Agreements that are so thoroughly one-sided that fairness precludes enforcing them are known as Unconscionable contracts.
Unconscionable contracts are those who are so ridiculously partisan against one party and unfavorable towards the other that the law considers them to be unenforceable. In terms of contractual law, an unconscionable contract is one that gives either of the parties no real, meaningful options. This is typically the consequence of major discrepancies in the parties' comparative bargaining positions. Unconscionable contracts frequently entail that one of the parties signing under coercion, with insufficient knowledge, or after having been deceived, which is one of their defining attributes.
A contract will normally be deemed unenforceable if a lawsuit is filed and the court decides that it is unconscionable.
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you are working with william bond, cpa, and you are considering the risk of material misstatement in planning the audit of toxic waste disposal (twd) company’s financial statements for the year ended december 31, 20x0. twd is a privately owned entity that contracts with municipal governments to remove environmental waste. twd's board of directors is controlled by janice mead, the majority stockholder, who also acts as the chief executive officer.
Because municipalities have received increased federal and state funding for environmental purposes - Decrease.
TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer - Increase.
What is material misstatement?A major misrepresentation is information in the financial statements that is sufficiently false to have an effect on someone who relies on those statements in making financial decisions.
Note that In the case of publicly traded corporations, the board of directors (B of D) is the group responsible for setting strategy and supervising management. The board normally convenes on a regular basis. A board of directors is required for every publicly traded firm.
Therefore, in regards to material misstatement in the cases above, there is a decrease in the first one because funds is going to two different places while is increasing in the second because the person is part of the board and holds some amount of power.
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See full question below
You are working with William Bond, CPA, and you are considering the risk of material misstatement in planning the audit of Toxic Waste Disposal (TWD) Company's financial statements for the year ended December 31, 20X0. TWD is a privately owned entity that contracts with municipal governments to remove environmental waste. TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer.
Based only on the information below, indicate whether each of the following factors would most likely increase, decrease, or have no effect on the risk of material misstatement.
Because municipalities have received increased federal and state funding for environmental purposes, TWD returned to profitability for the first year following three years with losses.
TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer.
a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer is called the .
A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer is called the supply chain.
What is supply chain?Supply chain can be defined as the process that involved when a goods or product is produced to when the products reach the end or final user.
Supply chain on the other hand can be defined a channel that has to do with all the processes which a company has to engage in before their product reaches the consumer.
Therefore we can conclude that suppy chain enables the products to reach the consumers.
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_________ is a communication standard that enables business partners to exchange routine documents, such as purchase orders, electronically.
Electronic Data Interchange (EDI) is a communication standard that enables business partners to exchange routine documents, such as purchase orders, electronically.
In the field of business, Electronic Data Interchange (EDI) is a reliable procedure that allows businesses to share electronic documents between them. Standardized message formatting is used when sending over data between computers via Electronic Data Interchange (EDI).
Sending over documents manually can take a lot of time and hence the method of Electronic Data Interchange (EDI) proves to be easier, more reliable, and fast.
Routine documents, such as purchase orders, invoices etc can easily be sent between business partners through Electronic Data Interchange (EDI). However, when sending secret or confidential papers, one needs to be careful.
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salespeople need to spend some time prospecting on a regular basis because there is typically a considerable time lag between the commencement of prospecting and the conversion of prospects to customer status.
It is true that salespeople need to spend some time in prospecting because there is a considerable time lag between commencement of prospecting and the conversion of prospects to customer status.
Sales prospecting is the method of recognizing and going to pursue prospective consumers for your corporation.
Sales prospecting is an important element of your marketing strategy since it aids in the advancement and trying to fill of your sales pipeline, having brought you one closer to closing deals and acquiring new clients. Sales prospecting is an essential part of your company image. How you interact with new companies and individuals as the first point of contact can aid in establishing confidence and create your corporation as a companion and political activist in your industry.
