Uber is a start-up company that became a unicorn due to its impressive market valuation of $76 billion at the time of its initial public offering (IPO). A unicorn refers to a start-up company that achieves a market valuation of over $1 billion. This valuation makes Uber a black swan, which is a rare and unexpected event that has a significant impact on the market. The company has disrupted the traditional taxi industry with its innovative ride-sharing business model, which allows individuals to become drivers and earn income through the platform.
Uber's success has also made it a charter company, which refers to a company that pioneers a new industry or business model. Its disruptive technology has led to the birth of other ride-sharing companies such as Lyft. Additionally, Uber is not an ecomagination entity, which is a term used to describe a company that focuses on creating sustainable technologies to address environmental challenges.
Finally, Uber is not a sweetheart, which refers to a company that is favored by a government or industry association. Instead, the company has faced regulatory challenges and criticism from the taxi industry. Overall, Uber's market valuation and success as a unicorn have made it a significant player in the transportation industry.
To know more about Uber is a start-up company click this link -
brainly.com/question/17307498
#SPJ11
How does persistence assist a school leaver to become a successful business owner
Persistence is a key trait that enables individuals to overcome challenges, persevere through setbacks, and stay committed to their goals and aspirations.
Persistence is the ability to continue striving towards goals and objectives despite obstacles, failures, or difficulties. For a school leaver aspiring to become a successful business owner, persistence becomes a valuable asset in several ways.
Firstly, starting and growing a business requires resilience in the face of inevitable challenges. Persistence allows entrepreneurs to navigate obstacles, adapt to changing circumstances, and find creative solutions to problems. It helps them remain focused and determined, even when faced with setbacks or initial failures.
Secondly, building a successful business takes time and effort. It involves long hours, hard work, and the willingness to learn from mistakes. Persistence allows individuals to stay committed to their vision, push through difficult times, and maintain motivation and enthusiasm for their entrepreneurial journey.
Additionally, persistence is essential for continuous learning and improvement. Successful business owners understand that setbacks and failures are part of the process. They use these experiences as learning opportunities, adjust their strategies, and persistently pursue growth and innovation.
Learn more about business, below:
https://brainly.com/question/13160849
#SPJ11
two or more persons who agree to carry on as co-owners of a business for profit is called a(n)______________:
Two or more persons who agree to carry on as co-owners of a business for profit are called a partnership.
A partnership is a business structure where two or more individuals, known as partners, come together to carry on a business for profit. The partners contribute resources, such as capital, labor, or expertise, and share in the profits and losses of the business.
In a partnership, the co-owners have a legal agreement, often known as a partnership agreement or articles of partnership, which outlines the terms and conditions of their partnership. This agreement specifies the responsibilities, rights, and obligations of each partner, including their respective contributions, profit-sharing ratios, decision-making processes, and other important aspects of the business.
Partnerships can take various forms, such as general partnerships where all partners have unlimited liability for the business's debts and obligations, or limited partnerships where there are both general partners (with unlimited liability) and limited partners (with limited liability).
Learn more about Partnerships here:
https://brainly.com/question/9909227
#SPJ11
Bramble Corp. had average operating assets of $3600000 and sales of $1800000 in 2016. If the controllable margin was $720000, the ROI was A. 20% B. 50% C. 80% D. 40%
The Return on Investment (ROI) is 20%. Option A
How to calculate the Return on Investment (ROI)To calculate the Return on Investment (ROI), we can use the formula:
ROI = Controllable Margin / Average Operating Assets
Given that the average operating assets are $3,600,000 and the controllable margin is $720,000, we can substitute these values into the formula:
ROI = $720,000 / $3,600,000
Simplifying the expression:
ROI = 0.2
Learn more about Return on Investment (ROI), at https://brainly.com/question/11913993
#SPJ1
Suppose that you (i.e., company XYZ) are a US-based exporter of goods to Switzerland. You will be receiving payment on a shipment of imported goods (CHF100,000) in three months and want to hedge your currency exposure. The US risk-free rate is 6% and the Switzerland risk-free rate is 4% per year. The current spot rate is $1.1/CHF, and the three-month forward rate is $1.2/CHF. You can also buy a three-month option on CHF at the strike price of $1.25 /CHF for a premium of $0.05/CHF.
1.If XYZ enters a forward contract today, the guaranteed dollar proceeds for this CHF obligation in three months should be $?
2.If XYZ wants to hedge the transaction exposure using money market hedge, XYZ should ______________.
A) borrow PV of CHF and buy USD today, and deposit USD in the bank and sit on it.
B) buy PV of CHF today using USD, and deposit CHF in the bank and sit on it.
