Answer:
Commercial General Liability Policy will not provide compensation for injured caused by softball to the Director
Explanation:
Commercial General Liability (CGL) is an insurance policy that provide protection and assurance to a business organisation against any legal liability arising from the use of its property, while in the premises of the insured, from use of product.
The Commercial General Liability provides the coverage below:
-Liability arising from Bodily injury and property damage
-Liability arising from Personal and advertising injury and Medical payments
In this director scenario, the CGL have in its provision and condition to provide compensation for the injury caused as a result of their actions (e.g. building collapse, left broken bottles, bad product which directly affected third party) but the director was injured by his own accompanied property and have no relation whatsoever with the Land company. Hence no indemnity or compensation will be provided under the Commercial General Liability Policy.
When Mr. Lakely, a recruiter for United Health, calls job applicant Leanne Pufall to schedule a second-round interview, he reaches Leanne’s voice mail, which has an offensive joke message. A. Leanne’s message is professional. B. Leanne’s message is unprofessional.
Answer: Leannes message is unprofessional
Explanation:
An unprofessional behavior shows a lack of respect for yourself and others as well as immaturity, and it proves a disregard for cultural and workplace ethics. Hence, Leannes message is unprofessional for such an offensive joke in a professional environment.
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy.1. True2. False
Answer:
TRUE
Explanation:
It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy
Under Sec. 461(h), a three-prongall-events test is met when
(1) all events have occurred that establish the fact of the liability;
(2) the amount of the liability can be determined with reasonable accuracy; and
(3) economic performance has occurred.
Answer:
True
Explanation:
An All-Events test a test under U.S. federal income tax law that states all events fixing an accrual-method, taxpayer's right to receive income, or incur expense must occur before the taxpayer can report an item of income or expense. An all-events test is said to be met when :
(1) All events have occurred that fix the fact of liability; and
(2) The liability can be determined with reasonable accuracy.
In the promotion element of the marketing mix, there are four main areas. Personal selling is direct spoken communication between sellers and potential customers. Also included are publicity and advertising. The third element, sales promotion, refers to a whole host of promotion activities, other than:_______.
Answer: advertising, publicity, and personal selling- that stimulates interest, trail or purchase by final customers or others in the channel.
Explanation: Sales promotion are promotional activities used to stimulate consumers into purchasing a certain product. Sales promotion usually takes the form of giving discounted prices to customers, giving out extra incentive or gift items, freebies, voucher cards, coupon and other promotional offers which gives consumers extra material benefit when they purchase an item. Promotional offers are usually made during certain periods such as festive seasons, company anniversary or occasionally in other to drive sales or to wow customers.
Answer:
advertising, publicity, and personal selling- that stimulates interest, trail or purchase by final customers or others in the channel.
Explanation:
Sales promotion can be defined as the process by which a customer is persuaded to purchase a product. It is a short term method to boost sale of products and is rarely used for long term promotion and building of customer loyalty.
Factors to consider during sales promotion include: cost of the promotion, consistency of promotion with the brand image, and if customers will be attracted and continue buying after promotion ends.
Examples of sale promotion activities are discounts, competitions, loyalty cards and free gifts.
Sales promotion does not involve advertising, publicity, and personal selling- that stimulates interest, trail or purchase by final customers or others in the channel.
A town manager is interested in comparing requests for various town-provided services (such as street maintenance and garbage pickup) with nationally published proportions of requests for the same services. Each request in a random sample of 500 service requests from the town was classified into one of 10 different categories. Which of the following tests could be used to determine whether the proportions of service requests classified into the 10 service categories for the town differ from national proportions?
A. A two-sample t-test for a difference of means
B. A matched-pairs t-test for means
C. A chi-square test of association
D. A chi-square goodness-of-fit test
E. A t-test for a correlation of proportions
Answer:
D.
Explanation:
Based on the scenario being described within the question it can be said that the test that would help determine this would be a Chi-Square goodness of fit test. This is a test that has been designed with the main goal of calculating how the observed value of a phenomena is vastly different from the value that was expected from that phenomena. Which is what needs to be determined in this scenario with the samples.
The test that should be determined in the case when the proportions of service requests classified so it should be option D.
What is A chi-square goodness-of-fit test?It is a test that should been designed having the goal for determining how the observed value of a phenomenon should be majorly distinct from the value that should be expected from the phenomenon that required to be measured the scenario.
So based on this, we can say that the option d is correct.
