Business High School
Answers
Answer 1
Statler Corporation spent $3,230 in cash to purchase inventory during the period in question.
To find out how much cash was spent to purchase inventory, we need to use the formula:
Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold
We have the beginning and ending inventory balances, so we can solve for purchases:
$760 (Beginning Inventory) + Purchases - $590 (Ending Inventory) = $3,400 (Cost of Goods Sold)
Purchases = $3,400 + $590 - $760
Purchases = $3,230
This means that $3,230 was spent to purchase inventory.
Statler Corporation spent $3,230 in cash to purchase inventory, based on the given beginning and ending balances for accounts payable and inventory, as well as the cost of goods sold figure. Using the formula Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold, we can calculate the value of purchases. The beginning and ending balances for accounts payable were also given, but were not needed in this calculation.
Statler Corporation spent $3,230 in cash to purchase inventory during the period in question. It is important to accurately track and manage inventory, accounts payable, and cost of goods sold in order to effectively manage cash flow and make informed business decisions.
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Related Questions
read each question and choose the best answer. why did business leaders, such as andrew carnegie, set up universities, museums, and libraries? a. to profit from the expanding education sector b. to avoid paying income taxes on their wealth c. to help the disadvantaged through education d. to prove that they did not believe in social darwinism
Answers
Option (c), Business leaders like Andrew Carnegie set up universities, museums, and libraries in order to help the disadvantaged through education.
The establishment of universities, museums, and libraries by business leaders like Andrew Carnegie was primarily motivated by their desire to give back to society and contribute to its betterment through education. These institutions were meant to provide access to education, culture, and knowledge to the masses and help bridge the gap between the rich and poor.
Moreover, business leaders believed that education was a key factor in social progress and development, and thus, they wanted to invest in it. This was not done with the aim of profiting from the expanding education sector or to avoid paying income taxes on their wealth, as these were not the primary motivations for their philanthropic actions.
In summary, the main reason for business leaders to set up universities, museums, and libraries was to contribute to society's betterment through education and help bridge the gap between the rich and poor.
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what is the possible agency conflict between inside owner/managers and outside shareholders?
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Governance structures are used to mitigate agency conflicts between inside owners/managers and outside shareholders to ensure decisions are made in the best interests of the company as a whole.
Agency conflict refers to the potential conflicts of interest between two parties in a business relationship. In the case of inside owners/managers and outside shareholders, the agency conflict arises from the fact that the interests of these two groups may not always align.
Inside owners/managers have a vested interest in maximizing their own personal gain, which may sometimes conflict with the interests of outside shareholders who have invested in the company. This may lead to a situation where the inside owner/manager makes decisions that benefit themselves at the expense of the shareholders, such as prioritizing short-term profits over long-term growth or engaging in risky or unethical behavior to increase their personal wealth.
To mitigate this agency conflict, companies often implement governance structures such as independent boards of directors, performance-based compensation plans, and transparency in financial reporting. These mechanisms aim to align the interests of inside owners/managers with those of outside shareholders and ensure that decisions are made in the best interests of the company as a whole.
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you've estimated the following cash flows (in $) for a project: year cash flow 0 -50,000 1 115,000 2 -60,000 the required return for the project is 15%. attempt 1/20 for 1.5 pts. part 1 what is the mirr for the project?
Answers
The MIRR for the project is 18.68%.
To calculate the Modified Internal Rate of Return (MIRR) for the project, we first need to determine the future value of the positive cash flows and the present value of the negative cash flows at the required rate of return.
Future value of the positive cash flows:
Year 1: FV1 = 115,000 x (1 + 0.15) = 132,250
Year 2: FV2 = -60,000 x (1 + 0.15)^2 = -78,390
Present value of the negative cash flow:
Year 0: PV0 = -50,000
Next, we can calculate the MIRR using the formula:
MIRR = ((FV of positive cash flows / PV of negative cash flows)^(1/n)) - 1
where n is the number of years in the project (in this case, n = 2).