3.If XYZ uses MMH, the guaranteed dollar proceeds in three months should be $?
4.By comparing forward hedge and money market hedge, which strategy (forward/MMH) would you prefer to use?
The premium for the option hedge is relatively high compared to the potential benefits, making it less attractive.
1. If XYZ enters a forward contract today, the guaranteed dollar proceeds for this CHF obligation in three months should be $120,000 ($1.2/CHF x CHF100,000).
2. If XYZ wants to hedge the transaction exposure using money market hedge, XYZ should buy PV of CHF today using USD, and deposit CHF in the bank and sit on it. This means that XYZ would convert USD to CHF today at the spot rate of $1.1/CHF, which would give them CHF90,909.09. They would then deposit this amount in a Swiss bank account for three months, earning interest at the Swiss risk-free rate of 4% per year.
3. If XYZ uses MMH, the guaranteed dollar proceeds in three months should be $91,431.81 (CHF90,909.09 x 1.04^0.25 x $1.1/CHF).
4. By comparing forward hedge and money market hedge, I would prefer to use the money market hedge in this case because it allows XYZ to earn interest on the CHF while hedging their currency exposure. The forward hedge locks in a fixed exchange rate, but does not allow XYZ to earn interest on their funds.
To learn more about premiums, visit:
https://brainly.com/question/7979157
#SPJ11
what term refers to the legally mandated plans that try to increase job opportunities for minorities?
Affirmative Action refers to the legally mandated plans that aim to increase job opportunities for minorities.
Affirmative Action refers to a set of policies or programs that are legally mandated by governments or organizations to address historical disadvantages faced by certain groups, particularly minorities, in employment and education.
The purpose of Affirmative Action is to promote equal opportunity and diversity by actively seeking and implementing measures to increase the representation and participation of underrepresented groups in various fields.
These plans often involve setting specific goals and targets for hiring, promoting, or admitting individuals from minority groups. Affirmative Action is designed to combat discrimination and create a more inclusive and diverse society by providing opportunities and leveling the playing field for marginalized groups.
Visit here to learn more about organizations:
brainly.com/question/19334871
#SPJ11
Print-based résumés- use a format that ensures maximum scannability
follow an outline format with headings and bullet points
use shorter lines than scannable and electronic résumés
Print-based résumés are a traditional type of résumé that are typically printed on paper and presented in person or mailed to a potential employer. Print-based résumés use shorter lines than scannable and electronic résumés, which allows the reader to quickly scan the document and find the information they need.
To do this, print-based résumés use an outline format with headings and bullet points that break up the information into easily digestible sections. Additionally, print-based résumés use shorter lines than scannable and electronic résumés, which allows the reader to quickly scan the document and find the information they need. When creating a print-based résumé, it's important to keep in mind that the ultimate goal is to make it as easy as possible for the recruiter or hiring manager to quickly and efficiently read through your qualifications and experience.
This means that you should use clear, concise language, avoid lengthy paragraphs, and focus on highlighting your most relevant skills and experience. By doing this, you'll be able to create a résumé that not only stands out but also effectively communicates your value as a candidate for the position.
For more such questions on résumés
https://brainly.com/question/28211456
#SPJ11
Which of the following choices is not a step that can reduce your spending? a. Eating at home, rather than dining out b. Using budgeted cash only c. Forgoing premium cable TV channels d. Purchasing reduced fat lattes during the week Please select the best answer from the choices provided. A B C D.
The choice that is not a step that can reduce your spending is d. Purchasing reduced fat lattes during the week.
While options a, b, and c are all effective ways to reduce spending, purchasing reduced fat lattes during the week does not directly contribute to reducing expenses.
While it may be a healthier choice compared to regular lattes, it doesn't address the main aspect of spending money. The other options, such as eating at home instead of dining out, using budgeted cash only, and forgoing premium cable TV channels, are all practical measures that can help decrease expenditures and better manage personal finances.
To Know more about Budget
brainly.com/question/31086720
#SPJ11
a lawyer collected $730 of legal fees in advance. he erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is
A lawyer collected $730 of legal fees in advance. He erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is Cash 360, Accounts Receivable 370, and Unearned Service Revenue 730. The correct option is C.
The lawyer received $730 of legal fees in advance but mistakenly recorded a debit entry of only $370 to the cash account and a credit entry of $370 to the accounts receivable account. This error caused the lawyer to understate the cash account balance and overstate the accounts receivable balance, resulting in an incorrect financial statement.
To correct this error, the lawyer should debit the cash account for the remaining $360 and credit the accounts receivable account for the correct amount of $370. Additionally, the lawyer should credit the unearned service revenue account for the total amount of $730, as the legal services have not yet been performed.
