The correct citation for the Revised Judicature Act of 1961, Act 236 of 1961, Section 600.5714 in the Michigan Compiled Laws Annotated (MCLA) would be:
MCLA § 600.5714
The MCLA is a compilation of the laws of the state of Michigan that have been enacted by the legislature. It provides an organized and accessible reference to the statutes in force at any given time. The citation includes the abbreviation "MCLA" followed by the section number of the statute.
In this case, the specific statute being referenced is Section 600.5714 of the Revised Judicature Act of 1961, which is part of the larger body of laws governing the judiciary and court procedures in the state of Michigan.
By providing the correct citation, legal professionals, researchers, and individuals seeking to understand or reference this particular statute can easily locate and consult the relevant section within the Michigan Compiled Laws Annotated.
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You are trying to decide how to increase the amount you save. What could you do?
• When you get a pay raise, save the increase from each paycheck
• Each day drop your change in a jar and deposit it when the jar is full
. When you get a pay raise, save a portion of the raise from each paycheck
• Save any extra money that comes in such as birthday gifts or bonuses from work.
• Save any money that is left over at the end of each pay period.
Answer:
I would say All of the Above
Explanation:
Saving money can be done in many ways, in many styles. I hope this helps
The quality of the report Jamie turned in was lower than expected. Here was
part of his explanation: 'Large portions of the material came from Luke down
the hall." What likely character flaw does this reveal in Jamie?
Answer:
he was not doing his job right? im sorry if this is wrong
Explanation:
Answer:
B.Lack of willingness to take responsibility
Explanation:
Debit cards
Pros:
Cons:
Answer:
Pros: their easy to obtain, gets rid of the need to carry cacash to buy things, you can place limits on your spending so you dont overspend, no fee to use, can be used to withdraw cast at ATM's
Cons: some companies systems accept prepaid debit cards, you risk losing money on debit card, easy to gain to your money if card is stolen and PIN is known.
Explanation:
its up to you :)
the five largest producing companies in hollywood signed the big five agreement in february 1927 to .
The Big Five Agreement was a contract made in February 1927 by the top five Hollywood production firms, pledging their cooperation in implementing the best sound system.
The arrangement, dubbed the "Five-Cornered Pact" by Film Daily, brought together Loew's (MGM), First National, Famous Players-Lasky (whose name was changed to Paramount Famous Lasky Company on March 29, 1927), Universal, and PDC. (Neither Fox nor FBO took part in the discussion; Fox had already signed with ERPI and FBO was committed to RCA.) Each corporation named a representative to a producers committee tasked with finding a solution to the many sound-related issues. Sidney R. Kent, the general manager in charge of distribution at Paramount, presided over the group, which was primarily made up of employees from that studio. Legal counsel for Paramount, Louis Swarts.
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A person who does not have capacity to contract may later contract.
A. accept
B. disaffirm
C. counteroffer
D. enforce
Answer:
B.) Disaffirm
Explanation:
I just took it and got it correct
Answer:
B
Explanation: I just took it
) Outline two ways VKW might be affected by increased import controls.
Answer:
see below
Explanation:
Increased import control tends to increase the cost of imports. For a business that depends on imports for its raw materials, increased control will have the following effects.
Can delay or halt production. Increase import control may affect the cost of imports and the quantity of material or parts imported. VKW may be unable to import all the materials it requires for production. This may force it to slow down production before it can get alternative suppliers. Increase in product prices: Imports control might include a rise in import tariff making imports expensive. VKW is likely to increase the price of its products to maintain its profitability.Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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if you are given an amount to start your business, what items will you considered and why?
If I were given an amount to start my business, there are several crucial items I would consider investing in. Here are the key items Market Research and Analysis, Product/Service Development, Marketing and Advertising, Infrastructure and Equipment, Human Resources, Legal and Regulatory Compliance, Contingency Fund.
Market Research and Analysis: Allocating funds for thorough market research and analysis is essential. It helps identify target customers, understand competition, and determine market trends, ensuring informed decision-making and a solid business strategy.
Product/Service Development: Investing in product or service development is crucial to create a high-quality offering that meets customer needs. This includes research and development, prototyping, and testing to refine the product/service before launch.
