B.) It grows savings at a faster pace.
The interest rate determines how much money a bank pays you to keep your funds on deposit. Suppose you deposit $5,000 into a savings account, don’t deposit or withdraw any more money and the interest rate doesn’t change. If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year. -Discover.com
Jim serves as the CEO of a business that makes office furniture and filing cabinets. He utilizes <u>planning </u>to determine that the business will need to hire 10 additional staff in order to raise production by 20% the following year.
How to Create An Effective Employee Selection Process?
Companies use a set of stages called the employee selection process to find and hire the best employees. Effective selection can lead to the hiring of the kind of workers who will increase company morale, contribute to your corporate culture, and keep turnover low. The key is matching the correct abilities to the open roles.
It's crucial to understand that hiring differs from personnel selection. Each represents a distinct phase. Selection comes once you have a suitable pool of applicants, after recruitment has been completed. Consider selection as the stage of hiring where the pool of candidates is drastically reduced and the most promising hires are identified.
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low pricing aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices on others.
Stores can therefore attract customers with the low prices and once the customer is there, they will more than likely purchase one of the higher priced items.
Answer:
a) Maximum no. of shares that the company can issue
= Total Authorized Shares - Shares Outstanding
= 2100000 - 1400000
= 700,000
b) Number of shares to be issued to raise $44,000,000 at $55 per share
= 44,000,000 / 55
= 800,000
No, the firm would not be able to raise the needed fund.
c) The company will have to increase the number of authorized shares which would involve making amendments to its charter of incorporation. The amendments to the charter can be done only by vote of the existing shareholders.
