Buy-Rite Pharmacy has purchased a small auto for delivering prescriptions. The auto was purchased for $27,000 and will have a 6-year useful life and a $5,600 salvage value. Delivering prescriptions (which the pharmacy has never done before) should increase gross revenues by at least $33,600 per year. The cost of these prescriptions to the pharmacy will be about $28,200 per year. The pharmacy depreciates all assets using the straight-line method. The payback period for the auto is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.) Multiple Choice 6 years 5.2 years 4 years 5 years
Answers
The payback period for the auto is closest to 5.2 years.
To calculate the payback period, we need to determine how long it takes for the pharmacy to recover the initial investment in the auto. The net cash inflow from delivering prescriptions is calculated as the increase in gross revenues ($33,600) minus the cost of prescriptions ($28,200), which equals $5,400 per year.
Dividing the initial investment ($27,000) by the net cash inflow per year ($5,400), we get a payback period of 5 years. However, since the salvage value of $5,600 is also expected to be recovered at the end of the 6-year useful life, we subtract this salvage value from the initial investment.
So, the adjusted initial investment is $27,000 - $5,600 = $21,400. Dividing this by the net cash inflow per year ($5,400), we get a payback period of approximately 3.96 years. Rounded to 1 decimal place, the payback period is 5.2 years.
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Related Questions
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
QUESTION 1 of 10: Identity theft is important to be aware of because:
O a) Once your identity is stolen, it can't be used again by another thief
Ob) Once your identity is stolen, it is impossible to ever have good credit again
Oc) Once your identity is stolen, it will not affect your life once you are on your own
O d) Once your identity is stolen, it can be fraudulently sold, and others can continue to use your good credit to obtain credit cards and loans
Answers
what are some good jobs for an 15 or 16 year old ?
Answers
Answer:
dog walker,babysitting, fastfood restaurants
Answer:
Babysitter, Newspaper Delivery, Lawn Mowing, Lifeguard, Working Retail, Fast Food Server
Explanation:
During the interview process with both companies, Justin learns something about a new product that Big Box Co. Is producing that will directly compete with Hope Springs. Because Justin learned about the ethics of and what is unethical, he will not share this information during his interview with Hope Springs.
Answers
Answer:
Ethics of Competition
Explanation:
Justin Justin learned about the ethics of competition, which implies that he does not disclose what he knows even if it is not in favour of Hope Springs because competition allows for such concealment of information.
Remember, a major facet of the"ethics of competition" is that it allows for freedom, so Big Box Co. has the freedom to produce any new product that would give her greater advantages.
Ethics in the organization have an important role in the marketing of the organization and the employee's ethics are responsible for the company's work. The organization's ethics helps in evaluating the stake of the company in the market.
The ethics learned by Justin helps him maintain the principle of both the companies. The sharing of information from Justin's end will deteriorate his employee's ethics, and his chances of being selected for the company's position may reduce.
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Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentives for new business owners B. because the government makes all decisions, it is easier for business owners C. because it does not include things like taxes, tariffs, or any type of regulation D. because it has financial regulations that benefit start-up businesses
Answers
Answer:
D. because it has financial regulations that benefit start-up businesses
Explanation:
In a laissez-faire economy, the government does not interfere with economic activities of such as production, consumption, or private contracts. The government focuses on enforcing law and order, providing public goods, and regulating activities in the country.
Starting a new business in a laissez-faire economy assures an entrepreneur of fair business practices due to government regulations. The business owner will be confident when entering into contracts as the government enforces them.
Answer:
The correct answer would be C
Explanation:
Laissez-faire doesn't include things like taxes, tariffs, or any type of regulation and that's why businesses like to start with Laissez-faire.
a single dwi conviction can cost a driver up to ____.
Answers
An airline promotion to business travelers is based on the assumption that two-thirds of business travelers use a laptop computer on overnight business trips.
a.) state the hypotheses that can be used to test the assumption.
h0:p
ha:p
b.) what is the sample proportion from an american express sponsored survey that found 365 of 543 business travelers use a laptop computer on overnight business trips (to 2 decimals)?
c.) what is the p-value (to 4 decimals)?
Answers
The answers of the airline promotion questions are: a) H0: p Ha: p ≈ 0.67 The significance level, α=0.05. b) = 0.67 c) p-value = P(z>0) = 0.5000
There is insufficient data to conclude that more than two thirds of business travelers utilize laptop computers when on overnight business trips. Promotion includes a wide range of activities aimed at increasing public awareness or advancing a product. When referring to a career, promotion is raising a worker's rank or position within a hierarchical system. Promotion, as used in marketing, describes raising interest in a product through marketing or a lower price. It can include increasing an employee's position, spreading word about certain product bargains, or generating interest in undervalued stocks. In the marketing industry, they are routinely given. The most frequent usage of the phrase is in reference to a work promotion.
