Unsecured loans are based on ____________.
Unsecured loans are based on the borrower's creditworthiness and financial stability.
Unsecured loans are loans that are not backed by collateral, such as a house or car. Because the lender does not have any collateral to seize if the borrower defaults on the loan, they must rely on the borrower's creditworthiness and financial stability to determine whether to approve the loan and what terms to offer.
To assess a borrower's creditworthiness and financial stability, the lender may consider factors such as the borrower's credit score, income, employment history, and debts. They may also review the borrower's credit report, which provides detailed information about their credit history and financial behavior. Based on this information, the lender will decide whether to approve the loan and, if so, what terms to offer. This may include the interest rate, loan amount, and repayment period.
Hope This Helps You!
As loan analyst for Second Bank, you have been presented the following information.
Pink Co. Blue Co.
Assets
Cash 120,000 320,000
Receivables 220,000 302,000
Inventories 570,000 518,000
Total current assets 910,000 1,140,000
Other assets 500,000 612,000
Total Assets 1,410,000 1,752,000
Liabilities and Stockholder's Equity
Current liabilities 305,000 350,000
Long-term liabilities 400,000 500,000
Capital Stock and Retained Earnings 705,000 902,000
Total liabilities and Stockholder's equity 1,410,000 1,752,000
Annual Sales 930,000 1,500,000
Rate of Gross Profit on sales 30% 40%
Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. In as much as your bank has reached its quota for loans of this type, only one of these requests is to be granted.
Question:
Which of the two companies, as judged by the information given above, would you recommend as the better risk and why? Assume that the ending account balances are representative of the entire year.
I have the work done...I just need to check my work. I would appreciate any help as soon as possible.
Based on the computed liquidity ratios below, the loan should be advanced to Blue Co. It has better performing liquidity ratios than Pink Co.
What are liquidity ratios?
Liquidity ratios assess a company's ability to pay off its short-term liabilities. Liquidity ratios determine how quickly a company can convert assets and use them to pay off debts. The higher the ratio, the easier it is to clear debts and avoid payment defaults.
Current Ratio = Current assets/Current liabilities
Pink Co. Blue Co.
Current Ratio $910,000/$305,000 $1,140,000/$350,000
= 2.98 = 3.25
Quick Ratio = (Current assets - Inventory)/Current liabilities
Pink Co. Blue Co.
Quick Ratio 910,000-570,000/305,000 1,140,000-518,000/350,000
= 1.11 =1.77
Operating Cash Flow Ratio = Cash/Current liabilities
Pink Co. Blue Co.
Operating Cash Flow Ratio = $120,000/$305,00 $320,000/$350,000
= 0.39 = 0.91
Therefore, Blue company is at better risk due to high liquidity ratios.
To learn more about liquidity ratios, click here:
https://brainly.com/question/30065467
#SPJ1
Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan interest and $1,200 for a contribution to her IRA. She had the following income:
If Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya's adjusted gross income is: e. $23,564.
How to find the Adjusted gross income?Tanya Adjusted gross income (AGI)
Wages $22,594
Add Bank interest $320
Add Unemployment $250
Add Alimony (Pre 2018) $2,400
Total gross income $25,564
Claim adjustments:
Less Student loan interest ($800)
Less IRA (1,200)
Taxable income $23,564
($25,564 - $1800 - $1200)
Therefore we can conclude that her taxable income is the amount of $23564.
Learn more about adjusted gross income here:https://brainly.com/question/1931633
#SPJ1
The complete question is:
Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income:
Wages $22,594
Bank interest $320
Unemployment $250
Alimony (Pre 2018) $2,400
What is her AGI?
Choose one answer.
a. None of theseb. $24,994c. $25,564d. $22,594e. $23,564
what should you do in case you know well the subject discussed
Answer:
learn and listen every single word of class
What’s the maximum number of conditions that can be set for a bank rule?
The maximum number of conditions that can be set for a bank rule is 5.
What is a bank rule?A bank rule is one that has been set up by the bank that will be followed in that branch. This could be with the relation of the payment, cheques, deposits, or bank charges.
There can be various numbers of charges that can be set by the bank. The central bank will be the one that will set the rate or will decrease the rate of the changes. This was to impact the bank.
