Loren+already+knows+that+he+will+have+$500,000+when+he+retires.+if+he+sets+up+a+payout+annuity+for+30+years+in+an+account+paying+10%+interest,+how+much+could+the+annuity+provide+each+month?

Answers

Answer 1

The annuity provide each month to Loren is $221.19.

What is meant by annuity?

An annuity is a set of payments that are made at regular intervals.

Regular savings account deposits, monthly mortgage loan payments, monthly insurance payments, and pension payments are all examples of annuities.

The frequency of payout dates distinguishes annuities.

Now, as per the question;

The formula for calculating the annuity is;

[tex]P_t=\frac{d\left[\left(1+\frac{s}{n}\right)^{n t}-1\right]}{\frac{s}{n}}[/tex]

where,

[tex]P_t[/tex] = is the account balance after t yearsd = regular deposit (the amount users deposit each year or month) r = annual interest rate in decimal form.n= number of compounding periods in a year.t = number of years

Loren is confident that he'll have $500,000 when he retires.

= $500,000

He establishes a 30-year payout annuity in a 10%-paying account interest.

30 years = t

r = (10/100) = 0.1

Each month, the annuity could provide

n = 12

In the formula, replace the above values.

500,000 = d[( 1 + 0.1/12)³⁶⁰ - 1]/(10.1/12)

500,000 = d[(1.00833333)³⁶⁰ - 1]/0.00833333

500,000 = d [2260.487925]

Divide both sides by 2260.487925

d = $221.19

Therefore, the value of annuity provided each month is $221.19.

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The correct question is -

Loren already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 30 years in an account paying 10% interest, how much could the annuity provide each month?


Related Questions

Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. This type of behavior encourages more ethical decision-making by sends a powerful message to employees and customers. True or false?.

Answers

Debra points out that Theo Chocolate has begun holding its internal operations to the same fair trade standards that it holds its suppliers to.  This type of behavior encourages more ethical decision-making by sending a powerful message to employees and customers is a True Statement.

Making ethical decisions is founded on fundamental character traits including reliability, commitment, respect, justice, compassion, and good citizenship. Ethical judgments lead to ethical activities, which serve as the cornerstone of ethical business operations.

For instance, we can state that it is ethically required of parents to provide for their children, both because doing so is right and because not doing so is immoral. Without parental care, the children would struggle and eventually pass away.

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Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged in ________.

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Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.

Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.

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Edison consulting received a $470 utilities bill and immediately paid it. edison's general journal entry to record this transaction will include a:__________

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To document this deal, Edison will put the following in its general journal entry: Doctor Utilities $470  $470.00 in cash in currency

The act of maintaining or creating records of any transactions, whether they are financial or not, is known as journaling.

An accounting journal lists transactions and displays a company's debit and credit balances. The journal entry may have multiple entries, each of which is either a credit or a debit. The journal entry is deemed to be imbalanced if the total of the debits does not match the total of the credits.

Journal entries can list one-time or ongoing events, such bond amortization or depreciation. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journals entries in accounting software are typically entered using a distinct module from those.

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Budget for long-term goals involving non-recurring items is called a(n):_________

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Budget for long-term goals involving non-recurring items is called a capital budget.

What is capital budget?A business uses capital budgeting as a tool to assess potential big projects or investments. Examples of projects that might require capital budgeting before they are approved or denied include the construction of a new factory or a significant investment in an outside enterprise.Making decisions about a company's long-term capital investment in operations is done through capital budgeting. Capital budgeting is the process of forecasting future returns on investments in things like machinery, real estate, and new technologies.Because it fosters accountability and measurability, capital budgeting is crucial.A company's owners or shareholders would consider it irresponsible for it to invest resources in a project without first fully evaluating the risks and potential rewards.

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A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:_________

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A user market is one where tenants bargain rent and other conditions with property owners or their managers.

What are Business User Markets?