In summary, the correcting entry for the lawyer's erroneous debit and credit entries involves debiting the cash account for the remaining amount, crediting the accounts receivable account for the correct amount, and crediting the unearned service revenue account for the total amount of legal fees collected in advance.
To know more about Accounts Receivable refer here:
https://brainly.com/question/31974988#
#SPJ11
Complete Question:
A lawyer collected $730 of legal fees in advance. he erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is?
a) Cash 360 Accounts Receivable 360
b) Cash 370 Accounts Receivable 360 Unearned Service Revenue 730
c) Cash 360 Accounts Receivable 370 Unearned Service Revenue 730
d) Cash 730 Service Revenue 730
Whether or not there is more that Starbucks can do to sustain the appeal of its stores as a "third place" that boosts store traffic.
(Click to select) Yes No
Yes, Starbucks can take additional steps to sustain the appeal of its stores as a "third place" that boosts store traffic.
They can enhance customer experiences by offering exclusive store events and workshops, such as coffee tastings or barista training sessions.
Introducing a loyalty program with more personalized rewards can also encourage frequent visits. To promote a sense of community, Starbucks can collaborate with local artists and musicians for in-store performances or art displays.
Furthermore, providing comfortable seating arrangements, improving Wi-Fi connectivity, and offering a broader range of menu options catering to various dietary preferences can attract more customers and maintain the appeal of Starbucks as a "third place" beyond home and work.
Learn more about Starbucks at https://brainly.com/question/32087952
#SPJ11
________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.
The term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is "just-in-time" (JIT) production.
JIT is a lean manufacturing approach that aims to eliminate waste, reduce inventory holding costs, and improve overall efficiency by synchronizing the production process with customer demand. In JIT production, materials and components are delivered to the production line precisely when they are required, minimizing the need for excess inventory and reducing the risk of holding obsolete or excessive stock. By adopting a just-in-time approach, companies can streamline their production processes, improve resource utilization, and enhance their responsiveness to customer demand.
Learn more about (JIT) production here: brainly.com/question/14069360
#SPJ11
which of the following is a change in accounting estimate achieved by a change in accounting principle? multiple choice question. change in depreciation methods. change in accounting for treasury stock from cost to par value method. change in accounting for construction contracts. change in inventory methods.
The change in accounting for treasury stock from cost to par value method is a change in accounting estimate achieved by a change in accounting principle.
A change in accounting estimate occurs when a company revises its estimates for future events and circumstances that affect the financial statements. A change in accounting principle occurs when a company adopts a new accounting principle that is different from the one previously used.
The change in accounting for treasury stock from cost to par value method involves a change in accounting principle because it is a new method of accounting for a particular transaction. Therefore, it is the only option among the given choices that qualifies as a change in accounting estimate achieved by a change in accounting principle.
To know more about stock visit:
https://brainly.com/question/31940696
#SPJ11
thutmach is a manufacturer of potato chips. it has been purchasing potatoes from vegofaz, a vegetable wholesaler, for about a decade. vegofaz offers discounts and benefits to thutmach, and thutmach, in turn, purchases potatoes only from vegofaz even when other wholesalers approach thutmach with better offers. in the context of the supplier component of a specific environment, this scenario best illustrates what type of behavior between thutmach and vegofaz?
The scenario between Thutmach and Vegofaz illustrates a type of behavior known as a supplier dependency relationship. This type of relationship occurs when a buyer becomes heavily reliant on a specific supplier for their resources and materials, such as in the case of Thutmach's consistent purchases of potatoes from Vegofaz.
The discount and benefits offered by Vegofaz also create a sense of loyalty and exclusivity towards the supplier, which can further strengthen the dependency relationship. This behavior can limit Thutmach's options and flexibility in terms of finding better deals and suppliers, but it also ensures a stable and reliable source of materials. Overall, the supplier dependency relationship between Thutmach and Vegofaz highlights the importance of strong relationships between buyers and suppliers in a specific environment.
To know more about buyer visit:
https://brainly.com/question/30468040
#SPJ11
KNX Corp commits to pay a dividend of $5.20 in year 1, $6.0 in year 2, and $7.5 in year 3, a share. After that, the annual dividend will be $11.00 per share indefinitely.
What is the value of KNX Corp today assuming investors require a return of 9.8 percent?
A.
$114.7
B.
$82.1
C.
$100.2
D.
$66.70
the value of KNX Corp today, assuming investors require a return of 9.8 percent, is $151.99. The closest answer choice to this value is (A) $114.7, which is incorrect.
To calculate the present value of KNX Corp, we need to find the present value of each of the individual dividend payments and the present value of the perpetual dividend.
