Answer:
$2,064.48
Explanation:
Given the following :
Combined rental income per month = $4000
Transaction close date = March 15th
Number of days in March = 31
Daily Rental income for the two condos :
Income per month / days of the month
$4000 / 31
= 129.03
Number of days left in March = number of days payment Collins will make
= 31 - 15 = 16 days
Total rental payment in March :
Daily Rental fee × number of days left
$129.03 × 16 = $2,064.48
= $2,064.48
Felice bought a duplex apartment at a cost of $150,000. Her mortgage payments on the property are $940 per month, $121 of which can be deducted from her income taxes. Her real estate taxes total $1,440 per year, and insurance costs $900 per year. She estimates that she will spend $1,000 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities 0.83 points 0142:40 What monthly rent must she charge for each apartment to break even? (Round intermediate calculations and answer to the nearest whole number.
Answer:
$651
Explanation:
For computation of Break-even monthly rent per apartment first we need to find out the monthly rent which is shown below:-
Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs
= $940 + ($1,440 ÷ 12) + ($900 ÷ 12) + (2 × ($1,000 ÷ 12)
= $940 + $120 + $75 + $167
= $1,302
Break-even monthly rent per apartment = Monthly costs ÷ 2
= $1,302 ÷ 2
= $651
Therefore we have applied the above formula.
We ignored the income tax as it is not relevant also it is tax deductible expense
The likelihood of a risk event occurring during the implementation of a project goes up as the project progresses. The cost impact of these risk events also goes up as the project progresses.
a. True
b. False
Answer: True
Explanation:
Projects are carried out with the consideration that risk would definitely occur, and during the analysing phase of any project all risk that would evolve are carefully studied and proactive solutions are provided. When starting projects there is definitely a high risk due to the energy of how the work would go but careful implementation helps curb the situation.
Refer to Scenario 16.2. The makers of Whizz considered a new promotional method for their product. A small box of Whizz was placed in the mailbox of college students as they came on campus in the fall. Along with the Whizz, the students received a coupon for $1.00 off their next purchase. They could receive another coupon for $3.00 off if they went online and emailed five friends at another college, telling them about Whizz. The friends could then go to a website and print a coupon for $2.00 off their next purchase. The sample boxes given to the college students are an example of ____, while the emails to the five friends are an example of ____.
Answer: Sales promotion ; viral marketing
Explanation: Sales promotions may be explained as technique used by businesses to appease and lure their target market into buying and using their product through the use of appealing incentives such as cost or slash sales, free coupons or discount on purchase and various promotions which are normally not attached to buying the product. Viral marketing in the other hand simply employs the use of internet technology such as mail and social media in the spread of a business campaign and information. It is termed viral marketing as information dissemination can be so rapid when done via this channel.
When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic efficiency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.
Complete Question:
When property rights are well defined and markets are competitive, the
Group of answer choices:
a. market equilibrium violates the conditions for economic efficiency.
b. market equilibrium is consistent with economic efficiency.
c. conditions necessary for economic efficiency no longer apply.
d. quantity supplied will rarely equal the quantity demanded.
Answer:
b. market equilibrium is consistent with economic efficiency.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.
This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.
the difference between a secured loan and unsecured loan is that the secured loan is
Answer:
Explanation:
A secured loan is a type of loan on which the borrower uses some assets for collateral . That means it is secured on the assets in the case of any default in terms by the borrower.
An unsecured loan on the other hand is a type of loan that is not secured on any assets . The risks related to this type of loan is higher as there is no security to cover or minimize the loss in the situation of a default in terms.
Looking at the definition given above , the difference between a secured and unsecured loan is that assets are promised by the borrower as security over a secured loan , hence the cost can be lower while in the unsecured loan , no asset is promised as security and the cost can be higher
Answer:
has a lower interest rate
Explanation:
Suppose you are the Purchasing Manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer.
(1) What is the impact of this purchase on US imports and capital flows?
(2) What is the impact of this transaction on US net exports?
Answer with Explanation:
Requirement 1.
The US import will increase by $1,500,000 due to purchase of indian tea product and this import of tea would result in increase of capital outflow as the Net export particular to importation is negative hence capital outflow is genuine effect.
Requirement 2.
The Net exports can be calculated as under:
Net Exports = Exports - Imports = 0 - $1,500,000 = - $1,500,000
The US Net Exports would decrease by $1,500,000.