Several other user markets also make purchases, either for their own consumption or with the goal of redistribution to others, in addition to selling finished goods and services to supply chain organizations. When making these purchases, the buyer typically does not significantly alter the goods from their original state. Although technically these markets are also a component of the supply chain, the majority of business users do not actively participate in or directly support production.

Any method that lets customers get involved in a marketing effort is known as user-generated marketing. User-generated marketing is just as much a kind of public relations as anything else because it gives a target audience a more participatory and interesting experience.

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What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points?

Answers

The increase in the s&p;

P is 5%.

% Increase = Points Increase / Original Value

% Increase = 55/1100 = 0.05

The rate of rise is 5% currently trading when expressed as a percentage.

What is trading?

Trading is the purchase and sale of financial instruments for profit. These instruments are made up of a number of assets that have a financial value that fluctuates and you can trade on the direction they move. You've probably heard of stocks, shares, and mutual funds.

You can gain exposure to markets such as the S&

P 500, the FTSE 100,

Global currencies such as the US dollar or the Japanese yen, and even commodities such as lean hog or cattle. It's vital to remember that trading is inherently dangerous, and you could lose more than you anticipated if you don't take the necessary risk management precautions.

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Who initially collaborates with the project manager on the lessons learned document?

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The people who initially collaborates with the project manager on the lessons learned document are the project team members.

Who is a project manager?

An expert in the subject of project management is a project manager. Regardless of the industry, project managers are responsible for the planning, acquisition, and execution of any activity with a specified scope, defined start, and defined conclusion.

Before the issue escalates to higher authorities, project managers serve as the initial point of contact for any concerns or conflicts occurring among the heads of several divisions inside an organization. A project manager is in charge of overseeing a project.

The findings of surveys and team member input gathered throughout the course of a project's lifecycle make up a lessons learned document. Establishing a procedure for collecting feedback at significant points in the project, then document it and use it to produce thorough reports is illustrated in the document.

It should be noted that the team members also collaborate in this situation.

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East-west traders, based in los angeles, buys home accessories from italy and then resells them domestically. what process is this company using to obtain goods?

Answers

If the East West traders, based in Los Angeles, buys home accessories from Italy and then resells them domestically, the method that they are  using to obtain goods is called importing.

What is importing?

This is the term that is used to refer to all of the ways that a nation is able to get the goods and the resources that they need from other nations into their own countries. It is the buying of goods from a nation to your own country so as to use them in your own nation or to have them sold to the users of items in your nation.

The opposite of this is exportation which is the sale of goods from your own nation to other nations. Hence we have to say that If the East West traders, based in Los Angeles, buys home accessories from Italy and then resells them domestically, the method that they are  using to obtain goods is called importing.

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The french physician jean nicot was successful in curing blank______ of catherine de medici, queen of henry ii of france, which made tobacco use popular.

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The French physician Jean nicot was successful in curing migraine headaches of Catherine de Medici, queen of henry ii of France, which made tobacco use popular.

A migraine headache frequently starts off as a throbbing sensation before becoming dull. Usually, it gets worse as you exercise. The pain may be in the front of your head, travel from one side of your head to the other, or feel as though it is pervasive throughout your brain.

The average duration of a migraine attack is 4 hours, although more severe cases can continue for up to 3 days. Everyone experiences them differently, but two to four headaches each month are typical.

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Lumber is used to build a house so that what was personal property (lumber) is now real property (the house). the process is called?

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Lumber is used to build a house so that what was personal property (lumber) is now real property (the house). the process is called attachment.

Lumber is the general word for all harvested wood, including logs, large timbers, and members used in light-frame buildings. Hardwood or softwood are the two categories of lumber. The phrase is frequently used to refer especially to the goods made from wood in a sawmill.The four primary types of wood you may use for any sort of woodworking project are hardwood, softwood, plywood, and MDF. The following information will help you choose the proper type of wood for your project.