MIRR = ((132,250 - 78,390) / 50,000)^(1/2) - 1
MIRR = 0.1868 or 18.68%
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When calculating federal income taxes, "income" includes all of the following categories except
A. Earned income.
B. Alimony.
C. Investment income.
D. Active income.
E. Passive income.
Answers
The correct answer is D. Active income.
When calculating federal income taxes, "income" typically includes earned income (such as wages and salaries), investment income (such as interest, dividends, and capital gains), and passive income (such as rental income and income from a business in which the taxpayer does not materially participate).
Alimony is also typically included in income for tax purposes, unless the divorce decree or separation agreement specifies otherwise. However, "active income" is not a distinct category of income for tax purposes. It is a term that is often used in finance and accounting to refer to income that is earned through active participation in a business or profession, as opposed to passive investment income.
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canal industries has provided the following information: net income, $200,000 preferred shares issued, 5,600 weighted average number of shares of common stock issued, 23,600 cash dividends declared and paid on common stock, $26,000 market price per share, $32 weighted average number of treasury shares of common stock, 3,600 what is canal's price/earnings ratio?
Answers
Canal Industries' price/earnings (P/E) ratio can be calculated by dividing the market price per share by the earnings per share (EPS).
First, we need to calculate the EPS by subtracting the preferred dividends from the net income and then dividing by the weighted average number of shares of common stock issued.
Net income - Preferred dividends = $200,000 - $0 = $200,000
EPS = ($200,000) / (23,600 - 0 + 3,600) = $200,000 / 27,200 = $7.35 per share
Next, we can calculate the P/E ratio by dividing the market price per share by the EPS:
P/E ratio = Market price per share / EPS = $32 / $7.35 = 4.35
Therefore, Canal Industries' P/E ratio is 4.35.
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what is the chief product of the "golden triangle" of southeast asia?
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The chief product of the "Golden Triangle" in Southeast Asia is opium. The "Golden Triangle" is a region located at the intersection of Thailand, Laos, and Myanmar (formerly known as Burma).
The term "Golden Triangle" was coined during the 1920s when the region emerged as a prominent center for opium production.
The mountainous terrain, favorable climate, and limited government control made it an ideal location for illicit cultivation of the opium poppy (Papaver somniferum). The area has been associated with various drug trafficking organizations, warlords, and insurgent groups that rely on the opium trade as a primary source of income.This area has a long history of opium production and was once one of the world's most significant sources of illegal opium and its derivatives, such as heroin.Over the years, efforts have been made to reduce opium cultivation and production in the "Golden Triangle." Various initiatives, such as crop substitution programs and alternative development projects, have been implemented to provide farmers with alternative sources of income. Although opium production has declined significantly in the region, it still remains a challenge due to ongoing conflicts, weak law enforcement, and the persistent demand for opium and its derivatives.In summary, the "Golden Triangle" of Southeast Asia is primarily known for its opium production, which has had significant social, economic, and political consequences in the region and beyond.
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mr. and mrs. churchill operate a small business. this year, the churchills sold a commercial office building used in their business for $1.5 million. they purchased the building in 2000 for a cost of $1.4 million and had deducted $538,000 macrs depreciation through date of sale. the churchills should characterize the $638,000 gain recognized on sale as:
Answers
The $638,000 gain recognized on the sale of the commercial office building should be characterized as a long-term capital gain. This is because the Churchills held the building for more than one year before selling it.
