After implementing a solution to a given work related problem the manager should evaluate the outcome of the solution
Explanation:
A manager should have leadership qualities where he or she is in charge of the entire group of people in the industry and is responsible for any mistakes or errors caused by the employees.
He or she should know how to tackle and provide solutions to a problem that is being faced by the company.
A manager should be a good role model for his/her subordinates and encourage them in solving their problems by themselves.
Answer: The answers are given below
Explanation:
From the question, we are informed that First National Bank charges 14.4 percent compounded monthly on its business loans and that First United Bank charges 14.7 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank.
The formula to calculate the effective annual rate will be:
EAR = (1+ i/n)^n – 1.
where,
n = number of compounding periods for the year.
First National Bank is compounded monthly on its business loans. This means that n = 12 since there are 12 months in a year.
First United Bank is compounded semiannually. This means that n = 2 since it's compounded semiannually.
EAR for First National Bank will be:
n = 12
I = 14.4% = 14.4/100 = 0.144
EAR = (1+ i/n)^n – 1
= (1 + 0.144/12)^12 - 1
= (1 + 0.012)^12 - 1
= (1.012)^12 - 1
= 0.1539
=15.39%
EAR for First United Bank will be:
n = 2
i = 14.7% = 14.7/100 = 0.147
EAR = (1+ i/n)^n - 1
= (1 + 0.147/2)² - 1
= (1 + 0.0735)² - 1
= (1.0735)² - 1
= 0.1524
= 15.24%
The value of equity in economics is obtained by first adding the values of the total current assets and long-term assets and then subtracting this sum to the summation of total current liabilities and long-term liabilities.
In this case, we classify each of the given data to the following categories included in the equation above. The current asset is $30,000; long term assets are for supplies and equipment and lastly, the current liability is $8500. Substituting to the given equation for equity computation above, then
Equity = $30,000 + $600 + $10000 - $8500 = $32000
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This is the amount of money to construct Gladstone, Inc.
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Answer:
Margin of safety = 3190.922902 units rounded off to 3191 units
Explanation:
Margin of safety is the cushion or extra number of units that the business sells over the break even point in units. The break even point is the point where total revenue equals total cost and the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break even number of units from the budgeted number of units or sales.
Margin of safety = Budgeted units - Break even number of units
First we need to calculate the break even in units. The formula for break even in units is,
Break even in units = Fixed cost / (Selling price per unit - Variable cost per unit)
Break even in units = 9376 / (6.74 - 2.33)
Break even in units = 2126.077098 rounded off to 2126 units
Margin of safety = 5317 - 2126.077098
Margin of safety = 3190.922902 units rounded off to 3191 units