When airlines charge higher prices for seats in the Economy section Exit rows that have more leg room, they are using demand oriented pricing strategy.
What is demand oriented pricing strategy?This is a strategy, used by a seller inorder to set the price of a product at a limit within the buying capacity of the targeted consumers.
It is to be noted that demand-oriented attempts to set price at level that intended buyers are willing to pay.
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Tyler works as a senior customer service associate at a large financial services firm. When the stock market closes each day, he is responsible for entering the closing prices of funds and processing withdrawals. These responsibilities would likely be considered as
Tyler is employed by a sizable financial services company as a senior customer service associate. He is in charge of entering the closing values of funds and executing withdrawals each day when the stock market closes. These duties would probably be regarded as routine task performance.
Routine task performance
Routine task performance involves well-known reactions to demands that come up normally, routinely, or in another predictable fashion. For routine-cognitive activities, routine task input is most prevalent in either clerical vocations or in jobs such as machine operators or assembly workers (for routine- manual tasks). 27 Each task is rated from one to 10, with ten denoting the task that is most frequently performed in this occupation. 28 We tested with a few somewhat different classification schemes.
The average of "Set Limits, Tolerances, or Standards" (routine cognitive tasks), which measures adaptability to situations requiring the precise attainment of set limits, tolerances, or standards, and "Finger Dexterity" (routine manual tasks), which measures ability to move fingers and manipulate small objects with fingers quickly or accurately.
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Suppose demand for soy beans, which are sold in a perfectly competitive market, permanently increases. What will happen to the price and quantity of soy beans in the long-run
Answer:
price will increase and the quantity will fall over time
The Treasury yield curve is Downward sloping. Empirical data indicate that a positive maturity risk premium applies to both Treasury and corporate bonds. Empirical data also indicate that there is no liquidity premium for Treasury securities but that a positive liquidity premium is built into corporate bond yields. Which of the following is not necessarily correct
A 5-year corporate bond must have a higher yield than a 10-year Treasury bond.
What do you understand by corporate bond?
A firm can raise funds by issuing debt in the form of corporate bonds. Corporate bonds can be actively traded on the secondary market, but when an investor purchases one, they are making a loan to the company in exchange for several interest payments.
What do you mean by Treasury Bond?
Treasury bonds (sometimes known as T-bonds) are fixed-rate debt instruments issued by the US government, with maturities ranging from 10 to 30 years. T-bonds offer semi-annual interest payments up until maturity when the owner is given the bond's face value.
Why do corporate bonds have a higher yield than Treasury bonds?
Since corporate bonds carry a risk of default but Treasury bonds are guaranteed if held to maturity, corporate bonds often have a higher yield than Treasury bonds.
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When you feel cold, you engage in behavior to reduce this unpleasant feeling, for example, by putting on your coat. This desire to reduce internal tension is a crucial aspect of ________ theory.
This desire to reduce internal tension is a crucial aspect of the drive-reduction theory.
What is drive-reduction theory?It corresponds to a psychological theory developed by Clark Hull, who believed that individuals are motivated to meet their basic needs, which are psychological and physiological needs.
Therefore, a behavior to reduce the unpleasant sensation of cold would be a physiological motivation proposed by the drive-reduction theory.
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it is your job to take customer orders and ensure items are in stock. it is alex's job to package and deliver those istemrs to the custmoer.
it's his job to take customer orders and make sure the items are in stock, his role is a stockist, and it's alex's job to pack and deliver these istemrs to the customer, he's a packer.
What are the functions of a stockist?A stockist is responsible for managing the stock, receiving goods and knowing where each type of product is. This professional should organize the products and separate them by categories to make it easier to find them.
What is a packer?The Packer packs, bags and boxes the goods. He also provides support by transporting products to the various areas of an establishment. In addition to checking the weight, prices and codes of the merchandise, this professional is responsible for forwarding documents, objects and serving customers.
With this information, we can conclude that his role is a stock clerk, and it is the job of packer Alex.
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Todd Smith works at a retail store selling sports equipment. His daily tasks include opening the store, creating the work schedules, processing payroll, overseeing sales and inventory, and training employees. At what level of the organizational pyramid would you categorize Todd
Todd is at the managerial level of the organizational pyramid.