To calculate the amount of the gain, we need to start with the sales price of $1.5 million and subtract the building's adjusted basis. The adjusted basis is the original cost of $1.4 million plus the accumulated depreciation of $538,000, which gives us a total adjusted basis of $1.938 million. $1.5 million (sales price) - $1.938 million (adjusted basis) = ($438,000) loss However, since the Churchills sold the building for more than its adjusted basis, they actually have a gain of $638,000. This gain is subject to capital gains tax, which is generally lower than ordinary income tax rates. The exact amount of tax the Churchills will owe on the gain depends on their income tax bracket and other factors, such as whether they have any capital losses to offset the gain. However, they can expect to pay a tax rate of between 0% and 20% on the gain, depending on their situation. In conclusion, the $638,000 gain recognized on the sale of the commercial office building should be characterized as a long-term capital gain and will be subject to capital gains tax.
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true or false a solicited proposal is one that you send to a customer who has not requested it.
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False. A solicited proposal is a type of business proposal that is submitted in response to a request or invitation from a prospective client.
This request can come in the form of a formal Request for Proposal (RFP) or a more informal request from a client asking for a proposal to address a specific problem or need. In this case, the client has initiated the request, and the proposal is being sent in response to that request.
On the other hand, an unsolicited proposal is one that is sent to a prospective client without any prior request or invitation. These proposals are typically sent by businesses or individuals who have identified a potential problem or need for a client and are seeking to offer their services or solutions. Unsolicited proposals can be more challenging to succeed as there is no pre-existing relationship with the client, and they may not have a specific need or budget for the proposed solution.
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if the japanese stock market bubble peaked at 37,500, and two and a half years later it had fallen to 25,900, what was the percentage decline? -69.07 percent -10.31 percent -30.93 percent -27.63 percent
Answers
Answer:
the percentage decline is approximately 30.93%. Among the given options, the correct answer is "30.93 percent."
Explanation:
decisions for tomorrow suppose a person who is developing a card game crowdfunds $35,000 and holds this as cash for future expenses. if this $35,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 20 percent?
Answers
The reserve ratio is the percentage of a bank's deposits that it is required to hold in reserve and cannot lend out. In this case, if the reserve ratio is 20 percent, it means that the bank holding the donor's checking accounts must hold onto 20 percent of the $35,000, or $7,000, and can lend out the remaining $28,000.
However, since the card game developer is holding onto the $35,000 as cash for future expenses, it is not being deposited into a bank account and is not part of the money supply.
Therefore, the reserve ratio is not applicable in this situation and the money supply will not fall as a result of the $35,000 crowdfunding.
It is important to note that if the developer were to deposit the $35,000 into a bank account, the reserve ratio would come into play and the money supply would be affected.
But since the scenario does not involve a deposit into a bank account, the answer is that the money supply will not fall due to crowdfunding.
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a taxpayer acquires a business on june 1 of the current year. included in the purchase price was $12,000 for the purchase of a three-year covenant not to compete. the taxpayer's amortization expense with respect to the covenant for the current year is:
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The Taxpayer's amortization expense with respect to the covenant not to compete for the current year is $4,000.
Amortization is an accounting technique used to decrease the cost of an asset over a period of time.
Amortization expense for the covenant not to compete can be calculated using the straight-line method over the useful life of the covenant. In this case, the covenant has a useful life of three years.
For determining the amortization expense of the covenant for the current year, we divide the total purchase price of $12,000 by the useful life of three years, that is:
Amortization Expense for the covenant = Purchase Price / Useful Life
Amortization Expense for the covenant = $12,000 / 3
Amortization Expense for the covenant = $4,000
Hence, the taxpayer's amortization expense for the covenant not to compete for the current year is $4,000.
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This model considers both people in a conversation to be senders & receivers simultaneously:
a)actional
b)transactional
c)interactional
d)none of these
Answers
The model that considers both people in a conversation to be senders and receivers simultaneously is called the b) transactional model.
In this model, communication is seen as a dynamic and reciprocal process where both parties are actively involved in the exchange of information and messages. The transactional model takes into account the feedback and response of each person and emphasizes the importance of context and shared understanding.
This model recognizes that communication is not a one-way street but rather a complex process that involves constant negotiation and interpretation.