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If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answers
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
the measuring of social, financial, and environmental factors (or people, places, and planet) that recognizes business has a responsibility to positively influence a variety of stakeholders, including customers, employees, shareholders, community, and the natural environment is defined as .
Answers
The natural environment is defined as Corporate Social Responsibility (CSR).
What is natural environment?
All living as well as non-living things that occur naturally, or in this case, without the use of artificial means, are included in the natural environment as well as natural world. The phrase is most frequently used in reference to Earth or certain regions of it. The interaction of all living things, the climate, the weather, and the natural resources that have an impact on human survival as well as economic activity are all included in this environment. The built environment stands in contrast to the natural environment. Humans have significantly changed the natural environment into a more streamlined human environment in built environments, such as urban settings and the conversion of agricultural land. Even less extreme actions, like erecting a mud hut or installing a photovoltaic system inside the desert, turn the natural environment into an artificial one.
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A cup of Starbucks colfee is equally as good as a cup of Dunkin' Donuts colfee for me (assuming हqual sized cups.) The price of a cup of coffee at Starbucks used to be $1,50 compared to $1 at Dunkin Donuts. These days Starbucks colfee costs $2. The Compensating Variation of this price increase for me is
Answers
The Compensating Variation of this price increase for me is $5.
Compensating Variation is the amount of money that must be paid to a customer to offset the reduction in consumer surplus caused by a price rise, allowing the customer to buy the original amount of a good or service at the new, higher price.
CV = [(new price of Starbucks coffee - initial price of Starbucks coffee) / (initial price of Dunkin' Donuts coffee)] * initial budget or income
In this scenario, the initial budget was not mentioned, so we can assume that the individual has a fixed budget of $10 per day for coffee.
If the initial price of Starbucks coffee was $1.50, then the CV would be calculated as follows:
CV = [(2 - 1.5) / 1] * 10
= 0.5 * 10
= $5
Therefore, the compensating variation of this price increase for this individual is $5.
This means that the individual would need an additional $5 to be willing to pay the new price for Starbucks coffee while maintaining the same level of satisfaction with both types of coffee.
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two friends, will and bill, decided to create a business together renting surfboards and paddle boats in california. will and bill will equally share in the decision making and in the business profits or losses. which type of business did they create if they both have full personal liability for the firm's debts?
Answers
General partnership is type of business did they create if they both have full personal liability for the firm's debts.
Debt is an obligation that forces one person, the debtor, to pay another party, the creditor, currency or other agreement value. Debt is a delayed payment, or a series of payments, as opposed to an instant purchase. A federal state or country, a municipal government, a firm, or a person may owe the obligation.
Commercial debt is often subject to contractual provisions governing the amount and frequency of principle and interest repayments. Debt includes loans, securities, notes, and mortgages. Debt is a form of financial activity that is separate from equity in financial accounting.
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Determine the value of z.
Question 9 options:
A)
53°
B)
121°
C)
57°
D)
239°
Answers
Explanation:
Let angle y be the unknown angle inside the triangle.
given
y + 87 + 34 = 180 (sum of angles in a triangle)
\(y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59\)
given y + z = 180 (angles on same straight line)
\(y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121\)
The answer should be 121°
Using the following information, what is the firm's cash flow from operations? Net Income: 170 Decrease in Accounts Receivable: 25 Depreciation: 50 Increase in Inventory: 17 Decrease in Accounts Payable: 10 Decrease in Wages Payable: 16 Increase in Short Term Deferred Tax Liabilities: 37 Gain from the sale of land: 13 a. $226 b. $176 c. $152
Answers
The cash flow from operations is $152.
The formula for cash flow from operations is as follows: Cash Flow from Operations = Net Income + Depreciation + (Decrease in Accounts Receivable) + (Increase in Inventory) + (Decrease in Accounts Payable) + (Decrease in Wages Payable) - (Increase in Short Term Deferred Tax Liabilities) - (Gain from Sale of Land)
Plugging in the values from the information provided: Cash Flow from Operations = 170 + 50 + ( - 25) + (17) + (- 10) + (- 16) - (37) - (13) = $176 So the answer is (b) $176.
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a marked decrease in motor reaction time and brain processing in older adults may be attributed to:
Answers
A marked decrease in motor reaction time and brain processing in older adults may be attributed to several factors.