The complete question is here:
Salespeople need to spend some time prospecting on a regular basis because there is typically a considerable time lag between the commencement of prospecting and the conversion of prospects to customer status. True or false
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a video game manufacturer has just come out with a new video game. the company wants to develop demand for the product before the holiday shopping season, so it is focusing on advertising the features of the game and how it is different from other games on the market. what type of advertising would be best for building demand for this product?
Based on the video game manufacturer wanting to build demand for the product by advertising the features of the game, the type of advertising that would be best is promotional advertising.
What is promotional advertising?Promotional advertising is the type of advertising that is used when a new product is to be introduced into the market. This type of advertising is meant to make people interested in the new product being offered by talking about the features of the product.
There would also be an emphasis on how the product is different from other products, but not only different, better than them as well. This is why the video game manufacturer would be better off advertising the new video game with promotional manufacturing.
This is because it would help them talk up the features of the game as the new and improved product that it is.
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which of the following is a valuable source of supplier information? a. purchasing databases b. previous experience c. purchasing consortiums d. trade publications e. all of the above are sources of supplier information
When a company buys a good or service from a third party rather than managing it itself, that practice is known as outsourcing. As a small business, outsourcing enables you to accomplish more by delegating crucial jobs and procedures to experts without having to significantly expand your full-time staff.
What is a good illustration of outsourcing?The best instances of outsourcing are in advertising, office and warehouse cleaning, and website creation. The majority of business owners assign control to outside professionals for tasks like bookkeeping, maintenance, and hiring. This makes it easier for businesses to concentrate their resources on their primary operation.Contracting out business operations and processes to outside vendors is known as outsourcing. The advantages of outsourcing can be significant, ranging from cost reductions and increased efficiency to a stronger competitive advantage.Companies frequently outsource in order to reduce costs, increase efficiencies, and accelerate processes. To achieve these advantages, businesses that choose to outsource rely on the third-party suppliers' experience carrying out the tasks they have chosen to contract out.To Learn more About outsourcing refer to:
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What decision support strategy uses a technique based on a non-linear predictive model that creates a hidden-layer analysis of input information that is defined using training and observed behaviors?.
The decision tree support strategy produces a hidden-layer analysis of the input data by employing a technique based on a non-linear prediction model.
An effective method for modeling various outcomes, resource costs, utility costs, statements and consequences is the decision tree. Its structure resembles a tree. Decision trees can be used to present algorithms with conditional control statements. They have branches that represent decisions that might have a positive effect.
Predictive modeling is the process of taking outcomes that are known and building a model that can predict values for unanticipated events. It uses historical data to predict future events.
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a merger between firms at different stages of production of a good group of answer choices is a horizontal merger. is a vertical merger. was made legal by the clayton act. was made illegal by the sherman act.
A merger between firms at different stages of production of a good is a Vertical Merger
What is merger?
The ownership of companies, both these business organisations, or their operating units may be transferred to or consolidated with some other company or business organisation through a business transaction known as a merger or acquisition (M&A). M&A, a component of strategic management, can enable businesses to expand or contract, change the nature of their operations, or alter their competitive position. Technically speaking, an acquisition happens when one entity buys the stock, equity interests, or assets of another entity. A merger, on the other hand, is the legal consolidation of two business entities into one. If both CEOs concur that working together is in best interest of both their companies, a deal may well be euphemistically referred to as a merger of equals.
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in the far off kingdom of viracien there is a healthy sized population of citizens over 16 years old. the last census indicated a total adult population of 5 million people. this year a recession hit and 237 thousand people were let go from their jobs and are on the hunt to find new work. because of the recession many took early retirement and there is now a population of 1.3 million who are not working or looking for various reasons. because of the unrest, the military of viracein has increased its ranks and is now grown to a total of 50 thousand citizens serving the country. if viracein uses the same calculation to find the unemployment rate, what is the country’s unemployment rate? select one: a. 17.55% b. 4.7% c. 6.5% d. 6.4%
If Viracein uses the same calculation to find the unemployment rate, the country’s unemployment rate is 6.5%.
