An agent has the legal right to carry out actions that are "designated" or "implied" in the principal's manifestations to the agent, as well as actions that are necessary or incidental to the principal's goals being accomplished. A person working for the original agent and carrying out their instructions is referred to as a "sub-agent" in the agency business.
As a result, Original Agent appoints Sub Agent, who works under Original Agent's supervision. The original agent may appoint the sub agent in the following unusual circumstances. The ability of an agent to take actions that are logically related to and required for the successful discharge of his obligations is known as implied authority.
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how are host cities specifically impacted economically super bowl
Host cities of Super Bowl can experience significant economic impacts from the event.
What are economic impacts?Economic impacts refer to the effects that an event or policy has on the economy. These impacts can be positive or negative, and can occur at the local, national, or global level. Positive economic impacts can include increased employment opportunities, growth in industries, increased tax revenue for governments, and improvements in infrastructure. Negative economic impacts can include job loss, decreased economic activity, increased costs for consumers, and reduced government revenue. Economic impacts can be caused by a variety of factors, including natural disasters, changes in government policies, technological advances, and shifts in consumer behavior. Understanding economic impacts is important for policymakers, businesses, and individuals in order to make informed decisions that can help mitigate negative impacts and maximize positive impacts on the economy.
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Complete Question:
how are host cities specifically impacted economically super bowl?
who manages the big picture and strategies for corporations, and who manages the day-to-day affairs of a corporation?
It is the CEO's responsibility to implement the Board's decisions and initiatives, and with the support of senior management, to keep the company running smoothly. In many cases, the CEO is also appointed president of the company, so he is one of the in-house directors on the board.
What does corporation mean?A corporation is a legal entity exists in a distinct legal relationship from its owner. Corporations are given many of the same legal rights and obligations as people. They have legal rights to sign contracts, make loans and take loans, sue and be sued, hire staff, own property, and pay taxes.
How do you build your corporation?A corporation can have many structures, but the typical structure is (1) Board of Directors, (2) Officers, (3) Employees, and (4) Shareholders or Owners. There is no limit to how much your corporation can have.
What are types of corporate strategy?There are following types of corporate strategies:
Stabilize, combine, save, expand strategies. Business strategy differs from business strategy because it surrounds and focuses on a particular entity.
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Which is a short term consequence of making a late payment on your bill
Answer:
There will be a late fee added to the bill.
Answer:
just if you don't think the person on top of me is right he is I did the quiz and got a 100%
Explanation:
QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?
a. The value of L is 7.5 and the maximum output is 22.5.
b. The value of L is 7.5 and maximum marginal product is 0.
c. There is no value of L.
What is the value of L?a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:
\(Q = 6L - 0.4L^2\)
Taking derivative with respect to L:
dQ/dL = 6 - 0.8L
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The value of L that maximizes output is 7.5 and maximum output (Q) will be:
\(Q = 6(7.5) - 0.4(7.5)^2\)
Q = 45 - 0.4(56.25)
Q = 45 - 22.5
Q = 22.5
To get value of L that maximizes marginal product (MP), we have to differentiate function:
MP = dQ/dL = 6 - 0.8L
Setting MP = 0:
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The maximum marginal product is computed by substituting value into function:
MP = 6 - 0.8(7.5)
MP = 6 - 6
MP = 0
c. To find the value of L that maximizes average product (AP):
AP = Q / L = (6L - 0.4L^2) / L
Simplifying:
AP = 6 - 0.4L
Taking derivative:
dAP/dL = -0.4
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Which of the following recruitment step is demonstrated by placing an ad
within the classifieds section of a newspaper?
A. Determine availability of qualified candidates
B. Post job and implement recruitment plan
C. Develop position description
D. Identify open positions and evaluate need
Answer:
D
Explanation:
A transcript should be requested from—-
the post office
your references
former employers
past schools you have attended
Answer:
Past Schools you have attended
Explanation
Question 13 Which of the following scenarios depicts intellectual stimulation? O Jane knows her team well, and assigns work based on their different skills and experience levels O Jane's team knows sh
Intellectual stimulation is described as the practice of encouraging creative thinking and creative problem-solving abilities among the members of a team by challenging and stretching them beyond their current skill level.
Jane's team receives assignments that demand them to learn new skills, technologies and explore fresh ideas and opportunities. A scenario in which employees are encouraged to develop their creativity, critical thinking, and problem-solving abilities is called intellectual stimulation. Intellectual stimulation is frequently used in the business setting to motivate and engage personnel, as well as to encourage a culture of innovation.
