The statement is true, Accounts used to accumulate information until it is transferred to the owner’s capital account.
Temporary accounts are those used to store data until it is moved to the owner's capital account.
What do accounts mean?The amount of money you have accessible in your checking or savings account is known as your account balance in the world of banking. The net amount remaining in your account after all deposits and credits have been balanced against any charges and debits is your account balance.
Permanent accounts are those that are used to save data from one fiscal period to the next.
Real accounts are another name for permanent accounts.
Temporary accounts are those used to store data until it is moved to the owner's capital account.
Nominal accounts is another name for temporary accounts.
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jose works for a toy manufacturer that invests an amount equal to a certain percentage of his pay each year into a trust fund account. his firm has contributed to this optional program every year, even when they lost money. his fund usually receives the 25% maximum allowed by law. what kind of retirement program does jose have?
The retirement program Jose have Profit-sharing plan.
What is Profit-sharing plan?Employer discretionary contributions are accepted in profit-sharing plans. The law does not specify how much you must contribute. If you can afford to contribute a certain amount to the plan for a specific year, you can. You don't have to contribute in other years. A profit-sharing plan is a type of retirement arrangement that enables an employer or business owner to distribute to employees a portion of the company's profits equal to up to 25% of the payroll. Any size employer may adopt the plan, and the amount to be set aside each year is entirely up to the employer. Profit-sharing programs have the drawback of preventing employees from understanding how their own efforts and decisions affect the company's profitability.To learn more about Profit-sharing plan refer to:
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what type of birth control is cheap, readily available, and offers significant protection against stis?
Condoms are the only birth control method that protects against sexually transmitted infections (STIs) and cheap, readily available, and offers significant.
Why do people use condoms?The best defense against sexually transmitted infections (STIs) and unintended pregnancy is the use of condoms. The barrier method of contraception known as the condom is constructed of latex rubber, polyisoprene, a very thin plastic known as polyurethane, or nitrile.Some female condom products are constructed of heat-transmitting materials, which can feel more natural than latex condoms. The female condom can boost sexual pleasure. Female condoms, in contrast to male condoms, do not need to be taken off right away after sex, allowing couples to stay in the moment.When two condoms are used together, the friction between them might damage the condoms' material and increase the likelihood that they will break.Learn more about condoms refer to :
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grott and perrin, incorporated, has expected earnings of $3 per share for next year. the firm's roe is 20%, and its earnings retention ratio is 70%. if the firm's market capitalization rate is 15%, what is the present value of its growth opportunities? group of answer choices
Expected performance means the base salary on the day of hire plus an annual target annual incentive bonus.
Base compensation means net income (loss) calculated in accordance with generally accepted accounting principles, excluding (i) non-cash capital compensation expense, (ii) incentive compensation, (iii) acquisition fees, (iv) financing fees, (v) depreciation. , (vi) ) any unrealized gain, or loss or other non-cash items included in net income for the applicable reporting period, whether or not included in other comprehensive income or loss or in net income, and (vii) non-recurring events resulting from changes in GAAP and certain non-cash charges, as determined in each case by management and which are independent after discussions among the directors and approved by a majority of the independent directors.
E1=$3 ROE=20% b=70% k=15% PV(GO)=
Value w/ no Growth: 3/.15=$20
g= ROE*b=14%
Value w. Growth: (E1*(1-b))/(k-g)= $90
PV(GO)= 90-20=$70
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the state of texas has one of the highest sales tax rates in the nation at 6.25 percent. this – tax can have another – added to it to help fund county and local governments.
It is to be noted that the state of Texas has one of the highest sales tax rates in the nation at 6.25 percent. this regressive tax can have another 2 percent added to it to help fund county and local governments.
Thus the missing words are:
Regressive Tax; and 2 Percent.What is a regressive tax?A regressive tax is one that is levied in such a way that the tax rate falls as the proportion subject to taxation rises.
The term "regressive" refers to the way tax rates move from high to low, such that the average tax rate surpasses the marginal tax rate.
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1.5 pts when you retire, you want to have $875,000 saved. if you plan to retire in 35 years, and you can receive 7% interest annually on a savings account, what is the fixed amount you have to save each year?
A deposit account with a bank or other financial institution that pays interest
A savings account is a bank account meant to retain funds that you do not intend to spend right away.