Marketing and Advertising: A portion of the funds should be dedicated to marketing and advertising efforts. This may include digital marketing campaigns, social media advertising, search engine optimization, and other promotional activities to create brand awareness and attract customers.
Infrastructure and Equipment: Setting up a reliable infrastructure and acquiring necessary equipment are vital. This includes office space, technology infrastructure, manufacturing equipment, or software tools that facilitate efficient operations.
Human Resources: Hiring the right talent is critical for the success of any business. Allocating funds for recruitment, training, and salaries is important to build a skilled team that can execute the business plan effectively.
Legal and Regulatory Compliance: Ensuring compliance with legal and regulatory requirements is crucial. Allocating funds for legal services and licenses/permits will help navigate legal complexities and avoid potential issues in the future.
Contingency Fund: It's prudent to allocate a portion of the funds for unexpected expenses or emergencies. Having a contingency fund provides financial security and allows the business to navigate unforeseen circumstances without compromising operations.
By investing in these areas, I can lay a strong foundation for my business, ensuring a well-researched strategy, quality product/service, effective marketing, efficient operations, compliance with regulations, and the ability to handle unforeseen challenges.
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Give 2 advantages of a corporation?
2 advantages of a business corporation include...
personal liability protectionbusiness security and perpetuityHope this helps!! Good luck with your work :))
Brainliest? I'm trying to rank up please UvU
Answer:
Limited Liability
In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.
Easy Availability of Capital
In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.
Explanation:
Please mark Brainliest, it really helps.
Which of the following is not a law which provides protection against discrimination in the workplace?
A. The Civil Rights Act
B. Fair Labor Standards Act
C. The Equal Pay Act
D. Americans with Disabilities Act
The following is not law that provides protection against discrimination in the workplace is the Civil Rights Act. The correct option is
An important piece of legislation that protects against job discrimination is the Civil Rights Act. It is essential for establishing fairness and equitable chances for everyone in workplace environments. An important piece of American law that outlaws discrimination on the basis of race, color, religion, sex, and national origin is the Civil Rights Act of 1964. It is a thorough piece of legislation that addresses all facets of discrimination, including employment. Employment discrimination is expressly addressed in Title VII of the Civil Rights Act.
Employers are not allowed to treat workers or job seekers unfairly because of certain protected characteristics, which include race, color, religion, sex, and national origin. This implies that these criteria cannot be used by employers to determine who is hired, fired, or promoted.\
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how do you gain market power in a given market?
Answer:
Product differentiation. If a company offers differentiated products and services or holds an extensive market share, it can, to some extent, dictate the pricing of its products and meet the inelastic demand from customers. A high degree of pricing power helps a company achieve market power.
Explanation:
hope it help
Within her company, nadine utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. She has also set up a system with inputs, outputs, transformation processes, and feedback. Nadine’s management perspective is best described as.
Nadine’s management perspective is best described as contemporary.
What is the Hawthorne effect ?
The Hawthorne effect, also known as the observer effect, describes a phenomenon in which employees alter or improve a behavior in response to a change in their surroundings (being observed), rather than in response to the actual change.
Which disciplines does the field of behavioral science include?
Economics, sociology, anthropology, and psychology are all branches of behavioral science.
When building a new residential development or mall a national real estate?
A national real estate organization typically does not cut down many trees when creating a new mall or housing development because it believes that natural resources are finite.Future generations' capacity to meet their own needs must not be jeopardized.Learn more about Hawthorne effect
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. In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.
A negative tax for low-income earners could be funded by redistributing money from high-income earners through a progressive tax system.
The money for a negative tax for low-income earners could be redistributed from high-income earners through a progressive tax system where individuals with higher incomes pay a higher percentage of their income in taxes, which can be used to fund programs like the negative income tax. This approach aims to reduce income inequality by providing support to low-income earners while ensuring that those with higher incomes contribute proportionally more to society's overall financial needs.
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Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held during FY 2020 and the other nine weeks meet during FY 2021. Tuition and fees in the amount of $1,000,000 were collected from students for classes to be conducted in this session.
Required:
What amount should Culver City College recognize as unrestricted revenue in each of the years ended (FYE) June 30, 2020 and June 30, 2021?