If Viracein uses the same calculation, then-
237,000 people are unemployed as given.
5 million - 1.3 million - 50,000 workers
3.65 million people work.
Unemployment rate = unemployed people/labor force*100
Rate of unemployment = 237,000/3.65 million*100
6.4931501% is the unemployment rate.
So, 6.5% is the unemployment rate.
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poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year. she is aware that if interest rates rise, the potential earnings power of the cash flow from her investments will increase. in particular, she is concerned that a decline in interest rates might lead to decrease in annual income from her investments. what kind of risk is poornima most concerned about protecting against?
In a case whereby poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year, the risk is poornima most concerned about protecting against is interest reinvestment risk.
What is interest reinvestment risk?
Reinvestment rate risk can be described as the risk that should be considered in the case whereby the investor have the reason to carry out reinvestment in regards with the future cash flows which could come inform of a lower return as a result of the interest rate declines.
It should be that this risk is very important to be taken serious by the investors because any slight mistake can result to very huge lost in the part of the investor and this can bring down there investor in term of finance which is very dangerous for his health as well as other investment that he have outside.
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Four years ago ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303. 88. About how much money did ollie deposit into his account when he opened it?.
Upon reopening the bank account, Ollie deposited about $250 into it.
Present value = Future value/ (1+interest rate)^time
= $303.88 /(1+0.05)^4 = $303.88 / 1.2155 = $250
In the financial world, money kept in a bank is referred to as a deposit. A deposit is a transaction in which funds are sent to another entity for storage. A deposit is also defined as a quantity of money used as security or collateral for the delivery of something. A different kind of deposit is the transfer of cash to a third party for safekeeping, such a bank. A bank account is a type of financial account that is kept by a bank or other financial organization and is used to record financial transactions between the bank and its clients.
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You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12. 20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?.
Future value will be $46,120 with the first deposit of $4,500, rate of interest 12.20% per year and annual contributions of $2,000.
A=P(1+r/100)^n
where A=future value,
P=present value,
r= rate of interest
and n= no. of years.
So future value is
$4,500 *(1+ 12.20/100)^9
= $46,120
Future value will be $46,120.
This is called compound interest, where interest also grows with the present value.
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eli, a citizen of florida, wants to obtain a business license in georgia. the georgia state legislature enacts a law that imposes a $2,000 license fee on nonresidents. georgia residents pay $0. this most likely violates
The given case of Eli is most likely to violate Privileges and immunities clause.
A state is prohibited from treating residents of other states unfairly by the Privileges and Immunities Clause. The essential rights accorded to American citizens are privileges and immunities.
Through Supreme Court rulings, the meaning of privileges and immunities has been both widened and narrowed. It is significant to note that only citizens, not businesses, are granted these advantages and immunities. (U.S. Constitution, Article IV, Section 2, Clause 1; often known as the Comity Clause). Additionally, the clause includes a right of interstate travel.
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Find Lindsay Remson's total deposit for two checks of $112.54 and
$453.24 and cash of 3 one-dollar bills, 4 five-dollar bills, 7 ten-dollar
bills, 15 quarters, 12 dimes, 34 nickels, and 64 pennies. Less $10.00
cash received.
Answer: 649.78
Explanation: addition
when governments intervene in markets — end of chapter problem the u.s. government provides subsidies for a variety of agricultural products. suppose the demand for and supply of corn is as indicated in the accompanying grap
In the absence of government involvement in the market, the equilibrium price is $5 per bushels and the equilibrium quantity is 24 billion bushels.
To aid farmers harmed by the Dust Bowl and the Great Depression of 1929, agricultural subsidies were initially developed. Farmers were promised a price that was high enough to be profitable by the federal government. Farmers were compensated to make sure that supply did not outpace demand. To avoid overproduction, the government provided subsidies to farmers to keep croplands fallow. As well, it purchased extra crops. After that, it either kept them or distributed them to feed poor people across the world.