What is the organizational Pyramid?A well-liked form of organizational leadership in business is the pyramid structure. Because there are a lot fewer leaders than employees, an organizational chart that lists everyone on it naturally has a pyramid shape. Executives, managers, and personnel make the three main tiers of a pyramid organizational structure. The executive level is at the top of a pyramid organizational structure, which has declining levels from middle management to the lower levels staff of the organization. Each upper level of the structure is supposed to be supported by the pyramid's lower levels in order for it to work. This is a conventional organizational structure system that is frequently associated with bureaucracy.
What are the roles assigned to the three levels of the organizational pyramid?The fundamental idea behind a pyramid organizational structure is that lower levels of the company obey orders from higher up. In essence, the executives are in charge of all significant business operations. This covers the general vision, strategy, and operations. Managers typically work directly for executives and are in charge of overseeing certain divisions or goods. Staff assists managers by carrying out duties that carry out orders from the executive level.
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The shares of Home Mortgage Corporation are publicly traded in securities markets. Home Mortgage Corporation is
The shares of Home Mortgage Corporation are publicly traded in securities markets. Home Mortgage Corporation is a publicly held corporation.
What is a public corporation?This is an organization, whose shares are openly traded on a stock exchange, which is owned by the government.
It is to be noted that a public corporation is one that has sold all or part of its stock to the general public through an initial public offering (IPO).
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the government is one of three primary types of insurers. government insuarance provides protections against fundemental risks.
This government insurance program is an example of Social Security.
Social security is the protection that a society provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity or loss of a breadwinner.
What is an Example of Social Security?An example of Social Security is a monthly check received by a retired worker which is based on the age of the worker and the amount of money the worker has earned over their work history. A federal program, created under the Social Security Act of 1935, that is designed to provide some financial support to retirees.Effective social security systems guarantee income security and health protection, thereby contributing to the prevention and reduction of poverty and inequality, and the promotion of social inclusion and human dignity.
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Correct Question - The government is one of three primary types of insurers. Government insurance provides protections against fundamental risks. This is an example of which government insurance program?
Tubifor, Inc. purchases all available imported lumber so it can resell it at a quantity and rate that it prefers.
This trade restraining practice is a good example of controlling output because Tubifor, Inc. is purchasing all of the available output so that nobody else can purchase and they will be the sole owner and they can charge whatever price they want to charge.
Overall, the United States imports most foreign hardwood floors from Canada, China, Sweden, Indonesia, and Brazil. In addition to Malaysia, all these countries, with the exception of Sweden, are also important sources of hardwood moldings. But this example highlights the complexity of timber flows and international markets.
Imported lumber is Hardwood, softwood, plywood, or MDF are the four main types of wood that can be used for any type of woodworking project, and the following will give you confidence in choosing the right type of wood for your project.
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If the marginal benefit of the first donut is 30 , the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10, what is the total benefit from eating 2 donuts?.
The total benefit from eating 2 donuts is 45.
What Does Marginal Gain Mean?A consumer's utmost willingness to pay for an additional commodity or service is known as the marginal benefit. It also refers to the additional pleasure or utility that a customer experiences after purchasing the extra commodity or service. As a consumer consumes more of a good or service, their marginal benefit tends to drop.
The term "marginal revenue" is frequently used in the business world to describe the manufacturers' marginal gain.
Calculation:
The extra enjoyment attained from eating one more unit of the good is referred to as a marginal benefit. It alludes to the benefit brought on by consuming one additional unit of a good. Total satisfaction obtained from using products and services is the overall gain.
The combined advantages of eating the first two doughnuts equal the benefits of eating two doughnuts.
= 30 +45
=45.
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Match each term with its description. Tiles human capital right gross domestic product infrastructure physical capital Pairs the direction a production possibilities curve shifts when the economy grows
All are terms relating to Economic Growth.
Right: the direction a production possibilities curve shifts when the economy grows.Tiles: Physical CapitalHuman capital: the skills and knowledge that employees bring to their jobs.Infrastructure: the items necessary for a business or community to function, such as railroads, airports, hospitals, and Internet.What is Economic growth of a country?When comparing one period of time to another, economic growth is a rise in the production of economic commodities and services. It can be calculated in nominal or real (inflation-adjusted) terms. Although other metrics are also employed, gross national product (GNP) or gross domestic product (GDP) are the most common ways to quantify overall economic growth. An economy is said to be experiencing economic growth when its total output rises. Gains in overall production frequently, but not always, correlate with higher average marginal productivity.In economic growth, there is a gain in income, which encourages people to spend more money on goods and services, raising the standard of living or quality of life in tangible terms.
