The Management of “TanjungUdaBerhad” is planning a RM4,000,000 expansion this year. The expansion can be financed by issuing either common shares of bonds. The new common share can be sold for RM$5 per share. The bonds can be issued with a 12% coupon rates. The firm’s existing preference share pay dividends of RM$2 per share. The company’s corporate income tax is 30%. The financial statement of TanjungUdaBerhad is as follow:-
TanjungUdaBerhad
Balance Sheet as at 31st December 2021
Current Assets RM$ 2,000,000
Fixed Assets RM$ 8,000,000
RM$ 10,000,000
Current Liabilities RM$ 1,500,000
Bonds:
(8.5%, RM1,000 par value) RM$ 4,000,000
(9%, RM1,000 par Value) RM$ 1,000,000
Preference Shares
(RM$ 100 par value) RM$ 500,000
Ordinary Shares
(RM$ 2 par value) RM$ 2,400,000
Retained Earnings RM$ 600,000
RM$ 10,000,000
Required:
a) Calculate the indifference level of EBIT between the two Plans.
b) If EBIT is Expected to be RM1,500,000 which plan will result in ahigh EPS?
Answers
Based on the preference shares and the bond values given, the indifference level of EBIT for TanjungUdaBerhad is $1,142,857.
With an EBIT of RM1,500,000, the plan with the higher EPS will be to Issue bonds.
What is the indifference level of EBIT?This can be found as:
(Indiffernce level x ( 1 - tax rate) - Preference share dividends) / Outstanding shares if new shares are issued = ( (Indifference level - Interest) x (1 - tax rate) - Preference dividends) / Outstanding shares if bonds issued
Outstanding shares if new shares are issued is:
= Current shares + New shares
= (2,400,000 / 2) + (4,000,000 / 5)
= 2,000,000 shares
Interest amount:
= 12% x 4,000,000
= $480,000
Indifference level is:
(I x ( 1 - 30%) - 10,000) / 2,000,000 = ( ( I - 480,000) x ( 1 - 30%) ) / 1,200,000
I = $1,142,857
Which EPS is higher if EBIT is RM1,500,000?Issuing shares:
= (1,500,000 x ( 1 - 30%) - 10,000) / 2,000,000
= 0.52
Issuing bonds:
= ( ( 1,500,000 - 480,000) x ( 1 - 30%) ) / 1,200,000
= 0.59
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Related Questions
Who are the main participants in a business?
Answers
Answer:
its owners, employees, and customers
Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by age, is provided below.
Under 30
30 +
Yes
76
65
No
24
35
Answers
Question Continuation
The probability that a respondent read a book in the last month and is at least 30 years old is the closest to
A. 0.33
B. 0.88
C. 0.46
D. 0.12
See Attachment for complete question
Answer:
A. 0.33
Explanation:
To solve this question, we need the intersecting cell of Yes and 30+
\(n(Yes\ n\ 30+) = 65\)
The probability is then calculated as follows:
\(P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}\)
Where Total = 200
\(P(Yes\ n\ 30+) = \frac{65}{200}\)
\(P(Yes\ n\ 30+) = 0.325\)
From the list of given options; (A) is the closest to 0.325
Hence:
Option A answers the question
Paid for wages Rs. 2000 and for commission Rs. 3000. Journal entry for this?
Answers
Answer:
Wages A/c Dr.
To cash A/c
(being wages paid)
Commission A/c Dr
To cash A/c
(being comission paid)
Post-assessment
Question 2 of 10
Which of these is true about social signals?
Answers
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.
Will give 5 stars
Predesigned PowerPoint slides that include a combination of colors and fonts are called?
backgrounds
designs
themes
variants
Answers
Answer:
themes
Explanation:
mark me Brainliest please
Suppose you are the money manager of a $2 million investment fund. The fund consists of four stocks with the following investments and betas. Stock Investment Beta A $ 200 000 1.50 B $ 300 000 -0.50 C $ 500 000 1.25 D $1000 000 O.75
If the market required rate of returns is 28 and the risk-free is 12%:
Calculate:
i. Stock A required rate of return
ii. Stock B required rate of return
iii. Stock C required rate of return
iv. Stock D required rate of return
v. What is the Fund’s required rate of return?
Answers
Answer:
5 ms
Explanation:
define private equity funds.
Answers
Answer:
keeping it private and not letting anyone find. out about it or keepin it from people
Tax-Sheltered Returns. Ashley Travis, of Harrisburg, Illinois is in the 25 percent marginal tax bracket and is considering the tax consequences of investing $2,000 at the end of each year for 30 Years in a tax-sheltered retirement account, assuming that the investment earns 8 percent annually.