A plant manager had taken a few measures to try to reduce worker turnover. For four months he monitored the implementation of the measures. He now finds that the turnover rate is reduced by 10 percent. Which step of the rational decision-making model is illustrated in the scenario
Answer:
Evaluating the results.
Explanation:
A Rational decision-making model is demonstrated as the structured and logical decision-making process consisting of various steps beginning from definition and identification of goals to reaching an effective solution after evaluation of plenty of alternatives.
In this situation, 'evaluating the results' is the step of rational-decision making process that is illustrated in this scenario as it aims to assess the effect of the implementation of the best solution selected in the previous step after assessing the problem and evaluating a number of alternatives. This step aims to test whether the solution worked and to give feedback on how to alter future decisions for better results according to this assessment.
Humble leaders display all of the following key qualities valued by employees except Multiple Choice appreciation of others. low self-awareness. openness to feedback. appreciation of the greater good. low self-focus.
The correct answer is B) low self-awareness.
Humble leaders display all of the following key qualities valued by employees except low self-awareness.
What employees value is high self-awareness, the appreciation of others, openness to feedback, appreciation of the greater good, and low self-focus.
A true leader is an individual who not only leads but teaches others how to lead to. For this to happen, trust is a key value so the employees can feel that indeed there is a true team atmosphere in the organization. Employees must feel appreciated, valued, and motivated through a common goal. That is why it is so important that the leader sets the example all the time.
Low self-awareness should not show the key qualities valued by employees.
The following information should be considered for key qualities:
Appreciation of others.Openness to feedback. Appreciation of the greater good. Low self-focus.Also, low self-awareness represents the value of an employee that should be harmful for everyone.
Therefore we can conclude that Low self-awareness should not show the key qualities valued by employees.
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Suppose the board of Nathan Corporation decided to do the share repurchase in problem 1-part b, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board has elected to make the dividend payment instead
Answer:
If we sell 0.5 / 15 of one share we will receive $0.50 and the remaining shares will worth $14.50. This will be the same position as if the firm had paid a dividend.
Explanation:
Nathan Corporation is deciding to whether to repurchase shares. It is a decision made by company and its management to boost value of its stock. If the board makes a decision to make dividend payment then we will receive $0.50 per share. The share price total will be $14.50 which is same whether we receive dividend or not.
Which of the following was the result in Larry S. Lawrence v. Bainbridge Apartments, the case in the text in which the window washer argued that he was entitled to recover against the building owner for his injuries in a fall?
A. The window washer was entitled to workers' compensation as an employee.
B. The window washer was entitled to a recovery in tort based on the inherently dangerous activity at issue and the defendant's failure to take sufficient precautions.
C. The window washer was not entitled to recover because he took insufficient precautions for his own safety.
D. The window washer was entitled to no recovery based on his status as an independent contractor. p. 760
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Answer:
D. The window washer was entitled to no recovery based on his status as an independent contractor.
Explanation:
The reason is that the employer is liable to have all safety measures in place to safeguard the employee from any type of injury at work. If despite all these safety measures, the employee gets injured then he is entitled to workers' compensation.
However, the employer is not liable to compensate independent contractors for accidents as the duty of care is not upon the employer in the case of independent contractors which means that the independent workers are obliged to take all necessary precautions to avoid any injury because it will not be compensated by the employer. Thus, the employer is not liable to compensate independent contractors and option D is correct.
Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the actual direct deposit of payroll for the first week of January
Answer:
$5,708
Explanation:
Computation of the actual direct deposit of payroll for the first week of January
The First step is to find the total salary expenses
Total salary expenses= 10 employees × 40 hours × $20
Total salary expenses= $8,000
Second step is to calculate the actual direct deposit of payroll
Total salary expense $8,000
Federal income tax rate ($1,200)
($8,000*15%)
State income tax rate ($480)
($8,000*6%)
FICA tax rate ($612)
($8,000*7.65%)
Actual direct deposit $5,708
Therefore the actual direct deposit of payroll for the first week of January will be $5,708
Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services remains constant, if the general price level in the economy triples, so does nominal output.
a) true
b) false
Answer:
a) true
Explanation:
A rise in the general price level is called inflation and it affects the nominal value of the company's output. E.g. you sell pants and last year they sold at $10 and now since inflation rate is 10%, they sell at $11. But inflation only affects nominal values, it doesn't affect real values which are calculated using a base price of a certain year X, times the quantity sold. Following the example, your real output would not be $11 per pair of pants, instead it would still remain at $10 since the inflation is discounted.