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If the core part of the purchase is ___________. bad it does not affect satisfaction. good it increases satisfaction. good it decreases satisfaction. bad it increases dissatisfaction.
If the core part of the purchase is bad it increases dissatisfaction
Explanation:
A core product is a product or service of a company more closely related to its core competences. The central product allows the functionality, benefit or remedy to issues with which the customer orders the commodity.
For example, the core component of a car's ability to drive places at an easy speed is the core advantage.
When you can not give quality service to your clients, you would be disappointed and depressed, even though you can deliver them an outstanding key product.
The main element of the purchase is that you musty pay the core charges. That is the purchasing cycle must continue and it leads to dissatisfaction.
The purchase leads to the satisfaction of the core is based on the dissatisfaction then it does not affect the satisfaction. Hence e the option D is correct.Learn more about the part of the purchase.
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Phil tells Gloria that if she works for him full time, he'll pay her $1,000 a week. As a result and based on Phil's promise, Gloria quits her job at the department store and puts a down payment on a car. When Gloria shows up at Phil's to start work, Phil tells her he's changed his mind about the full time job. What are Gloria's options
Answer:
Gloria can assert promissory estoppel in order to enforce Phil's promise.
Explanation:
Promissory estoppel refers to a legal doctrine that promises are legally enforceable. This doctrine establishes that in order for a promise to be considered legally enforceable, the party making the promise should reasonably realize that the other party will rely on it and that any reasonable person would rely on the other party's promise. This doctrine helps to avoid injustices by enforcing the promises.
Sven purchases a house valued at $80,000 and has a mortgage of $65,000. Several years later he decides to sell the house. The market value of the house has increased to $110,000 and his loan debt is down to $50,000. What is Sven’s equity in the house?
Answer:
$60,000
Explanation:
Given:
Purchase price = $80,000
Old mortgage value = $65,000
Market value of house = $110,000
New mortgage value = $50,000
Equity in the house = ?
Computation of Equity in the house :
Equity in the house = Market value of house - New mortgage value
Equity in the house = $110,000 - $50,000
Equity in the house = $60,000
Resource Forestry Corporation and the Service Employees International Union are sued by plaintiffs alleging job discrimination in violation of Title VII of the Civil Rights Act. This law applies to employers and labor unions with at least
a. fifteen employees or members.
b. five employees or members.
c. ten employees or members.
d. one employee or member.
Answer:
The correct answer is A
Explanation:
Civil Rights Act, 1964, under the Title VII, dealt with or states the federal law which forbid or prohibits the employers from discriminating the employees on the grounds of race, national origin, sex, color and religion.
This law applies to the employers with fifteen (15) or more number of employees, comprising of the local, federal and state government.
So, this law applies to the labor unions and the employers with at least 15 members or employees.
Which of the following statements is true of services? a.They are homogeneous in nature. b.They can be inventoried to be consumed later. c.The production and consumption of services can be separated. d.They are intangible in nature.
Answer:
D. They are intangible in nature
Explanation:
Service
Services are defined as valuable actions, deeds or effort performed in order to satisfy a consumer's or customer's needs.
It is an intangible product as opposed to goods which are tangible. Services includes banking, education, cleaning, insurance, land scaping, medical treatment and so on. Services are non physical, meaning they cannot be manufactured, transported or stored/stocked (that is, it cannot be stored for future uses).
Services are intangible in nature, which means that they cannot be seen, touched, or physically possessed like tangible products. Instead, services are experienced and consumed by customers. This intangibility is one of the key characteristics that distinguish services from physical goods.
Therefore option d is correct.
a. Services are not necessarily homogeneous. In fact, services can vary widely in terms of quality, features, and customer experience. For example, the quality of a restaurant meal or the level of customer service provided by two different companies can vary significantly.
b. Services are not typically inventoried to be consumed later. Unlike physical products that can be produced and stored in inventory, services are usually provided in real-time to meet the immediate needs of customers. For example, you can't store a haircut or a doctor's appointment for future use.
c. The production and consumption of services are often inseparable. In many cases, services are created and consumed simultaneously. For example, when you receive medical treatment from a doctor, the service is provided in real-time as you receive the treatment.
In summary, services are characterized by their intangibility, meaning they cannot be touched or possessed like physical products. This intangibility sets them apart from goods, and it also influences how they are produced and consumed, often in real-time and without the possibility of inventorying for future use. Services can vary widely in terms of quality and features, making them non-homogeneous.