First, let's calculate the present value of the first three years of dividends using the formula for the present value of a growing annuity:
PV = C / (r - g) * (1 - (1 + g / (1 + r))(-n))
where PV is the present value, C is the cash flow in year 1, r is the required rate of return, g is the growth rate, and n is the number of periods.
Using this formula, we get:
PV = 5.20 / (1 + 0.098 - 0.03) * (1 - (1 + 0.03 / (1 + 0.098))(-3)) + 6.00 / (1 + 0.098 - 0.05) * (1 - (1 + 0.05 / (1 + 0.098))(-2)) + 7.50 / (1 + 0.098 - 0.06) * (1 - (1 + 0.06 / (1 + 0.098))(-1))
PV = 16.42 + 16.09 + 7.24
PV = 39.75
Next, let's calculate the present value of the perpetual dividend using the formula for the present value of a perpetuity:
PV = C / r
where PV is the present value, C is the cash flow, and r is the required rate of return.
Using this formula, we get:
PV = 11.00 / 0.098
PV = 112.24
Finally, we can add the present value of the first three years of dividends to the present value of the perpetual dividend to get the total present value:
Total PV = 39.75 + 112.24
Total PV = 151.99
Learn more about annuity here:
https://brainly.com/question/31852400
#SPJ11
a block transaction is one where at least __________ shares are traded; these account for approximately __________ of all trading.
A block transaction is one where at least 10,000 shares are traded. These account for approximately 10% of all trading.
Block transactions are typically executed by institutional investors who trade large volumes of securities. The large size of these transactions can affect the price of the security being traded, which is why they are often executed outside of the public market.
Additionally, block transactions are usually negotiated between the buyer and seller rather than being executed on an exchange. This allows for more flexibility in terms of price and timing. Overall, block transactions are an important component of the securities market and play a significant role in the trading activity of institutional investors.
Learn more about block transaction here:
brainly.com/question/17031044
#SPJ11
Firefighters are paid less than professional baseball players because there is a higher ______ of firefighters than great baseball players.
Firefighters are paid less than professional baseball players because there is a higher abundance or availability of individuals willing to work as firefighters.
Compared to the limited number of exceptional baseball players. The demand for professional baseball players is typically higher due to factors such as the popularity and financial success of the sport. This limited supply of highly skilled baseball players creates a competitive environment where their salaries can reach astronomical levels. On the other hand, the supply of individuals willing to work as firefighters tends to be higher, as it is a noble profession with a strong sense of public service. This increased supply of firefighters allows employers to set wages at a lower level due to the larger pool of potential candidates available for the job. Thus, the disparity in pay between firefighters and professional baseball players can be attributed to the disparity in supply and demand for their respective professions.
Visit here to learn more about Firefighters:
brainly.com/question/28436633
#SPJ11
Is assurance provided by a CPA firm performing compilation or preparation services?
No assurance is provided whatsoever.
Answer:
Explanation:
Yes, that is correct. When a CPA firm performs compilation or preparation services, no assurance is provided whatsoever. Compilation and preparation services involve assisting clients in organizing and presenting their financial information in the form of financial statements.
However, these services do not include performing detailed procedures, verification, or independent assessment of the information provided by the client. As a result, the CPA firm does not express an opinion or provide any form of assurance on the accuracy, completeness, or reliability of the financial statements.
It's important for users of the financial statements to understand that compilation or preparation services do not offer the same level of assurance as an audit or review engagement, where the CPA firm provides an opinion on the financial statements based on specific procedures and standards.
know more about financial statements: brainly.com/question/14951563
#SPJ11
When a company switches from the three-sigma quality control model to the six-sigma quality control model, it is _____.
Question 10 options:
decreasing the standard deviation of the manufacturing processes from one-sixth to one-twelfth of the spacing between USL and LSL
increasing the spacing between USL and LSL from three to six standard deviations of the manufacturing processes
increasing the spacing between USL and LSL from six to 12 standard deviations of the manufacturing processes
decreasing the standard deviation of the manufacturing processes from one-third to one-sixth of the spacing between USL and LSL
A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal or a combination of the two. Members of the company work together for a shared cause in order to accomplish clearly stated objectives.
A group of people can get together to form a corporation, which is a legal body used to conduct and manage commercial or industrial business operations. The business lines of an organization depend on its form, which can be a corporation, a partnership, or even a sole proprietorship.