Gary Sirota sees the proposed Bajagua Project as a win-win scenario for the public due to the larger treatment capacity of the proposed plant and the lower cost per gallon. How might Serge Dedina respond
Answer:
the private sector should never build a plant, regardless of benefits, because water is a public resource that needs public oversight
Explanation:
The win-win situation refers to the situation in which each one is happy as a result that arrives is best and beneficial for the company
Since in the question, it is mentioned that there is a win-win scenario as there is a larger treatment for the public at a lower cost per gallon
Therefore by this, the private sector should never develop that plant i.e water as it is a resource that is consumed by the public irrespective of their benefits
Airbase is a consumer electronics company known for its affordable mobile devices that follows a cost-leadership strategy. In this scenario, Airbase should ideally compare its strategic position with:__________.
1. a company that sells small kitchen appliances at affordable prices.
2. an online company that sells customized electronics accessories.
3. a consumer electronics company that sells high-end devices.
4. a consumer electronics company popular among price-conscious customers.
Answer: 4. a consumer electronics company popular among price-conscious customers.
Explanation: Companies who thread a cost-leadership strategy or path could be said to be 'price-centric', that is gives price huge cognizance and will strive to be a market or industry leader when it comes to giving best and most affordable prices on products.
Thus, since Airbase follows a cost leadership strategy and also popular among consumers for its affordable devices, it should also weigh or compare it's strategy to other consumer electronics company which is popular among consumers which gives cognizance to price of products they purchase.
A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller died and the heirs in another city, unaware that the property had been sold, conveyed title to a relative, who recorded the deed. Who owns the property
Buyer because he neglected the documents.
In the given case, buyer owns the property because he neglected the documents.
Who is the buyer?Anyone in the financial or business fields who research, assesses, and buys things for businesses to sell or utilize in their operations is referred to as a buyer.
Buyers, often referred to as purchasing agents, have to stick to a budget and frequently haggle for reasonable prices on the goods they wish to purchase. A person can learn more about the clients' requirements and desires by using buyer personas. This makes it possible to appeal to those particular desires more successfully.
Therefore, due to his lack of the paperwork, the buyer in the above situation is the owner of the property.
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What is the single most important factor in determining the success or failure
of a project?
O A. Communication
B. Schedule
C. Budget
D. Risk
SUBMT
Answer:
Answer Choice: A. Communication
Explanation:
Communication is the single most important factor in determining the success or failure of a project because the better you explain the project the higher your grade will be so, that will result in your grade being a A or a B so, that will cause you to pass, and the worst you explain the project the lower your grade will be so, that will result in your grade being a C or D or F (or an E depending on how your school grades) so, that will cause you to fail.
Answer:
here
Explanation:
Which of the following statements is true about the constant growth model?
A- the constant growth model can be used if a stock's expected constant growth rate is more than its required return
B- The constant growth model can be used if a stock's expected constant growth rateis less than its required return
Answer: The constant growth model can be used if a stock's expected constant growth rate is less than its required return.
Explanation:
The Constant Growth Model is a stock valuation method.
It assumes that a company's dividends are increasing at a constant growth rate indefinitely.
Formula: Current price = (Next dividend the company is to pay) ÷ (required rate of return for the company - expected growth rate in the dividend.
When expected constant < required return, then the constant growth model can be used.
Hence, the statement is true about the constant growth model :
The constant growth model can be used if a stock's expected constant growth rate is less than its required return.
If a stock's predicted constant growth rate is smaller than its needed return, the constant growth model can be utilized.
So, option B is correct.
Define constant growth model.The constant growth model is used to calculate a stock's inherent value depending on a succession of dividends that increase at a constant pace in the future.
Dividends per share, the growth rate of dividends per share, as well as the rate of return are the three inputs inside the constant growth model.
If a stock's predicted constant growth rate is smaller than its needed return, the constant growth model can be utilized.
So, option B is correct.
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During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as
Answer:
Simulated test markets.
Explanation:
During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as simulated test markets.
