Answer:
Functional
Explanation:
Functional groups are formed when people with specialised skills are chosen to work together to achieve a goal. Due to similarity in profession team is cohesive and work harmoniously to meet business targets.
Communication is usually done within the department, when another department head needs information he contacts the department head of the unit to get it.
Each employee reports to one manager, so chain of command is simplified.
Answer:
more intense the competitive pressures posed by substitute products.
Explanation:
The lower the user's switching costs: the more intense the competitive pressures posed by substitute products.
Switching costs can be defined as the cost of a consumer switching from a product to a substitute good.
Therefore when such switching costs are low, it will be easier to switch from one product to another, implying that the competitive pressure from substitute goods are higher.
Answer:
The accumulated value of the deposits at the end of 9 years is <u>$11,242.18</u>
Explanation:
Note: Find attached the excel file for the calculation.
Since the deposits are made into the account at the end of each year, interest will be earned on the opening balance for each year since it remains the account for 12 months.
No interest will be earned on the deposit of $1,000 made at the end of each year.
The opening balance, interest earned and the deposit for each year are then added together to obtain the closing balance for each year.
Since the closing balance for year 9 is <u>$11,242.18</u>, this is therefore the accumulated value of the deposits at the end of 9 years.
Answer:
Number of coupon payments = 13.5*2= 27
Coupon = 6%*1000/2= 30
Let rate be r
Present value of all future payments = $87
875 = 30*(1-1/(1+r)^27)/r + 1000/(1+r)^27
R= 3.74%
Nominal rate = 3.74%*2 = 7.49%
Answer:
To find Earning per share, we can find this by the following formula:
Increase in Earnings Per Share = Net profit of new products / Number of shares
and
Net Profit of new products = 5% * $4,898,300 = $244,915
Increase in Earnings Per Share = ($244,915) / 1,456,800 = 16.81%
