When shopping for life insurance, the best strategy is to: a. follow your agent’s recommendations. they are the experts and it is the agent's job to make sure you get the products that are right for you. b. buy your coverage through your employer, if possible. c. figure out how much you need, then comparison shop using the web and other resources. d. wait until you are older so that you can buy a cheaper, shorter term policy. please select the best answer from the choices provided a b c d

Answers

Answer 1

The best strategy when shopping for life insurance is to: c. figure out how much you need, then compare shops using the web and other resources.

When shopping for life insurance, it is important to first determine how much coverage you need. This can be based on factors such as your income, financial responsibilities, and any dependents you have.

Once you have an idea of the coverage you need, use the internet and other resources to compare different life insurance providers and their policies. This will allow you to find the most suitable coverage at the best price for your specific needs.

While it is true that agents have expertise in the field, relying solely on their recommendations may not always result in the most suitable policy for your situation. Similarly, while buying coverage through your employer might be convenient, it may not provide the best coverage or pricing options.

Finally, waiting until you are older to purchase a policy can actually result in higher premiums, as life insurance rates tend to increase with age.

By taking the time to research and compare different options, you can ensure that you are making an informed decision when purchasing life insurance, ultimately selecting the policy that best fits your needs and financial situation.

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Related Questions

Functions of marketing

Answers

Answer:

There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.

Explanation:

Important Functions of Marketing :

1. Gathering and Analysing Market Information: ...

2. Marketing Planning: ...

3. Product Designing and Development: ...

4. Standardisation and Grading: ...

5. Packaging and Labelling: ...

6. Branding: ...

7. Customer Support Service: ...

8. Pricing of Products:

At+a+discount+rate+of+5%,+what+will+be+the+present+value+of+a+$100+annual+perpetuity?

Answers

The present value of a $100 annual perpetuity at a 5% discount rate is $2,000, assuming the cash flows continue indefinitely.

To calculate the present value of a perpetuity, which is a series of equal cash flows that continue indefinitely, you divide the cash flow by the discount rate. In this case, the cash flow is $100 per year, and the discount rate is 5%. Using the formula PV = CF / r, where PV is the present value, CF is the cash flow, and r is the discount rate, we can calculate the present value as follows: PV = $100 / 0.05 = $2,000. Therefore, the present value of the $100 annual perpetuity at a discount rate of 5% is $2,000.

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Paula has property which she uses in her office that someone else is responsible to maintain. What is a likely reason for this?
A. The property was defectively manufactured.
B. She purchased the property rather than leased it.
C. She has borrowed the property from a friend.
D. She leased the property rather than purchased it.​

Answers

She leased the property

A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The blog posts are designed to include the seo terms that relate to the company’s newest skin care product, using the keywords that will also be used in their advertising campaigns. What part of the e-commerce timeline would this be a part of?.

Answers

"A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products." Social Media Planning is part of the e-commerce timeline. This is further explained below.

What is Social Media Planning?

Generally, A social media strategy, or strategy for using social media, is a comprehensive list of all the things you want to do and accomplish on your various social media sites.

In conclusion, "A sales associate has been employed to create blog entries that will be routinely published on a site about new beauty items," the sentence said. "The blog will discuss new beauty products." The planning of social media campaigns is included in the e-commerce timeline.

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a sales orientation is common for businesses selling products or services in _____

a. markets with a low level of competition
b. highly competitive markets
c. situations when intermediaries do not push manufacturers' products
d. situations that convince people to buy products they do not want

Answers

A sales orientation is common for businesses selling products or services in highly competitive markets.

In highly competitive markets, businesses often focus on sales-oriented strategies to gain a competitive advantage and maximize their market share. A sales orientation emphasizes persuasive selling techniques, aggressive promotion, and a proactive approach to closing sales. The primary goal is to convince customers to choose their products or services over those of competitors.

In such competitive environments, businesses need to actively engage in sales efforts to attract customers, differentiate their offerings, and create a sense of urgency to purchase. They may invest heavily in advertising, sales promotions, and personal selling to drive sales and generate revenue.

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To buy a product, customers in a market must first

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To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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The total number of shares of stock in the Bulls Corporation is 650,000. Mike owns 12% of the shares. How many shares of Bulls Corporation stock does he own?

Answers

Answer:

78 000

Explanation:

Total no. of shares of stock is 650 000

Mike owns 12% of 650 000

12% is 12 over 100 multiply by 650 000

12÷100×650 000

=78 000

Mike owns 78 000 shares of stock.