As different banks may have different types of rules as well as regulations that they will use to help form the rules but the maximum number will be five.
Learn more about bank rules, Here:
https://brainly.com/question/30011538
#SPJ1
The _____ is the person who provides support or obtains funding.
stakeholder
project manager
customer
sponsor
Answer:
sponsor
Explanation:
What is the aTeri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income.
Assets = Liabilities + Owner's Equity
Cash + Supplies + Land = Accounts Payable + Teri West, Capital - Teri West, Drawing + Fees Earned - Expenses
Bal. 40,000 3,000 82,000 7,500 117,500
1. +71,800 +71,800
2. -15,000 +15,000
3. -47,500 -47,500
4. +1,100 +1,100
5. -5,000 -5,000
6. -4,000 -4,000
7. -1,500 -1,500
Bal. 40,300 2,600 97,000 4,600 117,500 -5,000 71,800 -49,000
mount of the net income for the month?
What is the amount of the net increase in cash during the month?
$fill in the blank 8
300
c. What is the amount of the net increase in owner's equity during the month?
$fill in the blank 9
17,800
d. What is the amount of the net income for the month?
$fill in the blank 10
e. How much of the net income for the month was retained in the business?
$fill in the blank 11
a. The amount of the net income for the month is -49,000.
b. The amount of the net increase in cash during the month is 300.
c. The amount of the net increase in owner's equity during the month is 17,800.
d. The amount of the net income for the month is -49,000.
e. The amount of net income retained in the business is -5,000.
What is net income?Net income is a company's total revenue minus all expenses, including taxes and interest. It is also known as net profit or the bottom line. It is the amount of money a company has left over after all expenses have been paid, and it is considered an important indicator of a company's financial health.
Therefore, the correct answers are as given above
learn more about net income: https://brainly.com/question/28390284
#SPJ1
Companies often require non-disclosure agreements from their employees because a non-disclosure agreement
allows the employer to release private information about employees if necessary
identifies all the different ways an employee could violate company policies
maintains employee trust, which is needed for productivity and therefore profitability
provides for a documented exchange of information between employees and employers
Answer:
Allows the employer to release private information about employees if necessary
Explanation:
Companies often require non-disclosure agreements from their employees because a non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between two or more parties. The purpose of a non-disclosure agreement is twofold: confidentiality and protection. An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges. NDAs offer a level of protection to businesses so that even accidental breaches are covered.
Answer:
its a cuh i took the test
Explanation:
The MAIN purpose of a frequency distribution is to ___________. a. plan a statistical project and assign tasks to workers, b. organize raw data, c. provide a graphical illustration of date relations, d. identify changing trends over time
The main purpose of a frequency distribution is to organize raw data (b).
A frequency distribution is a tabular summary of data that shows the frequency, or number of occurrences, of different values within a dataset. It is used to organize and analyze large amounts of data in a clear and concise manner.
For example, if you were conducting a survey to gather data on the number of hours that people work per week, you could use a frequency distribution to organize the data and see how many people work different ranges of hours (e.g., 0-10 hours, 11-20 hours, 21-30 hours, etc.).
Option a, planning a statistical project and assigning tasks to workers, is not the main purpose of a frequency distribution.
Option c, providing a graphical illustration of data relations, is not an accurate description of a frequency distribution.
Option d, identifying changing trends over time, is not the main purpose of a frequency distribution, but it can be used to identify trends if the frequency distribution is created for different time periods.
Hope This Helps You!
A marketing plan
describes the economic structure of a specific country
focuses on customers' needs and target market
identifies the methods a company will use to produce goods
provides an analysis of a business's strengths and weaknesses
A marketing strategy concentrates on the target market and clients' needs. As a result, choice (B) is appropriate.
What Is a Marketing Plan?An operational document known as a marketing plan describes the advertising approach that will be used by a firm to create leads and connect with its target market. A marketing strategy outlines the public relations (PR) and outreach initiatives that will be carried out over time, along with how the business will evaluate their success.
A business plan, which outlines all of the key components of a company, including its objectives, core principles, mission statement, budget, and tactics, includes a marketing strategy.
Hence, option (B) is accurate.