Learn more about the Company here:
https://brainly.com/question/30532251
#SPJ1
British Columbia Lumber has a raw lumber division and a finished lumber division. The variable costs are as? follows:
Raw lumber? division:
$ 130 per 100? board-feet of raw lumber
Finished lumber? division: $ 170 per 100? board-feet of finished lumber
Assume that there is no? board-feet loss in processing raw lumber into finished lumber. Raw lumber can be sold at $ 255 per 100? board-feet. Finished lumber can be sold at $270 per 100? board-feet.British Columbia Lumber has a raw lumber division and a finished lumber division. The variable costs are as? follows:
Raw lumber? division:$130per 100? board-feet of raw lumber
Finished lumber? division:$170 per 100? board-feet of finished lumber
Assume that there is no? board-feet loss in processing raw lumber into finished lumber. Raw lumber can be sold at $255
per 100? board-feet. Finished lumber can be sold at $270 per 100? board-feet.
Requirement 1. Should British Columbia Lumber process raw lumber into its finished? form? Show your calculations.
Begin by selecting the formula you will use to make your decision. Then enter the amounts in the formula. ?(Use parentheses or a minus sign when entering? losses.)
Incremental revenues
-
Incremental costs
=
Gain/(loss) on further processing
$15
-
$170
=
$(155)
Based on? above, British Columbia Lumber should not process raw lumber into its finished form.
Requirement 2. Assume that internal transfers are made at 120% of variable cost. Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain.
Begin by calculating each? division's operating income under both actions. Start with the decision to sell as raw lumber. ?(Round your answers to the nearest whole dollar. Enter a? "0" for amounts with a zero value. Use parentheses or a minus sign when entering? losses.)
Sell as
raw lumber
Raw lumber division:
Division revenues
$255
Division variable costs
130
Division operating income (loss)
$125
Finished lumber division:
Division revenues
$0
Transferred-in costs
0
Division variable costs
0
Division operating income (loss)
$0
Sell as
finished lumber
Raw Lumber Division:
$156
130
$26
Finished Lumber Division:
$270
156
170
$(56)
Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain.
The raw lumber division will maximize reported division operating income by (Selling Raw Lumber/ Either selling raw lumbar or processing further/ Processing raw lumbar further), Which (Coinsides with/ Is contrary to) the action preferred by the company as a whole.
The finished lumber division will maximize division operating income by (), Which () The action preferred by the company as a whole.
3. Assume that internal transfers are made at market prices. Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain
The raw lumber division will maximize reported division operating income by (Selling Raw Lumber/ Either selling raw lumbar or processing further/ Processing raw lumbar further), Which (Coinsides with/ Is contrary to) the action preferred by the company as a whole.
The finished lumber division will maximize division operating income by (), Which () The action preferred by the company as a whole.
If internal transfers are made at market prices, the raw lumber division will still maximize its division operating income by processing raw lumber further into finished lumber.
Based on the given information, it is not profitable for British Columbia Lumber to process raw lumber into its finished form. The incremental revenue gained from selling finished lumber is only $15, which is less than the incremental cost of $170, resulting in a loss of $155.
Assuming internal transfers are made at 120% of variable cost, the raw lumber division will maximize its division operating income by processing raw lumber further into finished lumber, as it will generate an operating income of $26. However, this action is contrary to the action preferred by the company as a whole, which is to sell raw lumber. On the other hand, the finished lumber division will maximize its division operating income by selling raw lumber, as it will generate an operating loss of $56 if it processes raw lumber further into finished lumber.
If internal transfers are made at market prices, the raw lumber division will still maximize its division operating income by processing raw lumber further into finished lumber. However, the action preferred by the company as a whole may depend on various market factors and other considerations beyond just maximizing division operating income. The finished lumber division will still maximize its division operating income by selling raw lumber, as the incremental revenue from selling finished lumber is less than the incremental cost of processing raw lumber further into finished lumber.
To know more about raw lumber visit:
https://brainly.com/question/11863957
#SPJ11
A manager of an investment center can improve ROI by o reducing sales. o increasing variable costs, increasing average operating assets. Sreducing variable and/or controllable fixed costs.
One option for improving ROI is to reduce sales. This might seem counterintuitive, but it can be an effective strategy if the business is struggling to maintain profitability. By reducing sales, the company can focus on its most profitable products or services, which can help to increase margins and boost ROI.
Another approach is to increase variable costs. This can be a useful strategy if the company is able to increase the price of its products or services to offset the higher costs. By doing so, the business can maintain or even increase its margins, leading to a higher ROI. However, if the company is unable to pass on the higher costs to customers, this strategy can lead to lower profits and a decreased ROI. Increasing average operating assets is another way to improve ROI. This involves investing more in the company's operations, such as purchasing new equipment or expanding facilities.
Finally, reducing variable and/or controllable fixed costs can be a useful strategy for improving ROI. By cutting costs, the company can reduce its expenses and boost its margins, leading to a higher ROI. This strategy is often viewed as a safer option than increasing sales or investing in new assets, as it doesn't require a significant upfront investment.
