Answer:
a commercial bank
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, a financial institution such as a commercial bank lending out the sum of money would request that the borrower provides a collateral, which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
In this scenario, Glenn and Maggie need a loan to reach their goal of one hundred twenty five shops.
Hence, the type of banking institution which is most suitable for Glenn and Maggie’s business is a commercial bank.
Business banking can be defined as the financial services such as business loans, cash management, lines of credit, trade finance, savings and checking accounts, tax planning, and securities trading provided by a commercial bank to business entities, corporations or companies.
In conclusion, a business bank such as a commercial bank is only focused on providing financial services to big businesses or corporations rather than individuals.
A commercial bank is the type of banking institution best suited for Glenn and Maggie's business, as it is an institution capable of providing adequate financial services for the expansion strategy of their juice bar chain.
What are the functions of a commercial bank?It provides several financial services to companies capable of managing investments such as long-term deposit funds, in addition to offering current accounts and loans essential for the flow of business.
Therefore, a commercial bank can help Glenn and Maggie achieve their expansion strategy through financial assistance and investment management so that the business achieves economic stability and market positioning.
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Central City was awarded two state grants during its fiscal year ending September 30, 2020: a $2 million block grant that can be used to cover any operating expenses incurred during fiscal 2021, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2020, Central City should recognize in grant revenue in its fund financial statement (in millions):
Answer:
$1 million
Explanation:
The computation of the grant revenue recognized in the fund financial statement is presented below;
Given that
The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment
So as per the given situation, the $1 million should be recognized
Therefore the same should be considered
Kindly suggest an effective strategy to help new entrants gain a significant share of the financial service market
Answer:
Franchising.
Explanation:
Franchising is an effective way to enter into market when a person has few or no knowledge about the market conditions. This is most suitable for food chains as there is no or minimum changes required for the operations. It is safe option for new entrants.
Explain one difference between international and home trade
Answer:
Mobility of Labor and Capital: "One very important difference between home trade and international trade is that labor and capital are not so mobile between different countries as they are in their own countries."
Explanation:
hope this helps c:
Answer:
Should be: Mobility of Labor and Capital
Explanation:
If the Forward Rate is expected to be an unbiased estimate of the future spot and Interest Rate Parity also holds, then: Group of answer choices Absolute forecast error would be zero Triangular arbitrage is not feasible Purchasing power parity holds Covered interest arbitrage is feasible International Fisher Equation holds
Answer:
International Fishers Equation holds.
Explanation:
If a forward exchange rate is an unbiased predictor of future spot rate then the forward rate will be equivalent to future spot spot rate. This hold international Fishers equation to be true as the interest rate parity and future spot are unbiased estimated of forward rate.
According to the Coase theorem, private parties can solve the problem of externalities if a. the cost of bargaining is small. b. the initial distribution of legal rights favors the person being adversely affected by the externality. c. the number of parties involved is sufficiently large. d. All of the above are correct.
Answer:
the cost of bargaining is small.
Explanation:
A good has externality if other economic agents that are not involved in either production or consumption are affected by economic activities
types of externalities
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low
Mary Delany, owner of Delany Salsas, is curious to know whether the new packaging for her line of salsas is being noticed by supermarket consumers. Accordingly, she ventures out to the local supermarket and passively watches the reactions of shoppers as they pass by one of the many Delany Salsas displays. Mary Delany is collecting ____ data through ____ methods.
Answer:
primary/observational
Explanation:
The primary data may be defined as the data or the information that is collected by the researcher or the experimenter directly from the subjects through any interviews or surveys. It is a first hand information or data collected directly from the source.
In the context, Mary Delany is collecting or gathering the data which is considered as a primary data through an observational methods. The data collected by Mary is primary because she collected the data first hand directly by visiting the local supermarkets from the customers.
And the method of gathering data is observational as she collected data by observing the people or the customers coming to the supermarkets and not by interviewing them.
So, the answer is primary/observational.