Learn more about marketing plans, from:
brainly.com/question/29775565
#SPJ1
You are International Business Manager at a UK based company. Your company has identified USA and Europe as potential markets and wish to expand asap and plans a full-scale expansion. You are requested to analyse both projects and advise.
In considering such large project, you must work out the risk of each project, cost of capital and NPV. Allocate discount rate for each project according to current international business climate and justify why you allocated the discount rate for each region. Discuss how you aim to manage international risks.
Projected cash flows in respective currencies:
Year Net Cash Flow – USA USD Net Cash Flow - Europe EUR
0 -20 million -20 million
1 2 million 2 million
2 4 million 3 million
3 5 million 4 million
4 6 million 8 million
5 8 million 8 million
Instructions:
a. Briefly discuss viability of both projects in today’s global business context. Based on your discussion allocate and justify discount rate for both projects. (30 Marks)
b. How much investment (GBP) is needed for each project and what is the NPV of each project? Use spot and forward exchange rates to discuss. (30 Marks)
c. Considering current world economic climate, the future exchange rates are uncertain. How would you analyse/anticipate the change in exchange rates? Write a brief proposal to mitigate impact of possible exchange rate fluctuations (30 Marks)
d. Discuss your calculations and advise which project should be selected. (10 Marks)
Answer:
a. In order to determine the viability of these projects and allocate the appropriate discount rate, it is necessary to consider the current global business context. This includes factors such as economic conditions, political stability, competition, and other risks specific to each region.
Based on this analysis, the USA project may be considered more viable due to its larger market size and generally more stable economic and political environment compared to Europe. However, the European project may offer potential for growth in certain sectors, such as technology or green energy.
In terms of discount rates, it would be appropriate to allocate a higher rate for the European project due to the greater inherent risks associated with expanding into this region. The discount rate for the USA project could be lower, reflecting the lower perceived risk.
b. In order to calculate the amount of investment needed for each project and the corresponding NPV, we will need to convert the projected cash flows into GBP using the current spot exchange rate. For example, if the spot exchange rate for USD is 1.30 GBP and the spot exchange rate for EUR is 1.20 GBP, the investment needed for the USA project would be £20 million and the investment needed for the European project would be £20 million.
Using a discount rate of, say, 10% for the USA project and 15% for the European project, we can then calculate the NPV of each project as follows:
USA project:
NPV = -£20 million + (£2 million / 1.1) + (£4 million / (1.1^2)) + (£5 million / (1.1^3)) + (£6 million / (1.1^4)) + (£8 million / (1.1^5))
= £2.8 million
European project:
NPV = -£20 million + (£2 million / 1.15) + (£3 million / (1.15^2)) + (£4 million / (1.15^3)) + (£8 million / (1.15^4)) + (£8 million / (1.15^5))
= £2.2 million
c. In order to anticipate and mitigate the impact of exchange rate fluctuations on these projects, it may be advisable to use forward exchange contracts to lock in a specific exchange rate for a future date. This can help to reduce uncertainty and protect against potential losses due to unfavorable movement in the exchange rate.
Additionally, it may be helpful to diversify the currency exposure of the projects by investing in a range of currencies or using currency hedging strategies. This can help to reduce the overall risk associated with exchange rate fluctuations.
d. Based on the calculations above, it appears that the USA project may offer a higher NPV and therefore may be the more attractive option. However, it is important to consider all factors when making this decision, including the specific risks and opportunities associated with each region, as well as the company's overall goals and resources.
9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
To know more about testamentary trust, visit:
https://brainly.com/question/28400559
#SPJ1
Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $614,100 + $1.26X, where X equals number of snowboards. Last year, Fresh Powder produced 23,000 snowboards. Actual overhead costs for the year were as expected.
Required:
1. What is the driver for the overhead activity?
For questions 2-4, Enter the final answers rounded to the nearest dollar.
2. What is the total overhead cost incurred by Fresh Powder last year?
$fill in the blank 2
3. What is the total fixed overhead cost incurred by Fresh Powder last year?
$fill in the blank 3
4. What is the total variable overhead cost incurred by Fresh Powder last year?
$fill in the blank 4
For questions 5-7, round your answers to the nearest cent. Use those rounded figures in subsequent computations, if necessary.
