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strojnjashka [21]
4 years ago
10

The business writer Michael Lewis has quoted Michael​ Burry, a fund​ manager, as​ saying: "I also immediately internalized the i

dea that no school could teach someone how to be a great investor. If that were​ true, it'd be the most popular school in the​ world, with an impossibly high tuition. So it must not be​ true." Do you agree with​ Burry's reasoning?
Business
1 answer:
Andrews [41]4 years ago
3 0

Answer:

Yes, I agree with Burry's reasoning because investing is something one learn overtime to perfect, in their own particular way. Being a good and successful investor, one should have a combination of factors such as the ability to analyse the market health, keep up to date with what is going on in the world, and may other knowledge. Different successful investors have different skills and ability to invest in their field of business that they took time to practice until they become good in their investing journey.

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ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively. ABC requires 30% of
igor_vitrenko [27]

Answer:

= $52,050

Explanation:

First, the question is as follows:

Calculate the number of pounds of raw material to be purchased in June

Solution

Step One: We determine what was produced in June and in July  as follows

Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products

  • Budgeted Production in June= $15,600 +  (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
  • Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000

Step 2 : Determine the Purchased raw materials for June

  • = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)

= 50,400 + $14,250 - $12,600 = $52,050

4 0
3 years ago
Some innovative firms entertain consumers with ______; these consumers then interact with the brand.
lukranit [14]
The use of electronic mail proved to be significant in establishing communication between the firm and the consumer. Users of their product would now tell their claims and reports about its deficiencies only without going to the shop itself to solution the problems as fast as possible.
8 0
3 years ago
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Purchasing stock on credit is called?​
Natalija [7]

Answer:

it's known as a margin call.

Explanation:

Buying on margin is borrowing money from a broker in order to purchase stock. Margin trading allows you to buy more stock than you'd be able to normally.

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3 years ago
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Jillian has a low credit score, and she will not be able to pay the minimum balance on her credit card bill next month. What sho
AnnyKZ [126]
Contact the credit card company. Communication is key. As long as she does not have a habit of being late, they may offer her a grace period.
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Assuming all APRs equal, the effective interest rate on a loan is highest when:
arlik [135]

Answer:

Points are charged and the loan has a 30 year maturity but prepaid in five years

Explanation:

When you purchase points to lower your monthly mortgage payments, the bank (or lender) sell them calculating a 30 year payment schedule. If you pay the loan in a shorter period, it means that the points were sold at a very high price o you actually end up paying higher effective interest rate. That without even considering any possible prepayment penalties. But sometimes knowing that your mortgage is paid lowers your stress and it may be worth it from a personal (not financial) point of view.

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