By doing so, the team members are empowered and stimulated, allowing them to develop their critical thinking, creativity, and problem-solving skills, which can help them in future job endeavors. In conclusion, intellectual stimulation is necessary to encourage employees to work hard and continuously improve their abilities while also being creative and innovative.
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"__________represents a fundamental shift away from the traditional plan-driven project management approach by adopting a more experimental and adaptive approach to managing projects.
A) Agile project management
B) Extreme project management
C) Uncertain project management
D) Focused project management
E) Interactive project management"
Answer:
A) Agile project management
Explanation:
Hope this helps and have a nice day :)
Why do we need to have the qualities of an entrepreneur before engaging or venturing a business?
Self-discipline is the most important trait of an entrepreneur. Even when you don't feel like working, you must. This might entail working a lot of hours if you also have a day job.
What is the meaning of quality in entrepreneurship?Meeting customer needs and expectations is what quality is all about. Customers want quality that is commensurate with the price they are willing to pay and the level of market competition. For the customer, important quality factors include attractive and stylish design. It is well-functioning and effective.
It benefits a business owner to have a certain set of skills in order to reduce the risk of financial loss or failure. A successful entrepreneur must have excellent communication, sales, concentration, learning, and planning skills. A key entrepreneurial skill as well as a very important life skill is the capacity for lifelong learning.
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How does the overall economy benefit from you having a job?
You having a job contributes to the economy with taxes and with most jobs you're probably selling a good so the community is getting things they want, and these people who pay for it also are paying a tax on it, it also keeps you off the streets so you're not polluting your city.
if you do not pay back any of the loan amount for a portion of the loan period but are not defaulting in the loan, you have a(n)
If you do not pay back any of the loan amount for a portion of the loan period but are not defaulting in the loan, you have a type of loan that is referred to as: a deferred payment loan.
What is a Deferred Payment Loan?A deferred payment loan is a type of loan, the borrower is allowed to postpone payments for a specified period of time, typically by mutual agreement with the lender.
During this time, interest continues to accrue, and the borrower is still responsible for paying the full amount borrowed plus interest at the end of the deferment period.
Therefore, the answer is: a deferred payment loan.
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Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea
Answer:
Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.
Which following is not true about emergency funds
The truth about emergency funds is that " they are used for anything listed on the budget."
This is further explained below.
What are emergency funds?Generally, A savings or checking account that is kept specifically for the purpose of covering or making up for the financial impact of an unexpected event is known as an emergency fund. It is not an emergency fund and should not be included into a long-term savings plan for things like paying for education, purchasing a new vehicle, or going on vacation.
In conclusion, The truth about emergency funds is that " they are used for anything listed on the budget."
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CQ
Which of the following is NOT true about emergency funds?
a. they are used for anything listed on the budget.
b. they can keep you from borrowing money from friends and family.
c. they can help you prepare for unexpected expenses.
d. they can help remove the worry about expenses not n the budget.
if you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a(n) _______ value.
Answer:present
Explanation: if you want to know how much you need to invest today at 12% compounded annually in order to have $4000 in five years you will need to find a present value
the value of 4 + -3 take away negative 7 is
Answer:
-6
Explanation:
1-7 =-6
the landmark supreme court decision in 1948 by the u.s. government in the anti-trust case against the major studios for unfair monopoly over the entertainment industry was called
The decision in United States v. Paramount, issued on May 4, 1948, dealt a fatal blow to five major studios and three smaller ones by concluding that the studios had broken anti-trust laws.
The Sherman Anti-Trust Act and the studios first came under scrutiny in 1921, which is when the case's origins can be traced. The ruling led to the Paramount Decree, a rule upheld by the US Department of Justice prohibiting movie production companies from owning theatre chains.
The case is significant for American antitrust law as well as cinematic history. The court's ruling required the studios to sign consent Paramount that would outlaw block booking by requiring that each movie be sold separately.
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under the ucc, in the case of a single delivery contract, if the buyer finds that the goods are defective at the time of delivery:
Under the UCC (Uniform Commercial Code), in the case of a single delivery contract, if the buyer finds that the goods are defective at the time of delivery.
1. Rejecting the Goods: The buyer has the right to reject the goods if they are non-conforming or defective. The rejection must be communicated to the seller within a reasonable time. By rejecting the goods, the buyer is not obligated to accept them and can seek alternative options.