Though its initial purpose may have been forgotten, the agricultural subsidy program saw significant growth over time. Farm subsidies cost on average roughly $17.6 billion year between 2013 and 2022.
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a cost accounting system: (check all that apply.) multiple select question. helps managers' determine selling prices. is used to control costs of manufacturing activities. is used only with a perpetual inventory system. provides general information used by investo
A cost accounting system is used only with a perpetual inventory system.
Force or stock refers to the goods and accouterments that a business holds for the ultimate thing of resale, product, or application. force operation is a discipline primarily about specifying the shape and placement of canted goods. force refers to all the particulars, goods, wares, and accouterments held by a business for dealing in the request to earn a profit. For illustration, If a review dealer uses a vehicle to deliver journals to the guests, only the review will be considered a force.
The four types of force most generally used are Raw paraphernalia, Work- In- Process( WIP), Finished Goods, and conservation, form, and Overhaul( MRO).
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over the past 7 years the dividends of sunshine mining have grown from $0.24 to the current level of $0.53. what is the approximate annual compound growth rate of sunshine's dividends?
The approximate annual compound growth rate of sunshine's dividends is calculated to be 12%.
The annual compound growth rate can be determined by using the following formula;
compound annual growth rate = [(final value / beginning value)^(1/t)] - 1
As the dividends of sunshine mining grew from $0.24 to $0.53 in 7 years; therefore the final value, in this case, will be $0.53 and the beginning value will be $0.24. Now we substitute these values in the equation to determine the annual compound growth rate as follows;
compound annual growth rate = [(0.53 / 0.24)^1/7] - 1
compound annual growth rate = [(2.208^1/7)] - 1
compound annual growth rate = 1.12 - 1
compound annual growth rate = 0.12
Converting it into percentage as follows;
compound annual growth rate = 0.12 × 100 = 12%
Therefore the annual compound growth rate, in this case, is 12%.
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which model of global leader development argues that the company's global business strategy is a major determinant of the relevant lessons and skills that the leader needs?which model of global leader development argues that the company's global business strategy is a major determinant of the relevant lessons and skills that the leader needs?
The Right Stuff model of global leader development argues that the company's global business strategy is a major determinant of the relevant values and skills that the leader needs.
Tom Wolfe created a vivid portrait of the American military pilots who contributed to the inception of the NASA space programme in his bestselling novel The Right Stuff. He discusses how the seven Mercury Astronauts were chosen and later trained while telling the engrossing tale of these volunteer test pilots who participated in early testing. His book, which is mostly on the bravery of these men, also concentrates on who they were as individuals and how they adhered to a code of morality and values that could be summed up as having "the right thing."
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although activity-based depreciation methods are theoretically superior to time-based methods, activity-based methods are (select all that apply.) multiple select question. too costly to use. difficult to apply in practice. not allowed by gaap. only permissible for manufacturing firms
Activity-based depreciation methods are more costly and difficult to use. Thus, the correct options are (a) ‘too costly to use’ and (b) ‘difficult to apply in practice’.
The activity-based depreciation methods link the costs of assets with their output/production levels over a period of time. Although activity-based depreciation methods are theoretically more efficient than time-based depreciation methods, still they are not widely used in practice it is because of their high cost and level of difficulty.
For example, for the assets like machineries where productivity can be measured by the units of production and amout of time of production. It is simple to measure the production time than to determine the units of production.
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Commissioner adam silver sees a burgeoning market abroad that is increasingly devouring nba content and buying merchandise. What percentage of the league’s wholesale sales are now generated outside the u. S. ?.
Commissioner adam silver sees a burgeoning market abroad that is increasingly devouring nba content and buying merchandise,30% of the league’s wholesale sales are now generated from outside the U.S.