5. What is the overhead cost per unit produced?
$fill in the blank 5
per unit
6. What is the fixed overhead cost per unit?
$fill in the blank 6
per unit
7. What is the variable overhead cost per unit?
$fill in the blank 7
per unit
8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 22,300 units and (b) 24,400 units. Round your answers to the nearest cent.
22,300 Units 24,400 Units
Unit cost $fill in the blank 8
$fill in the blank 9
Unit fixed cost fill in the blank 10
fill in the blank 11
Unit variable cost fill in the blank 12
fill in the blank 13
The reason the unit costs changed in the way they did is because:
1) The driver for the overhead activity is the number of snowboards produced.
2) The total overhead cost incurred by Fresh Powder last year is $643,080.
3) The total fixed overhead cost incurred by Fresh Powder last year is $614,100.
4) The total variable overhead cost incurred by Fresh Powder last year is $28,980.
5) The overhead cost per unit produced is $27.96.
6) The fixed overhead cost per unit is $26.70.
7) The variable overhead cost per unit is $1.26.
Unit Costs Recalculated:22,300 Units 24,400 Units
8 and 9) Total unit cost $28.80 $27.58
10 and 11) Unit fixed cost $27.54 $25.17
12 and 13) Unit variable cost $1.26 $1.26
14) The reason the unit costs changed in the manner they did is because the total overhead and fixed cost per unit increase as production units reduce and decrease with increased production.
On the other hand, the variable cost per unit remains fixed with its total increasing or decreasing with production levels.
Total annual overhead costs formula:Overhead cost = $614,100 + $1.26X, where X equals number of snowboards
The number of snowboards produced last year = 23,000 units
At 23,000 Production Units:
Total overhead cost = $643,080 ($614,100 + $1.26(23,000)
Overhead cost per unit = $27.96 ($643,080/23,000)
Variable costs = $28,980 ($1.26 x 23,000)
Variable cost per unit = $1.26 ($28,980/23,000)
Fixed overhead cost per unit = $26.70 ($614,100/23,000)
At 22,300 Production Units:
Total overhead cost = $642,190 ($614,100 + $1.26(22,300)
Overhead cost per unit = $28.80 ($642,190/22,300)
Variable costs = $28,098 ($1.26 x 22,300)
Variable cost per unit = $1.26 ($28,098/22,300)
Fixed overhead cost per unit = $27.54 ($614,100/22,300)
At 24,400 Production Units:
Total overhead cost = $672,934 ($614,100 + $1.26(24,400)
Overhead cost per unit = $27.58 ($672,934/24,400)
Variable costs = $30,744 ($1.26 x 24,400)
Variable cost per unit = $1.26 ($30,744/24,400)
Fixed overhead cost per unit = $25.17 ($614,100/24,400)
Learn more about cost behaviors at https://brainly.com/question/29433716
#SPJ1
What is one teneit of continuingyour education after graduating high
OA Agerson with a high school degree can enter the job market and
slant eamingimone immediately
OB A person with a college degree typically eans more than someone
with ahigh schaa degree cover time.
C. Aperson with a high school degree tpically eams more than
somesne with a college degree over time.
D. Aperson who goes on to exam a college degres will have to pay the
full cassts of going to college
Over time, a person with a college degree usually has higher value than someone with only a high school diploma. As a result, choice (B) is the best way to respond.
What is Graduation?When a student graduates, their educational institution presents them with a diploma. Additionally, it can be referring to the connected ceremony. Graduation day is the term used to refer to the day of the ceremony. Commencement, congregation, convocation, or invocation are other names for the graduation ceremony.
Graduation in absentia occurs when a student receives their diploma without actually being present at the ceremony.
Hence, option (B) is accurate.
Learn more about Graduation, from:
brainly.com/question/1585326
#SPJ1
Working with people includes careers such as child care workers, social workers, and doctors.
O True
False
Answer:
I think false
Explanation:
because basta
3.Let us assume that President Joe Biden of USA has decided to decrease tax to improve investment in US. Discuss the impact of this policy on the real exchange rate and net export of Ethiopian economy and use the appropriate graphical analysis.