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The principal amount in tips is adjusted in proportion to increases in? the dow jones industrial average. gdp growth. the s&p 500. the consumer price index.

Answers

The Dow Jones Industrial Average (DJIA) is a stock index made up of 30 prestigious American industrial and financial firms.

The media uses the index as a gauge of the overall stock market and the state of the economy.

The Dow consists of only 30 stocks out of thousands of stocks, which limits its reach more than the more expansive S&P 500.

The index is price-weighted and does not take market capitalization changes into account, unlike several other widely used indices.

The index is generated using a divisor to equalize the index components because it is price-weighted.

The Gross Domestic Product (GDP) of the United States grew 5.7% in 2021, the fastest yearly rate since 1984. As the economy recovered from the catastrophic fall in economic activity caused by the COVID-19 epidemic in early 2020, consumer expenditure and business spending accounted for the majority of the improvements. In 2021, the labor market was robust. With 6.7 million new employment being added in 2021, it created 562,000 new positions on average each month. At the end of the year, the economy still had 3.3 million fewer jobs than it did before the outbreak.

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Sometimes a country's laws forbid foreigners from ownership within their nation, and the only way a u.s. company can have a presence in that foreign country is with a(n) ___.

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Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, Joint Ventures are one way for an American company to have a presence in that foreign country.

What are Joint Ventures?A joint venture is a partnership between two or more parties to develop a single enterprise or project for profit while sharing the risks associated with its development. The joint venture must have at least two natural persons or entities as partners. Joint ventures are typically formed by two companies that have complementary strengths. To bring an innovative product to market, a technology company may form a partnership that opens a new window with a marketing company opening in a new window. Foreigners are sometimes prohibited by law from owning a business in a country. Joint Ventures are one way for an American company to have a presence in a foreign country where such laws exist.

Therefore, sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, Joint Ventures are one way for an American company to have a presence in that foreign country.

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The correct question is given below:
Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) _____ is one way for an American company to have a presence in that foreign country.

Ellie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job

Answers

The standard deduction for Ellie will be $1750

Age of Ellie is 15 years and is dependent on her parents.

Dividends income currently with Ellie = $800

Wages income with Ellie from her part-time job = $1400

Since Ellie is dependent on her parents and earned some income she is liable to pay tax according to standard deductions of the Internal Revenue Services(IRS)

Therefore computing the deductions:

Ellie being a dependent, her standard deductions are limited to the greater of (1) $1100 or your earned income plus $350

In this case,

Income from wages is  = $1400 which is greater than $1100

Therefore , her standard deductions will be earned income +350 = 1400 + 350 = $1750

Although a part of your question is missing, you might be referring to this full question: Ellie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. Compute the 2019 standard deductions.

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Firms use both the __________ and __________ models. in fact, these models complement each other in that one focuses outside the firm while the other focuses inside the firm.

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Industrial organization and resource-based frameworks are both used by businesses model Since one of these models focuses on factors outside the organization and the other on factors inside the firm, they actually complement one another.

A organization is nice positioned for lengthy-time period achievement, according to resource-based totally concept, if it has get entry to to sources which might be valuable, unusual, hard to duplicate, and non-substitutable.

The development of organization abilities that, over time, may additionally cause accelerated performance may be based totally on those strategic belongings.

the industrial business enterprise method hyperlinks a business enterprise's overall performance on the worldwide degree to its function in the external market.

with the intention to pinpoint the elements that influence a organization's success in international advertising, the resource-based view concentrates on internal organizational resources like advertising and marketing information or marketing capabilities.

The views of industrial agencies and useful resource-based businesses are exceptional. not like the economic organization (I/O) paradigm, RBV contends that sustained aggressive benefit can be attained greater genuinely by way of utilizing internal in place of external forces.

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Buying products produced in another country is known as:_________
a. importing.
b. trade protectionism.
c. comparative advantage.
d. exporting.

Answers

Buying products produced in another country is known as Importing.

What are imported goods?