A simulated test market can be defined as a marketing research technique that involves the exposure of consumers to an unreal market in order to observe their reactions to a new product. It involves advertising in stages through a simulated market so as to determine a customer's purchase decision, forecast demand and market analysis for a new product.
Hence, a simulated test market is aimed at observing and analyzing potential customer's reaction to a new product before it's introduced to the market.
The exchange rate is: the price of one nation's currency in terms of the currency of another nation. the amount households will spend on imports. the amount of foreign capital a nation receives when there is a trade surplus. the amount charged by bankers for loanable funds
Answer: the price of one nation's currency in terms of the currency of another nation.
Explanation: The rate of exchange can simply be explained as the worth or value of a country's currency in terms of the currency of another country. It gives an aggregate amount of the value of currency held by a certain person or spent in a particular country in terms of the currency of choice in another country. The exchange rate of currencies is usually determined by the market forces of demand and supply even though some aren't. For example, the rate at which one can convert a certain amount of British pounds to it's equivalent amount in U.S dollar is the exchange rate of British pounds to U.S dollars.
Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your community that would do well, even if people did not have a lot of extra money to spend, and explain the advantages it has over larger businesses.
Answer:
A drug store is a type of business that is likely to do well even in an economic recession.
This is because drug stores sell an essential good, that often has a high price, and that is needed by many people, specially those who suffer from chronic diseases.
In other words, people will likely reduce their consumption of many other goods before reducing their consumption of prescription drugs.
At midyear, Barbara, the manager of a store, realizes that the new outlet mall with 300 stores down the street is taking much of the sales away from her store, so she will need to revise the sales goals of her sales associates. Barbara is in what stage of the MBO process
Answer: Stage four
Explanation:
MBO Stage four which is the performance evaluation stage. By reavluating the sales goals of her associates Barbra is in the performance evaluation stage of MBO better known as stage four. The performance evaluation review is usually carried out by the participating manager in this case which happens to be Barbra, it is used to check for performance related informations.
Suppose you are looking at the 2006 results of how the Echo generation classified specified items as either luxuries or necessities. Do you expect the results to reflect how the Echo generation would classify items in 2020? Explain. No, many luxury brands will no longer exist in 2020, and will thus be unavailable for purchase. Newer luxury brands will dominate the lists. Yes, people's ideas of luxuries or necessities rarely change. No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then. Yes, though the generation will have aged by 14 years, their perception of items as necessities or luxuries will not have changed by then. Yes, the costs of luxuries or necessities doesn't change that much with time, so they would still be considered luxuries or necessities in 2020.
Answer:
No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then.
Explanation:
In this the individual perception important. That means if the person considered the necessity so it would not be the necessity after the age of 14 years and if the person considered the luxury so the necessity would be considered for the same person after the age of 14 years
So the necessity and the luxury would be changed as per the perception
Therefore the answer is no.
According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, all of the following practices are considered unethical for an agent EXCEPT A) selling 3,000 shares of ABC as directed by a client at a price that the agent determines, without oral or written discretionary authority B) selling 3,000 shares of ABC at a price the agent determines is the best the client can get, without oral or written discretionary authority C) determining the quantity of a specific security to purchase once the client has designated that security and the action to be taken D) receiving written discretionary authority from a client within 10 business days of first executing a discretionary trade with oral authority from the client
Answer: A. selling 3,000 shares of ABC as directed by a client at a price that the agent determines, without oral or written discretionary authority
Explanation:
According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, all of the following practices that are given in the question are unethical for an agent except selling 3,000 shares of ABC as directed by a client at a price that the agent determines, without oral or written discretionary authority.
It should be noted that it is ethical for an agent to choose the price and the time of a trade so far the client has determined the amount, asset, and the action.
The fixed cost of Widget Corp., a keyboard manufacturing company, is $600,000 per year. The cost of equipment and labor to make one keyboard is $10. If the customers would pay $25 to buy one keyboard, Widget Corp. needs to sell _____ keyboards to make profits.
Answer: more than 40000
Explanation:
Given : Fixed cost per year = $600,000
Cost of equipment and labor to make one keyboard = $ 10
Selling price of 1 keyboard = $25
Gain on each keyboard = Selling price - cost
= $25 - 410
= $15
Minimum number of keyboards need to sell to make profit = ( Fixed cost) ÷ (Gain)
= 600,000 ÷ 15
= 40000
Hence, Widget Corp. needs to sell more than 40000 keyboards to make profits.