QUESTION 1 of 10: Chandra likes her new credit card. She uses it whenever she can, but she's careful to stay below her credit limit. After two months she notices her credit card bill includes huge finance charges. She chose her card because it featured 0% APR, so she doesn't think she should have any finance charges at all. What is the most likely explanation for the finance charges on Chandra's bill
Answer:
The introductory rate on the card is no longer in effect
Explanation:
Since in the question it is mentioned that after two months she notices that the credit card bill involves the high finance charges but she select the car that have % APR so here the explanation should be with respective to the finance charges is that the introductory rate would have no impact on the credit card
Therefore the same is to be considered
Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) ________ (asset/expense/revenue) and is reported on the ____________ (balance sheet/income statement) and merchandise that is sold during the period is considered a(n) _______ (asset/expense/liability) and reported on the ____________ (balance sheet/income statement). Multiple choice question. expense -> income statement -> asset -> balance sheet expense -> balance sheet -> asset -> income statement asset -> income statement -> expense -> balance sheet asset -> balance sheet -> expense -> income statement
Answer:
asset -> balance sheet -> expense -> income statement
Explanation:
The merchandise inventory that still available for the sale purpose should be treated as the asset and the same should be reported on the balance sheet. And, the merchandise that is sold so it is treated as an expense and the same should be reported on the income statement
Therefore the above answer should be considered
Sallie's SandwichesSallie's Sandwichesis financed using 20% debt at a cost of 8%. Sallie projects combined free cash flows and interest tax savings of $2 million in Year 1, $4 million in Year 2, $5 million in Year 3, and $117 million in Year 4. (The Year 4 value includes the combinedhorizon values of FCF and tax shields.) All cash flows are expected to grow at a 3% constant rate after Year 4. Sallie'sbeta is 2.0, and its tax rate is 34%. The risk-free rate is 8%, and the market risk premium is 4%. Using the data for Sallie's Sandwiches andthe compressed adjusted present value model, what is the total value (in millions)? Group of answer choices$72.37 $73.99 $74.49 $75.81 $76.45 Quizlet
Answer:
$76.45
Explanation:
Sallie Sandwiches used hybrid financing which means debt and equity both are used to finance business. The company's cost of financing will be;
Cost of debt : 8% + [ 2.0 * 4%] = 16%
Cost of financing : [0.2 * 8%] + [0.8 * 16%] = 14.4%
NPV discounted at 14.4% is $76.45
Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their cash flow?
A. They have a $5,000 surplus.
B. They have a $5,000 deficit.
C. They have a positive cash flow.
D. They have extra money that they could use for investments.
THE CORRECT ANSWER IS B. THEY HAVE A $5,000 DEFICIT.
i got it right on the test, i hope this helps :))
Answer:
B. They have a $5,000 deficit
Explanation:
The relationship between Income and Expenditure is that Income less expenditure gives us the Profit for the business. Therefore, Income ($25,000) less Expenditure ($30,000) gives a deficit of $5000.
Answer: They have a $5,000 deficit.
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
Answer:
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
Plzzz help me with this one
Answer:
what the question.....
Parker Industries is a small company with a big name! Parker Industries is actually a one-person company that imports strands of LED lights from China and sells them through its website. Parker's only overhead is a storage unit for inventory that costs $125 a month and a $25 monthly fee for website hosting. Currently, Parker imports the lights for $.99 each (including inbound shipping) and sells them for $4.49. Parker also pays shipping expenses of $.50 per light strand. If Parker is currently selling 50 units a month, what is Parker's monthly profit or loss?
A) $0
B) $224.50 (profit)
C) $49.50 (profit)
D) −$74.50 (loss)
Answer:
A
Explanation:
Profit = total cost - total revenue
total cost = fixed cost +variable cost
fixed cos =125 + 25 = 150
variable cost = 50 x (0.99 + 0.50) = 74.50
profit-earning distributed to the owner as a result of a profitable market production process. Profit is a metric of profitability, and it is the primary concern of the owner in the earnings context of market production. Several profit measurements are often used.
The correct option for Parker's monthly profit or loss A. 0
Profit = total cost - total revenue
Total cost = fixed cost +variable cost
Fixed cost = [tex]\text{cost of the stock} + \text{monthly charges of the stock}[/tex]
Fixed cost =125 + 25 = 150
Variable cost = [tex]\text{No. of units}\times (\text{import charges} + \text{shipping charges})[/tex]
Variable cost = [tex]50 \times (0.99 + 0.50)[/tex]= 74.50
Total cost = fixed cost +variable cost
Total cost = 150 + 74.50
Total revenue = [tex]\text{selling price}\times \text{no. of units}[/tex]
Total revenue = [tex]4.49 \times 50[/tex] = 224.50
Profit = total cost - total revenue
profit = 224.50 - 224.50 = 0
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organize an event using all functions of management
Answer:
1t1= 3
Explanation:
im smart
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In a perfectly competitive market: Group of answer choices every seller tries to distinguish itself by offering a better product than its rivals every seller tries to undercut the prices charged by its rivals every sellet takes the price of its product as set by market conditions one seller has successfully outcompeted its rivals so no other sellers remain
Answer:
Every seller takes the price of its product as set by market conditions.
Explanation:
The correct answer is "every seller takes the price of its product as set by market conditions".
In a perfectly competitive market, the price is determined by the market condition such as demand and supply. Thus, the price will be set at the level where the demand and supply curve intersects. So at this point, the price determined is called the equilibrium price.