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Answer:
This is the correct answer.
Explanation:
Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A mental budget
He need just keep in mind that he generates a profit of $50 per week if he only receives $100 per week and spends $50 of that for car insurance. A mental budget would be ideal because it is not complicated.
What is mental budgeting?Mental budgeting is fairly prevalent, and it is explained by having saving objectives, financial knowledge, a time-oriented mindset, and financial circumstances. Additionally, having an overview of spending and current accounts, as well as household financial management, were positively correlated with mental budgeting, along with the effects of financial status, time orientation, and financial awareness.
I understand the question you are looking for is this:
Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A. a software-based budget
B. a mental budget
C. a physical budget
D. a written budget
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____________reflect(s) the consequences of executing process steps. Group of answer choices Material Groups Organizational Data Transaction Data Project Management None of the above
(B) Transaction Data reflects the consequences of executing process steps.
What is transactional data?In the context of data management, transactional data is information recorded from transactions. In this sense, a transaction is a series of information exchanges and related activities (such as database updating) that is handled as a unit for the purpose of satisfying a request.Transaction Data reflects the outcomes of process steps being carried out.What is Organizational Data?Organizational data describe the fundamental properties of organizations, their internal structures and processes, and their behavior as corporate players in various social and economic environments.What is project management?Project management is the process of managing a team's effort to fulfill all project goals within the limits set. This data is typically described in project documentation, which is prepared at the start of the development process.As the definition itself states, Transaction Data reflects the outcomes of process steps being carried out.
Therefore, (B) transaction Data reflects the consequences of executing process steps.
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Complete question:
____________reflect(s) the consequences of executing process steps. Group of answer choices Material Groups
(A) Organizational Data
(B) Transaction Data
(C) Project Management
(D) None of the above
The fee to be paid to a buyer's broker by a buyer-client is determined by agreement between:____.
The fee to be paid to a buyer's broker by a buyer-client is determined by the agreement between the buyer's broker and the buyer
A broker is an individual or company that acts as an intermediary between investors and a stock exchange. Brokers can also refer to the firm's role when acting as the client's agent and charging the client a fee for their services.
The definition of a broker is someone who buys and sells things on behalf of others. Someone you hire to buy stocks for you on the stock market is an example of a broker. They are intermediaries between two parties. In stock market jargon, a broker is a person or company that executes buy and sell orders for investors at a fee or commission.
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As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances? How would a biblical worldview influence your decisions?
As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances
The Biblical worldview says there is a God—One who is personal, powerful and caring—who created the world and everything in it.
Cultivating a Biblical Worldview
Orgin – where did I come from?
Destiny – where am I going?
Purpose – why am I here?
Values – how should I live?
Truth – what is the truth?
If sharing truely makes experience. Partnering with a suitably qualified company can provide exquisite advantages.
A biblical worldview is depended upon the plans God has for my life, verses my personal desires, for example, I may need to be wealthy, however God may additionally simply want me to be at ease
The necessities inside the biblical worldview are:
God, humanity, Christ, recovery.“Worldviews no longer best effect how we apprehend and make experience of the sector round us however also have an impact on how we specific ourselves in the international. The constellation of personal values, beliefs, assumptions, attitudes, and thoughts that make up our worldview have an affect on our goals and goals, relationships and behaviors.
A biblical worldview affirms that God is the sovereign and almighty Lord of all lifestyles. Such an confirmation rejects any form of dualism, that count number has ceaselessly existed, or that be counted must, therefore, be evil given that it's far in principle opposed to God, the supply of all appropriate.
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Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called:________
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called Venture capital
Venture capital (VC) is a sort of private equity and financing provided by investors to start-up enterprises and small businesses with the potential for long-term growth. The majority of venture capital is often provided by wealthy individuals, investment banks, and other financial organizations.
A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds. Due to its unstable character, venture capital investing is also known as patient risk capital or risk capital.
