Economic cycle is defined as the fluctuations of the economy between the period of expansion and contraction.
There are four stages of economic cycle :
Expansion, peak, contraction, trough
Under the stage of contraction, the business flow is slow as low retail sales, prices, interest rates. The correction will takes place in this stage and economy started recovering in the next stage that is trough.
It is very important to insight the economic cycle for taking major decisions regarding investment and business.
This cycle goes in cyclic pattern.
The investors will invest more in the contraction period because rates were relatively low in this stage.
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Answer:
budgeted direct-labor rate= $700 per direct labor hour
Explanation:
Giving the following information:
Budgeted total direct-labor costs $14,000,000
Budgeted total direct-labor hours 200,000
To determine the direct-labor cost rate, we need to use the following formula:
budgeted direct-labor rate= total amount of direct labor cost/ total amount of direct labor hours
budgeted direct-labor rate= 14,000,000/200,000= $700 per direct labor hour
Answer:
public relations
Explanation:
Promotional mix is the combination of various promotional methods by a business to meet its set goals.
It is made up of the following elements: advertising, sales promotion, public relations, personal selling, and direct marketing.
In the given scenario an invitation to news media to attend an interactive photography exhibit, which celebrated international and national parks is an attempt to improve the public relations of the event.
The news media is expected to publicise the event thereby meeting the Magazine's public relations need.
Answer:
See below
Explanation:
<u>Common stock</u>
The equity holders have a right to vote on corporate policy. In the case of liquidation, common stockholders are last in line in the distribution of the company's assets.
<u> Preferred stock </u>
The equity holders are paid dividends at regular intervals. Preferred stockholders have a priority in dividends payments over common shares but have no voting rights.
<u>Retained earnings</u>
The profit is used in the business. Retained earnings are profits that a company's management opts to distribute to shareholders as dividends.
<u>Senior debt</u>
The lenders are always paid within a predetermined time. Senior debts are low risk as they are given priority over other debts in repayment.
<u>Subordinate debt</u>
The debt carries more risk and is not the first in line to be paid. In the event of liquidation, subordinate debts are considered last in order of payment.
Since 2002, health care costs in the united states have risen by an average of 15 percent per year.