Identify the goal of outsourcing governance procedures. Group of answer choices To report on the fairness of the presentation of management's description of a service organization's system and the suitability of the design of the controls To create complex systems that run themselves, while keeping the system's complexity invisible to the end user in a public cloud environment To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change To provide data and resources on the upfront infrastructure costs of a firm and on projects that differentiate their core business process
Answer:
To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change
Explanation:
Outsourcing
This is simply regarded as a form of an arrangement through which one company in contact with another organization mainly to give or provide services that ordinarily could be provided by company employees.
Reasons why organizations outsource
1. To cut costs
2. To improve focus
3. To upgrade capabilities and services
4. Fasten or accelerate time to market etc.
There are several issues associated with outsourcing. They includes:
1. There is the problem of decreasing employee Morale
2. Quality problems
3. Legal issues
3. Negative impact on customer relationships and satisfaction
4. Data security and integrity issues etc.
The objective of outsourcing is to save money and/or provide better service. It aim to lessen or free up development staff to cutoff peaks and valleys in the staffing cycle.
A company has two operating segments. Segment A of the company has been operating at 70% capacity for the last two years. It produces a single product, which it sells to external customers for $17 per unit. Variable costs to produce one unit are $11 and the allocated fixed overhead costs are $3 per unit. Segment B purchases the same product produced by Segment A from an outside vendor for $15. Management is considering obtaining the product from Segment A. If Segment A begins to manufacture enough product to sell to its external customers, as well as to Segment B, Segment A will be operating at 94% capacity. What is the minimum price that Segment A should charge Segment B?
Answer:
$11 per unit
Explanation:
Based on the information given the MINIMUM PRICE that Segment A SHOULD CHARGE Segment B will be $11 per unit reason been that we were told that segment A VARIABLE COSTS TO PRODUCE ONE UNIT is $11 per unit.
Therefore the MINIMUM PRICE that Segment A SHOULD CHARGE Segment B will be $11 per units.
Corey, the chief financial officer of Maurectric Inc., an electronics company, is also an investor in the stockmarket. As the shareholder of various other companies, he attends the Annual General Meetings of thosecompanies. This helps him study the financials and financial strategies followed by other companies in the sameindustry. In the context of managerial roles, which of the following roles does Corey illustrate in this scenario?
a. The leader role
b. The liaison role
c. The disseminator role
d. The figurehead role
Answer:
The liaison role
Explanation:
From the question we are informed about Corey, the chief financial officer of Maurectric Inc., who is an electronics company, is also an investor in the stockmarket. As the shareholder of various other companies, he attends the Annual General Meetings of thosecompanies. This helps him study the financials and financial strategies followed by other companies in the sameindustry. In the context of managerial roles,in this case, the roles does Corey illustrate in this scenario is
liaison role.
A liaison role can be regarded as role that is been played by person for liaison in between two firms or two particular organizations so that he/she can communicate as well as coordinating their activities through his/her service as as an official go-between carrying out this role to senior officials of both organizations.. liaison officer should always attends the organization key meetings.
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.
Answer:
9241.08 Hrs
Explanation:
Calculation to determine Approximately how many hours per year will the solar panels need to operate to enable this project to break
Let n represent hour of operation per year for breakeven
Breakeven annual cost = Annual savings
$1,800,000 * (A/P, 20%,20) = 400 * n * 0.1
$1,800,000 * 0.205357 = 400 * n * 0.1
n = 369,643/ 40
n= 9241.075
n=9241.08 Hrs (Approximately)
Therefore Approximately how many hours per year will the solar panels need to operate to enable this project to break will be 9241.08 Hrs
Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
Discuss the impact the hard-lockdown had on perfect markets
Answer:
As supply chains and production processes are significantly interrupted, the outbreak has been identified as a pandemic by the World Health Organization.
Explanation:
Due to the severe lockdown, supplies and work in the perfect market were lacking. It led to further operations which reduced the workload of the respective firm, thus affecting productivity.
Because of the reduction in productivity, differences occur in the perfect market, where others benefit from the situation in the disadvantaged company. But demand and supply generally decreased in the perfect market.
If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status differences among team members, what would you do? How might you use the various conflict-resolution techniques
During January, the production department of a process operations system completed and transferred to finished goods a total of 50,000 units. At the end of January, 10,000 additional units were in process in the production department and were 70% complete with respect to labor. The beginning inventory included labor cost of $41,000 and the production department incurred direct labor cost of $325,500 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
Answer:
$6.43
Explanation:
Total equivalent unit = Completed and transferred to finished goods + Work in process inventory (70%) complete in labor
Total equivalent unit = 50,000 + 10,000*70%
Total equivalent unit = 50,000 + 7,000
Total equivalent unit = 57,000
Total direct labor cost = WIP labor expenses + Direct labor cost incurred during January
Total direct labor cost = $41,000 + $325,500
Total direct labor cost = $366,500
Direct labor cost per equivalent unit =Total direct labor cost / Total equivalent units
Direct labor cost per equivalent unit = $366,500 / 57,000 units
Direct labor cost per equivalent unit = $6.4298246
Direct labor cost per equivalent unit = $6.43
Competitive advantage __________. Question 2 options: information collected from multiple sources, such as suppliers, customers, partners, and industries that analyzes patterns, trends and relationships for strategic decision making. Evaluates an organizations strengths, weaknesses, opportunities, and threats. Extraction of information from data and using it to predict future trends and identifying behavioral patterns. is a feature of a product (or service) on which customer
Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
Scenario: Wilson Industries Inc. Wilson Industries Inc. is a multinational firm that designs and produces premium leather bags for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations. The board plans to examine Wilson's ability to produce enough bags to satisfy their customers' demands. This evaluation is known as ________.
