated.
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steve and craig have been shipwrecked on a deserted island in the south pacific. their economic activity consists of either gathering pineapples or fishing. we know steve can catch four fish in one hour or harvest two baskets of pineapples. in the same time craig can reel in two fish or harvest two baskets of pineapples. if they each spend four hours a day fishing and four hours a day harvesting pineapples, how many of each will steve produce? how many will craig produce? what will their total production be?
Craig will generate 8 fish daily and 8 carriers of pineapples, bringing the combined production to 24 fish and 16 baskets per day. He will provide 16 fish daily and 8 receptacles of pineapples.
What are some economic examples?The social science of economy focuses on the analysis of resource scarcity. It examines variables that have an influence on how products and services are produced, distributed, and received in an economy. It investigates how people, organizations, and governments distribute limited resources.
Briefing:Steve grows eight baskets of pineapples and four fish (four fish per hour) in four hours (4 hours x 2 baskets per hour). Craig makes eight fish (four hours at two fish each) and eight baskets of pineapples each day (4 hours x 2 baskets per hour). A total of 24 fish as well as 16 bags of pineapples are produced each day.
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a total of 8000 is invested in two funds paying an annual interest of 4% and 5%. the combined annual interest is 350%. how much of the $8000 was invested in each fund?
Let x be the quantity invested at 4% annual hobby and y be the amount invested at 5% interest. The sum of all the investments is $8000. The complete yield from the two investments is $350. Thus, the first investment is $5000 whilst the 2nd investment is $3000.
What is annual interest
The annual pastime charge refers to the charge that is utilized over a period of one year. Interest prices can be utilized over special periods, such as monthly, quarterly, or bi-annually. However, in most cases, activity charges are annualized.
How do you calculate annual interest?The formula and calculations are as follows: Effective annual interest charge = (1 + (nominal rate ÷ quantity of compounding periods)) ^ (number of compounding periods) - 1. For investment A, this would be: 10.47% = (1 + (10% ÷ 12)) ^ 12 - 1.
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https://brainly.com/question/28752423#SPJ4two wheeler dealer had sales totaling $198,464 last year. the cost of the goods sold was $177,228. expenses totaled $60,905. what was the net profit margin for the year?
The net profit margin for the two wheeler dealer in this question would be 30.45%.
How to find net profit margin ?Net profit margin is a financial ratio that reflects the percentage of total sales that represents the profit after all expenses have been subtracted. It is calculated by dividing the net profit (total sales minus all expenses) by the total sales for a given period of time, such as a year or quarter.
To find the net profit margin for the two wheeler dealer in this example, you can use the following formula:
Net profit margin = (Total sales - Cost of goods sold - Expenses) / Total sales
Plugging in the values given in the problem, we get:
Net profit margin = ($198,464 - $177,228 - $60,905) / $198,464
This simplifies to:
Net profit margin = ($60,331) / $198,464
Which is equal to:
Net profit margin = 0.3045 or 30.45%
So the net profit margin for the two wheeler dealer in this example would be 30.45%. This means that 30.45% of the total sales represents the profit after all expenses have been subtracted.
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assume that a futures contract on treasury bonds with a face value of $100,000 is purchased at 93-00. if the same contract is later sold at 94-18, what is the gain, ignoring transaction costs?
Assume that a futures contract on treasury bonds with a face value of $100,000 is purchased at 93-00. If the same contract is later sold at 94-18, the gain, ignoring transaction costs is $1,562.50.
To calculate gain and loss on a trade - multiply the dollar value of a one-tick move by the number of ticks the futures contract has moved since you purchased the contract.The inventory costing method used by a corporation determines the amount of the cost of products sold. First in, first out (FIFO), last in, first out (LIFO), and the average cost method are the three techniques a business might use to record the amount of inventory sold during a period. When identifying expensive or rare artefacts, a particular procedure is used.To learn more about face value visit:
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one-year rate in japan is 4% and one-year rate in the u.s. is 2%. the current exchange rate is 110 yen per dollar. if you can enter into a forward exchange rate of 120 yen per dollar, what would be your arbitrage profit per 100 units of the borrowed currency? assume that you can borrow and lend at the given interest rates.
Your arbitrage profit per 100 units of the borrowed currency makes a riskless profit of 0.02 dollars.
The first thing to do is figure out what the correct forward rate should be.
The forward rate should be (110×1.04)/1.02 = 112.15 yen/dollar.
