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drek231 [11]
3 years ago
15

Acting in the best interest of others even when it might run counter

Business
1 answer:
harkovskaia [24]3 years ago
6 0
When someone acts it the best interest or others, even when it might run counter to the self-interests of the leaders, it refers to the principle of serving others. When you serve others, you put others and what would make them happy before yourself. Serving others is a major part in leading a team or running a business because you are always wanting to make sure everyone else is happy. 
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An investor buys a 10-year, 7% coupon bond for $1,050, holds it for 1 year, and then sells it for $1,040. What was the investor'
kirza4 [7]

Answer:

The answer is 5.71%

Explanation:

Solution

Given that

Coupon rate = 7%

Bond = $1050

Sale of the bond = $1040

n = 10 years, n = 1 year

Now we find the investor's rate of return

Thus

Coupon payment = 7%* 1000

=70

1050 = 70/(1+r) + $1,040/(1+r)

r= 5.71%

Therefore the rate of return of the investor is 5.71%

or

Rate of return = (P1-P0+ Interest ) /P0

= (1040 -1050 + 70 )/1050

= .0571 or 5.71%

6 0
4 years ago
Label each of the following statements as an example of positive or normative analysis.
STALIN [3.7K]

Answer and explanation:

The difference between constructive and normative economic statements is considerable. Economists use both types of statements when addressing economic issues with varying degrees of objectivity. Positive statements state facts, which show no signs of endorsement or disapproval. Normative economics includes assumptions related to subjectivity and meaning.

1)<em> The sugar quota in the United States costs consumers $6.08 billion a year.  </em><u><em>(Positive statement)</em></u>

<em />

2)<em> Higher tariffs on imported automobiles would decrease the demand for foreign-made cars.  (</em><u><em>Normative statement)</em></u>

<em />

3)<em> International trade should be limited because it can cause some workers to lose their jobs.  (</em><u><em>Normative statement)</em></u>

<em />

4)<em> International trade makes some people better off and some people worse off.  </em><u><em>(Positive statement)</em></u>

<em />

5)<em> The U.S. should impose import quotas in the market for consumer electronics to help domestic workers.  </em><u><em>(Normative statement)</em></u>

<em />

6)<em> The sugar quota in the U.S. is good public policy and should be made stronger. (</em><u><em>Normative statement)</em></u>

4 0
3 years ago
The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the followi
shtirl [24]

Answer:

a. $404,000

b. $60,000

Explanation:

a. The computation of cash received is shown below:

= Sales for the current year + increased in accounts receivable during the year

= $375,000 + $29,000

= $404,000

The increase in accounts receivable show the predicted cash which will be received in near by future. So, it is added in the computation part.

Hence, the amount of cash received from customers is $404,000

b. Computation of cash payment for income tax is shown below:

= Income tax  for the current year + decrease in income tax payable during the year

= $39,000 + $21,000

= $60,000

Both transactions should be added to know the accurate figure of income tax payment made in cash.

Hence, the cash payments for income tax is $60,000

5 0
3 years ago
John bought 1,700 shares of Intel stock on October 18, 2015, for $44 per share plus a $750 commission he paid to his broker. On
Dvinal [7]

Answer:

Explanation:

A. John’s basis in the 1,000 shares of Intel stock is $45,750.

is the purchase price of $30,000 (i.e., 44 × $1,000) plus the $750 commission paid to the broker.

b.On the sale, John realizes $62500. This is the sales price of $63500 (i.e., 1,000 × $63.50)minus the transaction fee of $1,000.

c.John’s gain on the sale is $16,750 which is the amount realized minus his adjusted basis (i.e., $62500 – 45,750). The gain is a long-term capital gain because John held the stock for more than a year before selling

4 0
3 years ago
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a d
chubhunter [2.5K]

a. Salary of chief compliance officer of company

b. Power used by painting equipment

c. Instrument panel installed in the airplane cockpit

d. Annual bonus paid to the chief operating officer of the company

e. Turbo-charged airplane engine

f. Interior trim material used throughout the airplane cabin

g. Cost of normal scrap from production of airplane body

h. Hourly wages of employees that assemble the airplane

i. Salary of the marketing department personnel

j. Cost of paving the headquarters employee parking lot

k. Cost of electrical wiring throughout the airplane

l. Cost of electronic guidance system installed in the airplane cockpit

m. Salary of plant manager

n. Cost of miniature replicas of the airplane used to promote and market the airplane

o. Human resources department costs for the year

p. Metal used for producing the airplane body

q. Annual fee to a celebrity to promote the aircraft

r. Hydraulic pumps used in the airplane's flight control system Product costs-  

s. Yearly cost of the maintenance contract for robotic equipment

t. Prebuilt leather seats installed in the first-class cabin

u. Depreciation on factory equipment

v. Special advertising campaign in Aviation World magazine

w. Oil to lubricate factory equipment

x. Masks for use by painters in painting the airplane body

y. Decals for cockpit door, the cost of which is immaterial to the cost of the final product

z. Salary of chief financial officer

Answer:

A) period costs- administrative expense

B) product cost-factory overhead cost

C) product cost-direct materials cost

D) period costs- administrative expense

E) Product costs-direct materials cost

F) Product costs-direct materials cost

G) Product costs-factory overhead cost

H) Product costs-direct labor cost

I) Period costs-selling expense

J) Period costs-administrative expense

K) Product costs-direct materials cost

L) Product costs-direct materials cost

M) Product costs-factory overhead cost

N) Period costs-selling expense

O) Period costs-administrative expense

P) Product costs-direct materials cost

Q) Period costs-selling expense

R) Product costs-direct materials cost

S) Product costs-factory overhead cost

T) Product costs-direct materials cost

U) Product costs-factory overhead cost

V) Period costs-selling expense

W) Product costs-factory overhead cost

X) Product costs-factory overhead cost

Y) Product costs-factory overhead cost

Z) Period costs-administrative expense

6 0
4 years ago
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