It is most common for nations to import commodities or services that their domestic businesses are unable to provide as effectively or inexpensively as the exporting nation. A nation may also import goods or raw materials that are unavailable inside its boundaries. For instance, many nations import oil because they either cannot generate it domestically or cannot produce it in quantities sufficient to meet demand. Which items and resources are more affordable to import are frequently determined by free trade agreements and tariff schedules.

Free-trade agreements and a reliance on imports from nations with less expensive labor appear to be the main causes of the reduction in manufacturing jobs in the importing country. The ability to import goods and materials from regions with less expensive production increases with free trade, which also lessens reliance on indigenous commodities. Between 2000 and 2007, there was a noticeable effect on manufacturing jobs, which was compounded by the Great Recession and the subsequent slow recovery.

Thus, purchasing goods from outside nations is called Importing.

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On your camping trip, you had planned to sleep out under the stars but it began to rain. marketers might say you have a(n) ________

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On your camping trip, you had planned to sleep out under the stars but it began to rain. marketers might say you have a desire.

How to explain the information?

Although psychologists refer to desires as ur-emotions, or feelings that don't quite fit into the basic emotion category, laypeople frequently define wishes as emotions. .

Psychologists claim that bodily parts and functions are the source of desires. to express a desire for something; to beg for something; to make a request: The mayor wants you at the next meeting. to desire, long for, or need. a desire or longing for something that gives pleasure or satisfaction: an explicit desire or wish for notoriety. When the brain's pleasure centers weigh external cues against the current state of consciousness, desire emerges rather automatically (e.g., hungry, craving, or feeling lonely).

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your camping trip, you had planned to sleep out under the stars but it began to rain. Marketers might say you have a(n) ________Blank to sleep in your tent instead.

Multiple Choice

preference

desire

mode

orientation

The bakery has determined cost of direct materials used to be 101000. what is the cost of goods manufactured?

Answers

The total cost incurred to manufacture goods and transfer them into finished goods inventory for retail sale is known as COGM, as the name suggests.

The COGM calculation formula is as follows:

Substitute: Direct Materials Used

Complement: Direct Labor Used

Cost of manufacturing added

Start the Work in Process (WIP) Inventory, please

Taking Work in Process (WIP) Inventory to Zero

= COGM

In a T-account, this can be observed more obviously. Let's take the following costs as an example, which a bakery manufacturer may incur:

$100k in direct materials

Labor Direct: $50,000

Manufacturing Overhead: $60,000

WIP inventory starting point: $10,000

WIP inventory ending: $30,000.

Inventory Work in Process (WIP) Starting Balance 10,000

Direct Materials 100,000

Direct Labor 50,000

60,000 in manufacturing overhead

190,000* COGM Ending Balance 30,000

What is COGM, or Cost of Goods Manufactured?

In managerial accounting, the term "cost of goods manufactured" (COGM) refers to a schedule or statement that displays all manufacturing costs incurred by a business over a given time period.

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How did hongwu exemplify confucian ideas? he built a strong military of ""a thousand chariots."" he encouraged the employment of men only. he encouraged reverent behavior among the people. he helped the economy of his country grow.

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He helped the economy of his country grow. This is how Hongwu exemplifies Confucian ideas.

What is Confucianism?

Confucianism is one of the most important religious traditions in Chinese history, with a history lasting more than 2,500 years. It cares about morals, inner virtue, and respect for the community and its customs.

Confucianism is a philosophy and way of life that originated in ancient China and served as the basis for much of Chinese culture. From 551 to 479 B.C.E., philosopher and educator Confucius lived. His students recorded his ideas on ethics, proper conduct, and moral character in various writings, the most significant of which was the Lunyu. For leading a peaceful life, Confucianism emphasizes human-centered qualities and ancestor worship. Confucianism's guiding principle is "Don't treat others the way you wouldn't want them to treat you."

Thus, Hongwu helped the economy with his Confucian ideas.

