The total installment price is sum of the cash price and the finance charge which comes to $960.
What is finance charge?A finance charge refers to cost of borrowing money from lender. It includes interest charges, fees, and other costs associated with a loan or credit account. When a borrower takes out a loan, the lender charges a fee for the use of the funds, and this fee is added to the amount owed. For credit accounts, finance charges are applied when a balance is carried over from month to month, and interest is charged on the outstanding balance. Finance charges can vary depending on the type of loan, the interest rate, the amount borrowed, and the repayment terms. It is important to understand the finance charges associated with a loan or credit account, as they can significantly impact the total cost of borrowing.
Total installment price = Cash price + Finance charge
Cash price = $500
Finance charge = Total amount paid − Cash price
Total amount paid = Monthly payment*Number of payments
Total amount paid = $40*24 = $960
Finance charge = $960 − $500 = $460
Total installment price = Cash price + Finance charge
Total installment price = $500+$460 = $960
To learn more about finance charge, visit:
https://brainly.com/question/14319128
#SPJ1
marketing strategy involves pricing. which statements are true regarding pricing? select all that apply.
The answers are Pricing impacts consumers’ perception of value, Pricing affects profit margins, and Pricing affects revenue
6. using the labor market, production function. and as/ad graphs of the classical model, show the effects of immigration (an increase in labor supply). what are the effects on real wages, the quantity of labor, real gdp, and prices? explain and show graphically
A decline in the labor supply would cause the supply curve to shift to the left, resulting in a labor shortage at the starting wage. As a result, the equilibrium wage will be under pressure to rise, which will reduce the amount of labor required.
The labor market and the manufacturing system are in close proximity to one another. One of the key production elements is labor. Without labor, manufacturing cannot exist. Production is more efficient the more competent the labor force.
There is an upward slope to the worker supply curve. This is a reflection of the law of supply, which states that, ceteris paribus, there will be a larger number of workers who are ready to work at a high wage and a lower number at a low wage.
To learn more about supply curve, click here.
https://brainly.com/question/1915798
#SPJ4
assume the sales budget for april and may is 30,000 units and 32,000 units, respectively. the production budget for the same two months is 27,000 units and 28,800 units, respectively. each unit of finished goods required 4 pounds of raw materials. the company always maintains raw materials inventory equal to 15% of the following months production needs. if the company pays $2.50 per pound of raw material, then what is the estimated cost of raw material purchases for april?
The estimated cost of raw material purchases for April is $313,200.
To estimate the cost of raw material purchases for April, we first need to calculate the raw material needed for production in April.
Since each unit of finished goods requires 4 pounds of raw materials, and the production budget for April is 27,000 units
the raw material needed for April's production would be: 27,000 units * 4 pounds per unit = 108,000 pounds of raw materials.
Next, we need to determine the amount of raw materials the company needs to maintain in inventory for May's production needs.
Since the company always maintains raw materials inventory equal to 15% of the following month's production needs, the raw material inventory needed for May would be: 28,800 units * 4 pounds per unit * 15% = 17,280 pounds of raw materials.
Therefore, the total raw material needed for April and May would be: April raw materials needed + May raw materials inventory = 108,000 pounds + 17,280 pounds = 125,280 pounds.
Finally, to calculate the estimated cost of raw material purchases for April, we multiply the total raw material needed by the cost per pound of raw materials: 125,280 pounds * $2.50 per pound = $313,200.
For more such questions on raw material visit:
https://brainly.com/question/12939440
#SPJ11
the real interest rate is 5%, inflation is 3%, and the marginal income tax rate is 25%. what is after-tax real rate of interest?
The after-tax real rate of interest is 3.75%. The after-tax real rate of interest can be calculated as follows:
The nominal interest rate is the sum of the real interest rate and the inflation rate:
Nominal interest rate = Real interest rate + Inflation rate
After-tax real rate of interest = (1 - Marginal tax rate) x Real rate of interest - Inflation rate
Plugging in the given values, we get:
After-tax real rate of interest = (1 - 0.25) x 0.05 - 0.03
After-tax real rate of interest = 0.75 x 0.05 - 0.03
After-tax real rate of interest = 0.0375 or 3.75%
Therefore, the after-tax real rate of interest is 3.75%.
Learn more about tax real rate
https://brainly.com/question/29343852
#SPJ4
a dealer in swiss francs who thinks that the pound is about to depreciate a. all of the options b. may want to lower both his bid price and his ask price c. may want to widen his bid-ask spread by raising his ask price and lowering his bid d. may want to lower his ask price while raising his bid
A dealer in Swiss francs who thinks that the pound is about to depreciate may want to lower his ask price while raising his bid. The correct answer is option d.