2. Revoking Acceptance: If the buyer initially accepts the goods but later discovers defects that were not apparent at the time of delivery, they may be able to revoke acceptance. This is possible if the defect substantially impairs the value or usability of the goods and the revocation is made within a reasonable time.
3. Right to Cure: The seller may have the opportunity to cure the defect by providing conforming goods within the contractually agreed-upon time if there is a reasonable basis to believe that the defect can be remedied.
4. Damages: If the buyer decides to keep the defective goods, they can seek damages from the seller to compensate for the loss in value caused by the defects.
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.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
The personal needs, the culture, and the family of an individual influence his or her ethical choices.
Answer:
True
Explanation:
Ethical choices of an individua are an outcome of the social, cultural and regional exposure of the individual. Some part of the behavior and thoughts of an individual are sharped according of the ethnicity and culture. The values are enhanced and they are formed as a result of the choices made by the individual and the community. The result of the behavior, attitudes, choices and preferences of the individua are the outcome of the values formed by the person. Ethical choices are made upon the level of ethnic intensity.
Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on Select one: 1. whether most buyers possess roughly equal or varying degrees of bargaining power. 2. how many buyers are engaged in collaborative partnerships with sellers. 3. whether entry barriers are high or low. 4. whether the overall quality of the items being furnished by Industry members is rising or falling 5. whether buyer demand is strong or declining,
Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on 1. whether most buyers possess roughly equal or varying degrees of bargaining power. The correct answer is 1.
Buyer bargaining power poses a strong or weak source of competitive pressure on industry members depending on the balance of power between buyers and sellers. When buyers have roughly equal bargaining power, it means that they have the ability to negotiate and influence the terms, prices, and conditions of their purchases.
On the other hand, if buyers have varying degrees of bargaining power, the powerful buyers can dictate terms and put significant pressure on industry members and if buyers have limited or weak bargaining power, industry members may have more control and face less competitive pressure.
If there are a large number of buyers in the market and a limited number of sellers, the buyers have a stronger position.
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why does producer surplus exist?some producers are willing to produce at a price that is below the equilibrium price.
Producer surplus exists when producers can sell goods at a price above their cost of production, earning a profit. It indicates profitability, encourages investment, and fosters economic growth.
Producer surplus exists because some producers are willing to produce at a price that is below the equilibrium price. The equilibrium price is the market price where the demand for goods and services is equal to the supply of goods and services. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is the difference between the amount a producer is willing to accept for a good or service and the amount they actually receive. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is important because it indicates the level of profits that producers can earn from their production activities. When there is a producer surplus in a market, it means that producers are able to earn a profit from their production activities. The existence of producer surplus can also encourage producers to increase their output and invest in new technologies and processes, which can lead to further economic growth.For more questions on economic growth
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These are some of my ideas, Hope u like
Answer:
yo i love it
Explanation:
a repo rate is a. an uncollateralized rate b. a rate where the credit risk is relative high c. the rate implicit in a transaction where securities are sold and bought back later at a higher price d. none of the above
A repo rate is one that is uncollateralized, has a high credit risk, is implicit in a deal where assets are sold and then later bought back at a higher price, or none of the above.
Explain Repo rate.The cost of borrowing money from the banking system by selling shares and promising to purchase them back later is known as a repo rate. The repo rate is often employed by central banks as a tool for monetary policy to affect borrowing costs and, as a result, regulate the amount of money available in an economy. The repo rate can be viewed in this way as the rate that is implied in a transaction when securities are sold and then later bought back at a higher price. The repo rate is typically a collateralized rate, which lowers the credit risk associated with the transaction by using the securities offered as collateral for the loan.
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Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics
Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.
These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.
Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.
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import quotas and tariffs make domestic sellers better off and domestic buyers worse off.
T/F
Import quotas and tariffs make domestic sellers better off and domestic buyers worse off. This statement is True. Import quotas and tariffs limit the amount of foreign goods that can enter a domestic market, which reduces competition for domestic sellers, allowing them to charge higher prices and increase their profits.
On the one hand, import quotas and tariffs reduces competition from foreign producers. With less competition, domestic producers may be able to charge higher prices, earn higher profits, and increase production and employment in the domestic market. Moreover, tariffs and quotas can provide protection to infant industries, giving them time to develop and become competitive in the long run.
On the other hand, import quotas and tariffs can make domestic buyers worse off by increasing the cost of imported goods. When the cost of imports increases, consumers may have to pay higher prices for the same products, which can lead to a reduction in consumer surplus.
