Answer:
All of the following are organization-directed benefits associated with offering unconditional guarantees except:
a. the guarantee provides a means to avoid bankruptcy.
Explanation:
Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy. Bankruptcy arises from inadequate financing resulting from overtrading. Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.
Answer: B) The option premium is greater or equal to its intrinsic value because of the time premium.
Explanation:
The option premium can be calculated by adding the time premium and the intrinsic value. The time premium is the part of the option premium that accounts for the time remaining till the premium matures while the intrinsic value is the difference between the value of underlying asset and the strike price.
As the time premium can be zero but never negative, the option premium can either be greater than its intrinsic value or equal to it. It cannot be lower than it because of the time premium.
Answer:
Option C
Explanation:
In the context of a conference, a convention is indeed a assembly of individuals that occur at an agreed location and time either to address or participate in a mutual interest. The most commonly organised conventions are focused on trade, career and fanbase.
Conventions are mostly organised and managed by skilled gathering and conference managers, sometimes by the event organising company's employees or by independent experts, sometimes in exact description. Many big cities should have a conference centre devoted to organising activities like these.
Answer:
All except 'a' i.e The price of a can of beans
Explanation:
Demand Curve is the graphical representation of quantities of a good demanded at different prices, other factors remaining constant (ceteris paribus).
The curve is downward sloping due to inverse relationship between price & quantity demanded, as per law of demand. Change in price defines quantity demanded movement on the curve itself. Any change in factors other than price shifts the curve altogether.
In this case : Determining demand curve of 'Canned Beans' - would be based only on relationship between their quantity demanded & their own i.e canned beans price. All other factors - tomato can price, their cost of production, their supply are held constant as per 'ceteris paribus'.
Answer:
The fixed asset turnover ratio is closest to 3.62.
Explanation:
The fixed asset turnover ratio can be calculated using the following formula:
Fixed asset turnover ratio = Net sales revenue / Average fixed assets …….. (1)
Where:
Net sales revenue = $1,420,000
Average fixed assets = (Beginning balance of fixed assets + Ending balance of fixed assets) / 2 = ($378,000 + $406,000) / 2 = $392,000
Substituting the values into equation (1), we have:
Fixed asset turnover ratio = $1,420,000 / $392,000 = 3.62
Therefore, the fixed asset turnover ratio is closest to 3.62.