(A) How much will Ashley's account total over 30 years if growth in the investment remains sheltered from taxes?
(B) How much will the account total if the investments are not sheltered from taxes (Hint: Use Appendix A-3 or the Garman/Forgue companion website)
Answers
Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes, and the investments are not sheltered from taxes is $12,225.87.
To calculate the total amount in Ashley's account after 30 years if growth in the investment remains sheltered from taxes, we can use the formula for compound interest;
A = P × \((1+r)^{n}\)
Where; A = Total amount in the account after n years
P = Initial investment amount ($2,000)
r = Annual interest rate (8% or 0.08)
n = Number of years (30)
Plugging in the values, we get;
A = $2,000 × (1 + 0.08)³⁰
Now, we can calculate the value of A;
A = $2,000 × (1.08)³⁰ ≈ $19,570.09
So, Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes.
To calculate the total amount in Ashley's account after 30 years if the investments are not sheltered from taxes, we need to account for the taxes on the investment returns. Since Ashley is in the 25% marginal tax bracket, she will pay taxes on the investment returns at a rate of 25%.
Let's, calculate the annual compounded interest on the investment without considering taxes;
Annual interest without taxes = P × r
Annual interest without taxes = $2,000 × 0.08 = $160
Calculate the taxes on the annual interest at a rate of 25%:
Taxes on annual interest = Annual interest without taxes × Tax rate
Taxes on annual interest = $160 × 0.25 = $40
Therefore, Net annual interest = Annual interest without taxes - Taxes on annual interest
Net annual interest = $160 - $40 = $120
Calculate the total amount in the account after 30 years with taxes using the net annual interest;
Total amount with taxes =\((P+ Net annualinterest)^{n}\)
Total amount with taxes = ($2,000 + $120)³⁰
Using a calculator, we can calculate the value of the total amount with taxes;
Total amount with taxes = ($2,000 + $120)³⁰ ≈ $12,225.87
So, Ashley's account will total approximately $12,225.87 after 30 years if the investments are not sheltered from taxes.
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Which of the following is not an example of a project delivery artifact?
Answers
The weather is not an example of a project delivery artifact.
What is an artifact?An artifact is a human-made οbject that has cultural οr histοrical significance. The weather, οn the οther hand, is a natural phenοmenοn that is nοt created by humans. It includes elements such as temperature, precipitatiοn, wind, and atmοspheric pressure that οccur as a result οf natural prοcesses such as the water cycle, atmοspheric circulatiοn, and sοlar radiatiοn.
While the weather can have an impact οn human-made artifacts, such as causing erοsiοn οr damage, it is nοt itself an artifact. Examples οf artifacts include decοratiοns, dresses, and jewelry, which are all οbjects that are created by humans fοr cultural οr aesthetic purpοses.
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Complete question:
Which of the following is not an example of a project delivery artifact?
decorationthe weatherdressjewelryIn your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices
turnover.
point-of-sale.
rate of return.
return on interest.
Answers
If in your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: C. rate of return.
What is rate of return?Rate of return can be defined as the gain or loss a person make on their investment and the rate of return is in a form of percentage.
In a situation where a person who invest his/her money into a business make a profit of 110% of the amount the person invested after two to three years this is called a rate of return.
Therefore the correct option is C.
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What is the best way to prevent the transmission of Hepatitis B?
Vaccination
Avoidance of situations where the virus could be present
Improper disposal of sharps
None of the above, because Hepatitis B is not a communicable
disease
Answers
Answer:
A! But in addition to vaccination, there are other simple ways to help stop the spread of hepatitis B:
Wash your hands thoroughly with soap and water after any potential exposure to blood
Use condoms with sexual partners
Avoid direct contact with blood and bodily fluids
Clean up blood spills with a fresh diluted bleach solution (mix 1 part bleach with 9 parts water)
Cover all cuts carefully
Avoid sharing sharp items such as razors, nail clippers, toothbrushes, and earrings or body rings
Discard sanitary napkins and tampons into plastic bags
Avoid illegal street drugs (injecting, inhaling, snorting, or popping pills)
Make sure new, sterile needles are used for ear or body piercing, tattoos, and acupuncture
Explanation:
4. Matilda and Rene are also trying to forecast what their federal and state income taxes will
be for the end of the year. If Matilda and Rene had a negative cash flow of -$150.00 per
month from January through April, but a positive cash flow of $1,000.00 per month (after
expenses) from May through December, on what dollar amount will they determine their
income taxes? What expenses could be used for tax deductions? (15 points)
Answers
Answer:
what do you need help with...