Answer:
Explanation:
The impact of President Joe Biden's decision to decrease taxes in order to improve investment in the United States on the real exchange rate and net export of the Ethiopian economy would depend on a number of factors, including the specific details of the tax policy and the current state of the Ethiopian economy.
In general, a decrease in taxes in the United States could lead to an increase in investment in the country, which could lead to an increase in the demand for goods and services and a corresponding increase in economic growth. This could lead to an appreciation of the U.S. dollar relative to other currencies, including the Ethiopian birr. This means the relative price of US goods and services will be cheaper than the Ethiopian goods and services.
An appreciation of the U.S. dollar can lead to a decrease in the competitiveness of Ethiopian exports in the global market, leading to a decrease in the net export of the Ethiopian economy. Graphically this can be represented by a shift of the net export curve to the left, meaning that the net export of the Ethiopian economy will decrease.
On the other hand, this policy could also lead to an increase in the inflow of foreign capital into Ethiopia as well, which could lead to an appreciation of the Ethiopian birr relative to other currencies. This means the relative price of Ethiopian goods and services will be cheaper than the US goods and services. This could increase the competitiveness of Ethiopian exports and lead to an increase in net exports for the Ethiopian economy. However, this increase could be more limited than the decrease in net exports as a result of the appreciation of the US dollar.
It's important to note that these are general impacts and there can be a number of other factors that would come into play that would determine the ultimate impact on the Ethiopian economy, such as the effectiveness of the Ethiopian government's monetary policy, the inflation rate, and the external trade policies.
3. You should always make sure you have a...
Credit card
Direct deposit
Credit line
Budget
You must therefore make sure we have a budget, goes their suggested remark.
What makes it a budget?Budgeting comes derived from this same Old French word bougette, which means "small sack." The British treasurer of the Exchequer is referred to as "opening" his budget, or basket of documentation and accounts, when he presents his yearly financial statement.
Who created the budget?James Wilson delivered a first Indian Budget dated February 18, 1869. Wilson founded The Economist and served as the economic representative of the India Council, which provided advice to the viceroy of India. Karl Marx referred him Wilson as a "economical mandarin of great standing."
To know more about Budget visit:
https://brainly.com/question/28145266
#SPJ1
What was the opening price of Dow Jones Industrial Average on Aug 02, 2017 in the format of XXXXX.XX?
Benny’s Arcade has six video game machines. The aver-
age time between machine failures is 50 hours. Jimmy, the
maintenance engineer, can repair a machine in 15 hours
on average. The machines have an exponential failure
distribution, and Jimmy has an exponential service-time
distribution.
a. What is Jimmy’s utilization?
b. What is the average number of machines out of service,
that is, waiting to be repaired or being repaired?
c. What is the average time a machine is out of service?
Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.
What do you mean by Service rate?Service rate is used to calculate the rate or supply of service in any business.
Data given ;
Arrival rate (λ) = 1/50
Service rate (µ ) = 1/15
a) Utilization (P) = λ/µ
= 1 / 50 / 1 / 15
= 15 / 50
= 0.30
= 30%
b) Average number of out-of-service machines waiting to be repaired or being repaired (L) = q / λ
= (p²/1-p) / λ
= (0.30²/1-0.30) × 1/50
= 0.129 × 1/50
= 6.43
Average time spent by out-of-service machines waiting to be repaired, or being repaired
W = Wq + 1 / µ
= 6.43 + 15
= 21.43
The average number of machines out of service that is, waiting to be repaired or being repaired
L = λW = 21.43/50 = 0.43
3:00
c) Average time spent by out-of-service machines waiting to be repaired, or being repaired.
W = Wq + 1 / µ
= 6.43 + 15
= 21.43
Therefore, Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.
Learn more about Service rate, here;
https://brainly.com/question/15544714
#SPJ1
A 10-K financial report includes which
of the following financial statements?
A. Statement of Stock Flows
B. Statement of Cash Flows
C. Statement of Debt Flows
The Statement of Stock Flows and Statement of Debt Flows are not included in a 10-K financial report.