Let the value of N = 35 % =7 PV = 0 PMT=? FV=875,000 Therefore, the fixed amount you have to save each year exists $6,330
Benefits of a Savings Account:You may rest easy knowing that your money is protected.
You may earn interest on your savings.
Pay your bills automatically and on schedule.
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lachelle, a business management major, hears about an upcoming networking event for students interested in marketing. which statement about this situation is true?
If Lachelle, a business management major, hears about an upcoming networking event for students interested in marketing. The statement this situation is true is: Lachelle should attend the event to practice meeting and holding conversations with other people in this type of setting.
What is marketing?Marketing can be defined process of creating awareness about a product so as to attract potential customers to the product which in turn can help to increase sales.
Based on the given scenario the business management major should endeavor to be at the event as this will enables him to practice meeting and to as well hold conversations with other people.
Therefore Lachelle should attend to events.
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The complete question is:
Lachelle, a business management major, hears about an upcoming networking event for students interested in marketing. which statement about this situation is true?
Lachelle should attend the event to practice meeting and holding conversations with other people in this type of setting.
Lachelle should attend the event to only hold conversations with other people.
the process by which investment in a nation's manufacturing capacity decreases, often devastating economies of many communities, is known as
The process by which investment in a nation's manufacturing capacity decreases, often devastating economies of many communities, is known as Globalization.
Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
The growing interdependence of the world's economies, culture and population brought about by cross-border trade in goods and services, technology and flows of investment, people and information.
In Globalization decrease the cost of manufacturing. This means that companies can offer goods at a lower price to consumers.
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the asa framework holds that potential employees will be attracted to organizations whose cultures
According to the ASA framework, potential workers will be drawn to firms whose cultures reflect their own personalities, which means that some potential job seekers may not apply owing to a perceived lack of fit. Attraction -Selection-Attrition.
At the organizational level, the Attraction-Selection-Attrition (ASA) hypothesis describes how companies pick and attract similar people, whereas dissimilar persons are more likely to depart owing to attrition.
The ASA cycle is inextricably linked to the socialization process, which defines how new members integrate into certain groups. However, because the ASA framework focuses on organizations as the unit of study, it aims to anticipate and analyze organizational behavior rather than individual behavior.
Complete question:
ASA framework holds that potential employees will be attracted to organizations whose cultures match their own personality, meaning that some potential job applicants won't apply due to a perceived lack of fit
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carlisle transport had $4,464 cash at the beginning of the period. during the period, the firm collected $1,646 in receivables, paid $1,947 to supplier, had credit sales of $5,925, and incurred cash expenses of $500. what was the cash balance at the end of the period?
The cash balance at the end of the period is $9,598.
To calculate the cash balance at the end of the period, you need to add the beginning cash balance to the cash inflows and subtract the cash outflows. The cash inflows include the collection of receivables ($1,646) and credit sales ($5,925). The cash outflows include the payment to suppliers ($1,947) and cash expenses ($500).
So the cash balance at the end of the period is:
$4,464 + $1,646 + $5,925 - $1,947 - $500 = $9,598
Therefore, the cash balance at the end of the period is $9,598.
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if the value of a commodity decreases at a monthly rate of 3.5%, by what percentage does it decrease in a year?
Percentage does it decrease in a year is 42%.
What is Percentage ?
%, which is a relative figure used to denote hundredths of any amount. Since one percent (symbolised as 1%) is equal to one tenth of anything, 100 percent stands for everything, while 200 percent refers to double the amount specified. percentage.
1 year = 12 months
1 month = 3.5%
3.5 * 12 = 42%
if the value of a commodity decreases at a monthly rate of 3.5%, by 42% does it decrease in a year.
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in the national savings and investment identity framework, an inflow of savings from abroad is, by definition, equal to:
In the national savings and investment identity framework, an inflow of savings from abroad is, by definition, equal to a Trade deficit
What is a Trade deficit?Generally, These include the influx of financial money from other countries throughout the world.
As was discussed in the chapter titled "The International Trade and Capital Flows," the importation of savings from other countries is equivalent, by definition, to the country's trade deficit.
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which policy response sets an allowable emissions standard and then creates a market for pollution allowances?
The policy that response sets an allowable emissions standard cap-and-trade lessen outflows, In a cap-and-exchange framework, the public authority sets an outflows cap and issues several emanation stipends steady with that cap.