To know more about ROI visit:-
https://brainly.com/question/17273333
#SPJ11
There are two companies. Company 1 has a Beta of .4 and Company 2 has a Beta of 1.8. Which of these companies is an electric utility and which is a technology company?
As a company uses more and more equity in its capital structure (and less debt) what is it doing to the financial risk of the company – increasing it or decreasing it?
You are running a company with two divisions. One division is high risk and the other division is low risk. Which division should (or is expected to) earn a higher rate of return or ROIC? Why?
Do most industries have the same optimal financing mixture, or does it change depending on the industry? Explain.
You are running a company with two divisions. One division is high risk and the other division is low risk.
Company 1, with a Beta of 0.4, is likely the electric utility company as it has a lower Beta value, indicating lower risk and less volatility compared to the market. Company 2, with a Beta of 1.8, is likely the technology company as it has a higher Beta value, suggesting higher risk and greater volatility compared to the market.
As a company uses more equity and less debt in its capital structure, it is decreasing its financial risk. This is because equity financing does not require fixed interest payments, unlike debt financing. In a company with two divisions, one high risk and one low risk, the high-risk division is expected to earn a higher rate of return or ROIC. This is because investors demand higher returns to compensate for the additional risk they are taking. Most industries do not have the same optimal financing mixture, as it changes depending on the industry. Factors such as the nature of the business, growth rate, and industry risk profile affect the optimal financing mixture for each industry. In summary, Company 1 is likely the electric utility company, and Company 2 is the technology company. Using more equity decreases financial risk, and the high-risk division is expected to earn a higher rate of return. The optimal financing mixture varies by industry.
To learn more about market, visit:
https://brainly.com/question/29576179
#SPJ11
A company's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Multiple Choice 4.2% 24.1% 75.9%. $83.750.
Company's gross margin ratio is 24.1%. The correct answer among the multiple-choice options you provided is 24.1%.
What is the gross margin ratio of a company that had a gross profit of $83,750 and net sales of $347,800?Hi! To calculate a company's gross margin ratio, you can use the following formula:
Gross Margin Ratio = (Gross Profit / Net Sales) * 100
In this case, the company's gross profit is $83,750 and its net sales are $347,800. Using the formula:
Gross Margin Ratio = ($83,750 / $347,800) * 100
Now, divide $83,750 by $347,800:
Gross Margin Ratio = 0.24086 * 100
Multiply the result by 100 to get the percentage:
Gross Margin Ratio = 24.086%
Round the result to one decimal place:
Gross Margin Ratio = 24.1%
So, the company's gross margin ratio is 24.1%. The correct answer among the multiple-choice options you provided is 24.1%.
Learn more about gross margin
brainly.com/question/28146062
#SPJ11
In the early 1970's, home mortgage lenders were predominantly depository institutions focused on collecting local savings deposits and using these funds to make local mortgage loans. The savings institutions of this era of mortgage financing are more commonly referred to as:
In the early 1970s, the majority of home mortgage lenders were depository institutions, which means that they primarily accepted local savings deposits and used these funds to provide mortgage loans to individuals looking to buy a home.
These savings institutions were commonly referred to as savings and loan associations (S&Ls) or savings banks. These institutions played a critical role in the American mortgage market, particularly during the post-World War II era when there was a significant demand for affordable housing.
S&Ls were different from commercial banks in that they were often community-focused and operated with a different set of regulations. They were established as a way to encourage homeownership, particularly among working-class families who couldn't otherwise afford to purchase a home. S&Ls typically offered lower interest rates on mortgages than commercial banks, making homeownership more accessible to a broader range of people.
However, by the 1980s, the S&L industry had become plagued by fraud and mismanagement. Many S&Ls had made risky investments, such as speculative real estate projects, that had failed, leaving the institutions insolvent. The government was forced to step in and bail out the failing S&Ls, which resulted in significant reforms to the industry.
Today, S&Ls still exist, but they have evolved to become more like traditional banks, offering a range of financial products and services beyond just mortgage lending. However, their legacy as a critical player in the early days of the American mortgage market still endures.
For more such questions on depository institutions
https://brainly.com/question/29632003
#SPJ11
The savings institutions of this era of mortgage financing are more commonly referred to as "thrift institutions.
"Thrift institutions, also known as savings institutions, were a prominent type of financial institution in the early 1970s that played a significant role in home mortgage financing.
These institutions primarily included savings and loan associations (S&Ls) and savings banks.
Thrift institutions had a distinct business model focused on collecting deposits from local savers, typically in the form of savings accounts, and using these funds to provide mortgage loans to borrowers within their communities. They emphasized residential mortgage lending and played a vital role in providing access to homeownership for many individuals and families.