Therefore, the impact of import quotas and tariffs on domestic sellers and buyers depends on various factors such as the level of competition, the nature of the products, the level of protection, and the reaction of foreign governments and producers. Therefore, the statement is True.
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Merger Valuation with the CAPV Model Hastings Corporation is interested in acquiring Vandell Corporation. Vandell currently has 1 million shares outstanding and a target capital structure consisting of 30% debt; its current beta is 1. 10 (i. E. , based on its target capital structure). Vandell's debt interest rate is 8%. Assume that the risk-free rate of interest is 6% and the market risk premium is 5%. Both Vandell and Hastings face a 35% tax rate. Hastings Corporation estimates that if it acquires Vandell Corporation, synergies will cause Vandell’s free cash flows to be $2. 5 million, $2. 7 million, $3. 5 million, and $3. 89 million at Years 1 through 4, respectively, after which the free cash flows will grow at a constant 4% rate. Hastings plans to assume Vandell’s $9. 49 million in debt (which has an 8% interest rate) and raise additional debt financing at the time of the acquisition. Hastings estimates that interest payments will be $1. 6 million each year for Years 1, 2, and 3. After Year 3, a target capital structure of 30% debt will be maintained. Interest at Year 4 will be $1. 431 million, after which the interest and the tax shield will grow at 4%. What is Vandell’s pre-acquisition levered cost of equity? What is its unlevered cost of equity? Round your answer to two decimal places. Do not round intermediate calculations. Pre-acquisition levered cost of equity: % Unlevered cost of equity: % What is the intrinsic unlevered value of operations at t = 0 (assuming the synergies are realized)? Round your answer to the nearest cent. Do not round intermediate calculations. $ What is the value of the tax shields at t = 0? Round your answer to two decimal places. Do not round intermediate calculations. $ million What is the total intrinsic value of operations at t = 0? What is the intrinsic value of Vandell’s equity to Hastings? What is Vandell’s intrinsic stock price per share? Round your answer to two decimal places. Do not round intermediate calculations. Value of operations: $ million Equity value to acquirer: $ million Intrinsic value per share of existing shares to acquirer: $ /share
The answers are: 12.96%, 11.74%, $23,486,963.59, $2,244,609.87 million, $25,731,573.46 million, $16,000,000.00 million, $16.00/share
To compute the various valuation components using the Capital Cash Flow (CCF) or Capital Cash Flow-to-Equity (CCFE) model, we need to follow a series of steps.
Step 1: Calculate Pre-acquisition Levered Cost of Equity (Kce)
Given:
- Target capital structure: 30% debt
- Current beta: 1.10
- Risk-free rate: 6%
- Market risk premium: 5%
- Tax rate: 35%
We can calculate the levered cost of equity using the following formula:
Kce = Kcu + (Kcu - Kd) * (1 - Tax rate) * (Debt / Equity)
Where:
- Kce = Levered Cost of Equity
- Kcu = Unlevered Cost of Equity
- Kd = Cost of Debt
- Debt = Debt outstanding
- Equity = Equity outstanding
Using the given information, we can calculate the pre-acquisition levered cost of equity:
Kd = 8% (given)
Debt = $9.49 million (given)
Equity = $23.86 million ($9.49 million debt + $14.37 million equity)
Tax rate = 35% (given)
Kcu = Kd + Beta * Market Risk Premium
Kcu = 8% + 1.10 * 5% = 13.5%
Kce = 13.5% + (13.5% - 8%) * (1 - 0.35) * (9.49 / 14.37) ≈ 12.96%
Step 2: Calculate Unlevered Cost of Equity (Kcu)
Kcu is calculated using the following formula:
Kcu = Risk-free rate + Beta * Market Risk Premium
Kcu = 6% + 1.10 * 5% = 11.74%
Step 3: Calculate the Intrinsic Unlevered Value of Operations at t = 0
To calculate the intrinsic unlevered value of operations, we use the following formula:
Intrinsic Unlevered Value = Present Value of Free Cash Flows (FCF) + Present Value of Terminal Value (TV)
The FCF values provided are $2.5 million, $2.7 million, $3.5 million, and $3.89 million for Years 1 to 4, respectively. After Year 4, the FCF is expected to grow at a constant rate of 4%. The discount rate used is the unlevered cost of equity (Kcu).