It is a market instrument in which an administration puts a "cap" or cutoff on the aggregate sum of ozone-harming substances that can be discharged. Under such a plan, ozone-depleting substance producers are committed to paying for every significant amount of carbon dioxide or carbon dioxide equivalent1 they transmit.
For example, those from power plants, by putting down a boundary on contamination and making a market. The best environment strategy — ecologically and monetarily — limits outflows and puts a cost on them. cap-and-trade are methods for doing both.
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what is the difference between gross private domestic investment and net orivate domestic investmnet? if you were to determinate net domestic prodduct
Depreciation is the difference between net domestic private investment and gross domestic private investment in the country.
What is net domestic gross private investment?A country's GDP includes net investment as one of its components. Gross domestic private investment is shown as a percentage of a country's GDP. All investments made in real estate and inventories by public and private organizations are included.Depreciation is the difference between net domestic private investment and gross domestic private investment in the country. Net domestic private investment is calculated by deducting depreciation from gross domestic private investment.Net domestic private investment and the use of fixed capital together make up gross private domestic investment. The portion of gross investment that increases the stock of structures and equipment already in existence is known as net private domestic investment.To learn more about Gross domestic private investment refer to:
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your stakeholders are concerned about the source of your data. they are unfamiliar with the organization that ran the analyses you referenced in your presentation. which kind of objection are they making? 1 point presentation skills data analysis findings
They are raising some sort of criticism to the offered assertion regarding the statistics.
What are instances of stakeholders?A stakeholder has an interest in a firm and has the potential to influence or be affected by its operations and performance. Investors, workers, consumers, manufacturers, localities, governments, or trade groups are examples of typical stakeholders. Employees, managers, directors, and many other firm personnel are examples of internal stakeholders.
A CEO is a stakeholder, right?An executive-level employee often fills the Executive Stakeholders (ES) function, as the name would imply. The individual may be a CEO an executive director, a chief data officer, a head of development, or a programmer, among other positions.
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The complete question is-
Your stakeholders are concerned about the source of your data. They are unfamiliar with the organization that ran the analyses you referenced in your presentation. Which kind of objection are they making?
(a). Findings
(b). Data
(c). Presentation skills
(d). Analysis
by the 1990s, 3m was starting to develop some problems. what were the causes of these problems? be sure to identify the specific issues and causes.
By the 1990s, 3M, a young corporation, would have faced an early demise because to Okie's invention of waterproof sandpaper and the usage of subpar minerals, anorthosite.
Write a short note on 3M.In Northern Minnesota, under the name Minnesota Mining and Manufacturing Company, 3M got its beginnings as a small-scale mining operation more than a century ago. Our products, which are now a global powerhouse, enhance people's daily lives everywhere. Our company's five founders' single objective when 3M was founded in 1902 was to dig for corundum, a mineral that is perfect for creating sandpaper and grinding wheels.
It turned out that what they had believed to be corundum was actually anorthosite, a low-grade mineral. But the collaborative and innovative attitude still guides 3M today. Therefore, rather than giving up, we looked to alternative materials, used them in other products, and acquired the trust of important investors, and gradually built up sales. Large global corporation 3M developed knowledge management solutions to solve their communication issues.
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what is entrepreneurship? types of entrepreneurs entrepreneurial mindset what drives entrepreneurship?
An intrapreneur may be regarded as particular form of entrepreneur, however this person will probably have slightly less freedom and far lesser financial risk than an entrepreneur who is actually starting new, independent adventure.
What is entrepreneurship?At its most basic level, entrepreneurship describes a person or a small group of partners who set out on an original course to launch a new firm. A prospective entrepreneur deliberately seeks for a particular business venture, and it is the entrepreneur who bears the most of the project's risk. Innovation has a big role in entrepreneurial endeavors. By encouraging "intrapreneurship," big businesses might try to imitate this trait. Employees are encouragd to think like entrepreneurs, creating an original perspective that can result in a fresh idea for the organization. The company may give these employees more freedom, but it retains control of the project and assumes all associated risks. Small enterprises and large corporations alike profit from the efforts of entrepreneurs.
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"The scope of market management depends on the size and nature of the business " . Justify the statement and critically analyse the current situation
Answer: Yes. The scope of market management depends on the size and nature of business.