Therefore option d is correct.
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An infestation of banana spiders makes it extremely difficult to harvest Indian bananas. The U.S. Surgeon General has stated that there are numerous health benefits from eating bananas. As a result, one should expect:________.A) Equilibrium price to fall, but equilibrium quantity to be indeterminate from the information given.
B) Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
C) Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
D) Equilibrium price to be indeterminate from the information given, but equilibrium quantity to fall.
Answer:
B) Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
Explanation:
Since it is very difficult to harvest bananas, that means that the production costs of bananas has increased. When the production costs of any good or service increases, their supply curve shifts to the left. That leftward shift will decrease total quantity supplied and increase the price of the good or service at every quantity demanded level.
We know that the equilibrium price will increase, but we cannot know what will happen to the equilibrium quantity.
At Corpceton, a plastic products manufacturing company, two to three newly hired machine operators are assigned to senior machine operators who train them for a few weeks. After the trainees complete three months of probation in the company, each of them is given a machine to operate on. In the context of training methods, this scenario best illustrates:_______.a) on-the-job training.
b) refresher training.
c) sensitivity training.
d) vestibule training.
Answer:
The correct option is A
Explanation:
on the Job training also known as OJT is a type of training in which the employee is trained at the workplace. Usually an experienced employee acts as the instructor.
Answer:
The answer to the question is D: Vestibule Training
Explanation:
The word Vestibule refers to several things one of which is the lobby next to the outer door of a building. Please see attached picture showing the vestibule of a building in New York City.
Notice that the lobby or vestibule is part of the building but not on the inside. We could say near the building.
Vestibule Training which means Near-the-Job training derives from the above.
It is an approach to personnel training in which new employees, before starting their work duties, spend some time learning in a special section (vestibule), apart from the actual work environment that duplicates as precisely as possible the setting and conditions in which the employees will actually be working once their training is complete.
This should not be confused with On-the-Job training which is training provided in the workplace during regular working hours for the purpose of developing or enhancing the knowledge, skills, and abilities of employees.
During On-the-Job training, the trainees learn under supervision whilst doing the actual job.
Some of advantages of Vestibule training are:
1. It enables the workers to secure training in the best methods to work and to get rid of initial nervousness. During the Second World War II, this method was used to train a large number of workers in a short period of time. It may also be used as a preliminary to on-the job training. Duration ranges from few days to few weeks.
2. It prevents trainees to commit costly mistakes on the actual machines and or actual work environment.
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Which of the following is considered an advantage/benefit of utilizing an ERP system? a. Enables the company to utilize a single centralized database system, thus eliminating duplicate data entries b. Flexible enough that it allows different companies with different business models to mold the new ERP system to fit the company's business model c. Fairly inexpensive to purchase and implement
Answer:
The correct answer is A
Explanation:
ERP termed as or stands for Enterprise Resource Planning, which is defined as the centralized system, that provides the integration with the enterprise functions be it analytics, planning, sales, finance, HR, customer relations and procurement as well other application functions which are connected.
So, this system consider the benefit of enabling the company to use the single database system, which is centralized and thus remove the duplicate data entries.
advocate wants to estimate the percentage of people who favor decreasing tariffs on imported goods. She conducts a nationwide survey of 1350 randomly selected adults 18 years and older. The interviewer asks the respondents, "Do you favor supporting free trade with our friendly neighbors question mark"
Answer: Please refer to the explanation section
Explanation:
The question is not clear with regards to what is required or what the question wants us to do. I will assume the question requires us to provide arguments inf favour of decreasing tariffs on imported goods.
Tariffs on imported goods aim to discourage buyers from buying import goods, when Tariffs decrease it benefits consumers because they have more choice, they can buy locally or from another country which will drive the price of a good in question down.
Free trade will also strengthen Trade relations between countries, the domestic country will also benefit because it would easier for local producers to export their product and gain a market in foreign countries. Local producers will export their product without incurring excessive costs tariffs charged by the foreign country
A difference between book income and tax income that __________ (increases / decreases) taxable income in the current year but will __________ (reduce / increase) taxable income in a future year is a(n) ________ book-tax difference.
Answer:
Temporary difference
Explanation:
The reason is that the temporary difference is due to allowable and disallowable expenses and returns for some period which in later years equals to the allowable or disallowable incomes and expenses. This is all because of the temporary differences.
