Answer: A. $13000
During its first five years of operation, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $22,000 $2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of
Year 1?
a. $13,000 d. $41,000
b. $23,000 e. some other amount
c. $37,000
Explanation: the difference between total dividends (75,000$) and total net Income (88000$) gives the Retained Earnings = $13000
Answer:
Gramm–Leach–Bliley Act
Explanation:
The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.
Answer:
<u>Conscious Marketing</u> entails a sense of purpose for the firm that is higher than simply making a profit by selling products and services.
Explanation:
- The conscious marketing is such a marketing technique in which other people become advertiser of your business. They do such because of your best services or products.
- There are four principles of conscious marketing which are:
- Identification of greater goal of marketing
- Consideration of stake holders
- Creating a conscious leadership
- Understanding that all are decision are ethical
Answer:
A low-price strategy
Explanation:
Price elasticity of demand is the responsiveness of quantity demand to a change in price. It is calculated by dividing the % change in quantity demanded by the % change in price.
- Perfectly elastic demand: Even no changes in price causes a change in quantity demanded (horizontal demand curve)
- Elastic demand: Change in price causes a relatively higher change in quantity demanded (Sloped demand curve, PES > 1)
- Unitary elastic demand: Change in price causes the same change in quantity demanded (PES = 1)
- Inelastic demand: Change in price causes a relatively lower change in quantity demanded (Steep slope in demand curve, PES < 1)
- Perfectly inelastic demand: Even with changes in the price, there is no change in the quantity demanded (vertical demand curve).
In this case, demand for hamburgers by both students and faculty is elastic since it is 4 and 3 respectively and hence higher than 1. Thus, any change in price will cause a higher change in quantity demanded.
Note: <em>The negative figures DOES NOT mean less than 1. The negative figure is because price and quantity demanded have an inverse relationship (when one rices, the other falls). Hence, even -4, -3, -6 are all elastic. However, -0.2, -0.9 and such are considered inelastic. </em>
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When demand is elastic, a fall in price will help to maximize total revenue and profits, because when price falls by a certain amount, demand will increase by a much larger amount. Thus, in order to maximize profits, a low-price strategy should be used. In this low price strategy, students should be charged lower than faculty members, since students have a more elastic demand compared to faculty members. For example, students can be charged $5.6 and faculty members $5.8
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Answer:
1. The experiments should be clear in mind and well understood before coming to lab, for this the experiments should be well read.
2. Take proper precautions when working in the lab as, no insane acts shall be performed also due care with the use of apparatus and instruments in the lab shall be taken care of.
3. Even in some imaginary or worst case if help is required because of any incident that took place unwillingly and might lead to some loss, then you should be able to ask for help, also know the persons from whom you are supposed to seek help.