A form of equity financing known as venture capital (VC) involves investing money in exchange for equity, usually a small interest in a business that appears to be set for rapid expansion.
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Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. Inventory as on January 31, 2022 represents three deluxe mixer purchased at a unit cost of $595.
The following transactions occur in February to May 2022.
Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,200 ($600 each), FOB destination, terms n/30.
16 She sells one deluxe mixer for $1,150 cash.
25 She pays the amount owed to Kzinski.
Mar. 2 She buys one deluxe mixer on account from Kzinski Supply Co. for $618, FOB destination, terms n/30.
30 Natalie sells two deluxe mixers for a total of $2,300 cash.
31 She pays the amount owed to Kzinski.
Apr. 1 She buys two deluxe mixers on account from Kzinski Supply Co. for $1,224 ($612 each), FOB destination, terms n/30.
13 She sells three deluxe mixers for a total of $3,450 cash.
30 Natalie pays the amounts owed to Kzinski.
May 4 She buys three deluxe mixers on account from Kzinski Supply Co. for $1,875 ($625 each), FOB destination, terms n/30.
27 She sells one deluxe mixer for $1,150 cash.
Determine the cost of goods available for sale. Cost of goods available for sale.
Answer:
LIFO:
Under LIFO method units purchased last are sold first.
Sold units included all units purchased on May 4, Apr. 1 and Mar. 2 and 1 unit purchased on Feb. 2
Cost of goods sold = 3*625+2*612+1*618+1*600 = $4,317
Ending inventory = Inventory as on January 31, 2014 and 1 unit purchased on Feb. 2 = 1785+600 = $2,385
Gross profit = sales-Cost of goods sold = 8050-4317 = $3,733
Gross profit rate = 3,733/8050 = 46.37%
FIFO:
Under FIFO method units purchased first are sold first.
Sold units included all units of beginning inventory, purchased on Feb 2, Mar 2 and 1 unit from Apr. 1 purchase
Cost of goods sold = 3*595+2*600+1*618+1*612 = $4,215
Ending inventory = 1 unit purchased on Apr 1 and all units of May 4 purchase = 612+1875 = $2,487
Gross profit = sales-Cost of goods sold = 8050-4,215= $3,835
Gross profit rate = 3,835/8050 = 47.64%
Average cost
Average cost per unit = 6702/11 = $609.273
Cost of goods sold = 7*609.273 = $4,264.91
Ending inventory = 4*609.273 = $2,437.09
Gross profit = sales-Cost of goods sold = 8050-4,264.91= $3785.09
Gross profit rate = 3785.09/8050 = 47.02%
Explanation:
If you were going to get a loan to purchase a new car, which financial intermediary would you use?
a. an investment bank.
b. a credit union
c. a commercial ban
If you were going to get a loan to purchase a new car, financial intermediary you would use is a commercial bank.
Financial intermediary is that entity that acts as an intermediary or the middlemen between the two parties during any financial transaction.
Financial intermediaries can be a commercial bank, an investment bank, pension fund or the mutual funds.
Commercial bank is that financial institution which offers different financial functions such as accepting deposits, offers various loans, offering checking account facilities, and also offers some basic facilities such as saving accounts to the customers.
It provides personal loans, mortgages, commercial loans to the customers.
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Household production, such as baking bread at home, is not included in gdp because it.
Household production, such as baking bread at home, is not included in GDP because it does not involve a market transaction.
What exactly is a market transaction?
The trading of commodities and services on a market. When calculating gross domestic product, the set of market transactions that take place in the economy is crucial (GDP). Market transactions offer the fundamental information that the Bureau of Economic Analysis' number crunchers use to start estimating GDP.
These number crunchers' objective is to assess economic production rather than merely market transactions. As a result, they boost economic production while removing those market transactions that do not entail it.
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Tanen inc. follows theory z and assumes a relationship between the company and the employee that is not typical in the united states. The company plans for?
Tanen inc. follows theory z and assumes a relationship between the company and the employee that is not typical in the united states. The company plans for long-term staff development and employment.
Developing staff members' knowledge, abilities, and competencies, in order to increase their effectiveness and efficiency for both themselves and the company, is referred to as staff development.
All types of development activities are included in staff development, including workshops, work shadowing, independent study, e-learning, internal or external courses, and scheduled experiences.