As per the given data, the number of shares of Bulls Corporation stock that are owned by Mike 12% is 78000.

What are the shares?

The term which is used to specify the parts of a portion of anything is known as a "share" in daily life. The term "share" is also used by people, like when one wants their child to learn about the importance of sharing things with their friends or family members.

According to the given statement, "share" is a term which is used in the sense of economics. A share is basically a part of a company, after which anyone can become a partner of that company.

The main reason for issuing public shares in any way is to save money for business expansion. It is not necessary for anyone to own all of the shares; they can take whatever percentage of shares they want and can afford.

Therefore, the number of shares of Bulls Corporation stock that are owned by Mike at 12% is 78000.

An image has been attached for better understanding.

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The total number of shares of stock in the Bulls Corporation is 650,000. Mike owns 12% of the shares.

What are the gross earnings computed for J.Gilbert

Answers

The gross earnings computed for J.Gilbert for the week ended 28th February are $1800.00. Gross earnings are the total amount earned by an employee before deductions are made. These earnings consist of regular and overtime wages plus any other forms of compensation such as tips, bonuses, or commissions that the employee is entitled to receive.

In this case, J. Gilbert worked for 40 hours in a week and was paid $15.00 per hour. Therefore, J. Gilbert’s regular pay for the week would be calculated as follows: Regular pay = Hourly rate × Regular hours worked = $15.00 × 40 hours = $600.00J.Gilbert worked an additional 5 hours as overtime.

His overtime rate is calculated as 1.5 times his regular hourly rate, which means he will be paid $22.50 per hour for those 5 hours.

Therefore, J. Gilbert’s overtime pay for the week would be calculated as follows: Overtime pay = Overtime rate × Overtime hours worked = $22.50 × 5 hours = $112.50Finally, J. Gilbert’s gross earnings would be calculated as the sum of his regular and overtime pay: Gross earnings = Regular pay + Overtime pay = $600.00 + $112.50 = $712.50In addition to his wages, if J. Gilbert received any bonuses, tips, or other forms of compensation during the week, these would be added to his gross earnings to arrive at his total gross earnings.

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What is the journal entry for “bought good for cash from m/s rupa traders”

Answers

Answer:

see below

Explanation:

The action of buying goods from r/s rupa increase inventory/purchases ( asset account) and reduces cash( asset) in the business.

An increase in assets account is debited, while a decrease is credited. The journal entry will be

Purchases a/c  Dr

Cash a/c     Cr








A B C Company employs a periodic inventory system and sells its inventory, to customers for $ 18 per unit. ABC Company had the following inventory information available for May: May 1 Beg

Answers

The specific details regarding purchases, sales, and cost of goods sold are provided, a more accurate analysis of the inventory for the month of May can be made.

Based on the information provided, ABC Company employs a periodic inventory system, which means that inventory levels are not continuously updated in real-time, as in a perpetual inventory system.

Instead, periodic inventory systems require a physical count of inventory at specific intervals to determine the ending inventory and cost of goods sold.

For the month of May, the inventory information available for ABC Company includes the following:

May 1:

Beginning Inventory: This represents the quantity and value of inventory on hand at the beginning of May. The specific details about the beginning inventory, such as the number of units and the cost per unit, are not mentioned in the question.

To determine the cost of goods sold and the ending inventory, additional information is needed, such as:

Purchases: The quantity and cost of inventory purchased during May.

Sales: The quantity of inventory sold and the associated cost.

With this information, ABC Company can calculate the cost of goods sold using the formula:

Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory

The ending inventory can be calculated as:

Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold

Once the specific details regarding purchases, sales, and cost of goods sold are provided, a more accurate analysis of the inventory for the month of May can be made.

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true or false? the aggregate supply (as) curve is the total quantity of final goods and services supplied at different price levels.

Answers

True. The aggregate supply (AS) curve represents the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels

The aggregate supply (AS) curve depicts the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels. It represents the relationship between the overall price level in the economy and the total output or GDP that firms are willing to supply. As the price level increases, firms tend to supply more goods and services, resulting in an upward-sloping AS curve. Conversely, as the price level decreases, firms may reduce their production levels, leading to a downward-sloping AS curve in some cases.

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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)

Answers

Answer and Explanation:

Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.

Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.

The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.

This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.

Answer:

1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9

2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.