Based on the information given, the amount that will be recognized as unrestricted revenue in each of the years will be $100,000 and $900,000.
Unrestricted revenue simply means the donations that can be used by a company or group for purposes that meet the goals that were set aside.
From the information, the unrestricted revenue in June 30, 2020 will be:
= 10% × $1,000,000
= $100,000
The unrestricted revenue for June 30, 2021 will be:
= $1,000,000 - $100,000
= $900,000
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There is a specialty store that you like to go to when you are craving jelly beans. The price is reasonable at $1.30 per pound. The store is a bit of a distance away and you could purchase the same jelly beans at your neighborhood supermarket, but the cost is a little more at $2.10 per pound. You spend about $3 on gas every time you go to the specialty store. How do you know if you are getting enough of the jelly beans to make the trip worthwhile? What two equations would you use to determine your break-even point? (Let C stand for the total cost and x represent the amount of jelly beans.)
Answer:
-You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans.
-The two equations would be:
C=1.30x+3
C=2.10x
Explanation:
From the information given, the total cost at the specialty store would be the result of multiplying the price per pound for the number of pounds plus the amount you spend in gas everytime you go there, which is:
C=1.30x+3
Also, the total cost at your neighborhood supermarket would be the result of multiplying the price per pound for the number of pounds:
C=2.10x
Now, you can say that the price at the specialty store is equal to the price at the supermarket and solve for x to find the amount of jelly beans that would make the total cost at both places the same which would be the break-even point:
1.30x+3=2.10x
3=2.10x-1.30x
3=0.8x
x=3/0.8
x=3.75
You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans. Also, the two equations would be:
C=1.30x+3
C=2.10x
If a seller chooses not to follow fair housing laws the agent should
1. refer the listing
2. refute the listing
3. take the listing anyways
4. sue the seller
In the case of a seller not following fair housing laws, the agent should refer the listing to uphold ethical and legal standards.
If a seller chooses not to follow fair housing laws, the agent should refer the listing. Fair housing laws exist to ensure equal opportunity and prevent discrimination in housing. As a real estate agent, it is crucial to uphold these laws and promote fair and inclusive practices. Referring the listing to another agent or brokerage that is committed to following fair housing laws is the responsible and ethical course of action. By doing so, the agent avoids involvement in potential discriminatory practices and ensures that the seller's property is represented in a manner that aligns with legal and ethical standards.
Refuting the listing may not be a practical option for the agent. While it may be tempting to openly reject a listing due to the seller's non-compliance with fair housing laws, doing so can potentially harm the agent's reputation or business. Instead, it is more advisable to refer the listing to another agent or brokerage that is committed to upholding fair housing laws. By taking this approach, the agent can demonstrate professionalism and a commitment to ethical conduct while ensuring that the property receives appropriate representation.
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Helpppp !!!
Usually done before you introduce a new product to be successful :
A) Test marketing
B) Marketing research
C) Marketing concept
D) Marketing mix
Surveys indicate that top contributors to job satisfaction are None of these choices competitive pay and fast career advancement O competitive pay and job security. Fast career advancement and job security organized management and fast career advancement,
Surveys indicate that the top contributors to job satisfaction are a combination of competitive pay, job security, and fast career advancement. Organized management is also a factor that contributes to job satisfaction.
According to surveys, the most significant contributors to job satisfaction include a combination of competitive pay, job security, and fast career advancement opportunities. Employees value being fairly compensated for their work and having opportunities for growth and advancement within the organization. Additionally, job security provides a sense of stability and reduces anxiety about potential layoffs or job loss. Finally, organized management plays a role in creating a positive work environment, effective communication, and efficient processes, which can enhance job satisfaction.
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A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
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Flexibility falls under which essential skill needed by today’s managers:
system skills
political skills
financial skills
people skills
Flexibility falls under which essential skill needed by today's managers option (d) people skill
Flexibility is an essential skill that modern managers must possess to be successful. It falls under the category of "people skills," which is one of the four main essential skills needed by managers.
Being flexible means being able to adapt to changing circumstances, whether it be changes in the market, changes in team dynamics, or changes in company goals.