Explanation:
When the time comes for a group of people eating together at a restaurant to pay their bill, sometimes they might agree to split the costs equally and other times will pay individually. If this decision were made in advance, would it affect what they order
Answers
Explanation:
When the time comes for a group of people eating together at a restaurant to pay their bill, sometimes they might agree to split the costs equally and other times will pay individually. If this decision were made in advance, would it affect what they order
List 6 mistakes that can be made during an interview.
Answers
Answer:
1.Appearing Disinterested
2.Answering a Call or Texting
3.Dressing Inappropriately
4.Talking Negatively About a Current or Previous Employer
5.Body Language
6.Being Vague
Explanation:
Hope this helps !
Poor interview preparation is a clear killer, and 75% of interviews end in failure because the applicant wasn't prepared for some of the questions asked or didn't know enough about the employer.
What are mistakes that can be made during an interview ?Failing to conduct research The biggest error all of our experts mentioned was showing up unprepared for an interview. This could be not doing your homework on the business, not giving the job enough consideration, or not knowing who you're meeting. However, it could also refer to not having a plan for your conversation.
Most applicants anticipate being questioned. When one person asks every question and the other person responds, an interrogation has taken place. In an interview, questions are posed and answered in the context of a business dialogue. applicants who anticipate unwilling interrogator.
Lack of planning. Some recruiting managers favour conducting interviews in a more "spontaneous" manner.
becoming very anxious.acting too carelessly.being very zealous.intimidating potential employees.Lying. accepting bias.Learn more about Interveiw here
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List six daily activities you perform. They might include preparing homework assignments, shopping and other activities. Ensure that three of the activities call for decision making that is unstructured(or semi-structured) and three involve structured decision making. Prepare a report explaining what decision making is required and why the decision making is unstructured or structured
Answers
Answer:
Work, School, Making dinner, Driving, Choosing music, Doing homework
Explanation:
According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%. $ b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
Answers
Answer:
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
$9,800b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
Dr FICA Social Security expense 6,600Dr FICA Medicare expense 1,650Dr Federal unemployment tax expense 200Dr State unemployment tax expense 1,350 Cr FICA Social Security payable 6,600 Cr FICA Medicare payable 1,650 Cr Federal unemployment tax payable 200 Cr State unemployment tax payable 1,350Explanation:
payroll taxes should be:
social security $110,000 x 6% = $6,600
Medicare $110,000 x 1.5% = $1,650
federal unemployment $25,000 x 0.8% = $200
state unemployment $25,000 x 5.4% = $1,350
total = $9,800
Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.
Best practices help inventory managers control their inventory. Which of the following is an inventory management best practice?
Review safety stock levels on an annual basis
Purchase high volumes of trendy items
Know your most productive inventory and buy more of it
Keep sales and operations separate from inventory management
Answers
Answer:
qwowjphpiopfhaf
Explanation:
ddd
Review safety stock levels on an annual basis. Thus the option A is correct.
What is inventory control ?The control over the inventory means the activity of checking a shop stop. It a process to ensure that you have the right amount of supply available within the business.
The inventory control also relates to the stock control. Other factors of inventory control include future forecasting and supply chain management. The production control and financial flexibility.
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explain five aspects that must be considered when setting up a business venture
Answers
Five factors that must be considered business venture in the identification of Your skills, Audit the market call for Your idea, check for Availability of assets, paintings on an economic Plan, and Be geared up to face Failure.
The business venture definition is a new business that is shaped by a plan and expectation that monetary gain will observe. regularly, this type of enterprise is called a small commercial enterprise, because it normally starts offevolved with a small number of economic resources.
A business venture is any entrepreneurial organization it is created to make money. sure, that encompasses lots of different things. something from eating places to multimillion-greenback Silicon Valley tech startups to even the lemonade stand run via your neighbor's child may be taken into consideration as a business challenge. project capital is a shape of personal equity financing this is furnished by means of assignment capital corporations or finances to startups, early-degree, and emerging organizations that have been deemed to have high increase ability or that have verified high growth.
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in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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What was the opening price of Dow Jones Industrial Average on May 16, 2017 in the format of XXXXX.XX?
Answers
The Opening price of the Dow Jones Industrial Average on May 16, 2017, in the format of XXXXX.XX was 20,984.48.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
So, Dow Jones was 20,984.48 on May 16, 2017.
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What are some of the reasons why domestic policies change overtime?
Answers
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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Assume that Kubin Company produced 29,250 units and expects to sell 28,900 of them. If a new customer unexpectedly emerges and expresses interest in buying the 350 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer?
Answers
The incremental selling and administrative cost per unit incurred to sell the additional 350 units to the new customer is $0.
To calculate the incremental selling and administrative cost per unit incurred to sell the additional 350 units, we need to consider the total selling and administrative costs associated with the production of the 29,250 units and divide it by the total number of units.