· Must have valid Pharmacy Technician License

3. Working with patients to explain and educate on medical questions

· Tracking and logging vaccination details into EMR (electronic medical records system)

· Assisting Pharmacist as needed

4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.

Explanation:

debit balance with binod rs.50000​

Answers

Answer:

what?

Explanation:

Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?
A. $0.
B. $11,000.
C. $5,000.
D. $8,000

Answers

Answer:

It's D - $8,000

Explanation:

8 * 1,000 = 8,000

you deposit $3000 each year into an account earning 4% interest compounded annually. how much will you have in the account in 30 years?

Answers

The final balance is ₹9,730.2. The total compound interest is ₹6,730.2. If the deposit is  $3000 each year and 4% interest.

How to calculate compound interest ?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or interest on interest plus interest.

The formula for annual compound interest is as follows:

FV = P (1+ r/m)^mt

FV - the future value of the investment, in our calculator it is the final balance

P - the initial balance

r - the annual interest rate

m - the number of times the interest is compounded per year

t - the numbers of years the money is invested for

initial balance P = $3000

number of years t = 30

Interest rate r = 4%

interest is compounded m = 1

The value of your investment after 30 years FV = ₹9,730.2

The profit will be FV - P = ₹9,730.2 - $3000 = $6,730.2

The final balance is ₹9,730.2.

The total compound interest is ₹6,730.2.

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Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"

Answers

To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.

To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.

Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.

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Does income tax include Social Security and Medicare?

Answers

Social Security and Medicare are not included in income tax.

The term "income tax" describes a group of levies that governments apply to the revenue produced by people and enterprises under their control. The law mandates that in order to assess their tax liability, people must file an income tax return each year.

Income taxes provide money for governments. They are employed to settle government obligations, finance public services, and satiate the needs of the populace. Along with the federal government, several states and local governments also require payment of income tax.

Payroll taxes include the Federal Insurance Contributions Act, or FICA. Medicare and Social Security are funded by the FICA tax.

Federal income tax is levied on all of your income, regardless of how it was obtained, with the exception of FICA taxes, which are exclusively levied on earned income such as salaries, wages, and bonuses. As a result, income tax is levied on dividends, interest, short-term capital gains, annuities, and pensions in addition to your employment income.

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A lot of points

How do performance standards best promote ethical behavior?
A. They focus on measurements such as the biggest reward for the
greatest sales.
B. They force employees to get along with each other.
C. They use measurements employees understand.
D. They use measurements that managers can interpret as they wish.

Answers

Answer:

The answer is C

Explanation:

A performance standards is one that best promote ethical behavior because they use measurements employees understand.

What is a performance standards?

This refers to those approved expression of the performance threshold that must be met to be appraised at a particular level of performance.

Hence, it is one that best promote ethical behavior because they use measurements employees understand.

Therefore, the Option C is correct.

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What are the two bet reource for quetion or upport regarding buine continuity from cutomer

Answers

Regarding a business continuity from a customer, there are two major aspect, such as team work and communication. In here, communication can be defined as a communication between each person and team and also between customer and organization.

In economic and business, Business continuity generally can be defined as a condition after an emergency or disruption where a business's level of readiness to maintain critical functions. Business continuity including several aspects, such as  Security breaches. Natural disasters. Power outages. In business continuity, there are 3 major elements, such as Resilience, recovery and contingency.

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the process of a business and its stakeholders coming together for face-to-face conversations about issues of common concern is called stakeholder

Answers

Stakeholder dialogue is the face-to-face discussion of problems of mutual interest between a company and its stakeholders. D is the appropriate response.

A stakeholder is a person :

A stakeholder is any person, group, or organisation whose interests are affected by the success or failure of a venture or commercial endeavour. Stakeholders might be inside or outside the organisation that is supporting the project, and they all have an incentive in the project's success.

What is a good illustration of a stakeholder?

Investors, workers, consumers, suppliers, neighborhoods, governments, or trade groups are examples of typical stakeholders. Stakeholders in a corporation can be either inside or outside the company.

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The Complete Question :

A business and its stakeholders coming together for face-to-face conversations about issues of common concern is called stakeholder:

A) Networks.

B) Motivation.

C) Systems.

D) Dialogue.

In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD

Answers

Answer:

c

Explanation:

cccccccccccccccccccccccccc

Answer:

well i blive its c

Explanation:

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $2.00 million and create incremental cash flows of $525,833.00 each year for the next five years. The cost of capital is 11.82%. What is the internal rate of return for the J-Mix 2000?