Explanation:
The market management depends on various aspects of business and vise versa. It can happen both ways. Market management is the process of planning, decision making, controlling the marketing aspects of the company in terms with the goals and nature of the company. The type of marketing is determined by the size, nature and type of business. All these must go hand in hand to run a successful business.
a person or an organization that helps another organization sell its goods and services to customers is called a(n) . multiple choice question. vendor internal stakeholder supplier distributor
A distributor may be a person or a corporation that helps another company sell its product and services to customers. Distributors square measure thought-about, external stakeholders. A typical corporation's first stakeholders square measure its investors, employees, customers, and suppliers.
A neutral is either a personal, cluster or organization wedged by the end result of a project or a business venture. Stakeholders have an associate degree interest in the project's success and might be among or outside the organization sponsoring the project.
Internal customers square measure people among the organization's agency customers for needs that meet internal demands. The international customary providing steerage on social responsibility, referred to as ISO 26000, defines a neutral as an "individual or cluster that has associate degree interest in any call or activity of a corporation."
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true or false: the creative decisions involved in filmmaking include decisions around marketing and distribution.
The statement is false.
The creative decisions involved in film making doesn't revolve around marketing and distribution. This is only one chunk of the creative process in the film making. The other chunks hold significant value, too and they all contribute towards the creative process.
The decisions related to music, the designs that need to be included in the film making process, the plot of the movie and the demographic related queries all contribute towards the creative process in the film making.
It is therefore, a lengthy, tiresome and demanding process for the film maker and hence, all processes are given equal importance.
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The statement creative decision in filmmaking involves decisions around marketing and distribution is untrue.
Marketing and distribution are not at the center of the creative choices made during the production of a movie. This is really a small portion of the filmmaking creative process. The other pieces are equally valuable and all aid in the development of creativity.
The choices made about the soundtrack, the designs that must be used throughout production, the movie's story, and demographic-related inquiries are all part of the creative process in filmmaking.
As a result, the filmmaker finds the process to be time-consuming, exhausting, and difficult, and each step is consequently given equal weight.
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the economic inefficiency of a monopolist can be measured by the group of answer choices all of the above are correct. value of the unrealized trades that could be made if the monopolist produced the socially-efficient output. area above marginal cost but beneath demand from the monopoly output to the socially-efficient output. deadweight loss.
The economic inefficiency of a monopolist can be measured by the value of the unrealized trades that could be made if the monopolist produced the socially-efficient output. area above marginal cost but beneath demand from the monopoly output to the socially-efficient output. deadweight loss.
The marginal fee refers to the growth in production costs generated by the production of extra product units. it's also referred to as the marginal value of production. Calculating the marginal price lets in agencies to peer how volume output affects price and as a result, ultimately, profits.
Marginal price is referred to as the fee that is incurred by using any enterprise while there is a want for producing additional gadgets of any items or services. it's miles calculated with the aid of taking the full cost of producing the additional goods into account and dividing that by means of the change in the total amount of the products produced.
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Although they may be represented by physical documents, ______ assets are, rights or privileges that cannot be seen or touched.
Although they may be represented by physical documents, intangible assets are, rights or privileges that cannot be seen or touched.
Intangible Assets:Intangible assets are identifiable non-monetary assets without physical substance. Such assets are identifiable if they are separable or arise from contractual or other legal rights. A separable asset can be sold, transferred, licensed, etc.
Intangible assets are assets without physical substance. Examples include patents, copyrights, franchises, goodwill, trademarks and trade names, and software. This is in contrast to physical and financial assets. Intangible assets are typically very difficult to value
What are tangible and intangible assets?Intangible assets have no physical existence but have monetary value. It has a significant place on the company's balance sheet and can support the overall valuation over the long term. Tangible assets have a finite value and physical existence.
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ronald, a marketing manager at tesron automobiles, is discussing an automobile concept with the design team, and the discussion quickly turns argumentative. ronald, aware of his tendency to get angry very quickly, stops the argument by changing the subject to another topic. this scenario illustrates that ronald has a high degree of
The scenario illustrates that ronald has a high degree of emotional intelligence.
What does Emotional Intelligence mean?
The ability to understand, use, and manage one's own emotions as well as the emotions of others is referred to as emotional intelligence (EI). It entails positively and constructively recognizing, interpreting, and responding to emotions. It is also the capability of making decisions and acting in accordance with one's own values and goals. EI has been identified as an important factor in job performance, relationships, and overall well-being. It is now recognized as a useful predictor of success in a variety of areas of life, including work, relationships, and overall well-being.
What does Values means?