Unlike the actional model, which sees communication as a series of actions or behaviors, the transactional model recognizes the interdependence of communicators and the role of context in shaping meaning. Therefore, the transactional model is the correct answer to the question as it best reflects the complexity and intricacy of human communication.
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president nixon increased his popularity just before the 1972 election by: group of answer choices removing all price controls from the markets. lowering income taxes before the election. increasing social security benefits. lowering taxes after the election.
Answers
President Nixon increased his popularity just before the 1972 election by lowering income taxes before the election.
So, the correct answer is B.
This was a strategic move to win over voters by putting more money in their pockets and boosting consumer spending.
He also removed all price controls from the markets, which was aimed at stimulating economic growth and reducing inflation.
However, his decision to increase social security benefits was not a factor in his popularity. Interestingly, Nixon actually increased taxes after the election, which was not well received by the public.
Ultimately, his economic policies played a crucial role in his success in the 1972 election and his popularity among voters.
Hence, the answer of the question is B.
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opportunity entrepreneurs are those who start their own business because they lost a job. true or false?
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Opportunity entrepreneurs are those who start their own businesses because they lost their jobs. The above statement is False.
An entrepreneur is a person who decides to take the risk of launching a new business. Entrepreneurship is the aggregation of capital and labor to produce things or services for profit. Entrepreneur realizes their idea by founding a business to carry it out.
An entrepreneur is someone who establishes or runs their own company. Entrepreneurs are businesspeople who succeed by taking chances, whether they be in the farming, retail, manufacturing, or service sectors.
An entrepreneur is a person who decides to take the risk of launching a new business.
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if an s corporation's beginning balance in oaa is zero and the following transactions occur, what is the entity's ending oaa balance?
Answers
The S Corporation's ending OAA balance would be $10,000 . The ending balance of an S Corporation's OAA (Owners' Equity Account) can be determined by analyzing the transactions that occurred during the period.
If an S Corporation's beginning balance in OAA is zero and the following transactions occur, the entity's ending OAA balance can be calculated as follows:
1. The S Corporation issues common stock worth $10,000. This transaction increases the OAA balance by $10,000.
2. The S Corporation generates a net income of $5,000 during the year. This transaction increases the OAA balance by $5,000.
3. The S Corporation distributes dividends of $3,000 to its shareholders. This transaction decreases the OAA balance by $3,000.
4. The S Corporation reports a loss of $2,000 during the year. This transaction decreases the OAA balance by $2,000.
Therefore, the ending OAA balance for the S Corporation would be:
Beginning OAA balance: $0
+ Common stock issued: $10,000
+ Net income generated: $5,000
- Dividends distributed: $3,000
- Net loss reported: $2,000
= Ending OAA balance: $10,000
In conclusion, the S Corporation's ending OAA balance would be $10,000 based on the transactions listed above.
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costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the
a. quality loss function. b. Ishikawa diagram. c. process chart. d. ISO 9000 quality cost calculator. e. Pareto chart.
Answers
The costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the quality loss function. The quality loss function is a mathematical model that relates the quality of a product or service to the costs associated with producing, selling, and using it.
The quality loss function is a tool used in quality management to understand the relationship between the quality of a product or service and the costs associated with it. It is used to identify and quantify the costs associated with poor quality, including the costs of dissatisfaction, repair costs, and warranty costs.
The costs of dissatisfaction include lost sales, customer complaints, and damage to reputation. Repair costs include the costs of fixing defects and errors in the product or service, while warranty costs include the costs of providing guarantees and after-sales service. By understanding the costs associated with poor quality, organizations can take steps to improve their processes and products, reduce costs, and increase customer satisfaction.
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The scalping of tickets for an event is a sign that the stated price on the ticket is a. equal to the quantity demanded. b. equal to the market clearing price. c. below the market clearing price. d. above the market clearing price.
Answers
The answer is (d) above the market clearing price.