In mathematical terms, flexibility can be seen as the ability to change variables and adjust to new equations. Just like a skilled mathematician must be able to adjust their approach when faced with a new problem, a skilled manager must be able to adjust their leadership style when faced with a new challenge.
Overall, flexibility is a crucial skill for managers to have in today's fast-paced and constantly changing business environment. Those who possess this skill are more likely to be successful in their careers and lead their teams to success.
Therefore, the option (d) is the correct one.
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Complete Question:
Flexibility falls under which essential skill needed by today's managers:
a) system skills
b) political skills
c) financial skills
d) people skills
Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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When should I file a complaint with the Better Business Bureau?
The Better Business Bureau (BBB) is an organization that helps consumers resolve complaints about businesses and promotes ethical business practices. If you have had a negative experience with a business and are not satisfied with the company's response to your complaint, you may consider filing a complaint with the Better Business Bureau.
The Better Business Bureau should be contacted when you have attempted to resolve a dispute with a business and have not received a satisfactory resolution. For example, if you have purchased a product or received a service from a company and it was not as advertised, or if the company has failed to fulfill a promise or commitment made to you, you may consider filing a complaint with the Better Business Bureau.
It is important to note that the Better Business Bureau is not a government agency and does not have the power to force businesses to resolve complaints. However, they do have a process in place to mediate disputes and help consumers resolve issues with businesses. By filing a complaint with the Better Business Bureau, you are taking advantage of a valuable resource that can help you resolve disputes with businesses in a fair and impartial manner.
Overall, the Better Business Bureau serves as a resource for consumers to resolve complaints about businesses and to promote ethical business practices. If you have had a negative experience with a business, consider filing a complaint with the Better Business Bureau to seek a resolution.
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chegg In its income statement for the year ended December 31, 2022, Sunland Company reported the following condensed data. Salaries and wages expenses $474,300 Loss on disposal of plant assets $85170 Cost of goods sold 1006740 Sales revenue 2254200 Interest expense 72420 Income tax expense 25500 Interest revenue 66300 Sales discounts 163200 Depreciation expense 316200 Utilities expense 112200 Calculate the profit margin and gross profit rate.
The profit margin for Sunland Company is approximately 7.17% and the gross profit rate is approximately 55.31%.
To calculate the profit margin and gross profit rate, we'll need to use the information provided in the income statement for Sunland Company.
First, let's calculate the gross profit. Gross profit is the difference between the sales revenue and the cost of goods sold (COGS). In this case, the sales revenue is $2,254,200 and the COGS is $1,006,740.
Gross Profit = Sales Revenue - COGS
Gross Profit = $2,254,200 - $1,006,740
Gross Profit = $1,247,460
Next, we can calculate the profit margin. The profit margin is the ratio of net income to sales revenue. To calculate net income, we need to subtract all the expenses (salaries and wages, loss on disposal of plant assets, interest expense, income tax expense, depreciation expense, and utilities expense) from the gross profit.
Net Income = Gross Profit - (Salaries and wages + Loss on disposal of plant assets + Interest expense + Income tax expense + Depreciation expense + Utilities expense)
Net Income = $1,247,460 - ($474,300 + $85,170 + $72,420 + $25,500 + $316,200 + $112,200)
Net Income = $1,247,460 - $1,085,790
Net Income = $161,670
Profit Margin = (Net Income / Sales Revenue) * 100
Profit Margin = ($161,670 / $2,254,200) * 100
Profit Margin ≈ 7.17%
Finally, the gross profit rate is the ratio of gross profit to sales revenue.
Gross Profit Rate = (Gross Profit / Sales Revenue) * 100
Gross Profit Rate = ($1,247,460 / $2,254,200) * 100
Gross Profit Rate ≈ 55.31%
Therefore, the profit margin for Sunland Company is approximately 7.17% and the gross profit rate is approximately 55.31%.
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What focuses on the efficient movement of products through effective transportation management by evaluating multiple transportation modes, carriers, routes, shipping strategies, and support to find the lowest cost combination?.
What focuses on the efficient movement of products through effective transport management is the optimization of transport and logistics.