Values are behavioral standards or principles that guide an individual's or group's behavior. Values influence how people perceive and interact with the world, and they can serve as a personal compass in making decisions. Beliefs about what is right or wrong, what is important, and what is desirable are examples of values. They are deeply ingrained in a person's personality and help to define who they are.
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Thus the complete question with the option is presented here:
Ronald, a marketing manager at Tesron Automobiles, is discussing an automobile concept with the design team, and the discussion quickly turns argumentative. Ronald, aware of his tendency to get angry very quickly, diffuses the argament by diverting the group's attention to another topic. This scenario illustrates that Ronald has a high degree of
A technical skills
B. critical thinking
C. marketing skills
D. emotional intelligence
E. cognitive intelligence
recently, the owner of martha's wares encountered severe legal problems and is trying to sell her business. the company built a building at a cost of $1,140,000 that is currently appraised at $1,340,000. the equipment originally cost $620,000 and is currently valued at $367,000. the inventory is valued on the balance sheet at $310,000 but has a market value of only one-half of that amount. the owner expects to collect 98 percent of the $175,200 in accounts receivable. the firm has $11,700 in cash and owes a total of $1,340,000. the legal problems are personal and unrelated to the actual business. what is the market value of this firm?
The company has a liability of $1,340,000, so the market value of the firm is $1,940,386 in assets minus $1,340,000 in liabilities.
Market value is the price that a asset would fetch in the market. It is the price that a buyer is willing to pay for the asset, taking into account various factors such as supply and demand, competition, and the asset's intrinsic value. Market value is often used to determine the worth of stocks, real estate, and other assets that can be bought and sold.
Market value of assets = $1,340,000 (building) + $367,000 (equipment) + $155,000 (inventory) + $171,686 (accounts receivable) + $11,700 (cash) = $1,940,386
Market value of the firm = $1,940,386 (assets) - $1,340,000 (liabilities) = $600,386
This is the market value of the company, but it's worth noting that the legal problems of the owner may affect the sale price of the business.
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what is an accurate description of video news releases? multiple choice they consist of three types: exhibits, bulletins, and press kits. they are sold by organizations at expensive rates. they are news or feature stories prepared by a company. they are also known as feature articles. they are purchased by companies at low prices.
An accurate description of video news releases is description of video news releases.
What is a video news release?
A video news release (VNR) is a section of a video that imitates a news broadcast but is really produced by a corporate, governmental body, advertising or marketing agency, non-profit, or public relations firm. Television newsrooms are given access to them in order to influence public opinion, advertise commercial goods and services, publicise certain people, or advance other objectives. Incorporate VNRs into news stories if they offer information that is relevant to the topic or will be of interest to viewers. News producers are free to run VNRs in full or in part.
VNRs have drawn criticism for being misleading or being used as propaganda, especially when viewers are not made aware of this fact. Companies that create VNRs disagree and argue that their use is similar to that of a press release in video format. They also highlight the fact that editorial judgement regarding the value, in whole or in part, of a VNR's content is still in the hands of journalists, programme producers, and other professionals. The Federal Communications Commission of the United States is presently looking at the use of VNRs.
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what is an accurate description of video news releases? multiple choice they consist of three types: exhibits, bulletins, and press kits. they are sold by organizations at expensive rates. they are news or feature stories prepared by a company. they are also known as feature articles. they are purchased by companies at low prices.
sasha wants to generate a balance sheet to see accounts receivable. which quickbooks report basis would be most useful?
Answer: All businesses should produce their financial statements using the accrual method of accounting.
Explanation: How can I make a balance sheet in QuickBooks to view my accounts receivable?
Choose Reports (Take me there) from Business overview, or go directly to Reports (Take me there). Find and access the Balance Sheet report using the search box. Choose Customize. Select the proper Report period.
What does QuickBooks' accounts receivable look like?
Go to the Customer menu and then choose Customer List in QuickBooks Desktop Point of Sale. Select the client, then pick Edit.
Which report in QuickBooks displays accounts receivable?
Summary of accounts receivable aging
To show the total amount owed and how far past due they are, run an A/R Aging summary report. Visit a business
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Sasha wants to generate a balance sheet to see accounts receivable, QuickBooks report basis that would be most useful is : 'current assets' section on the balance sheet.
What is a balance sheet ?In financial accounting, balance sheet is a summary of financial balances of an organization, whether it is a sole proprietorship, business partnership, corporation, private limited company or any other organization such as government or not-for-profit entity.
