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3 years ago

Describe the necessary conflict between marketing managers and finance managers. Why is it necessary? (Simple answer please)

1 answer:

7 0

There is necessary conflict between marketing managers and finance managers because they are constantly fighting the battle of where to spend money. Marketing departments want to use money to heavily advertise their company/product, brand themselves within the public eye, conduct research and more whereas finance managers focus soley on the budget and finances of a business. It's important for them to have conflict or each department could be overspending or underspending where necessary if they didn't hold each other accountable.

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Manuel has plans to go to a movie and already has a $10 nonrefundable, nonexchangeable, and nontransferable ticket. Now Poornima

Verdich [7]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.

Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.

In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund. Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.

8 0

3 years ago

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. T

Hoochie [10]

Answer:

Using effective-interest amortization, the approximate carrying value of the bonds on Dec 31, 2020 balance sheet is:

a. $14, 709, 481.

Explanation:

a) Data and Calculations:

Face value of bonds = $15,000,000

Bonds price = 14,703,108

Bonds discount = $296,892

Coupon interest rate = 7.8%

Effective interest rate = 8%

Interest payments on June 30 and December 31

June 30, 2020:

Interest expense = $588,124 ($14,703,108 * 4%)

Cash payment = $585,000 ($15,000,000 * 3.9%)

Amortization of discount = $3,124 ($588,124 - $585,000)

Bonds payable = $14,706,232 ($14,703,108 + $3,124)

December 31, 2020:

Interest expense = $588,249 ($14,706,232 * 4%)

Cash payment = $585,000 ($15,000,000 * 3.9%)

Amortization of discount = $3,249 ($588,249 - $585,000)

Bonds payable = $14,709,481 ($14,706,232 + $3,249)

4 0

3 years ago

Which section of a research poster or paper allows other scientists to repeat an experiment?

Triss [41]

The <span> section of a research poster or paper that allows other scientists to repeat an experiment is: The method sections
In method sections, a researcher could write a thorough explanation on how he/she conducted the experiment. It's being done so the readers could check the validity of the results</span>

7 0

3 years ago

Use the following data to calculate the current ratio.

Otrada [13]

Answer:

b. 2.64 : 1

Explanation:

Current ratio = Current assets/Current liabilities

Current assets = Cash + Account Receivables + Inventory + Prepaid insurance

Current assets = $65500 + $93000 + $148000 + $87500

Current assets = $394,000

Current liabilities = Accounts payable + Salaries and wages payable

Current liabilities = $131500 + $17500

Current liabilities = $149,000

Hence, Current ratio = $394,000/$149,000

Current ratio = 2.644295

Current ratio = 2.64 : 1

8 0

3 years ago

How does a company build its strategic management game plan to attract and please customers, compete successfully, conduct opera

klio [65]

Explanation:

It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.

The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.

4 0

3 years ago