Thus you want to exchange yen for dollars at 110 rather than the implied 112.15.
If you start with no money then you need to borrow 1 dollar at 2% exchange them into 110 yen and invest the yen at 4%.
The yen will grow to be 110×1.04 = 114.4
so you enter into a forward exchange agreement to exchange
114.4 yen into dollars at an exchange rate of 110.
This will yield 1.04 dollars.
You need to repay your dollar borrowing which will cost 1.02 dollars.
Thus you make a riskless profit of 0.02 dollars.
In economics and finance, arbitrage is the exercise of taking benefit of a distinction in fees in two or greater markets; placing an aggregate of matching offers to capitalize on the difference, the profit being the distinction among the market expenses at which the unit is traded.
Whilst used by lecturers, an arbitrage is a transaction that includes no bad cash going with the flow at any probabilistic or temporal country and tremendous cash going with the flow in at least one kingdom; in easy phrases, it's far the opportunity of threat-free earnings after transaction charges. As an example, an arbitrage possibility is present whilst there may be the opportunity to instantly purchase something for an extremely low fee and sell it for a better price.
Arbitrage is the simultaneous buying and sale of equal or comparable assets in unique markets in order to take advantage of tiny differences in the asset's listed rate. It exploits short-lived versions inside the rate of the same or similar economic units in different markets or in special forms.
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the owner knows that one of the reasons people do not return to his store is because of the slow service. how would a swot analysis classify the slow service at dina plumbing supplies?
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's Weaknesses.
Horrific customer support is when a purchaser feels their expectancies have been not met. consistent with our tendencies report, the top indicators of poor customer service consist of long wait times, an automated gadget that makes it tough to reach a human agent, and having to repeat information more than one time.
The five major causes of poor customer service include hiring the incorrect humans, loss of training, employee burnout, a false impression of client expectancies, and absence of worker engagement.
The maximum apparent one is not resolving a patron request or ignoring it. other customer support ache points consist of lengthy waits, poor employee understanding, lack of etiquette and manners.
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Complete question:
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's ________.
1. intelligence
2. threats
3. opportunities
4. strengths
5. Weaknesses
consider the demand for cereal. when price is $4.25/box quantity demanded is 1200 boxes. price increased to $5.25/box and quantity demanded fell to 1000 boxes. what is the elasticity of demand?
Demand is considered to be relatively inelastic, or not highly responsive to price changes, if the quantity demanded is smaller than the percent change in price.
What does demand look like?Key Learnings. According to the economic principle known as the law of demand, customer demand for just a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
Is a demand a request?It might be simple—and tempting—to employ demands rather than requests, even if you believe you comprehend the distinction on an intellectual level. A request is when you formally, politely, or respectfully ask for something. A call is a strong declaration in which you request something.
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Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
a. True
b. False
The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.
Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.
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what compliance regulation is similar to the european union (eu) general data protection regulation (gdpr) of 2016 and focuses on individual privacy and rights of data owners?
This regulation is called the EU General Data Protection Regulation or GDPR, and is aimed at guiding and regulating the way companies across the world will handle their customers' personal information and creating strengthened and unified data protection for all individuals within the EU.
What do you mean by privacy?
Because privacy provides us the freedom to decide who to share our thoughts and feelings with, it is crucial. Our information is protected by privacy if we don't want it made public (such as health or personal finances). Protecting our physical safety through privacy (if our real time location data is private).Commonly, privacy is viewed as a private good, with my personal information being mine to safeguard and manage and yours being yours. This understanding of privacy leaves out a crucial element of the policy issue. A person who handles data carelessly exposes vast information about both herself and other people.To know more about privacy here
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after five brewing company and the afl-cio are in an eight-month-long labor dispute. the afl-cio has called on its membership and the general public to refuse to purchase after five brewing products. the afl-cio is calling for a
the afl-cio has called on its membership and the general public to refuse to purchase after five brewing products. the afl-cio is calling for a primary boycott.
What is primary boycott?When a nation forbids trade with another, this is referred to as a main boycott. The main boycott is the Arab nations' unwillingness to conduct business with Israel. It is a "primary" or "direct" boycott in this context as opposed to a "secondary boycott," which targets companies that are not parties to the industrial dispute but supply to or buy from the employer that the union is in conflict with. Take a labor issue with a dairy as an illustration. Since 1979, the Export Administration Regulations (EAR) have made it illegal for citizens of the United States to take part in unofficial boycotts of nations that support the United States. The main issue at hand is the boycott of Israel by the Arab League.