Accounts receivable are classified as an asset as they provide value to your company. Account receivable is recorded as debit in the assets section of a balance sheet. QuickBooks organizes the accounting data so that you easily run up-to-date balance sheet reports whenever you need them.
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g an exchange rate that has an officially fixed value less than its fundamental or market equilibrium is called a
Devaluation is when officially fixed exchange rate is less than its fundamental or market equilibrium.
How is the exchange rate calculated?A currency's relative value expressed in terms of another currency is called an exchange rate (or group of currencies). The exchange rate is a significant economic variable for nations with active international trade, like Australia. Exchange rates for floating currencies are determined by the relative supply and demand of each currency. As the supply and demand for each currency change, the exchange rates between the two currencies fluctuate. There are four basic types of exchange rate regimes: controlled float, crawling peg, adjustable peg, and pegged (also known as adjustable peg, crawling peg, basket peg).
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the major disadvantage of debt financing is the inability to deduct interest expenses for income tax purposes. group of answer choices true false
The biggest drawback of employing debt financing is that it can have difficulties paying back what it owes, and you run the risk of having your company taken away or having your assets liquidated to satisfy creditors.
Negative aspects of debt financing:Debt financing has a significant drawback in that it can be expensive, including interest charges, and may not be practical when you require smaller amounts of money for brief periods of time. For instance, taking on credit card debt only makes sense if you have the extra cash on hand to pay it off immediately or within a reasonable amount of time. When your company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is low, you risk paying extremely high interest rates and other fees because any loans you take out will require significant monthly interest payments, which may prevent you from making the capital investments required to grow your business. This might seriously damage your finances.
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my boss is very worried about whether i will finish this project on time. in fact, she very frequently checks up on my progress. which influence tactic is my boss using here?
Influence techniques are the methods by which individuals in organizations attempt to influence one another.Although it is frequently faced with resistance, rational persuasion is the most commonly utilized influence method.
What is the most common influence tactic? Influence techniques are the methods by which individuals in organizations attempt to influence one another.Although it is frequently faced with resistance, rational persuasion is the most commonly utilized influence method.Inspirational appeals work 90% of the time, yet they are used only 2% of the time.Legitimacy, rational persuasion, inspiring appeals, consultation, exchange, personal appeals, ingratiation, pressure, and alliances are the nine influence strategies.Among these tactics, inspirational appeal, consultation, and rational appeal* were discovered to be the most effective influence methods (with inspirational appeal being the most effective of all three); coalition and pressure were discovered to be the least effective influence methods (these tactics tend to be not only ineffective but also ineffective).To learn more about influence tactic refer
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assume the mpc is 0.80. if the government wants to eliminate an ad shortfall of $300 billion, it should
The government wants to eliminate an ad shortfall of $300 billion, it should Cut taxes by $240 billion.
How to calculate Cut taxes?Cut taxes=mpc/shortfall
=0.80/300
=240
A tax cut means that less money is being collected from taxpayers to fund government spending. Tax reductions enhance people' discretionary income while reducing the government's revenue. When we talk about tax cuts, we typically mean a decrease in the percentage of tax on income, products, and services. Tax reductions are an example of an expansionary fiscal policy since they provide consumers greater discretionary income. Tax reductions also take into account the elimination of tax credits, deductions, and loopholes.When tax is reduced determines how the economy is impacted. Policies that boost lower- and middle-class households' disposable income are more likely to boost total spending and "therefore stimulate the economy."To learn more about Cut taxes refer to:
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of the customers that leave companies each year, which percentage leave because of bad customer service?
84% of clients file that their expectations had no longer been exceeded in their closing interaction with consumer service.
(Harvard Business Review) 78% of customers have given up on a transaction due to the fact of a negative consumer experience.
What is the end result of horrific purchaser service?Whether you select to trust it or not, bad customer service can have a serious have an impact on on the general health of your business. In the quick term, it can have an effect on sales, and in the lengthy term, it can affect your enterprise in a myriad of ways. For example, it can damage your brand, your reputation, and more.
Why is customer service so horrific now?That's according to a new file called the American Customer Satisfaction Index. And it is fallen dramatically during the course of the pandemic. I call it trickle-down aggravation. Business owners are aggravated due to the fact of supply chain shortages, labor shortages, and skyrocketing costs.
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