Answers

The Internal Rate of Return (IRR) for the J-Mix 2000 is 11.02%.  Using the formula of Internal Rate of Return (IRR) to solve for the given problem:

CF1 = $525,833.00

CF2 = $525,833.00

CF3 = $525,833.00

CF4 = $525,833.00

CF5 = $525,833.00

Initial Investment (CF0) = -$2,000,000.00

Where,

IRR = Internal Rate of Return

NPV = Net Present Value

CF = Cash Flows

From the given data, calculate the NPV, as follows:

NPV = \((\frac{525,833}{ 1.1182} )^{1}\)  + \((\frac{525,833}{ 1.1182} )^{2}\) + \((\frac{525,833}{ 1.1182} )^{3}\) + \((\frac{525,833}{ 1.1182} )^{4}\) + \((\frac{525,833}{ 1.1182} )^{5}\) - $2,000,000.00

NPV =  \(\frac{525,833 }{1.1182}\) +\(\frac{525,833 }{1.2495}\) + \(\frac{525,833 }{1.4016}\) + \(\frac{525,833 }{1.5771}\) + \(\frac{525,833 }{1.7784}\) - $2,000,000.00

NPV = $469,665.47

Using the formula of IRR, calculate the Internal Rate of Return (IRR), as follows:

IRR = CF0 + [(NPV / CF1 - CF0) * (CF1 - CF0)]

IRR = -$2,000,000.00 + [( \(\frac{469,665.47}{525,833.00 }\)- (-$2,000,000.00) ) * ( $525,833.00 - (-$2,000,000.00) )]

IRR = 11.02%

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Define herbs.write any 6 examples of herbs.​

Answers

Explanation:

Herbs are plants that are grown for culinary, medicinal, or aromatic purposes. They are typically grown for their leaves, stems, or flowers, which are used to add flavor to food, provide therapeutic benefits, or add fragrance to perfumes or other products.

Here are six examples of herbs:

Basil - Basil is a common herb used in Mediterranean and Italian cuisine. It has a sweet, slightly peppery flavor and pairs well with tomato-based dishes, soups, and salads.

Thyme - Thyme is a fragrant herb with a slightly lemony flavor. It is often used to season poultry, fish, and vegetables, and is a popular ingredient in French cuisine.

Rosemary - Rosemary is an aromatic herb with a pine-like flavor. It is often used to season roasted meats, poultry, and potatoes, and is a staple herb in Mediterranean cuisine.

Sage - Sage is a strong-flavored herb with a slightly bitter taste. It is often used to season poultry, stuffing, and pasta dishes, and is a key ingredient in traditional Thanksgiving stuffing.

Mint - Mint is a refreshing herb with a cool, slightly sweet flavor. It is often used to flavor beverages such as tea or cocktails, and is a popular ingredient in Middle Eastern and North African cuisine.

Oregano - Oregano is a pungent herb with a slightly bitter, peppery flavor. It is often used to season tomato-based dishes, pizza, and grilled meats, and is a staple herb in Greek and Italian cuisine.

using an average end product with part usages that are proportionate to the sales forecasts is most common in master production scheduling for what manufacturing environment?

Answers

The products, timing, and quantity of a manufacturer's output are specified in a master production schedule (MPS). An MPS connects production capacity and customer demand.

Briefing:-

Master production schedule is used to develop a practical strategy that reduces overstock while maximizing on-time delivery.

What exactly does the master production schedule specify?

A master production schedule (MPS) is a schedule for the production of certain commodities during each time period, including production, staffing, inventories, etc. The plan usually has something to do with manufacturing, where it specifies when and how much of each product will be needed.

How is a master production schedule created?

Create a demand plan by mapping out your demand.

Determine the raw materials you require, then use production planning procedures to establish your supply chain.

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Clint is skilled at dealing with people, costs, and systems to accomplish goals. Although he tries to improve the processes that are already in place for his team, he's not afraid to question the current processes and policies, or to make risky decisions to change things if it will help better the organization. He seeks continuous improvement based on his goals and vision for his team. What is true about Clint?
a. He is capable of effective management, but not effective leadership.
b. He is capable of effective leadership, but not effective management.
c. He is capable of both managing and leading, but gravitates towards leadership.
d. He is capable of both managing and leading, but gravitates towards management.

Answers

Clint is c) capable of both managing and leading, but he gravitates towards leadership.