What is Stock Flows?Stock Flows is an investment strategy that involves buying and selling stocks with the aim of generating profits from short-term price movements. This strategy focuses on technical analysis to identify price trends and momentum, which can be used to predict when to buy and sell stocks. By carefully timing their trades, investors can capitalize on small movements in stock prices to generate returns. Stock Flows takes advantage of short-term market volatility to capture profits, and it is often used by traders and investors who are looking to profit from stock market movements in the short-term.
To learn more about Stock Flows visit :
https://brainly.com/question/13017869
#SPJ1
Which of the following are components of the SQ Tool?
Resource plan
SQ Plan
SQ Healthcheck
Engagement agreement
The engagement agreement of the following are components of the SQ Tool. The correct option is D.
What are squares tools used for?Two straightedges placed at a right angle to one another form a square for measurement purposes. Carpenters and machinists use it to locate holes, locate holes, and check that right angles are correct. It can also be used as a guide to drawing lines on materials before cutting them.
Due to this, they make up two of the SAQ's components. As an auditor, you are responsible not only to yourself but also to your team, the organization, and our stakeholders. Accountability is about professional pride and people taking ownership of their work.
Thus, the ideal selection is option D.
Learn more about squares tools here:
https://brainly.com/question/12977411
#SPJ1
The act of attempting to acquire information such as user names passwords and credit card details by acting as a trustworthy entity in an electric communication is called
Phishing is the practice of pretending to be a reliable entity in an electronic conversation in order to get sensitive data such as usernames, passwords, credit card information, and occasionally even money (indirectly).
What happens when someone pretends to be a reliable internet source in order to try and get information like usernames or passwords?Phishing is the fraudulent act of pretending to be a reliable entity in an electronic contact in order to get sensitive information like usernames, passwords, and credit card numbers.
Is it an attempt to get sensitive information such credit card numbers, usernames, and passwords?Phishing is the practice of pretending to be a reliable entity in an electronic communication in order to get sensitive data, such as usernames, passwords, and credit card numbers.
To know more about Phishing visit:
https://brainly.com/question/24156548
#SPJ1
If the present value of my investment is S9,000 and the rate of interest is 3⅓% compounded annually, what will the value be after 4 years?
The value after 4 years will be $10327.71 with the present value of $9000.
What is compound interest?Compound interest, often known as interest on interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested rather being paid out, resulting in interest being generated on both the principal amount and any accumulated interest over the next period.
What is the investment?An asset that is developed with the purpose of enabling money to accumulate is essentially what an investment is. The wealth generated can be used for a variety of objectives, including bridging income gaps, saving for retirement, or carrying out certain particular commitments like loan repayment, tuition payment, or the acquisition of other assets.
To know more about Investment visit:
https://brainly.com/question/15353704
#SPJ1
if the annual rate is 2.5% and there are 12 periods per year, what is the rate per period? a. 0.208%, b. 0.28%, c. 0.38%, d. 0.5%
The answer: b. 0.28% is wrong
Based on the analysis of the business environment and barriers to entry market, identify details steps you would take in the first year to help your new restaurant succeed
Answer:
1. Develop a detailed business plan that outlines the restaurant’s goals, objectives, and strategies.
2. Identify the target market and create a marketing plan to reach them.
3. Secure the necessary funding for the restaurant.
4. Secure a location for the restaurant.
5. Develop a menu that appeals to the target market.
6. Hire a team of experienced and qualified staff.
7. Develop a comprehensive training program for all staff.
8. Develop a comprehensive financial plan.
9. Develop a customer service plan.
10. Develop a system to track customer feedback.
11. Develop relationships with local suppliers and vendors.
12. Develop a system to track inventory and supplies.
13. Advertise and market the restaurant.
14. Develop a system to track sales and profits.
15. Monitor the competition and adjust strategies as needed.
Explanation:
There will be various steps that would be needed to have a restaurant business. That would include knowing the business and having a plan. This may include its status, cost, how to handle the money, food ingredients, a place as well as the workers.
What is a business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially. Many banks provide services, such as financing and specialized business banking supervisors, that are not available to private accounts.
