BUSINESS HIGH SCHOOL

Cleese Company sells merchandise on account for $5,000 to Langston Company with credit terms of 2/10, n/30. Langston Company returns $1,000 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check

Answers

Answer 1

Answer:

$ 3,290

Explanation:

Given that

Merchandise on account sold to Langston = 5000 at 2/10 n/30

2/10 n/30 means 2/10 net 30 refers to a trade credit indicating that the buyer enjoys 2% discount.

Also,

Langston returned $1000 worth of damaged goods.

Thus,

Amount of check

= (Initial sales price - returned damaged goods) × 100% - discount

= (5000 - 1000) × 100 - 2

= (5000 - 1000) × 98%

= $ 3920

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Which of the following can increase your credit card's APR?

Answers

APR? That's interest. You don't want to add interest. If you are trying to increase your credit limit you can ask the credit card company - but you need to make sure your payments have been on time

Final answer:

Missed or late payments, Maxing out credit limit, Changes in the market can increase your credit card's APR.

Explanation:

APR stands for Annual Percentage Rate, which is the interest rate charged on your credit card balance. There are several factors that can increase your credit card's APR, including:

Missed or late payments: If you consistently miss payments or make late payments, your credit card issuer may increase your APR as a penalty.
Maxing out your credit limit: If you use up all of your available credit, it can negatively impact your credit score and result in a higher APR.
Changes in the market: The overall economy and market conditions can influence interest rates, which can in turn affect your credit card's APR.

It's important to manage your credit card responsibly to avoid potentially higher APRs. Paying your bills on time and keeping your credit utilization low can help maintain a lower APR.

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Which poet, who seems be using iambic pentameter, bends the meter most? A. Emma Lazarus
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Answers

The correct answer is D. Gerard Manley Hopkins

Other poets from the list either not use the iambic pentameter at all or stick to it. Gerard Manley Hopkins uses it as he likes it.

Companies such as Edison Nation and the Big Idea Group have sprung up to tap into ________ possibilities, often combining its own design, branding, engineering, and sales teams with online participants, forming a community for devising new products.

Answers

Correct/Complete Question:

A) stage-gating

B) cocreation

C) microstocking

D) buzzing

E) crowdsourcing

Answer:

E, crowdsourcing

Explanation:

Crowdsourcing is a way of sourcing for ideas, design, etc; used by individuals or corporations by using a an open and vast group of internet users.

In crowdsourcing, work is divided between the participants to ensure that time is managed as well as simultaneous aspects of a product are handles at once.

By the time the consultation period is over, the individual or corporation has all the pros and cons of a product worked out and put together.

Crowdsourcing is done by creating idea competitions or innovation contests. This gives a company a wider range of thoughts or exposition to things than the employees of the company might be able to handle or produce. Crowdsourcing is used by companies that are non profit to create common goods.

I hope this helps.

"what does ""//"" numeric operation mean?

Answers

Answer:

Numerical operations is a test of written calculation and includes simple arithmetic problems including addition, subtraction, multiplication and division.

Final answer:

The '//' operator is used for floor division in programming and mathematics. It divides the first number by the second and rounds down to the nearest whole number.

Explanation:

In the context of programming and mathematics, the ' // ' operator is used for floor division. This operation divides the left operand by the right operand and then rounds the result down to the nearest whole number. For example, if you perform the operation 7 // 2, the result would be 3, because 7 divided by 2 equals 3.5, and when rounded down, the result is 3.

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Merrill Lynch : Case study Summary of Case The case profiles the financial crisis at Merrill Lynch at the end of the last decade, which was acquired by Bank of America for $50 billion. B of A received government assistance during the financial crisis from (and was covered by) TARP (the Troubled Asset Relief Program). One initial consequence of TARP coverage was that some employees, including some high-level,high-revenue generating employees began to leave larger financial institutions like Merrill Lynch/Bank of America to go to so-called "boutique" financial services firms, which had not received TARP money and thus were not covered by TARP restrictions on compensation. Another initial reaction was an increase in base pay levels and a decrease in bonus levels, apparently in response to all of the negative publicity bonuses had received and as a way to get around TARP restrictions. Students are expected to analyze the decision of Merrill Lynch to change employee compensation just to get around TARP restrictions on compensation. However, now, that some time has passed, the economy has recovered (somewhat), and the stock market has bounced back, Merrill Lynch and other financial services companies are making money again. At Merrill Lynch, there is always a lot of action and discussion around compensation strategy. Merrill introduced a plan to expand its number of financial advisors by 8 % (about 1,200 people). Where would they come from? Other firms? How would Merrill get them to move? By offering unusually high up-front signing bonuses and decentralizing authority to make such offers. Traditionally, top brokers from other firms can receive 1.5X their pay at the firm they are leaving. Merrill was not the only firm looking to add top brokers. Indeed, what was described as a "bidding war" broke out, and signing bonuses were reported to have gone as high as 3X or 4X previous pay in some cases. Why the bidding war? "Wealth management firms make the bulk of their profits on the top 10 percent of their producers" according to compensation attorney Katten Muchin. And, very wealthy clients tend to be more loyal to their advisors than to the advisors’ firms. At Merrill, there are some concerns among financial advisors. First, in the non-Merrill part of Bank of America, brokers are under a discretionary bonus system rather than an (objective) incentive system where pay is based on a formula. Merrill financial advisors fear that Bank of America wants to extend that system to cover them. Second and likely related, non-Merrill brokers at B of A are expected to cross-sell—in other words, to push products sold by other parts of the bank. The opportunities for such synergies are typically seen as a source of competitive advantage for a large, diversified financial institution such as B of A. However, cross-selling performance (and cooperation) is difficult to assess objectively. Thus, subjective evaluations are likely necessary. Merrill brokers appear to be opposed to cross-selling, both because they are concerned it could undermine their relationships with their clients and because they prefer to have their pay determined by objective measures. 3. Should Bank of America change its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling? What effect might this have on its success in the bidding war for top brokers? 5 Marks

Answers

Bank of America should carefully consider the potential risks and benefits of changing its compensation strategy before making any decisions.

It should prioritize building a strong culture and brand, offering a fair and transparent compensation package, and fostering long-term relationships with clients and financial advisors.

What are the responses to other questions?

Bank of America may consider changing its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling, but it needs to weigh the potential impact of such changes on its success in the bidding war for top brokers.

Introducing more subjective assessments of performance may result in a fairer evaluation of financial advisors, as it would consider factors beyond just the numbers. It could incentivize advisors to focus more on long-term relationships with clients rather than short-term gains. Cross-selling could also increase revenue for the company and provide a competitive advantage in the market.

However, there are risks associated with these changes. Financial advisors may feel that their compensation is being unfairly influenced by subjective evaluations, leading to a loss of trust and motivation. This could lead to increased turnover and difficulty in attracting and retaining top talent. Furthermore, emphasizing cross-selling may alienate clients and erode their trust in the firm, ultimately leading to a decline in revenue.

In the bidding war for top brokers, Bank of America may need to consider the overall compensation package it offers. While signing bonuses can attract brokers, a more competitive overall compensation package, including a fair and transparent incentive system, may be more effective in attracting and retaining top talent. Bank of America may also need to focus on developing a strong culture and brand that aligns with the values of financial advisors and appeals to their desire for long-term success.

In summary, Bank of America should carefully consider the potential risks and benefits of changing its compensation strategy before making any decisions. It should prioritize building a strong culture and brand, offering a fair and transparent compensation package, and fostering long-term relationships with clients and financial advisors.

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Answers

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