How important is logistics for a company?Transport and logistics are an essential part of the production cycle in an organization, because it is through this process that the product is distributed and reaches the final consumer. The logistics process must be guided by delivery on time, in exact quality and quantity.
Therefore, the optimization of transport and logistics helps to reduce costs and waste and makes the distribution processes occur faster and safer.
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What is the role of the three questions of economics?
Answer: is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics
Explanation:
Which of the following is one way that land contributes to production?
A. Tools are created by humans to aid production.
B. Roads allow for the transportation of goods.
C. Ideas are needed to figure out how to use natural resources.
D. Energy from the environment fuels production.
Cathy Mavrinac is the vice president of HR for Arcadia Bakeries, a large bread manufacturer. Recently, Hans Brune, one of the best bakers in the company, approached her with a problem. "Cathy, I've got several people on my team who are having a hard time balancing their work and family lives. Either they have children at home or they care for elderly parents, and it's just too hard for them to work a regular schedule. Is there anything we can do?" Cathy thought about it for a minute and responded, "I think so. I've been hearing about some innovative flexible work schedules recently. Let me put some ideas together, and we can talk about it at the next company meeting." At the next company meeting, Cathy announced, "Starting next month, we're going to implement a new flexible work schedule. All employees will be able to request part-time assignments. We will pair people who want to work part-time so that each work shift is covered." Cathy is proposing a plan. Which of the following advantages are associated with flexible scheduling? Check all that apply. A. Flexible scheduling can improve employee satisfaction. B. Flexible scheduling always reduces the overall amount of time employees have to work. C. Flexible scheduling can help employees to balance work and family life. D. Flexible scheduling can attract and retain good employees.
Cathy mavrinac has so many responsibilities as vice president of the company, Looking into the problem, she took a wise decision to implement flexible hours work schedule.
The advantages that are associated with flexible hours are -
A. Flexible scheduling can improve employee satisfaction - As the problem faced by the employees is resolved by the management they will be able to work with dedication.
C. Flexible scheduling can help employees to balance work and family life- The employees will not have to juggle between work and family. They will be able to give proper time to both of them.
D. Flexible scheduling can attract and retain good employees - Satisfied employees are the biggest eye-catcher for the company. Seeing the relaxed work environment, more and more employees will be willing to join the company, retaining the old employees as well.
How would you describe the role of professionalism in writing these types of messages? Which type of message do you think poses the greatest challenge to a writer? Why?
Answer:
In business, being requested to write a business communication of some type can feel like “one more work assignment.” It is tempting to quickly jot and send that email or letter. However, by doing so, employees may miss the opportunity to help their company do more–and miss the opportunity for advancement. Crafting messages correctly is perhaps the single best way to polish your company’s and your own image.
Focusing the communication effort on the message’s receiver results in business objectives quickly achieved, and growing writer credibility. The results are subtle but the impact is large.
This section begins with two keys to success in business communication: audience and purpose.
A role in professional writing would be a political writer who writes speeches for the president or someone else who is important.
Why is professionalism important in writing?The biggest and most important reason for the value of professional writing is that it guarantees your papers' main points are correctly communicated to the target reader.
When asked to create a business communication of any kind, it might feel like "just another work assignment," and it is tempting to hurriedly scribble out and submit that email or letter.
However, by doing so, employees may miss out on opportunities to help their firm achieve more—and therefore miss out on development. Correctly crafting communications is likely the single most effective strategy to improve your company's and your own image.
Focusing communication efforts on the message's receiver leads to faster achievement of corporate goals and increased writer credibility. The effects are slight, but significant.
Therefore, it can be concluded that this section begins with two essential elements of corporate communication success: audience and purpose.
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Greta has risk aversion of A=4 when applied to return on wealth over a one-year horizon. She is pondering two portfolios, the S\&P 500 and a hedge fund, as well as a number of 4-year strategies. (All rates are annual and continuously compounded.) The S\&P 500 risk premium is estimated at 5% per year, with a standard deviation of 17%. The hedge fund risk premium is estimated at 10% with a standard deviation of 32%. The returns on both of these portfolios in any particular year are uncorrelated with its own returns in other years. They are also uncorrelated with the returns of the other portfolio in other years. The hedge fund claims the correlation coefficient between the annual return on the S\&P 500 and the hedge fund return in the same year is zero, but Greta is not fully convinced by this claim. Compute the estimated 1-year risk premiums, standard deviations, and Sharpe ratios for the two portfolios. (Do not round your intermediate calculations. Round "Sharpe ratios" to 4 decimal places and other answers to 2 decimal places.)
