Answer:
ltem of important must be shown separately
what is that GAAP
The case mentions that CEO Barra is inclusive and consults with others, but is not afraid to make hard decisions, when necessary. If Barra was to blame those she consulted with for decisions that turned out wrong, but took credit for decisions that turned out right, she would be suffering from the ______.
If Bara was to blame those that inspired him to make bad decision and credit those that inspired him to make right one, then she's exhibiting how managers control and how leaders inspire.
Who are managers and leaders?As a leader, the organization is expecting so much in term of inspiration and motivation to achieve the set goal.
The manager on the other hand control and organize the organization and the affairs to achieve the set goals.
Therefore, the scenerio above explain the difference between a manager and a leader.
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what happens to the price of a good or service when a shortage of that good or service occurs?
Answer:
If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...
A baseball player is offered a 5-year contract that pays him the following amounts:
Year 1: $1.2 million
Year 2: 1.6 million
Year 3: 2.0 million
Year 4: 2.4 million
Year 5: 2.8 million
Instead of accepting the contract, the baseball player asks his agent to negotiate a contract which has a present value of $1 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year annuity due. All cash flows are discounted at 10 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)?
The player's annual salary is $2 million. If All cash flows are discounted at 10 percent. If the team were to agree to the player's terms.
What is meant by the value of an annuity?A stream of identical future payments is worth in dollars today what is known as the present value of an annuity. To put it another way, it's the sum of the investments you would need to make today to equal the total of the annuity payments after accounting for the time value of money.
Given,
Cash Flow(CF) Year 1 Year 2 Year 3 Year 4 Year 5
(Amt in million) $1.2 $1.6 $2.0 $2.4 $2.8
Discounted rate = 10%
Additional cash Inflow = $1 million
Required to find annual salary =?
First, we have to find the Present value = CF1/(1+r)¹ + CF2/(1 + r)² + CF3/(1+r)³ + CF4/(1+r)⁴ + CF5/(1+r)⁵
Present value = 1.2/(1+0.1)¹ + 1.6/(1+0.1)² + 2/(1+0.1)³ + 2.4/(1+0.1)⁴ + 2.8/(1+0.1)⁵
Present Value = 7.293 million
Now Increase Pv by 1 million + 7.293 = 8.293 million.
PMT = (PV)/(1+r)*(1-(1/(1+r)ⁿ)) x (1+r)
PMT = 8.293/(1/0.1) x (1-(1/(1+0.1)⁵)) x (1+0.1)
PMT = 1.98 which is 2.0 million approx.
Thus, The player's annual salary is $2 million.
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Consider again the price control described in the last question. Let's assume that the price control
was binding
Now people vote to repeal the law and remove the price control. As the market adjusts afterward,
we'd expect to see quantity demanded [Select ]
- and quantity supplied
in the market for wheat.
[Select ]
fall
remain constant
rise
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
What is a price floor and a price ceiling?A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
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