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balandron [24]
2 years ago
15

Troy starts a job right out of college. He feels lucky to have found a position in the financial industry. Troy knows that he ne

eds help to form and maintain the lasting developmental relationships that will further his career. Troy should first establish a(n) _________.
Business
1 answer:
Mashutka [201]2 years ago
3 0

Answer:

Mentoring Plan.

Explanation:

This is a form of a continuous schooling process that is more of ‘giving advice’, or passing on what your experience was in a particular area or situation.

It is a system of semi structured guidance whereby one person shares their knowledge, skills and experience to assist others to progress in their own lives and careers. Mentors need to be readily accessible and prepared to offer help as the need arises within agreed bounds.

Mentors very often have their own mentors, and in turn their mentees might wish to ‘put something back’ and become mentors themselves - it's a chain for ‘passing on’ good practice so that the benefits can be widely spread.

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You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w
love history [14]

Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition.  Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

7 0
2 years ago
Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to
Dominik [7]
<span>While the new helmets decrease the probability of a serious head injury resulting from a bike accident, they also incentivize cyclists to ride less safely, which could increase the number of bike accidents and thus head injuries to cyclists
</span>

<span>Although the new helmets reduce the probability of head injuries, such an outcome changes the incentives of cyclists by making them less cautious</span>


5 0
2 years ago
Read 2 more answers
Stear Corp. decides to deposit $1,000 in its bank account. This cash was paid from the cash register of the company. What will b
Liula [17]

Answer:

Cash Account (debit) 1,000

Cash in Bank Account (Credit) 1,000

Explanation:

Given

Amount = \$1,000

Required

Write a journal entry

In this case:

The company deposits $1000.

This means that, $1000 will be debited from the company's cash account.

So, the entry for that will be:

Cash Account (debit) 1,000

In the same vein, $1000 will be credited into the company's bank account.

So, the entry for that will be:

Cash in Bank Account (Credit) 1,000

5 0
1 year ago
Read 2 more answers
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
iVinArrow [24]

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

6 0
2 years ago
For technology-based ventures, sometimes innovation results from recognizing an unsatisfied need in the marketplace, such as wit
Licemer1 [7]

Explanation:

Market pull can be defined as a strategy in which the organization develops a new product or service for customers to look for the company, which means bringing customers closer and gaining the advantage of loyalty and increasing the customer base.

The first example shows the market pull by developing a consumer need such as high-speed internet to replace a slower internet, that is, the company attracted consumers from a need that was not met in the market.

The advantages of this strategy are consumer loyalty , and the disadvantages may be the difficulty in designing a new product that meets the real needs of consumers and is well accepted in the market.

The "technology push" is the strategy used when companies are already recognized in the market enough to influence the demand for their products and services, and then launch new technological products with the expectation of creating the need in consumers from the value that the company have on the market.

The advantages of this strategy can be the increase in the brand value in the market, and the disadvantages can be spent on technological developments that may not be well accepted by consumers.

5 0
2 years ago
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