The hedge fund is superior to the S&P 500 from the viewpoint of the Sharpe ratio, and it is preferable to the S&P 500.
Risk aversion of A=4 when applied to return on wealth over a one-year horizon. Greta is pondering two portfolios, the S&P 500 and a hedge fund, as well as a number of 4-year strategies. The S&P 500 risk premium is estimated at 5% per year, with a standard deviation of 17%. The hedge fund risk premium is estimated at 10% with a standard deviation of 32%. The returns on both of these portfolios in any particular year are uncorrelated with its own returns in other years. They are also uncorrelated with the returns of the other portfolio in other years.
The hedge fund claims the correlation coefficient between the annual return on the S&P 500 and the hedge fund return in the same year is zero, but Greta is not fully convinced by this claim. Compute the estimated 1-year risk premiums, standard deviations, and Sharpe ratios for the two portfolios.Solution:
PortfolioStandard Deviation(%)Return on portfolio(%)Risk Premium(%)Sharpe RatioS&P 50017%(0.05+1) = 6%5%/(17%) = 0.29Hedge fund32%(0.10+1) = 11%10%/(32%) = 0.31Hedge fund return in the same year is zero, but Greta is not fully convinced by this claim.Greta is considering a number of four-year strategies, and the returns of the two portfolios in any year are uncorrelated with one another and uncorrelated with their own returns in other years.Hence, we have,The standard deviation of the S&P 500 for 4 years is 17% × sqrt(4) = 34%.
The standard deviation of the hedge fund for 4 years is 32% × sqrt(4) = 64%.As a result, the Sharpe ratio for the S&P 500 is 0.29 × sqrt(4) = 0.58 and the Sharpe ratio for the hedge fund is 0.31 × sqrt(4) = 0.62.Thus, the hedge fund is superior to the S&P 500 from the viewpoint of the Sharpe ratio, and it is preferable to the S&P 500.
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Construction equipment has a capital cost of $43,000, salvage value of $3,000 and an asset life of 10 years. Compute the depreciation expense for the first 3 years under Sum-of-the-year’s-digit
The depreciation expense for the first 3 years under the Sum-of-the-Year's-Digits method would be $7,273, $6,545, and $5,818, respectively.
To compute the depreciation expense for the first 3 years using the Sum-of-the-Year's-Digits (SYD) method, we need to follow these steps: Step 1: Calculate the sum of the digits. The sum of the digits is determined by adding the digits from 1 to the asset's useful life. In this case, the useful life is 10 years, so the sum of the digits is calculated as follows: Sum of the Digits = 1 + 2 + 3 + ... + 10; Sum of the Digits = (10 * (10 + 1)) / 2. Sum of the Digits = 55. Step 2: Calculate the depreciation fraction for each year. The depreciation fraction for each year is obtained by dividing the remaining useful life by the sum of the digits. The remaining useful life decreases by 1 each year. Therefore, the depreciation fraction for each year would be as follows: Year 1: 10/55; Year 2: 9/55; Year 3: 8/55
Step 3: Calculate the depreciation expense for each year. To calculate the depreciation expense, we multiply the depreciation fraction for each year by the total depreciable cost (capital cost minus salvage value). In this case, the depreciable cost is $43,000 - $3,000 = $40,000. Year 1: Depreciation Expense = (10/55) * $40,000; Year 2: Depreciation Expense = (9/55) * $40,000. Year 3: Depreciation Expense = (8/55) * $40,000. Performing the calculations, the depreciation expenses for the first 3 years under the Sum-of-the-Year's-Digits method would be as follows: Year 1: Depreciation Expense = $7,273; Year 2: Depreciation Expense = $6,545; Year 3: Depreciation Expense = $5,818. Therefore, the depreciation expense for the first 3 years under the Sum-of-the-Year's-Digits method would be $7,273, $6,545, and $5,818, respectively.
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