Clint's ability to deal with people, costs, and systems to accomplish goals indicates his effectiveness in management. Management involves organizing resources, coordinating tasks, and ensuring efficient operations. Clint's skill set allows him to effectively manage his team and processes, ensuring that goals are met and resources are optimized.

However, Clint's willingness to question current processes, policies, and make risky decisions to bring about change aligns with effective leadership. Leadership involves setting a vision, inspiring and motivating others, and driving change. Clint's focus on continuous improvement, his goals, and his vision for his team demonstrate his leadership capabilities.

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The weight and meter scales in the market are checked by department for standard weights
and measurements in Nepal once in every two years. Describe.​

Answers

Explanation:

Nepal bureau of weight and measure, check correctness of the scales and weight used by the general public in the market in every two years because the measuring device may lose their standard due to the regular use and other factors which may bring error in the measurement.

how can social trends affect a business? one whole paragraph please

Answers

Answer:

It's useful to know how social trends are changing and how to respond to them. This is because social trends can change and manipulate the way companies sell or design their product, based on the trends going around. For example, if a trend was using a new computer, a website or app may have to change the way their product looks to best suit that new computer. This makes it difficult on companies to keep products from going outdated.

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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292. The latest balance sheet for Hoxbridge Corp shows:
Hoxbridge Corp.
Comparative Balance sheet
December 31, Years 1-2
Year 2
Year 1
Cash
$26,000
$27,000
Temporary investments 36,000
24,000
Accounts receivable (net) 48,000
23,000
Merchandise inventory 56,000 54,000
Prepaid insurance 5,000
12,000

Long-term investments 42,000 19,000
Equipment (net) 143,000 132,000
Land 24,000 24,000
Patents 26,000 26,000
Total Assets $406,000
$341,000
Current liabilities $69,000 $46,000
Notes Payable 44,000 31,000
Common shares 154,000 154,000
Retained earnings 139,000
Total Liabilities and Equity $406,000 $341,000


(a) Calculate the current ratio for Hoxbridge.
(b) Calculate the amount of Hoxbridge's working capital.

Answers

The latest balance sheet for Hoxbridge Corp shows the following:Current liabilities $69,000Non-current liabilities $46,000There are a couple of key terms mentioned in the question: "latest", "liabilities", and "amount".The latest balance sheet for Hoxbridge Corp displays two types of liabilities, namely, current liabilities and non-current liabilities.

Current liabilities are obligations that are due and payable within one year or within the business's operating cycle. These obligations include items like accounts payable, wages payable, and taxes payable.Non-current liabilities, on the other hand, are obligations that are not due within one year or within the business's operating cycle. These obligations include things like long-term loans, bonds payable, and lease liabilities.The amount of the current liabilities displayed on the latest balance sheet for Hoxbridge Corp is $69,000. The amount of the non-current liabilities is $46,000.

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An economy in the steady state has a marginal product of capital of 9 percent, a rate of depreciation of 3 percent, a population growth rate n of 1 percent, and rate of technological progress of g = 1 percent. According to the text, this economy could _____ in order to achieve the Golden Rule capital per effective worker.

Answers

The  economy could invest 34.78% of its output per effective worker in capital per effective worker to achieve the Golden Rule capital per effective worker.

Golden Rule Capital:

The Golden Rule capital per effective worker is the level of capital per effective worker that maximizes consumption over time. It is the level of capital per effective worker that allows for the highest possible consumption in every period of time.To achieve this, the economy must increase its investment in capital per effective worker.

This investment will increase the productivity of the economy, allowing for more output to be produced for every unit of labor input.

As the productivity of the economy increases, the economy will be able to produce more goods and services, which will lead to higher consumption levels over time.In order to calculate the level of investment required to achieve the Golden Rule capital per effective worker, we need to use the following formula:

k* = (1/3 + n + g) / (1 + n) * y

Where : k* = the level of capital per effective worker that maximizes consumption over time

y = output per effective worker

k = capital per effective worker

n = population growth rate

t = technological progress rate

g = marginal product of capital - rate of depreciation

Given the values of the marginal product of capital (g) = 9%, the rate of depreciation = 3%, the population growth rate (n) = 1%, and the rate of technological progress (t) = 1%, we can calculate the level of investment required to achieve the Golden Rule capital per effective worker as:

k* = (1/3 + 0.01 + 0.01) / (1 + 0.01) * y

k* = 0.3478 * y

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