In stratified random sampling, the population is first divided up into mutually exclusive and collectively exhaustive groups, called strata. A stratified sample includes randomly selected observations from each stratum, which are proportional to the stratum’s size.True / False.
Amazon expanded its single-product business by leveraging spare capacity into cloud computing and by offering its Kindle line of tablet computers. This is an example of____________.
A. unrelated diversification.
B. related-linked diversification.
C. taper integration.
D. backward vertical integration.
Answer:
B) related-linked diversification.
Explanation:
A related linked diversification strategy refers to expanding a company's product lines with products or services that are similar to the ones that it currently offers.
In this case, Amazon first sold books and selling a e-book reader follows a similar path. Since Amazon had spare cloud computing capacity, it decided to "lease it" to other businesses and is currently Amazon's star service that generates most of its cash.
GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have
Full question:
GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have...
a. an executed contract.
b. an express contract.
c. an implied contract.
d. a quasi contract.
Answer:
GR8 and Brainfreeze have express contract
Explanation:
An express contract is a deal whose sessions the participants have explicitly fixed out. This is additionally termed as a special contract. In an express contract, all the details would be explicitly stated. It necessity shows a proposal and complete acceptance and be revealed in an easy-to-understand way.
In this, the expressions are marked explicitly and correctly, and they are based on these terms slightly than the behaviors, activities, and obvious purposes of the parties. Any effort to change or modify the agreement is a counter-offer, not recognition of an express contract.
For each user of accounting information, identify if the user would use financial accounting or managerial accounting.
a. investor
b. banker
c. IRS
d. manager of the business
e. controller
f. stockholder
g. human resource director
h. creditor
Answer:
a. Investor - Financial Accounting;
b. Banker - Financial Accounting;
c. IRS - Financial Accounting;
d. Manager of the business - Managerial Accounting;
e. Controller - Managerial Accounting;
f. Stockholder - Financial Accounting;
g. Human resource director - Managerial Accounting;
h. Creditor - Financial Accounting.
Explanation:
Requirement A - D
a. Investor - Financial Accounting - Investor decides after evaluating the past performance of a company whether to invest or not. They cannot provide any upper-level decisions.
b. Banker - Financial Accounting - Preparing financial statements or boosting company performance is the crucial working area for a banker. They cannot make a decision.
c. IRS - Financial Accounting - Internal Revenue Service deals with the financial statements of an organization and not deals with the organization's decision.
d. Manager of the business - Managerial Accounting - When a branch of an accounting discusses how to make managerial decisions to achieve the objective with the managers or administration, it is termed as managerial accounting. The manager of a business decides what the necessary things for a company are.
Requirement E - H
e. Controller - Managerial Accounting - The controller of an organization directly deals with the managers regarding various managerial decisions.
f. Stockholder - Financial Accounting - Stockholders cannot make any decisions. They can only give their opinions to alter the situation to maximize the value of the shares.
g. Human resource director - Managerial Accounting - Human resource director makes recruiting-related decisions that are internal. As managerial accounting deals with internal decisions, the human resource director is under the managerial accounting category.
h. Creditor - Financial Accounting - Creditors can ask for early payment, but they cannot urge the mangers to make any decisions.
The correct methods of accounting to be used for the below phenomenon will be -
Investor - Financial AccountingBanker - Financial accountingIRS - Financial accountingManager of the business - Managerial accounting Controller - Managerial accountingStockholder - Financial accounting Human resource editor - Managerial accountingCreditor - Financial accounting.Financial accounting is referred to as that branch of accounting, which deals with the financial aspects of a business and managerial accounting deals with management of the firm by accounting principles.
Methods of AccountingFinancial accounting is a process of accounting that involves recording, classifying and summarizing the accounting transactions of a firm over a period of time in chronological order.Managerial accounting is that branch which helps in analysis and interpretation of a firm's performance during an accounting financial period.
Hence, the different methods of accounting followed for specific tasks are as aforementioned in the part above.
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Consider an individual who borrowed $$25,000 to purchase a used car at a fixed interest rate of 9%. If inflation is 9%, what is the real interest rate the individual will be paying
Answer:
The real interest rate is 0%
Explanation:
To calculate the real interest rate, we can use the following formula:
Real Interest Rate = [(1+nominal interest rate)/(1-+inflation rate)]-1
Now, we plug the amounts into the formula:
Real Interest Rate = [(1+0.09)/(1+0.09)]-1
=[1.09/1.09]-1
=1-1
=0
Thus, the Real Interst Rate is equal to 0%
On July 1, an investor holds 50,000 shares of a certain stock. The market price is $30 per share. The investor is interested in hedging against movements in the market over the next month and decides to use an index futures contract. The index futures price is currently 1,500 and one contract is for delivery of $50 times the index. The beta of the stock is 1.3. What strategy should the investor follow? Under what circumstances will it be profitable?