Firstly, as people age, the processing speed of their brain tends to slow down, which means that it takes longer for them to react to stimuli. This is due to a natural decline in the brain's neural connections and changes in the structure of the brain. Additionally, older adults may experience age-related changes in vision, hearing, and other sensory systems, which can affect their ability to process information quickly. This can impact their motor reaction time as they struggle to process the stimuli quickly enough to react in a timely manner. Furthermore, older adults may experience cognitive decline due to aging or conditions such as dementia, which can also contribute to a decrease in motor reaction time. The ability to think and reason quickly may be impaired, making it more challenging to react quickly to stimuli. Overall, a marked decrease in motor reaction time and brain processing in older adults is a natural part of the aging process. However, engaging in regular physical and mental exercise can help slow down the decline and improve overall cognitive function. It's essential to stay active and maintain a healthy lifestyle as we age to keep our brains and bodies healthy.
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Fingen's 19-year, $1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is $1,140 and the market's required yield to maturity on acomparable-risk bond is 11 percent.
a. Compute the bond's yield to maturity.
b. Determine the value of the bond to you, given your required rate of return.
c. Should you purchase the bond?
Answers
a. The bond's yield to maturity can be calculated using the formula: Yield to maturity = (Annual interest payment + (Par value - Market price) / Number of years) / ((Par value + Market price) / 2)
In this case, the annual interest payment is $140 (14% of $1,000), the par value is $1,000, the market price is $1,140, and the number of years is 19. Plugging in these values:
Yield to maturity = (140 + (1,000 - 1,140) / 19) / ((1,000 + 1,140) / 2)
Yield to maturity = (140 - 140 / 19) / (2,140 / 2)
Yield to maturity = 120 / 1,070
Yield to maturity ≈ 0.1121 or 11.21%
b. To determine the value of the bond to you, given your required rate of return, we need to calculate the present value of the bond's cash flows. The cash flows consist of annual interest payments of $140 and the repayment of the par value of $1,000 at maturity in 19 years.
We'll use the required rate of return as the discount rate. Let's assume your required rate of return is 12%. Using a financial calculator or spreadsheet, we can calculate the present value of the bond as follows:
PV = (Interest payment / (1 + r) + ... + Interest payment / (1 + r)^n) + (Par value / (1 + r)^n)
PV = (140 / (1 + 0.12) + ... + 140 / (1 + 0.12)^19) + (1,000 / (1 + 0.12)^19)
By summing up all the present values, we can determine the total present value of the bond. If the total present value is higher than the market price of $1,140, the bond would be considered undervalued and potentially a good investment.
c. Based on the calculations in part b, you should compare the value of the bond (its present value) to the market price of $1,140. If the present value is higher than the market price, it suggests that the bond is undervalued and could be a good purchase. However, if the present value is lower than the market price, it indicates that the bond is overvalued and may not be a favorable investment.
Please note that the actual decision to purchase the bond should consider other factors such as your risk tolerance, financial goals, and market conditions. It is advisable to consult with a financial advisor before making any investment decisions.
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Meng Company maintains a $350 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $90 for office supplies, $180 for merchandise inventory, and $30 for miscellaneous expenses. There is a cash shortage of $12. The journal entry to replenish the fund on January 31 is:
Answers
If there is a cash shortage of $12. The journal entry to replenish the fund on January 31 is: Debit Office supplies $90, Debit Merchandise inventory $180, Debit Miscellaneous expenses $30, Debit Cash shortage $12, Credit Petty cash refund $312.
Journal entryThe appropriate journal entry to replenish the fund on January 31 is:
Meng Company
January 31
Debit Office supplies $90
Debit Merchandise inventory $180
Debit Miscellaneous expenses $30
Debit Cash shortage $12
Credit Petty cash refund $312
(To record petty cash fund replenishment)
Therefore the entry to replenish the fund on January 31 is: Debit Office supplies $90, Debit Merchandise inventory $180, Debit Miscellaneous expenses $30, Debit Cash shortage $12, Credit Petty cash refund $312.
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bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Answers
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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you are evaluating a company's stock. the stock just paid a dividend of $1.75. dividends are expected to grow at a constant rate of 5 percent for a long time into the future. the required rate of return (rs) on the stock is 12 percent. what is the fair present value? multiple choice $26.25 $22.50 $35.26 $50.25 none of these choices are correct.
Answers
The fair present value of the company's stock is A. $26.25.
Calculate fair present valueThe fair present value of the company's stock can be calculated using the dividend discount model (DDM). The DDM formula is:
PV = D1 / (rs - g)
Where PV is the present value of the stock, D1 is the next dividend payment, rs is the required rate of return, and g is the expected growth rate of dividends.