In Peyton v. Quality Motors, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Rikki v. Street Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to
Answer:
The trial court is likely to Allowed the minor to cancel the contract
Explanation:
Doctrine of Stare Decisis which simply means Let the decision stand.
Therefore Doctrine of STARE DECISIS can be seen as a legal doctrine that said that a courts has to follow historical cases when they are making a ruling on a similar case.
In order word they ensures that the cases with similar event and facts are been approached in the same or similar way which means that the courts has to follow any legal precedents set by previous decisions just as in the case of between Peyton v. Quality Motors, where a state supreme court held that a minor could cancel a contract for the sale of a car, this mean that the case between Peyton v. Quality is an Historical cases and Now that a trial court in the same state is deciding Rikki v. Street Deals, Inc., a case with similar facts with Peyton v. Quality this means that the court have to use the case of Peyton v. Quality
Under the doctrine of stare decisis to decide on the case of Rikki v. Street Deals.
Managers at the Blue Dragon Inc., an international company with operations in China and the United States, are often heard complaining about the difficulties in achieving synergy and cooperation between the employees of both the countries. After extensive research it was concluded that the cultural differences between these countries, which resulted in different work-related values, caused the lack of cooperation. In order to effectively tackle this problem, Blue Dragon Inc. should
Answer:
Explanation:
In order to effectively tackle this problem, Blue Dragon Inc. should vary its management processes and practices to account for these differences. By varying these processes and practices they are applying the best of both cultures into their company, thus allowing the companies in each country to better understand how the other one functions. This will drastically increase communication and cooperation between these two international company's.
Suppose you are in charge of establishing economic policy for the small island country.
Which of the following policies would lead to greater productivity in the fishing industry.
A. Imposing restrictions on foreign ownership of domestic capital.
B. Subsidizing research and development into new fishing technologies.
C. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts.
D. Sharply increase the interest rate on student loans to people pursuing advanced degrees in fishing.
Answer:
Option B, Subsidizing research and development into new fishing technologies, is the right answer.
Explanation:
Option B will be the right policy to increase the greater productivity in the fishing industry because if the government encourages the research and development then people will generate new technology to catch the fishes. Thus, new technology will increase the number of fishing. As a result, productivity will be increased in the fishing industry.
The base year in the consumer price index (CPI) is:_________.
a) established by law.
b) given a value of zero.
c) a year chosen as a reference for prices in all other years.
d) always the first year in the current decade.
Answer:
C. a year chosen as a reference for prices in all other years.
Explanation:
Base year in the consumer price index (CPI) is a year chosen as a reference for prices in all other years.
Consumer Price Index (CPI) is a measure that is used to determine the weighted average of prices of a quantity of consumer goods and services.
Changes in the consumer price index helps to determine price changes associated with the cost of living. The consumer price index is one of the most frequently used statistics for identifying periods of inflation or deflation in an economy.
The formula used to calculate consumer price index for a product
= cost of purchasing the product in the given year ÷ cost of purchasing the product in the base year ×100
The base year or period refers to reference point in time iseda for comparison with other years or periods. It is used to measure financial and economic data.
period is a point in time used as a reference point for comparison with other periods. It is generally used as a benchmark for measuring financial or economic data.
Jerome says that he will spend exactly $25 (think sales/revenue) each month on new apps for his mobile device, regardless of the price of apps. Jerome’s demand for apps is a. Perfectly elastic. b. Unit elastic. c. Perfectly inelastic. d. Somewhat inelastic, but not perfectly inelastic.
Answer:
Option B, unit elastic.
Explanation:
The option “b” is correct because as per the expenditure method to calculate the elasticity of demand when the total expenditure (TE) remains the same regardless of the increase or decrease in the price or quantity then the elasticity is equal to one. Thus when elasticity is equal to one this is called the unit elastic demand. thus, option b is right.
Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1 per frame levied on picture frames will decrease the effective price received by sellers of picture frames by
Answer:
The decrease in the effective price received by sellers is between $0.51 and $1.
Explanation:
Given the demand for picture = Inelastic
The supply of picture frames = highly elastic
Levied tax on picutre frames = $1
It is given that the demand for the frames is highly inelastic therefore the response of the buyer will be less. That means the proportionate change in demand will be lower than the proportionate change in the price of a commodity. Thus, the answer will be between $0.50 and $1.