The primary source of funds for thrift institutions came from local savings deposits. These institutions attracted depositors by offering competitive interest rates on savings accounts and providing a safe place to save and accumulate wealth. The collected deposits were then channeled into mortgage lending, supporting local housing markets and economic growth.
During this period, thrift institutions were subject to regulations that imposed certain restrictions on their operations. For example, they were often required to allocate a certain percentage of their assets to mortgage lending, ensuring a focus on housing finance.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
if an organization announces a downsizing, who would be most affected by the emotional impact?
In the event of an organization announcing a downsizing, the emotional impact can vary among individuals within the organization. However, certain groups of people are more likely to be significantly affected by the announcement like employees facing layoffs.
The employees who are directly impacted by the downsizing, facing potential job loss, tend to experience a significant emotional impact. They may feel shock, fear, anxiety, and uncertainty about their future job prospects, financial stability, and career trajectory. The emotional toll can be particularly high for those who have been with the organization for a long time or have strong emotional attachments to their work. Even employees who are not directly affected by the downsizing may still experience emotional consequences. They might feel survivor guilt, fear for their own job security, or experience increased workloads and stress due to the loss of colleagues.
Learn more about anxiety here:
brainly.com/question/30792789
#SPJ11
which type of loan provides short-term financing for the purpose of developing improvements on vacant land or on land that has improvements, but will soon have more?
The type of loan that provides short-term financing for the purpose of developing improvements on vacant land or land that will soon have more improvements is commonly known as a "construction loan" or "land development loan."
Construction loans are typically used by developers or individuals to fund the construction or development of a property. These loans provide financing for the construction process, including the costs associated with land preparation, building materials, labor, and other related expenses. The loan is usually disbursed in stages or draws, as construction milestones are met.
Land development loans specifically focus on financing the development of raw or vacant land into a more developed state. This can involve activities such as site preparation, infrastructure development, grading, utility installations, and other improvements necessary for future construction or use.
Both construction loans and land development loans are usually short-term in nature, as they are designed to be repaid or refinanced once the construction or development is completed. The borrower may then seek long-term financing, such as a mortgage, to pay off the construction loan or land development loan.
Learn more about Construction Loan here -: brainly.com/question/31170313
#SPJ11
A Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred.
Oct. 15 Sold $30,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge.
25 Made sales of $900 on Visa credit cards. The credit card service charge is 2%.
Journalize the transactions.
The company sold $30,000 accounts receivable to Fast Factors, Inc with 3% finance charge on Oct 15, and made a $900 sale on Visa credit cards with a 2% service charge on Oct 25. They received $29,100 and $882 respectively, and recorded $900 and $18 as expenses.
The journal entries for the transactions in August would be as follows:
Oct. 15:
Cash $29,100
Finance Charge (expense) $900
Accounts Receivable $30,000
To record the sale of $30,000 of accounts receivable to Fast Factors, Inc., who assesses a 3% finance charge.
Oct. 25:
Cash $882
Credit Card Discount (expense) $18
Sales $900
To record the sale of $900 on Visa credit cards, with a credit card service charge of 2%.
On October 15, the company sold $30,000 of accounts receivable to Fast Factors, Inc. and received cash of $29,100, reflecting the 3% finance charge assessed by Fast Factors. The $900 finance charge is recorded as an expense, reducing the net proceeds to $29,100.
On October 25, the company made a sale of $900 on Visa credit cards, with a credit card service charge of 2%. The company received cash of $882 (reflecting the 2% service charge), and the credit card discount of $18 is recorded as an expense.
In summary, these journal entries reflect the transactions of selling accounts receivable and making a credit card sale, with corresponding expenses for finance charges and credit card discounts.
To know more about accounts receivable refer here:
https://brainly.com/question/31816697#
#SPJ11
benefit levels for social security are determined by a formula that reflects length of time worked and the amount of wages earned.
T/F
The statement is generally true. Benefit levels for Social Security are determined by a formula that takes into account the length of time worked and the amount of wages earned.
The Social Security program in many countries, including the United States, provides benefits to eligible individuals based on their work history and earnings. The benefit levels are determined by a formula that considers two primary factors: the length of time worked and the amount of wages earned during that time. The length of time worked is taken into account through the concept of "work credits" or "quarters of coverage." To be eligible for Social Security benefits, individuals must earn a certain number of work credits, which are accumulated based on their earnings and the number of years worked. The more work credits an individual has, the higher their benefit level may be.