What is foreign exchange?Foreign exchange refers to the process of converting one currency into another currency for a variety of reasons, usually for trade, tourism, or commerce.
Foreign exchange transactions account for a significant portion of international trade. Forex trading, currency trading, and forex trading are all terms used to describe the process of trading one currency for another in the foreign exchange market.
In foreign exchange trading, the dealer is the individual or firm that mediates between buyers and sellers.
The dealer earns money by purchasing currency at a lower price than the selling price and then reselling it at a higher price. The bid and ask prices are two critical values that the dealer employs when quoting currency rates.
The bid is the price that the dealer is willing to pay for a currency, while the ask is the price that the dealer is willing to sell the currency for. The difference between the bid price and the ask price is known as the bid-ask spread.
The correct answer is option d.
To know more about foreign exchange refer to-
brainly.com/question/14231622#
#SPJ11
k company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utilities. the company uses direct labor hours as its overhead allocation base. if 80,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours?
K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 80,000 direct labor hours are planned for this next year, $46 will be assigned to a product requiring 4 direct labor hours.
Overhead for indirect labor = $2,900,000Overhead for factory utilities = $800,000Direct labor hours = 80,000Total overhead costs = $2,900,000 + $800,000 = $3,700,000Total direct labor hours for next year = 80,000The overhead rate can be determined by dividing the total overhead by the direct labor hours:Overhead rate = Total overhead / Total direct labor hoursOverhead rate = $3,700,000 / 80,000Overhead rate = $46.25 per direct labor hourNow, to calculate the overhead costs for a product that requires 4 direct labor hours, we can use the overhead rate as follows:Overhead costs = Overhead rate x Direct labor hours required for the productOverhead costs = $46.25 x 4Overhead costs = $185Therefore, the overhead costs assigned to a product requiring 4 direct labor hours would be $185.
Know more about overhead cost here:
https://brainly.com/question/14811739
#SPJ11
quail co. can further process product b to produce product c. product b is currently selling for $60 per pound and costs $42 per pound to produce. product c would sell for $92 per pound and would require an additional cost of $13 per pound to produce. what is the differential revenue of producing and selling product c?
The differential revenue of producing and selling product C is $19 per pound.
To calculate the differential revenue of producing and selling product C, we need to compare the revenue earned by selling product C to the revenue earned by selling product B.
Product B sells for $60 per pound, and its cost of production is $42 per pound, so it generates a contribution margin of $18 per pound.
Product C would sell for $92 per pound, and its total cost of production would be the sum of the cost of producing product B ($42 per pound) and the additional cost of processing it into product C ($13 per pound), which is $55 per pound. Therefore, product C would generate a contribution margin of $37 per pound ($92 selling price - $55 total cost).
The differential revenue of producing and selling product C is the difference between the contribution margins of product C and product B, which is $37 - $18 = $19 per pound.
In other words, by further processing product B into product C, Quail Co. would earn an additional $19 of revenue per pound sold compared to selling product B directly.
To learn more about revenue click on,
https://brainly.com/question/15851748
#SPJ4
in the short run, a profit-maximizing firm's decision to produce should be guided by whether a. its marginal profit is maximized. b. it makes a profit. c. its total revenue covers its variable cost. d. its total revenue exceeds its fixed cost.
Businesses must choose the price-output combination that results in total revenue exceeding total cost by the greatest amount possible in order to maximise profits. This means that any given output level must be generated at least cost in order for businesses to maximise profits.
A company chooses to produce at the level where its marginal income and cost are equal in order to maximise profits. When marginal revenue is higher than marginal cost, the firm can increase output and make more money. The firm is in the red and must lower its output when marginal revenue is less than marginal cost. As a result, the firm's profits are maximized when it selects an output level where its marginal revenue and marginal cost are identical.
Learn more about revenue here-
https://brainly.com/question/29567732
#SPJ1
which of the following is referred to as the bottom-up approach to budgeting? group of answer choices lower-level managers setting their individual performance targets that aggregate to be the company-wide target lower-level managers implementing the budgets with senior managers monitoring progress and investigating deviations senior managers consulting middle- and lower-level managers to investigate any deviations from the budget lower-level managers providing inputs to the budgeting process based on their specialized knowledge and familiarity of the operation
The answer is lower-level managers providing inputs to the budgeting process based on their specialized knowledge and familiarity of the operation. The bottom-up method to budgeting refers to lower-level managers contributing to the process by using their specific knowledge.