What does it need to start a business and what does it cost?How to set a budget before opening a restauranthandle money for restaurantsmarket study for restaurantspurchasing or leasing land where the business will take place building a restaurant's reputationEmploying workersPreparing the business with ingredients Making sure that the people know about the placeLearn more about business, here:
brainly.com/question/15826604
#SPJ2
A project has the following cash flows: Year Cash Flows 0 -1,200 1 600 2 600 3 600 4 300 5 200 6 200 What is the Internal Rate of Return (IRR) of this project?
The internal rate of return of the project given its cash flows is 34.26%.
What is the internal rate of return?Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
The internal rate of return can be determined using a financial calculator.
Cash flow in year 0 = -1200
Cash flow in year 1 - 3 = 600
Cash flow in year 4 = 300
Cash flow in year 5 - 6= 200
Internal rate of return = 34.26%
To learn more about IRR, please check: https://brainly.com/question/26484024
#SPJ1
Which accounting regulations body investigates and refers fraud and insider trading cases to the SEC to prosecute?
Ο Α. Financial Industries Regulating Association
OB.
OC.
OD.
hts reserved.
American Institute of Certified Public Accountants
Government Accounting Standards Board
State Board for Accountancy
Reset
Next
Accounting regulations organization Financial Industries Regulating Association conducts investigations and refers fraud and insider trading cases to the SEC for prosecution.
What does SEC stand for?The U.S. Securities and Exchange Commission (SEC) is an independent statutory government organization tasked with safeguarding investors, preserving the fair and orderly operation of the securities markets, and promoting capital formation.
What is the SEC?The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory body tasked with fostering capital formation, preserving the fair and orderly operation of the securities markets, and safeguarding investors. As the initial government regulator of the securities, it was established by Congress in 1934.
To know more about SEC visit:
https://brainly.com/question/28426974
#SPJ1
John's company acquired 5,000 new customers last year. They spent $20,000 in marketing costs and $15,000 in sales costs. What is John's customer acqu
cost (CAC)?
John's customer acquisition cost (CAC) is $7.
What is customer acquisition cost?Customer Acquisition Cost (CAC) measures the amount a business spends to acquire a new customer. Customer acquisition cost (CAC) — a key business metric — is the total cost of sales and marketing activities, real estate, or equipment required to persuade customers to purchase your product or service.Customer acquisition cost is the cost of acquiring a customer to purchase a product or service. As an important economic unit, customer acquisition costs are often related to customer lifetime value. Customer acquisition cost allows any company to estimate how much money it spends on acquiring each customer. Essentially, Customer acquisition cost is calculated by simply dividing all the costs spent to acquire more customers (marketing costs) by the number of customers acquired during the period in which the costs were spent. We can calculate For example, if a company spends his $100 on marketing in one year and in the same year he gets 100 customers, his Customer acquisition cost will be $1.00.To learn more about customer acquisition cost from the given link :
https://brainly.com/question/15325223
#SPJ1
Answer: $7
Explanation:
I just answered the question
Melissa is an insurance agent who wants to sell a new insurance policy specially designed for business professionals. Which promotional strategy should she use to promote her product effectively?
A. telemarketing
B. personal selling
C. radio advertisement
D. sales promotion
Answer: The most effective promotional strategy for Melissa to use in this situation would likely be "B. personal selling."
Explanation: Personal selling involves building a relationship with potential customers and presenting the benefits of a product or service in a face-to-face setting. This is often the most effective way to sell complex or specialized products, such as insurance policies, because it allows Melissa to tailor her pitch to the specific needs and concerns of the business professionals she is targeting.
Telemarketing, radio advertisement, and sales promotion are all different types of promotional strategies that might be less effective in this situation. Telemarketing involves making sales pitches over the phone, which may not be as effective for a complex product like an insurance policy. Radio advertisement and sales promotion are more suitable for mass-market products or for creating awareness about a product, but may not be as effective for persuading business professionals to purchase a specialized insurance policy.
Answer:
i think it b
Explanation:
If you have money in a savings account, you will do better if the bank pays you ___________., a. simple interest, b. compound interest, c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters, d. the question cannot be answered because banks rarely pay compound interest on savings accounts
the answer c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters. is the wrong answer
Answer:
compound interest
Explanation:
This is when you earn interest on both money you've saved and the interest you earn.