Within the constraints of the current budgetary allocation and the acknowledged business necessity, the Company shall endeavor to support persons in a number of ways.
Investing in staff development ensures that your business has the greatest team possible.
When staff members are adequately trained and that training is kept current, they can better assist consumers and provide an excellent customer experience.
Additionally, it demonstrates your willingness to invest in your employees, and they will reward you with greater loyalty and improved performance.
Hence, the company plans for long-term staff development and employment.
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Which of the following institutions makes up the largest part of the Federal Reserve System organization
The Correct answer choice for question 1 is : Federal Reserve Banks
What is Federal Reserve Banks?
While the Board of Governors is a sovereign government agency, the Federal Reserve Banks are set up like private companies. Member banks hold stock in the Federal Reserve Banks and earn profits. The Federal Reserve's interest is determined principally from the interest on U.S. government securities that it has received through open market operations.
AND
The Correct answer choice for question 2 is : Buy government securities
What is Recession?A recession is a business cycle recession which occurs in a general slowdown in financial activity. Macroeconomic indicators such as GDP, finance spending, capacity utilization, household income, business profits, and inflation fall, while failures and the unemployment rate rise.
Therefore, we can conclude that the correct option of 1 is (B) and 2 is (A).
Your question is incomplete, but most probably your full question was:
1. Which of the following institutions makes up the largest part of the Federal Reserve System organization?
A. Board of Governors
B. Federal Free Market Committee
C. Federal Reserve Banks
D. Member banks and other depository institutions
2. If the United States falls into a recession, which action would the Federal Reserve take to encourage employment?
A. Buy government securities
B. Increase reserve requirements
C. Raise federal funds and prime rates
D. Sell government securities
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Answer:
member banks and other depository institutions
Explanation:
just took the test
What purpose does tesla serve in the economy?
Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.
The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
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The Michener Corporation is trying to choose between the following two mutually exclusive design projects: 63000
The Michener Corporation Company must choose Project 2 as its more profitable. Here's why,
SOLUTION: -Profitability Index PI = ( PV of future cash flows) / Initial investment
PV of future cash flows = Σ CFn / ( 1 + r )ⁿ, where, CFn is the cash flow for year.
Required return = r = 11%
For Project 1,
PV of future Cash Flows
= 32000 / ( 1+0.11 ) + 32000 / ( 1+0.11 )² + 32000 / ( 1 + 0.11 )³ = $78198.87
Initial Investment = $63000
⇒ PI = 78198.87 / 63000 = 1.24
For Project 2,
PV of future Cash Flows
= 9750 / ( 1 + 0.11 ) + 9750 / ( 1 + 0.11 )² + 9750 / ( 1 + 0.11 )³ = $23826.21
Initial Investment = $18100
⇒P or profitability index = 23826.21 / 18100
= 1.32
Therefore, According to profitability index rule, project with highest PI should be selected. Hence, Project 2 should be selected.
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Ted Catering received $920 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Multiple Choice
Journal entry
Date account and explanation Debit credit
Cash 920
Unearned catering revenue 920
A magazine entry is a record of a business transaction for your business books. In double-entry bookkeeping, you're making a minimum of two magazine entries for every transaction. Due to the fact, that a transaction can create a variety of changes in an enterprise, a bookkeeper tracks all of them with magazine entries.
An example of journal access consists of the purchase of machinery through us of an in which the machinery account will be debited, and the cash account can be credited.
An instance of a magazine is a diary in which you write approximately what takes place to you and what you're questioning. An instance of a magazine is the new England magazine of medication, in which new research is posted which might be applicable to doctors and medicinal drugs.
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What is the process of analyzing financial data with ratios to compare a firm performance to competitors?
Ratio analysis is the process of analyzing financial data with ratios to compare a firm performance to competitors.
It is calculated by dividing a company's profit after tax (EAT) by its total capital and multiplying the result by 100%. A common analytical tool for profitability metrics is a cross-sectional analysis, which compares metrics for multiple companies in the same industry.
Relationship analysis is the process of determining and interpreting relationships between items in financial statements. Its purpose is to provide a meaningful understanding of the company's performance and financial data. It is therefore a technique for calculating key figures and analyzing financial statements.
