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Olegator [25]
3 years ago
14

Due to an earthquake, the servers of an online shopping company were affected and the internet was down. The managers of the com

pany had to formulate and carry out a procedure so that businesses could run normally while the servers were being fixed. To overcome this unexpected problem, the managers devised a(n) _____.
Business
1 answer:
lions [1.4K]3 years ago
8 0

Complete/Correct Question:

Due to an earthquake, the servers of an online shopping company were affected and the internet was down. The managers of the company had to formulate and carry out a procedure so that businesses could run normally while the servers were being fixed. To overcome this unexpected problem, the mangers devised a(n) _____.

A. single-use plan

B. policy

C. strategic objective

D. mission statement

E. purpose statement

Answer:

Single-use plan

Explanation:

A single use plan according to the name is a a plan that only be used once. It is mostly a temporary plan used by companies to keep its services running while a more permanent solution is being put into place or developed.

In the above question, the servers of an online company is down. To ensure that business moves on, the company has to formulate a temporary plan which is a single-use plan to ensure the servers are accessible to customers while its I.T team or department comes up with a permanent solution to the servers.

That temporary plan used to keep the servers running is called a single-use plan.

Cheers.

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A lender is considering what terms to allow on a loan. Current market terms are 8 percent interest for 25 years for a fully amor
ioda

Answer:

1. The origination fee that the lender should charge if Rich will repay the loan after 25 years = $20,000 approximately.

2. The origination fee that the lender should charge if Rich will repay the loan after 10 years = $6,600 approximately.

Explanation:

a) Data and Calculations:

Amount requested by Rich = $100,000

Amount the bank is willing to lend Rich = $95,000

Interest rate = 9%

Period of loan = 25 years or 10 years

From an online finance calculator:

At 10% interest rate:

PMT = $-10,465.97

Sum of all periodic payments = $-261,649.17

Total Interest = $166,649.17

At 9% interest rate:

PMT = $-9,671.59

Sum of all periodic payments = $-241,789.84

Total Interest = $146,789.84

Expected Origination Fee:

Interest at 10% = $166,649.17

Interest at 9% =  $146,789.84

Required origination fee = $19,859.32 ($166,649.17 - $146,789.84)

This is equivalent to $20,000

Payment after 10 years:

At 10% interest rate:

PMT = $-15,460.81

Sum of all periodic payments = $-154,608.13

Total Interest = $59,608.13

At 9% interest rate:

PMT = $-14,802.91

Sum of all periodic payments = $-148,029.09

Total Interest = $53,029.09

Expected Origination Fee:

Interest at 10% = $59,608.13

Interest at 9% =  $53,029.09

Required origination fee = $6,579.04 or $6,600 ($59,608.13 - $53,029.09)

7 0
3 years ago
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31
LUCKY_DIMON [66]

Answer:

<u>Fit-for-Life Foods</u>

<u>Multiple-step income statement, for the year ended December 31</u>

Sales                                                                            220,000

Less Sales returns and allowances                              (4,000)

Net Revenue                                                                216,000

Less Cost of goods sold                                             (90,000)

Gross Profit                                                                  126,000

Less Operating Expenses :

<em>General and Administrative Expenses</em>

Gain on sale of equipment                ( 6,250)

Office supplies expense                         700

Depreciation expense—Office copier   500

Insurance expense                                1,300

Office salaries expense                      32,500            (28,750)

<em>Selling and Distribution Expenses</em>

TV advertising expense                       2,000

Sales discounts                                    16,000

Sales commission expense                13,000

Sales staff wages                                23,000

Rent expense—Selling space             10,000           (64,000)

Operating  Income / (Loss)                                          33,250

Less Non - Operating Expenses

Interest revenue                                                               750

Net Income / (Loss)                                                      34,000

Explanation:

A multiple-step income statement shows separately profit generated from Primary Activities of the Company (Operating Profit) and profits that included Secondary Activities of the Company (Net Profit)

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Which of the following is a way for college students to watch their favorite tv shows without spending a lot of money
Delvig [45]
Watch online you watch tv for free youtube,hulu,netflix
4 0
4 years ago
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To spur trade, Cormoran, Brithea, and Asmakush decided on economic integration where there were no barriers to trade between the
LekaFEV [45]

Answer:

Common market.

Explanation:

In order to spur trade, Cormoran, Brithea, and Asmakush decided on economic integration where there were no barriers to trade between the three countries, they agreed on a common external trade policy, and allowed factors of production to move freely between the three countries. In short, the three countries formed a common market.

A common market can be defined as a formal agreement between a group of countries in which they adopt a common external tariff on products imported from countries outside the union. It is simply a type of market involving the formal organization of countries who have collectively agree to trade freely with one another with eliminated internal tariffs but imposes a common external tariff on trade with other countries.

Common market was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.

The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely.

4 0
3 years ago
Interior​ Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would
ZanzabumX [31]

Answer:

According to Given Data

$1,444

According to attached question

C.$4,181

Explanation:

Options are inconsistent with the data provided.

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Ne t present value of the machine is $1,444

Options are inconsistent with the data provided.

Workings are made in an MS Excel file, which is attached with this answer.

Original Question is attached with this answer, please find it.

According to correct data

Ne t present value of the machine is $4,181

7 0
3 years ago
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