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In a diversified company, the competitive advantage potential of cross-business strategic fit is greater when?

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In a diversified company, the competitive advantage potential of the cross-business strategic fit is greater when there is strategic alignment.

In a diversified company, the potential for competitive advantage of strategic alignment across businesses is bigger when the business mix includes variety of money cows. A diversified company that uses the strategic alignment of its related businesses for competitive advantage. it's a transparent path to achieving 1 + 1 = 3 synergistic gains in shareholder value. Their value chains have competitively valuable business-to-business relationships. The ability to spread business risk across truly diverse businesses (compared to related diversification, which is restricted to spreading risk only among businesses that are strategically appropriate). the flexibility to create the foremost of the company's financial resources by investing in any industry/business that provides the most effective prospects for profit One adaptation-based strategic approach to related diversification would be to diversify into new industries that represent opportunities to mix the worth chain activities of two or more businesses to cut back costs.

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By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of?

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By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of Land distribution.

A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.

A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice. Economic theory is a set of ideas and principles outlining how different economies work. Depending on their specific role, economists can use theory for different purposes.

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Consider+a+t+bond+with+a+6%+semiannual+yield+and+a+clean+price+of+$1100.+number+of+days+since+last+coupon:+40+days+number+of+days+in+the+coupon+period:+184+days+calculate+the+bond+dirty+price.

Answers

The number of days in the coupon period 184 days calculate the bond dirty price is  $ 1106.52.

Which is a bond?

Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.

Clean price =             Quoted price                     = 1100. 00

Accrued price =   1000* 6%* 1/2*40/184              =  6.52

Dirty price     =      clean price + accrued price    = 1100 + 6.52 =   $ 1106.52

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The financial planning process includes? i. determining asset requirements. ii. developing contingency plans. iii. establishing priorities. iv. analyzing funding options.

Answers

The financial planning process includes analyzing funding options.

Taking in charge your timeframe, cash flow, risk tolerance, current insurance range, tax strategies and investment goals, a range of ideas and financial planning options would be presented in order to decide which one suits you the best. This will help you deliver more actual and satisfying decisions.

What is financial planning process?

The main role of a financial planner is to help someones meet their medium-term and long-term financial objectives. Financial planners work closely with the customer to crystallize the goals, analyze their goals, assess risk patience, and as an end product create a plan of driving from point A to point B.

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Inventories held for sale in the normal course of business are classified in the balance sheet as?

Answers

Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

What is meant by current liability?

This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.

Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

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A firm owned by a single person who has unlimited liability for the firm's debt is called a?

Answers

A business owned by a solitary individual who has unlimited liability for its debt is named a: sole proprietorship.

What is proprietorship?

There is no legal separation between the owner and the business entity in a sole proprietorship, which is additionally referred to as a sole tradership, individual entrepreneurship, or proprietorship.

A sole proprietor may employ other persons additionally to working alone.All profits attend the sole proprietor (subject to business-specific taxes), and he or she is solely liable for all losses and debts. The proprietor is that the owner of all of the business's assets and is also responsible for all of its debts.

A partnership, on the opposite hand, has a minimum of two owners; this business is a "single" proprietorship.

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True or false: enterprise operations systems work in conjunction with the firm's erp system to provide specific functionality to support supply chain operations

Answers

The main answer is True.

The statement is correct, enterprise operations systems work in conjunction with the firm's ERP system to provide specific functionality to support supply chain operations.

Explanation:ERP system to provide specific functionality to support supply chain operations.Supply chain management has been an integral part of ERP solutions adopted by several enterprises. Manufacturers need to interact with various suppliers and partners to obtain the raw materials and resources at the right time and at the right amount to bring finished goods to market. Businesses are actively focusing on several supply chain strategies to boost plant productivity, enhance product quality, and cut down on manufacturing costs. As the operations become more extensive and globalized, the integration of SCM becomes all the more important. ERP solutions can support multiple modes, such as make-to-order, engineer-to-order, and configure-to-order, and provide operations support across multiple sites in real time. ERP solution streamlines the path their products go through from supplier to warehouse and finally to store for the customer. As a result, businesses can avoid supply chain disruption.