Answer:
capacity planning
Explanation:
From the question we are informed about scenerio of Wilson Industries Inc. which is a multinational firm that designs and produces premium leather bags for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations. The board plans to examine Wilson's ability to produce enough bags to satisfy their customers' demands. In this case, the evaluation is known as capacity planning.
Capacity planning can be regarded as process involving knowing of
production capacity that is required or needed by an organization in order to meet changing demands as regards
its products. IT capacity planning encompass estimation of the storage as well as computer hardware and software along with connection infrastructure resources that is needed over some future period of time.
In the capitalistic economy what ensures that a firm will survive only way to serve its customers wall by providing products and services that meet needs
Answer:
Competition
Explanation:
In the capitalistic economy, COMPETITION ensures that a firm will survive only if it serves its customers well by providing products and services that meet their needs.
Hence, Competition is a favorable concept for business because it stimulates the improvement and growth of new and decent commodities in the markets.
To consumers, competition is good because it normally leads to better service and lower the costs or prices of commodities.
what are the Business Activities ?
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
Jay recently was promoted to a management position in a firm that had been extremely bureaucratic. However, the environment changed dramatically and the new management team knew it needed to change the organization quickly if it was to survive. Jay suggested that the management team allow the employees to develop more confidence in their ability to do a good job by sharing power with them. The others on the team were skeptical, but they allowed Jay to experiment. In this situation Jay is suggesting using __________ to increase employee confidence in their ability to do the job.
Answer:
Empowerment
Explanation:
Employee management is done in different ways. Some managers prefer to take charge and instruct their reports on what to do. This approach puts a lot of pressure on the manager because his input is needed in every activity.
Another method of employee management is empowerment. This involves assigning responsibility over various aspects of the job to employees and holding them accountable for the outcome.
This way employees feel valued and their confidence grows.
Jay is trying to use empowerment to increase employee productivity by allowing the employees to develop more confidence in their ability to do a good job by sharing power with them.
Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas.
Nike
adidas
Sales revenue $19,795.3 $10,675
Allowance for doubtful accounts, beginning 77.2 112
Allowance for doubtful accounts, ending 104.1 134
Accounts receivable balance (gross), beginning 2,884.3 1,740
Accounts receivable balance (gross), ending 2,952.8 1,556
(a1)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
Nike
adidas
Accounts receivable turnover times times
Answer:
Accounts Receivable Turnover = Sales/Average accounts receivables
Sales revenue / [Accounts receivable balance (gross), beginning - Allowance for doubtful accounts, beginning) + (Accounts receivable balance (gross), ending + Allowance for doubtful accounts, ending) / 2
For Nike
Accounts Receivable Turnover = $19795.3/ [(2884.3-77.2)+(2952.8-104.1)/2]
Accounts Receivable Turnover = $19795.3 / $2827.9
Accounts Receivable Turnover = 7 times
For Adidas
Accounts Receivable Turnover = 10675/[(1740-112)+(1556-134)]/2
Accounts Receivable Turnover = $10675 / $1525
Accounts Receivable Turnover = 7 times
Harry's, your family-owned business, has been serving breakfast, lunch, and dinner in your city for so long that it's practically an institution! Your lunch menu items range in price from $8.99 to $13.99. Recently, your head chef suggested adding a delicious new seafood option to the lunch menu, but the costly ingredients involved will force you to charge $17.99 for it, which is comparable to what you charge for dinner menu items. You're concerned that this will upset your long-time customers. What should you do?
A. Set the price at $17.99, but raise the prices of all other menu items by S2 or more so it doesn't stand Support and out
B. Set the price at $17.99, and trust that your customers will see the value of the new menu item
C. Set the price at $14.99 for the first month, then gradually raise it to $17.99 over the next three months
D. Set the price at $13.99, but cut costs on all other menu items to make up for any revenue shortfalls
Answer:
Option C
Explanation:
To run a food business, the first and foremost thing is to attract customers and create a customer base. Hence, the price must be kept lower in the initial days to grab attention of customer. As the customer become used to with the product taste and quality, the prices can be increased to make the business profitable.
Hence, option C is correct