The practice of scalping tickets for an event occurs when the demand for tickets exceeds the supply at the stated price, indicating that the price is below the market clearing price. This leads to a shortage of tickets, and scalpers are able to charge a premium for the tickets they have obtained, which indicates that the market clearing price is higher than the stated price.
In economic terms, the market clearing price is the price at which the quantity of tickets demanded by consumers is equal to the quantity supplied by ticket sellers. When the stated price is below the market clearing price, it creates excess demand for the tickets, which results in a shortage of tickets. This shortage creates an opportunity for scalpers to purchase tickets at the stated price and sell them at a higher price to consumers who are willing to pay more to attend the event.
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An advertisem*nt stating "Buy now: no money down" is a persuasive-type ad.
True False
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True. An advertisem*nt stating "Buy now: no money down" is a persuasive-type ad. This advertisem*nt uses a persuasive technique known as "zero-percent financing" or "no money down."
It aims to persuade potential customers to make a purchase by eliminating the initial financial barrier of a down payment. This ad is intended to convince consumers to act quickly and make a purchase, rather than delaying or considering other options.
The ad's persuasive nature is reflected in its language, which is designed to appeal to the consumer's desire for immediate gratification and savings. The reason is that persuasive advertisem*nts aim to influence the audience's behavior or opinion by presenting appealing information or offers. In this case, the ad tries to convince potential customers to make a purchase by offering the opportunity to buy the product without an initial payment, making it more attractive and accessible.
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Which of the following scheduling techniques is most appropriate today for managing a project?
A. BAR charts B. Milestone charts C. PERT charts D. Precedence charts
Answers
Today, the most appropriate scheduling technique for managing a project is- C. PERT charts.
What does it stand for?
PERT stands for Program Evaluation and Review Technique. It is a tool that helps project managers to plan, schedule, and manage complex projects.
PERT charts are more flexible than other scheduling techniques like BAR charts, Milestone charts, and Precedence charts. They can handle multiple dependencies, uncertainties, and risks.
PERT charts use probabilistic estimates to calculate the expected completion time of each task, and the overall project. This makes them ideal for projects that involve research, development, or innovation. PERT charts also help project managers to identify critical path tasks and to optimize resources.
Overall, PERT charts provide a more accurate and realistic view of project schedules, which is crucial for project success.
Hence, the correct option is c.
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kennesaw credit union offers a 4.25%, 15-year mortgage. sadie wants to borrow $300,000 and purchase enough negative points to eliminate her $9,000 closing costs. each point increases her apr by 0.125% and reduces the bank's closing costs by 1% of the principal. a. how many points will she need? 3 b. what will her new apr be? 4.625% (round your answer to 3 decimal places) c. what is the breakeven time for sadie's loan? (express your answer in months)
Answers
a. 3 points, b. New APR = 4.625%, c. Breakeven time is 180 months.
a. To calculate the number of points needed, we can first find out how much 1% of the principal is.
1% of $300,000 = 0.01 * $300,000 = $3,000
Sadie wants to eliminate $9,000 in closing costs, so we need to determine how many points she needs to buy.
$9,000 / $3,000 = 3 points
So, Sadie needs 3 points to eliminate her closing costs.
b. To find her new APR, we need to add the increase for each point to the original APR.
Original APR: 4.25%
Increase per point: 0.125% * 3 points = 0.375%
New APR = 4.25% + 0.375% = 4.625%
c. To calculate the breakeven time, we need to find out the monthly savings due to the reduced closing costs and then divide the cost of the points by the monthly savings.
Monthly savings = ($9,000 closing costs eliminated) / (15 years * 12 months/year) = $50 per month
Cost of points = 3 points * $3,000/point = $9,000
Breakeven time = $9,000 / $50 per month = 180 months (15 years)
So, the breakeven time for Sadie's loan is 180 months, or 15 years.