In this case, the next dividend payment (D1) can be calculated by multiplying the current dividend ($1.75) by the expected growth rate (5%):
D1 = $1.75 x 1.05 = $1.8375
Now we can plug in the values into the DDM formula: PV = $1.8375 / (0.12 - 0.05)
= $26.25
Therefore, the fair present value of the company's stock is $26.25. The correct answer is A) $26.25.
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How to convince people to buy your wine.
Answers
Answer and Explanation:
Talk them into it..
Answer:
either make an ad, or make the wine actually delicous and do not click-bait. click-baiting will have your chances on people buying your wine to a lower chance.
Which of the following criteria is important when identifying a potential
mentor?
A. Whether you admire the person
B. The person's passions outside of work
C. How much money the person makes
D. How many mentees the person has had previously
SUBMIT
Answers
Answer: A
Explanation:
Answer:
A. Whether you admire the person
Explanation:
the question is in the picture, please help!!
Answers
Answer: At a trial in a U.S. District Court, witnesses give testimony and a judge or jury decides who is guilty or not guilty — or who is liable or not liable. The appellate courts do not retry cases or hear new evidence. They do not hear witnesses testify.
Explanation:
A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than process costing. Group startsTrue or False
Answers
Answer:
It is TRUE that a flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than a process costing.
Explanation:
This is because typically, a Job-order costing process is best suited for a production system whereby there are several different products or services and. And these products are tailored to individual consumers or customer specifications.
On the other hand, process costing is a form of cost that is best suited for manufacturing homogenous products and can be produced massively. Hence, flour manufacturer in the uses Process costing while customized leather Jacket producers would opt for Job order costing process
What is FFA’s publication titled?
Boundaries
Vistas
Perspective
Horizons
Answers
Answer:
horizons
Explanation:
Learn everything you need to know about FFA—its history, bylaws, constitution and more—with the Official FFA Manual, now available online for free. You can also view the links on your mobile phone for easy access.
Three key takeaways from the history of credit in america segment are: _______________
Answers
The first credit card was the Diners Club Card, introduced in 1950. The first bank credit card was created in 1951 by the Franklin National Bank, which is located in Long Island, New York.
Before others realised how profitable credit cards were, it wasn't long before there were 60 credit card programmes operating in the United States by 1953.
It documented the capacity to repay debts and demonstrated accountability for doing so.
The major purchases from American credit history are listed below:
Your credit history is a record of both your accountability and ability to repay debt. Includes the quantity and kinds of credit accounts you've credited, the length of time your account has been open, the balance owed, the amount of credit available, whether you make on-time payments on your bills, and the number of recent credit requests. For having a good credit history, you'll get benefits like lower rates on car and house loans.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
write an explanation of how the iPhone goes from a design at Apple to a retail store shelf. Include at least four steps in the process.
Answers
The journey of the iPhone from designing at apple to retail stores includes sending the design to the manufacturing unit where the materials are selected, then these material is arranged based on the design then polishing and finishing took place, and at last shipped to different countries' outlets.
What is iPhone?An iPhone is the latest smart device introduced by the organization named apple with unique features of advanced technology. This phone provides the features of a computer in the phone itself.
The journey of the iPhone from design at apple to retail store shelf includes-
Decision-making for material selectionDevelopment of Device body partsAssembly of body parts and finishing which includes glass finishingTransported to various outlets.Learn more about Apple Iphone, here:
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From the following Ledger balances of AB International, prepare a Trial Balance.
Answers
In preparation of our Trial Balance, we have an equal credit and debit side which equals to $65,745.
Prepare of Trial Balance for AB International:A trial balance can be used to identify mathematical errors in a double entry accounting system. If the total debits equal the total credits, the trial balance is considered balanced, and no mathematical errors should exist in the ledgers.
No Particulars L.F. Debit ($) Credit ($)
1. Purchases 12,000
2. Sales 25,000
3. Discount 1,200
4. Salaries 2,500
5. Wages 10,000
6. Cash in Hand 975
7. Cash at Bank 13,500
8. Repairs & Maintenance 870
9. Sundry Expenses 350
10. Mortgage 14,000
11. Mortgage Interest 250
12. Traveling Expenses 100
13. Insurance 150
14. Carriage 250
15. Commission 350
16. Rent and Rates 600
17. Building 6,000
18. Machinery 5,000
19. Delivery Van 4,000
20. Capital 20,000
21. Accounts Payable 3,200
22. Accounts Receivable 4,500
23. Opening Stock 2,450
24. Returns Inward 300
25. Reserve for doubtful debts 800
26. Notes Payable 2,745
27. Notes Receivable 400
Total $65,745 $65,745
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Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition
Answers
The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.
Which components make up strategic management?Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.
What are the five components of strategy?These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.
What are the fundamental four components of strategy?Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answers
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3