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on january 1, forward company issues bonds that have a $22,000 par value, mature in 4 years, and pay 8% interest per year. interest payments are paid to bondholders semiannually on june 30 and december 31. how much interest does forward company pay to bondholders every six months if the bonds are sold at par?
Th interest that Forward company would pay bondholders every six months is $880.
What is the interest that would be paid every six months?A bond is a debt instrument that is used by firms to raise the capital that is needed for business activities. People who purchase bonds are known as bondholders.
Bondholders receive interest at regular predetermined time intervals. Interest is the compensation that is received by the bondholders for giving the borrower their funds. The interest received is a function of the interest rate and the par value of the bond. At the maturity of the bond, the bondholder is paid back the par value of the bond.
Interest = (interest rate / 2) x par value
Interest = (8% / 2) x 22,000
Interest = 4% x 22,000
Interest = 0.04 x 22,000
Interest = $880
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which normative theory of business ethics would tjx have displayed if it had informed customers as soon as the breach was corrected and told other retailers how to prevent future security breaches?
Social Contract theory of business ethics would tjx have displayed if it had informed customers as soon as the breach was corrected and told other retailers how to prevent future security breaches.
Social contract theory says that human beings stay collectively in society according with an agreement that establishes ethical and political policies of conduct. some people trust that if we stay consistent with a social contract, we will stay morally by using our very own desire and now not due to the fact a divine being requires it.
In moral and political philosophy, the social contract is a theory or version that originated at some stage in the Age of Enlightenment and normally, despite the fact that no longer usually, worries the legitimacy of the authority of the nation over the man or woman.
The goal of a social agreement principle is to reveal that participants of some society have cause to propose and follow the essential social guidelines, legal guidelines, institutions, and/or concepts of that society.
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a real estate investment is available at an initial cash outlay of $100,000, and is expected to yield cash flows of $33,438.10 per year for five years. the internal rate of return (irr) is approximately:
An investment in real estate is accessible for a $100,000 initial cash outlay and is predicted to generate $33,438.10 in cash flows over the course of five years. About 20% is the internal rate of return (irr).
Describe real estate.Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.
Real estate includes land, the houses on it, and any natural resources such as crops, minerals, or water. It also includes immovable property of this kind, such as houses or other housing that meets common definitions of real estate.
Real property includes tangible personal property, which is something you own that is tied to a piece of land. It often comprises of any assets on the property, including water or minerals, and is suitable for residential, commercial, or industrial uses.
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Maxine and her friend Alice share a love of listening to music from England. They spend
plenty of sleepovers listening to their favorite bands and are always sharing new songs or
artists with each other.
One day, Alice excitedly tells Maxine her dad bought her tickets to a huge music festival in
England where some of their favorite bands will play. Plus, she has a ticket for Maxine, and
Alice's dad said he'll cover half of Maxine's airfare. The other half is only $412. Maxine feels
like this is a once-in-a-lifetime opportunity. Should Maxine use her emergency fund to take this super rare opportunity? Explain your reasoning.
Based on the given information Maxine should not use her emergency fund to take this super rare opportunity as it is intended to use in an unforeseen situation.
What is an emergency fund?
An emergency fund is said to be savings that an individual intended do in order to meet challenges that are not predictable and unforeseen for them.
An emergency fund shouldn't be used for a planned vacation or other predictable expenses; rather, it should only be used in the event of an unexpected event. You don't have to deprive yourself of small comforts in life.
In the given case, the music concert is not an unforeseen event is a planned vacation so the emergency fund should not be utilized.
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when a firm merges with a company that does not produce inputs it needs to make its products or does not sell similar finished goods and services, it is called a
A conglomerate merger occurs when a company joins forces with another that neither produces the raw materials it needs to build its products nor offers comparable finished goods and services.
Which describes a horizontal merger the best?A horizontal merger is a merger or corporate restructuring involving businesses in the same sector. Because there is typically more competition among businesses in the same industry, combining businesses can result in significantly bigger synergies and possible market share gains.
Which of the following merger types is prohibited by antitrust law?Proposed mergers between direct competitors offer the most antitrust danger (horizontal mergers).
Of the following, which one has the authority to approve or reject a merger?Before a significant merger occurs, the antitrust authorities at the FTC and the US Department of Justice can approve the merger, forbid it, or approve it if specific requirements are met. One typical requirement is that the company agree to sell off specific components before the merger is approved.
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