Answer:
26 Contracts
Explanation:
Portfolio value= P = 50,000 * 30 = 1,500,000
The formula to calculate the number of contracts is given by:
Number of contracts N = (β∗P) / Futures Value
P is the fair value of the portfolio in the market, β is the beta of the stock which is 1.3 and Future value is can be calculated by following formula:
Futures Value = Fair Value of Assets * Fair value of unit Future / Fair value of unit share
By putting values we have:
Futures Value = (45,000) * $50 per Future / $30 per Share = 75,000
By putting values we have:
Number of contracts N = (1.3∗$1,500,000) / 75,000 = 26 contracts
A client has had a splenectomy after sustaining serious internal injuries in a motorcycle accident, including a ruptured spleen. Following removal of the spleen, the client will be susceptible to:________.
Answer:infection because the spleen removes bacteria from the blood.
Explanation: The spleen is an organ that is present in all vertebrates, it functions like the lymph as it helps to cleanse the blood and balance the flow of blood in the body,the spleen is soft and purple in colour it has two tissues which includes
(1) The red pulp tissue which a ta to filter the blood and remove old or damaged red blood cells.
(2) The white pulp tissue consists of immune cells (T cells and B cells) which ensures that the immune system fight infection.
THE SPLEEN ALSO REMOVES BACTERIA AND IMPROVES THE IMMUNITY OF THE BODY.
For a Global Strategy, Group of answer choices products tend to be customized to the local market. strategic decisions are decentralized to be responsive to the needs of the local market. creates an advantage from economies of scale. none of the above.
Answer:
CREATES AN ADVANTAGE FROM ECONOMIES OF SCALE.
Explanation:
A well designed global strategy can help firms to gain competitive advantage. This competitive advantage can be gotten from economies of scale from access to more customers, markets, technology, and resources (efficiency of operations).
Economies of scale simply means that as a company grows and production units increase, a company will have a better chance to decrease its costs.
Competitive advantage is developed largely on a global basis meaning that the world is treated as one market and one source of supply with just local variation. Example is the Pepsi and Coca-Cola that sells in every country.
Therefore, a global strategy CREATES AN ADVANTAGE FROM ECONOMIES OF SCALE.
DMC3 Inc. will pay no dividend for 2016 or 2017. At the end of 2018, it will pay a dividend of $1.50. Thereafter dividends will grow at 4% per year. The required rate of return is 10%. The intrinsic value of DMC3 shares is:________.A) $33.50. B) $34.53. C) $34.91. D) $35.21.
Answer:
no option is correct, the correct answer is $20.66
Explanation:
we can determine the value of DMC3 stock using an adjusted perpetuity formula:
present value = [dividend / (required rate - growth rate)] / (1 + required rate)²
= [$1.50 / (10% - 4%)] / (1 + 10%)² = ($1.50 / 6%) / 1.1² = $25 / 1.21 = $20.66
Outsourcing of services is:______. a. decreasing in volume and scope. b. increasing in volume and scope. c. increasing in volume, but decreasing in scope. d. about the same in volume and scope over the last decade. e. decreasing in volume, but increasing in scope.
Answer:
b. increasing in volume and scope
Explanation:
Outsourcing refers to assigning routine day to day tasks of less significance to an outside firm at a contractual price, with dual motive of saving time and focusing upon more important tasks and also to avail specialized services of an outside firm to ensure efficiency.
For example, a company may outsource it's human resource management function to third party consultants rather than conducting recruitment on it's own.
With the growth in businesses and with increased competition, the need to focus upon strategic tasks has increased which calls for growth in outsourcing function owing to which outsourcing of services has increased both in volume and scope.
Answer:
b. increasing in volume and scope.
Explanation:
An outsourcing is an agreement between the one company that hires the other company for a planned existing activity that could be done internally and refers to the phase-out phase. Is it relates an increase the volume of the and scope through the handling of the services and involves the contraction of the business processes like the payroll processing and the claim processing.As firms build databases that contain customer ______, marketing researchers must be careful not to abuse this collection, which may contain sensitive personal details.