Additionally, the amount of wages earned plays a role in determining the benefit levels. Social Security benefits are calculated using a formula that takes into account the average indexed monthly earnings (AIME). The AIME is calculated based on an individual's earnings history, adjusted for inflation, and the formula applies a progressive benefit structure to determine the monthly benefit amount. Therefore, it can be concluded that the statement is generally true, as the formula for determining Social Security benefit levels incorporates the length of time worked and the amount of wages earned.
Learn more about Social Security here:
https://brainly.com/question/31217122
#SPJ11
The labor-force participation rate is computed as: (employed / adult population) x 100. (employed / labor force) x 100. (labor force / adult population) x 100.
The labor-force participation rate is computed as: (labor force / adult population) x 100.
The labor force consists of individuals who are either employed or actively seeking employment. The adult population refers to the total number of individuals of working age, typically defined as those who are 16 years or older.
By dividing the labor force by the adult population and multiplying by 100, we can calculate the labor-force participation rate, which represents the percentage of the adult population that is either employed or actively looking for work.
To know more about labor-force refer here
https://brainly.com/question/13962639#
#SPJ11
Each year banks with assets over $10 billion are subject to an assessment of the sufficiency of their bank capital under severe macroeconomic conditions called a. a liability test b.Stress test c.loan test d.disclosure test
The correct term for the assessment of the sufficiency of a bank's capital under severe macroeconomic conditions for banks with assets over $10 billion is stress test. Option B is correct.
A stress test is a comprehensive analysis that evaluates a bank's ability to withstand adverse economic scenarios such as recessions, stock market crashes, and other financial crises. The stress test is conducted by the bank's regulator to ensure that the bank has enough capital to absorb losses during such adverse events.
During a stress test, the bank's financial data and models are subjected to different scenarios, including severe macroeconomic conditions, to determine how the bank would perform under stress.
The results of the stress test are used to determine whether the bank needs to take corrective actions to improve its capital position, such as raising additional capital or adjusting its risk management practices.
Therefore, option B is correct.
Learn more about macroeconomic https://brainly.com/question/30044582
#SPJ11
The National Park Service Monopoly. The National Park service grants a single firm the right to sell food and other goods in Yosemite Nationial Park. a. What are the trade-offs associated with this policy? Who gains and who loses? OA. More goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. O B. More goods will be sold at higher prices. The firm will gain and consumers will lose. C. Fewer goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. D. Fewer goods will be sold at higher prices. The firm will gain and consumers will lose.
The National Park service grants a single firm the right to sell food and other goods in Yosemite National Park. More goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. Thus, option (a) is correct.
Granting a single firm the right to sell food and other goods in Yosemite National Park creates a monopoly. A monopoly is socially inefficient because it leads to higher prices, lower output, and a deadweight loss.
In this case, the trade-offs associated with this policy are that more goods will be sold at higher prices, and the firm will gain while consumers will lose.
As a result, the significance of the National Park Service Monopoly are the aforementioned. Therefore, option (a) is correct.
Learn more about on monopoly, here:
https://brainly.com/question/31918762
#SPJ1
Joetta Hernandez is a single parent with two children and earns $ a year. Her employer's group life insurance policy would pay 2. 5 times her salary. She also has $ saved in a 401(k) plan, $ in mutual funds, and a $ CD. She wants to purchase term life insurance for 15 years until her youngest child is self-supporting. She is not concerned about her outstanding mortgage, as the children would live with her sister in the event of Joetta's death. Assuming she can receive a percent after-tax, after-inflation return on insurance proceeds, use the earnings multiple method to calculate her insurance need. How much more insurance does Joetta need to buy? What other information would you need to know to use the needs approach to calculate Joetta's insurance coverage? Click on the table icon to view the PVIFA table LOADING.
Assuming she can receive a percent after-tax, after-inflation return on insurance proceeds and using the earnings multiple method, Joetta's insurance need is $
nothing. (Round to the nearest dollar. )
Enter your answer in the answer box and then click Check Answer.
1
part remaining
Data Table
Present Value of an Annuity of $1 (PVIFA)
n
%
%
%
%
%
%
%
%
%
%
The amount of insurance Joetta needs using the earnings multiple method cannot be determined without the given information.
The earnings multiple method calculates the amount of insurance needed based on a multiple of Joetta's annual income. However, the question does not provide Joetta's annual income, making it impossible to determine the exact amount of insurance she needs using this method.
To use the needs approach to calculate Joetta's insurance coverage, additional information would be required. The needs approach considers various factors such as outstanding debts, future expenses (such as education costs for the children), and any financial support Joetta would want to provide to her children or dependents in the event of her death. Without these specific details, it is not possible to calculate Joetta's insurance coverage using the needs approach.
Learn more about insurance here:
https://brainly.com/question/30242025
#SPJ11