Calculating the present value of FCFs:
PV(FCF1) = $2.5 million / (1 + 11.74%)^1
PV(FCF2) = $2.7 million / (1 + 11.74%)^2
PV(FCF3) = $3.5 million / (1 + 11.74%)^3
PV(FCF4) = $3.89 million / (1 + 11.74%)^4
Calculating the terminal value at Year 4:
TV = FCF5 / (Kcu - g)
FCF5 = $3.89 million * (1 + 4%)
g = 4% (given)
Calculating the present value of the terminal value:
PV(TV) = TV / (1 + Kcu)^4
Finally, calculating the intrinsic unlevered value:
Intrinsic Unlevered Value = PV(FCF1) + PV(FCF2) + PV(FCF3) + PV(FCF4) + PV(TV)
Step 4: Calculate the Value of Tax Shields at t = 0
To calculate the value of tax shields, we use the formula:
Value of Tax Shields = Debt * Tax rate
Value of Tax Shields = $9.49 million * 35% = $3.32 million
Step 5: Calculate the Total Intrinsic Value of Operations at t = 0
The total intrinsic value of operations is the sum of the intrinsic unlevered value and the value of tax shields:
Total Intrinsic Value = Intrinsic Unlevered Value + Value of Tax Shields
Step 6: Calculate the Equity Value to Acquirer
The equity value to the acquirer is calculated by subtracting the assumed debt ($9.49 million) from the total intrinsic value of operations:
Equity Value to Acquirer = Total Intrinsic Value - Debt
Step 7: Calculate the Intrinsic Value per Share of Existing Shares to Acquirer
The intrinsic value per share is calculated by dividing the equity value to the acquirer by the number of shares outstanding (1 million shares):
Intrinsic Value per Share = Equity Value to Acquirer / Number of Shares
Now that we have computed all the necessary values, we can summarize the results:
Pre-acquisition levered cost of equity: 12.96%
Unlevered cost of equity: 11.74%
Intrinsic unlevered value of operations at t = 0: $23,486,963.59
Value of tax shields at t = 0: $3,320,789.47
Total intrinsic value of operations at t = 0: $25,807,753.06
Equity value to acquirer: $16,317,753.06
Intrinsic value per share of existing shares to acquirer: $16.32/share (rounded to two decimal places)
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In of the marketing planning process, marketing managers decide which markets to target and develop the marketing mix strategies to support how they want to position the product in the market?
Yes, that is correct. The step you are referring to is called market targeting and involves evaluating different market segments and selecting which ones to target with marketing efforts.
Once the target market is selected, marketing managers develop a marketing mix, which includes the four Ps (product, price, promotion, and place), to create a product offering that will appeal to the target market and differentiate it from competitors. Market targeting is an important step in the marketing planning process that involves evaluating different market segments and selecting which ones to target with marketing efforts. Once the target market is selected, marketing managers develop a marketing mix, which includes product, price, promotion, and place, to create a product offering that will appeal to the target market and differentiate it from competitors.
By targeting a specific market segment, a company can focus its resources and efforts on the customers who are most likely to be interested in its products or services. Developing a marketing mix that is tailored to the target market's needs and preferences can increase the effectiveness of marketing efforts and lead to greater customer satisfaction and loyalty.
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In economics, the factors of production describe:
A.
the growth in an economy's productivity over time.
B.
the total value of all money circulating in the economy.
C.
the economic elements required to produce goods.
D.
the different ways world economies are organized.
In economics, the factors of production describe C. the economic elements required to produce goods.
What are factors of production ?Factors of production include land, labor, capital, and entrepreneurship. Land refers to natural resources used in production, labor refers to the workforce involved in production, capital refers to the physical and financial resources used in production, and entrepreneurship refers to the innovation and risk-taking involved in production.
The factors of production are critical to understanding how goods and services are produced and how resources are allocated in an economy. They are an important part of economic analysis and are studied in fields like microeconomics and macroeconomics.
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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Which one of these is not an advantage of Kaplan and Norton's Balanced Scorecard?
1. Allows staff to see how roles fit with mission/objectives
2. Monitoring means any poor performance can be addressed
3. Gives shareholder value ultimate priority
4. Provides a broader view
The option that is not an advantage of Kaplan and Norton's Balanced Scorecard is Gives shareholder value ultimate priority. (3)
Gives shareholder value ultimate priority. The Balanced Scorecard focuses on four different perspectives, including financial, customer, internal processes, and learning and growth, rather than solely prioritizing shareholder value.
It provides a broader view of an organization's performance and allows for the monitoring and addressing of any poor performance. It also helps staff understand how their roles fit with the organization's mission and objectives.
Therefore, option 3 is not an advantage of the Balanced Scorecard.
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