Merchandise It can apply to any consumer goods that are purchased or sold in a deal between a company and its client. During the course of its life cycle, merchandise may pass through a number of supply chain nodes, including producers, distributors, storage facilities, and retailers, before arriving at the final destination—the customer. Wholesaling is the practice of purchasing items in bulk from a producer at a reduced cost and selling them to a retailer for a higher price so they can repackage and then sell the goods to customers in smaller quantities for an even higher price. A subsector of the trade, transportation, and utilities supersector is wholesale trade. Establishments involved in wholesale trading make up the wholesale trade sector.
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the overall population for region a is 86 million people. the labor force contains 45 million people, 29 million people are employed, and 16 million are unemployed. what is the unemployment rate? round your answer to two decimals.
The unemployment rate is 35.56%.
People of working age who are unemployed, available for work, and have made explicit efforts to find employment are considered to be unemployed.
Estimates of unemployment rates based on this definition are applied consistently, making them more comparable worldwide than estimates based on national definitions of unemployment.
This indicator is seasonally adjusted and measures the number of jobless persons as a percentage of the labor force. The entire number of unemployed persons plus those who are employed is referred to as the labor force. Data are based on surveys of the labor force (LFS).
To calculate the unemployment rate, we have to divide unemployed people by labor force and then multiply by 100 to find rate.
Unemployment rate = Unemployed labor force/ total labor force *100
= 16/45 *100
= 35.55555%
= 35.56%
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What type of decision-support system analysis uses a backward solution approach that attempts to calculate the value of the inputs necessary to achieve a desired level of output?.
Goal-seeking analysis of the decision-support system uses a “backward solution” approach that computes the values of the input necessary to acquire a desired level of output.
The goal-seeking analysis is an approach in which input values are figured out on the basis of already-known output values. The goal-seeking analysis is designed to support “what-if analysis”.
For example, goal-seeking analysis supports determining the interest rate a borrower needs to secure (the input) in order to meet loan goal if the borrower only knows how much he can afford to pay each month, how much he loan he wants, and how long he wants to take to return the loan (the outputs).
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bryan just read an email from his manager that explained a new process for his team to share information. he rolled his eyes and silently complained that his boss never asked anyone on his team if this new process would be helpful. bryan read the first few lines of the email before deleting it, assuming it was a bad idea. what is the source of this conflict:
Bryan skimmed the email's first few lines before deleting it because he thought it was a horrible idea. Differences with management are the root of this conflict.
Are there differences in management?Your company's overall management can have a significant impact, and certain manager characteristics can determine whether or not teams are productively working toward goals, employees are motivated, and morale is high. According to a Gallup survey, the boss's personality accounts for at least 70% of the difference in employees' levels of engagement.
How come management is so crucial?Management helps the group realize its goals by assembling and organizing the resources, integrating them effectively, and arranging the production components. The achievement of predetermined goals is directed as a result.
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If you estimate that firm b will pay a dividend of $1 per share in one year, and that the dividend will grow at 3% per year indefinitely, what should be the value of stock b?.
Based on the dividends by Firm B and the growth rate of the dividend, the value of Stock B would be $9.17
How to find the stock's value?When given the growth rate and the dividend, the value of a stock can be found by the formula:
Value of stock = Next dividend / ( Expected return - Dividend growth rate)
The expected return will be the average return to Firm B of 13.9%.
The Value of the stock is:
Value of stock = Next dividend / ( Expected return - Dividend growth rate)
= 1 / (13.9% - 3%)
= $9.17
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Satisfied customers buy again and tell others about their good experiences. What is customer satisfaction based on?.
Satisfied customers buy again and tell others about their good experiences. Customer satisfaction based on Customer Expectations
Customer satisfaction is a metric that measures a company's customers' level of satisfaction with its goods, services, and capabilities. Information about customer satisfaction, such as surveys and ratings, can assist a business in deciding how best to adjust or improve its goods and services.
Customer satisfaction is a metric used to assess how effectively a company's goods or services live up to consumer expectations. It's one of the most significant predictors of consumer loyalty and purchasing intentions. As a result, it aids in forecasting corporate revenue and growth.