This theory explains how ERP systems provide support to the supply chain.

So the given statement is True

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Strategic positioning involves performing the same activities as rivals in a similar way, but at a lower cost. True or false?.

Answers

It is false. By preserving what is unique about a company, strategic positioning aims to achieve long-term competitive advantage. It refers to engaging in different activities from competitors or engaging in comparable activities but in various ways.

Companies can use strategic positioning as a key instrument to increase business profit. Determining how to set themselves apart from rivals may be a crucial step in developing the goal and operating principles of new businesses. By expanding the volume of products they produce and the market they serve, strategic positioning can aid established businesses in growing. Executives of a firm may find it helpful to attract investors and media attention by being able to articulate how their organization differs from that of its rivals.

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For 2020, ross corporation had pretax ordinary income of $500,000 and sold for $154,000 an asset purchased previously for $130,000. calculate the tax liability for the company.

Answers

In 2020,

Ross corporation had pretax ordinary Income= $500,000

Sold for = $154,0000

purchased previously for = $130,000

Tax liability for the company is $110040

Total Income =

Calculation

$500000+($154,000-$130000)

=$524000

In 2020,Tax liability was 21%

221/100*$524,000

Tax liability =

$110,040

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Any place where, or mechanism by which, buyers and sellers interact to trade goods, services, or resources is a called a(n):_________

Answers

Any place where, or mechanism by which, buyers and sellers interact to trade goods, services, or resources is a called markets.

What is market?
In the field of economics, a market is a collection of mechanisms that allow for the exchange of goods and services between parties. Despite the possibility of parties exchanging goods and services through barter, the majority of markets rely on sellers providing their products or services—including labor—to customers in exchange for money. It is possible to define a market as the mechanism by which the costs of goods and services are decided. Markets provide for the distribution and allocation of resources in a community as well as the facilitation of trade. Any tradable good can be assessed and valued in a market. A market develops more or less on its own or may be purposefully created through human interaction in order to facilitate the exchange of rights (compare ownership of products and services). Markets typically replace gifts.

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The primary purpose of the real estate settlement procedures act is to ensure that buyers ______.

Answers

The primary cause of the real estate agreement approaches act is to make sure that customers are provided with well-timed facts on the character and fees of the agreement system.

Real estate settlement strategies Act:

(the Act) became powerful on June 20, 1975. The Act calls for lenders, loan brokers, or servicers of domestic loans to provide debtors with pertinent and well-timed disclosures regarding the nature and costs of the actual estate settlement technique.

Real estate — or actual property — is immovable assets together with land and homes. The time period may also suggest the enterprise of buying, selling, or making an investment in houses, land, or other real assets. real estate is using pressure on the economy and generates most household wealth in the U.S.

There are 3 predominant forms of real estate properties: vacant land, residential properties, and industrial houses. Vacant land permits you the possibility to either construct something or rent it out.

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With specific goals and objectives for the population it serves, each snp is required to develop a?

Answers

With specific goals and objectives for the population it serves, each snp is required to develop a MODEL OF CARE.

What is SNP model of care?

SNP Care Model (MOC) A coordinated care plan for Medicare Advantage (MA) is known as a special needs plan (SNP). (CCP) that is intended to provide focused care and restrict enrollment to people with exceptional needs.

Which of the following are the types of Special Needs Plans (SNPs)?

All Special Needs Plans (SNPs), regardless of plan type, involve a contracted network of providers because they are either HMOs or PPOs.

What is a special needs plan SNP?

All Special Needs Plans (SNPs), regardless of plan type, involve a contracted network of providers because they are either HMOs or PPOs. True. Each SNP is obliged to create a: Model of Care with particular aims and objectives for the population it serves.

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