Let's assume that the total selling and administrative costs for producing and selling the 29,250 units amount to $X.
The incremental selling and administrative cost per unit can be calculated as follows:
Incremental Selling and Administrative Cost per Unit = (Total Selling and Administrative Costs for 29,250 units - Total Selling and Administrative Costs for 28,900 units) / 350
Since the company expects to sell 28,900 units, we can assume that the selling and administrative costs for these units have already been accounted for. Therefore, we only need to calculate the incremental cost for the additional 350 units.
Incremental Selling and Administrative Cost per Unit = ($X - $X) / 350 = $0 / 350 = $0
This implies that there are no additional costs associated with selling these units, as the selling and administrative costs have already been covered by the production of the initial batch of units.
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(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
Answers
The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to: always charge a low price.
What is a Payoff Matrix?Generally, In the field of game theory, a description of a game is referred to as normal form. In contrast to extended form, normal-form representations are not graphics in and of themselves; rather, they use matrices to depict the game in question.
The outcomes of the decisions made by players in a game may be represented using something called a reward matrix.
The structure of a game, such as whether players take in turns to do actions or if a player must make a decision without knowing what option the other player will make, is not conveyed by a payout matrix. Components that make into a payoff matrix.
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HR can foster a triple bottom approach through incentive plans that focus on achieving comprehensive results rather than solely on profit incentives.
a. True
b. False
Answers
Answer:
a. True
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
A triple bottom line (TBL) is a business management framework or model that comprises three (3) main components, which are; financial, environmental and social.
Human resources (HR) can enhance a triple bottom approach within an organization by establishing incentive plans that is typically focused on achieving comprehensive results rather than solely on profit incentives. Thus, it would foster the growth and development of an organization with respect to finance, environmental and social factors.
The following data about Atlantis Trading Inc. is available. What is Atlantis’s cash flow from operating activities?
Items Amount ($)
Net income
45,000
Increase in stock
5,000
Decrease in accounts receivables
2,000
Increase in salaries payable
10,000
A.
$54,000
B.
$51,000
C.
$53,000
D.
$52,000
Answers
Answer:
The correct option is D. $52,000.
Explanation:
Atlantis’s cash flow from operating activities can be calculated as follows:
Atlantis Trading Inc.
Calculation of Cash Flow from Operating Activities
Items Amount ($)
Net income 45,000
Adjustment to reconcile net income
(Increase) decrease in current assets:
Increase in stock (5,000)
Decrease in accounts receivables 2,000
Increase (decrease) in current liabilities:
Increase in salaries payable 10,000
Cash flow from operating activities (52,000)
The above implies that:
Cash flow from operating activities = Net income - Increase in stock + Decrease in accounts receivables + Increase in salaries payable = $45,000 - $5,000 + $2,000 + $10,000 = $52,000
Therefore, the correct option is D. $52,000.
Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00
Answers
how does creating a data table help you organize and communicate important aspects of your data
Answers
Answer:
A data table helps you organize structured data and allows sorting of the table by column or content. This table is ideal for nonchronological information such as majors lists, offices or department lists, or lists of links to documents.
Explanation:
Answer:
A table helps you recognize the relationships among data and evaluate the data more effectively. Tables can be organized in many different ways, depending on what relationships you wish to examine. Tables can be a first step toward more complex ways of organizing data, such as charts or graphs.
In business letters the salutation must address a position. a. True O b. Rarely OC. Always O d. False
Answers
Answer: True
Hope that helps!
You are buying a new Porsche Boxter, priced at $65,200. You will pay $4,700 now and the rest monthly, in a four-year loan. All rates are monthly compounded APRs. The automobile dealership is offering a sales promotion where either:
You will receive a $2,000 discount cheque now and the annual interest rate on the loan is 6.1%, or
The annual interest rate on the loan will be 1.2% but there is no discount.
Compare the two options by calculating the present value of each option, assuming the discount rate is 8%.
Answers
You are buying a new Porsche Boxter, priced at $65,200.--------------.
Total PV of option 1 is $55,211.85
Total PV of option 2 is$57,645.32
So, according to the calculation of present value with a discount rate of 8%, option 1 is the better option, with a total PV of $55,211.85 compared to option 2's total PV of $57,645.32.
What is price?Price is the amount of money or value that is assigned to a particular product, service, or commodity. It is the exchange value of a good or service in the market, representing the amount of money that a buyer is willing to pay to acquire it, and the amount of money that a seller is willing to accept in exchange for it.
Prices are determined by various factors, such as supply and demand, production costs, competition, market trends, and other economic and social factors.
In the above case, the price of the new Porsche Boxter is $65,200.
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