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expenses january february march rent $1,500.00 $1,500.00 $1,500.00 water $32.67 $28.24 $38.15 electricity $118.92 $98.72 $84.53 cable tv $78.75 $78.75 $78.75 which expenses are variable expenses for trina during these three months? f water and electricity only g rent, water, and electricity h rent and cable tv only j cable tv only
Answers
The variable expenses for Trina during these three months are water and electricity. So, the correct choice is F.
Variable expenses are costs that change based on usage or consumption, unlike fixed expenses, which remain constant. In this case, we have four types of expenses: rent, water, electricity, and cable TV. Rent ($1,500.00) and cable TV ($78.75) costs are the same for all three months, indicating they are fixed expenses. However, water and electricity costs change over the three months, which means they are variable expenses.
The water expenses are $32.67, $28.24, and $38.15 for January, February, and March, respectively. The electricity expenses are $118.92, $98.72, and $84.53 for the same month. Therefore, Trina's variable expenses during these three months are water and electricity only (choice F).
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What does bodily injury liability coverage do? (1 point)
It covers damage to the named car if the accident is a hit-and-run or
the other driver does not have insurance or enough insurance.
It covers medical costs to the driver and passengers of the named
vehicle.
It covers damage to other people's property caused by the named
O driver, such as the other person's car or some other object like a
fence or a mailbox.
It covers injury or death to others caused by the named driver or
named car.
Answers
It covers injury or death to others caused by the named driver or named car bodily injury liability coverage do. Thus, option (e) is correct.
When you are at fault in an accident, bodily injury liability insurance pays for the medical expenses and lost wages of other people. It covers damage or fatalities brought on by the specified driver or named vehicle to third parties.
The costs of treating you and your passengers' injuries as well as repairing any damage to automobiles or other property are not covered by bodily injury liability insurance.
As a result, the significance of the bodily injury liability coverage do are the aforementioned. Therefore, option (e) is correct.
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an exchange of products between two parties under two distinct contracts expressed in monetary terms is
Answers
An exchange of products between two parties under two distinct contracts expressed in monetary terms is a **barter transaction**.
In a barter transaction, the two parties exchange goods or services without using money as a medium of exchange. Instead, the goods or services are valued in monetary terms, and the value of each item is compared to determine a fair exchange rate. For example, if one party provides $100 worth of goods, and the other party provides $80 worth of goods, then the exchange rate would be 1.25, meaning that one party would receive 1.25 units of the other party's goods for every unit of their own goods. Barter transactions can be useful for parties who may not have access to cash or who may want to avoid transaction fees associated with traditional payment methods. However, they can be more difficult to value and may require additional record-keeping and accounting efforts.
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at its most basic form, a marketing channel consists of the producer and the ________.
Answers
Answer:
At its most basic form, a marketing channel consists of the producer and the customer. A Marketing channel is a system of individuals, organizations, and activities involved in the process of moving a product or service from the producer to the customer.
This process involves a number of intermediaries such as wholesalers, retailers, and distributors who help in the movement and distribution of the product or service to the final customer.
The marketing channel is also known as the distribution channel, and its main objective is to deliver the product or service to the right place, at the right time, and in the right condition, to meet customer needs and preferences.
The marketing channel also provides the producer with the opportunity to gather feedback from customers and use it to improve the product or service and create more value.
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Which of the following is the best way to erase the losses of deficit financing for a TV show?
A)
Selling the program into rerun, or off-network, syndication
B)
Selling national and local advertising spots
C)
Selling the program to individual affiliates
D)
Renting the program to the networks
E)
Time shifting
Answers
The best way to erase the losses of deficit financing for a TV show would be to- A. sell the program into rerun or off-network syndication.
What does this entail?
This means that the show's distribution rights are sold to other networks or platforms for them to broadcast the show again.
This can generate a significant amount of revenue for the producers and can help them recover the losses incurred during the production of the show.
Selling national and local advertising spots can also generate revenue, but it may not be as effective as syndication. Selling the program to individual affiliates or renting it to networks may not generate as much revenue as syndication or advertising spots.