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The process of comparing a company's financial ratios to a competitor or the industry average is known as benchmarking.
Explanation:Benchmarking is the process of comparing a company's financial ratios to a competitor or the industry average. It is a strategic management tool used to identify areas of improvement and set performance targets.
By comparing key financial ratios such as profitability, liquidity, and efficiency, companies can evaluate their financial performance in relation to their competitors and industry standards. This analysis helps companies identify strengths and weaknesses and make informed decisions to improve their financial performance.
Benchmarking provides valuable insights into how a company is performing compared to its competitors and the industry as a whole. It allows companies to identify best practices and learn from successful competitors. By setting performance targets based on industry benchmarks, companies can strive to achieve higher levels of financial performance.
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A waterfront home is valued at $3 million dollars. The seller and the buyer have assets of more than one million dollars. The parties have requested Designated Sales Associates, as each wants a single agent. What can the broker do
The broker may inform the buyer and seller that only non-residential transactions are eligible for the designated agency, and then request their signatures on a permission form before switching to transaction brokerage. This is further explained below.
What is a broker?Generally, a person who purchases and sells assets on behalf of other people.
In conclusion, The broker may inform the buyer and seller that authorized agencies are only permitted for non-residential transactions and get their signatures on a permission form before switching to transaction brokerage.
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To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through: Select one: a. horizontal analysis. b. segmented reporting. c. performance operating plans. d. sensitivity analysis. e. postaudits.
To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
What are post audits?The post-audit procedure establishes a formal process (feedback) for assessing whether existing initiatives should be continued, extended, or discontinued. That is, the post-audit gives useful information that can be used to fix problems before an investment's performance is jeopardized.The purpose of the post-audit review process is to ensure that management has addressed all of the recommendations given in the Audit Report. The Post-Audit Review occurs shortly after the agreed-upon implementation deadline, which management committed to in the management response.Therefore, to partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
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ABC Lending requires mortgage borrowers to prepay 12 months of property taxes and insurance at closing. Where must these funds be held
ABC Lending requires mortgage borrowers to prepay 12 months of property taxes and insurance at closing. In Escrow account must these funds be held.
What is Escrow account ?When two parties to a financial transaction agree to hold valuables like money, property deeds, and personal financial papers in an escrow account until certain requirements are met, the account is maintained by an outside entity.
Escrow is a legal arrangement in which a third party accepts and disburses funds or property on behalf of the principal parties to a transaction, with the disbursement subject to terms established by those parties.
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Cash that is restricted and is not available for current use may be reported in the balance sheet as:
Cash that is restricted and is not available for current use may be reported in the balance sheet separately from the income statement.
Restricted cash is mentioned one by one from cash and cash equivalents on an enterprise's stability sheet, and the reason the cash is limited is normally found out within the economic statement's accompanying notes.
Amounts commonly defined as confined cash and restricted cash equivalents are required to be included in the overall cash and cash equivalents within the statement of cash flows. The overall must reconcile to the same quantities at the assertion of assets and liabilities.
Cash that is confined for one year or much less is labeled underneath present-day assets, while cash restricted for more than a year is classified as a non-current asset.
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The BDO Seidman v. Hirschberg, 93 N.Y.2d 382 case focuses on: Group of answer choices Whether adequate records and documents are maintained. Whether personal relationships between company management and external auditors is allowed. Whether merger and acquisition services should be provided for an audit client. Whether a firm's protective covenants are reasonable in scope.
The BDO Seidman v. Hirschberg, 93 N.Y.2d 382 case focuses on Whether a firm's protective covenants are reasonable in scope.
BDO Seidman (BDO), the General Partnership of Certified Public Accountants, is appealing for confirmation of the Supreme Court's order dismissing the claims against defendants who were former CPA defendants.
The key issue before us is the invalidity of the "redemption clause" in the agreement between the parties that obliges the defendant to compensate within 18 months of BDO's dismissal for servicing clients at its Buffalo office. and whether it is a non-enforceable limitation.
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The BDO Seidman v. Hirschberg, 93 N.Y.2d 382 case focuses on:
- Whether merger and acquisition services should be provided for an audit client.
- Whether a firm's protective covenants are reasonable in scope.
- Whether adequate records and documents are maintained.
- Whether personal relationships between company management and external auditors is allowed.
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