Answer:
The correct answer is information
Explanation:
Database Marketing is a form of direct marketing using databases of customers or potential customers to generate personalized communications in order to promote a product or service for marketing purposes. The communication method can be any addressable medium, as in direct marketing.
The difference between direct and database marketing is mainly due to the attention given to data analysis. Database Marketing emphasizes the use of statistical techniques to develop consumer behavior models, which are then used to select clients for communications. As a result, database marketers are also large users of Database Stores, since they have large amounts of consumer data which increases the chances that a more accurate product can be built.
There are two main types of database marketing: 1) Consumer databases and 2) Business databases. Consumer databases are primarily aimed at companies that sell to consumers, commonly abbreviated as "from business to customer" (B2C) or BtoC. Business databases are much more advanced in terms of the information they provide, this is mainly because business databases do not have the same privacy laws as consumer databases.
The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue to work hard. In this example, the reinforcement is _____.
A) the boss’s praise
B) the employee’s good work
C) the boss
D) an hourly wage
Answer: A)
Explanation:
Cost management has moved from a traditional role of product costing and operational control to a broader strategic focus, which places an emphasis on: Multiple Choice Competitive pricing. Domestic marketing. Short-term thinking. Strategic thinking. Independent judgment.
Answer:
Strategic thinking.
Explanation:
Strategic cost management refers to the process of improving the strategic position of a company by lowering its costs (both production and distribution costs). For example, Amazon's strategic cost management has helped them grow into a huge retailer by offering low prices, but low prices could only be achieved through low distribution costs per unit sold.
Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an investment that pays 8%, compounded monthly, if they want the balance to be $160,000 at the end of 18 years?
Answer:
They contribute $ at the beginning of each month
Explanation:
A constant payment for a specified period is called annuity. The future value of the annuity can be calculated using a required rate of return.
Formula for Future value of annuity is
F = P x ( [ 1 + I ]^N - 1 ) / I
I = interest rate = 8% / 12 = 0.67% per month
N = Number of periods = 18 years x 12 = 216 months
F = Future / final value = $160,000
P =Payment amount = ?
$160,000 = P x ( [ 1 + 0.67% ]^216 - 1 ) / 0.67%
$160,000 = P x ( [ 1.0067 ]^216 - 1 ) / 0.0067
$160,000 = P x ( [ 1.0067 ]^216 - 1 ) / 0.0067
$160,000 = P x 482.20
P = $160,000 / 482.2
p = $331.81
Answer:
$332.74
Explanation:
We can use the annuity formula to calculate the monthly deposit. Since this problem requires a lot of compounding periods we must use the memory function of our calculator to get a more exact answer.
future value = payment x [(1 + i)ⁿ - 1] / i
future value = $160,000payment = ?n = 18 years x 12 months = 216 periodsi = 8% / 12 = 0.006666... we must add this number to our calculator's memory$160,000 = payment x [(1 + 0.006666)²¹⁶ - 1] / 0.006666
$160,000 = payment x (1.006666²¹⁶ - 1) / 0.006666
$160,000 = payment x 3.2 / 0.006666
$160,000 = payment x 480.861
payment = $160,000 / 480.861 = $332.736 ≈ $332.74
The administrative activities of controlling, directing, and coordinating police personnel, resources, and activities in the service of preventing crime, apprehending criminals, recovering stolen property, and performing regulatory and helping services.
Answer:
The statement is describing the functions of police management.
Explanation:
Just like managing a firm, managing the police works in a similar way: police directors have to plan, control, direct, and coordinate all aspects related to the police operations, both on a daily basis, and on a long-term basis.
It is very important to have good police management because police is a service that is public and crucial for citizens. The wrong kind of police management can cause safety and public order problems that can be very disruptive for daily life.
A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees to pay a commission of 3%. The salesperson is on a 65% commission schedule with her broker. How much will the salesperson receive from this transaction?
Solution:
The home sells for = $120000
The commission that is paid by the seller is 3 percent
Therefore, commission = 3% of $120000 = $3600
The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.
Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340
Therefore, the salesperson receives $2340 amount from the said transaction.
The salesperson will receive $2,340 from the transaction as her commission.
The salesperson's commission from the transaction can be calculated as follows:
Commission paid by the seller = $120,000 * 3% = $3,600Salesperson's share of the commission = $3,600 * 65% = $2,340Therefore, the salesperson will receive $2,340 from this transaction.