Time shifting, which refers to recording the program and watching it later, is not a revenue-generating strategy.
Hence, option A. is correct.
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the building blocks of financial statement analysis include liquidity and efficiency, solvency, profitability, and market prospects. group startstrue or false
Answers
The building blocks of financial statement analysis typically include four key areas: liquidity and efficiency, solvency, profitability, and market prospects. True statement.
Each of these areas provides valuable insights into a company's financial health and can be used to assess its overall performance and potential for growth.
Liquidity and efficiency analysis focuses on a company's ability to meet its short-term obligations and efficiently manage its resources. This includes measures such as current ratio, quick ratio, and inventory turnover. Solvency analysis, on the other hand, looks at a company's long-term financial stability and ability to meet its debt obligations. Key ratios in this area include debt-to-equity ratio and interest coverage ratio.Profitability analysis assesses a company's ability to generate profits over time, which is essential for long-term growth and success. Key ratios in this area include return on assets, return on equity, and gross profit margin. Finally, market prospects analysis looks at a company's growth potential and future prospects, including measures such as price-to-earnings ratio and market capitalization.Overall, financial statement analysis is a critical tool for investors, analysts, and stakeholders to evaluate a company's performance and make informed decisions.
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in considering the role of younger family members, the best philosophy is to recognize that____. a) child should have a right to a job in the business if he or she desires. b) children should have a right to choose their own careers. c) sibling rivalry will always be an issue with second-generation managers. d) no family member should be hired at any level.
Answers
The best philosophy in considering the role of younger family members in a family business is to recognize that children should have the freedom to choose their own career paths.
While it is important to provide opportunities for younger family members to learn about the business and gain experience, they should not be forced into a role they do not desire.
It is also important to consider the qualifications and skills of family members before hiring them in any position. Sibling rivalry may be a potential issue, but it can be managed through open communication and clear expectations.
Ultimately , the decision to hire a family member should be based on their ability to contribute to the success of the business.
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The simple quantity theory of money predicts that an increase in M of 5 percent will lead to an ______in P of __5%.
Answers
The simple quantity theory of money predicts that an increase in M of 5 percent will lead to an increase in P of 5%.
This is based on the equation of exchange, MV=PT, where M represents the money supply, V represents the velocity of money, P represents the price level, and T represents the level of transactions in the economy. When the money supply increases, assuming velocity and transactions remain constant, prices must rise in order to maintain equilibrium in the equation of exchange.
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The total amount of stock that a corporation's charter allows it to issue is referred to as:
A) Issued stock
B) Outstanding stock
C) Common stock
D) Preferred stock
E) Authorized stock
Answers
The correct answer is E) Authorized stock. Authorized stock refers to the maximum number of shares of stock that a corporation is authorized to issue, as stated in its articles of incorporation.
This number is typically set at the time the corporation is formed, and can be increased or decreased by amending the articles of incorporation.
Issued stock refers to the shares of stock that have been actually sold to investors, while outstanding stock refers to the shares that are currently held by investors. Common stock represents ownership in a corporation and typically carries voting rights, while preferred stock generally does not carry voting rights but has a priority claim on the company's earnings and assets.
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how do well-financed groups, such as the u.s. chamber of commerce, influence public opinion?
Answers
Well-financed groups like the U.S. Chamber of Commerce can influence public opinion in a number of ways.
Firstly, they can fund media campaigns, such as advertisem*nts or social media posts, that promote their views and shape public opinion on certain issues.
Additionally, they can use their financial resources to hire lobbyists and engage in direct advocacy efforts to persuade politicians to support their interests.
This can also indirectly influence public opinion as politicians are often seen as representatives of their constituents. They can also use their resources to commission studies or polls that support their positions, which can then be cited in debates and discussions to bolster their arguments.
Overall, the financial power of these groups gives them a significant platform to shape public opinion and influence policy decisions.
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