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Nat2105 [25]
4 years ago
11

The world's largest bank. Deutsche Bank set as its objective to make its name more recognizable in the United States. The succes

s of its decision to sponsor a PGA golf tournament to accomplish this organizational objective will ultimately depend on which management function
Business
1 answer:
max2010maxim [7]4 years ago
8 0

Answer:

Planning.

Explanation:

Planning involves the creation of activities aimed at achieving organisational goals. It involves specific steps and contingency plans that are implemented by management to ensure success.

In this instance, Deutsch Bank is faced with the task of planning to make its name more popular in the United States.

Promotional activities can be undertaken to publicise Deutsch Bank's association with the PGA golf tournament. This will endear golf-lovers to the bank, as one of the players in making the tournament Na success.

You might be interested in
TunaCo purchases 25% of Stanley, Inc. on January 1 of the current year for $500,000. This acquisition gives TunaCo the ability t
Sidana [21]

Answer:

$512,500

Explanation:

Data provided in the question:

Percentage of Stanley, Inc purchased by TunaCo = 25%

Amount for which the TunaCo purchased = $500,000

Assets on Stanley = $160,000

Liabilities of Stanley = $400,000

Useful life of building = 15 years

Book value of the building = $100,000

Fair market value = $400,000

Net income reported  by Stanley = $140,000

Dividend paid = $70,000

Now,

Annual depreciation = [Fair value - Book value] ÷ Useful life

= [ $400,000 - $100,000] ÷ 15

= 20,000

Now,

Total account balance of Stanley = Net income reported  by Stanley - Annual depreciation - Dividend paid

= $140,000 - $20,000 - $70,000

= $50,000

Account balance of TunaCo = Initial investment + 25% of account balance of Stanley

= $500,000 + [ 25% of $50,000]

= $500,000 + $12,500

= $512,500

5 0
4 years ago
240 letters is 80% of<br> letters
Burka [1]

i am assuming that you want to find out the total number of letters.

if so,

let 'x' be the total number of letters

so, 80/100*x = 240

80x/100 = 240

80x = 240*100

80x = 24000

x = 24000/80

x = 300

total number of letters is 300

3 0
4 years ago
The regular expenses of doing business such as wages, rent, utilities, insurance, and advertising is also known as the
guajiro [1.7K]

Answer:

Operating expense

4 0
3 years ago
A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep
nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

6 0
3 years ago
Sales prices of baseball cards from the 1960s are known to possess a right skewed distribution with a mean sale price of $5.25 a
VMariaS [17]

Answer:

option  b is correct

Normal with a mean of $5.25 and a standard error of $0.28

Explanation:

Given data

mean = $5.25

standard deviation SD = $2.80

sample n = 100

to find out

sampling distribution

solution

we will find here first mean error that is

standard error = SD/ √n

put here value n and SD

standard error = 2.80 /√100

standard error = 0.28

and we know here that by central limit theorem that is state that sample distribution of sample mean is approximate normally distribute with Standard error and mean so

mean with normal is 5.25

Hence

option  b is correct here

Normal with a mean of $5.25 and a standard error of $0.28

7 0
3 years ago
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