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a wholesaler offers credit terms of 1/10, n/30. a fabric store bought goods worth $6,500 from the wholesaler. within the discount period, the fabric store returned defective goods worth $300 and paid the amount owed. how much did the wholesaler receive as payment?
the wholesaler received $6,138 as payment. The seller would receive the amount owing to the customer less the return credit and cash discount of 1 %.
The calculation of this amount is as follows :
Account Receivable $6,500
Less Return Credit ($300)
$6,200
Less Cash discount ($6,200 × 1%) ($62)
Payment $6,138
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacturer or source, at a discounted rate and selling to the retailer at a higher price. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, wholesale is the resale of new and used goods to retailers, to industrial, commercial, institutional, or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies.
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jorge is a customer service associate in an upscale supermarket. the monetary payment he receives in exchange for performing his job is referred to as .
Jorge is a customer service associate in an upscale supermarket. the monetary payment he receives in exchange for performing his job is referred to as base pay.
What is customer service?
Customer service refers to the help and guidance a business offers to those who purchase or utilise its goods or services. Each industry has different standards for customer service, but ultimately, the goal of a well-performed provider is to boost profits. Employees "who can modify themselves to a personality of the customer" are critical to the perceived success of customer service interactions. Customer service practises frequently exhibit a company's strategies and values. Customer retention is typically used to gauge how well customer service is performing. For some businesses, providing excellent customer service is one of their intangible assets that sets them apart from competitors. A single instance of excellent customer service can completely alter a customer's opinion of the company.
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what's the present value of a $880 annuity payment over five years if interest rates are 9 percent? (do not round intermediate calculations and round your final answer to 2 decimal places.)
The present value of the annuity payment over five years is $3,422.89.
What is the present value?
Present value is the sum of discounted cash flows. It can be determined by adding the cash flows discounted using the interest rate together.
An annuity is a series of payment that is made over a period of time. When the payment is made at the beginning of the period, it is known as annuity due. When the payment is made at the end of the period, it is known as an ordinary annuity.
Present value = 880 / 1.09 + 880 / 1.09² + 880 / 1.09³ + 880 / 1.09^4 + 880 / 1.09^5 = $3,422.89
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calculate the expected return for two possible outcomes for the economy next year: recession and recovery suppose for this example that we forecast a 19% chance of recession over the next year let’s suppose that we forecast that in a recession the firm’s return will be 1.02% and that in recovery the firm’s return will be 24.47%
The expected to return for two possible outcomes for the economy will be 1.02%.
This is further explained below.
What is a recession?Generally, In the field of economics, a recession is a contraction of the business cycle that occurs when there is a widespread decrease in economic activity.
When consumers cut down their spending across the board, this often leads to economic recession.
In conclusion, As the chance of recession is 19%, it seems quite probable that the firm will have a return of that of recession. This means that at a recession of 19% recession the return rate will equal the to return of said recession and the for this case is given as 1.02%
Hence, It is forecasted that the firm's return in recession will be 1.02%,
Therefore, Firms return will be 1.02%.
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online retailer ebuy had been drastically losing market share to its competitors. the management hired a reputed consulting firm to advise the company. the experts from the consulting firm pointed out that the company primarily lost out on its competitive advantage due to its poor customer service, including slow response times to customer inquiries and unclear return policies. these ineffective policies and procedures led to many disgruntled customers and a steady migration to more customer-friendly retailers. ebuy can best solve its problem by working on its
Ebuy can best solve its problem by working on its support activities.
As per the given question, this problem of losing market share of Ebuy because of its competitors could be sorted out by working on its 'support activities', as such activities would thus assist them in working out on the effective and efficient execution of the activities which would indeed uplift the value of the company by redefining its current and future operations.
So, in order for a company to function properly, its primary activities, large or small are to be carried out properly. Thus, these activities as they are for the progress of the company, they must be supported by support activities, which covers all primary activities.
Hence, support activities are carried out by the business.
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