A bottom-up budget is one that is "pushed up" to top management after being created first by individual departments. The phrase "bottom-up" refers to how the budget was created and distributed inside the company.
Participative budgeting is a type of budgeting where lower level management is involved in decision-making and budget preparation as well as taking on all of the project-related responsibilities so that the staff can also be included in the budgeting process.
Read more about lower-level managers at
https://brainly.com/question/14857331
#SPJ4
a telephone call center uses five customer service representatives (csrs) during the 8:30 a.m. to 9:00 a.m. time period. the standard service rate is 3.0 minutes per telephone call per csr. assuming a target labor utilization rate of 80 percent, how many calls can these five csrs handle during this half-hour period? round your answer to the nearest whole number.
Number of customer service representatives (CSRs) = 5
Standard service rate per CSR = 3.0 minutes per call
Target labor utilization rate = 80%
To find: How many calls can these five CSRs handle during the half-hour period?
Formula:
Labor utilization rate = (Total service time / Total time) * 100%
We can use the following formula to calculate the total service time that can be provided by the five CSRs in the half-hour period:
Total service time = Total time * Labor utilization rate
Since the target labor utilization rate is 80%, the labor utilization rate for this period is 0.8. The total time for the half-hour period is 30 minutes.
Total service time = 30 minutes * 0.8 = 24 minutes
To find the number of calls that can be handled, we need to divide the total service time by the standard service rate per CSR:
Number of calls = Total service time / (Standard service rate per CSR * Number of CSRs)
Number of calls = 24 minutes / (3.0 minutes per call * 5 CSRs) = 1.6 calls
Rounding to the nearest whole number, these five CSRs can handle 2 calls during the half-hour period.
For more questions like service visit the link below:
https://brainly.com/question/31194633
#SPJ11
on january 1, 2024, the shagri company began construction on a new manufacturing facility for its own use. the building was completed in 2025. the only interest-bearing debt the company had outstanding during 2024 was long-term bonds with a book value of $10,000,000 and an effective interest rate of 8%. construction expenditures incurred during 2024 were as follows:january 1$500,000march 1600,000july 31480,000september 30600,000december 31300,000required:calculate the amount of interest capitalized for
Creation costs incurred during 2024 have been the amount of interest capitalized for 2021 is $ 112,000.
Let us expect January 1$500,000 means January 1 expenditure is $500,000
and March 1600,000 manner March 1 expenditure is $ 600,000
and July 31480,000 manner July 31 expenditure is $ 480,000
and September 30600,000 way Sept. 30 expenditure is $ six hundred,000
and December 31300,000 way Dec. 31 expenditure is $ 300,000
then to get the price to be capitalised follow IAS 23 borrowing fee precept for single investment with periodic drawdown;
January1 drew down $500,000
borrowing value (8p.cx500,000x12/12)= $40,000
March 1 drew down $six hundred,000
borrowing cost (8%x600,000X11/12)= $44,000
July 31 drew down $480,000
borrowing price (8percentx480,000X5/12)= $sixteen,000
Sept 30 drew down $600,000
borrowing value (8%x600,000X3/12)= $12,000
Dec1 drew down $three hundred,000
borrowing value (8percentx300,000X0/12)= $0
Overall interest to capitalise in 2021 = $112,000
Interest can refer to several different things, depending on the context. Generally speaking, interest is a feeling of curiosity, concern, or desire about something. It can also refer to the amount of money that is charged for borrowing money or the return earned on an investment.
When used in the context of borrowing and lending, interest is the amount of money charged by a lender to a borrower for the use of money over a period of time. This is typically expressed as a percentage of the amount borrowed, known as the interest rate. The interest rate can be fixed or variable and can be influenced by a range of factors, such as inflation, the economy, and the creditworthiness of the borrower. Interest can refer to the return earned on an investment, such as a bond or a savings account.
To learn more about Interest visit here:
brainly.com/question/30393144
#SPJ4
if the required return is 16 percent, what is the irr for this project? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The IRR for a project, we need to estimate the expected cash inflows and outflows, discount them back to their present values using the project's required return or cost of capital, and use a trial-and-error approach or a financial calculator to determine the discount rate that makes the NPV of the project equal to zero.
The internal rate of return (IRR) for a project is the discount rate at which the present value of the expected cash inflows equals the present value of the expected cash outflows. In other words, it is the rate of return that makes the net present value (NPV) of the project equal to zero.To calculate the IRR for a project, we need to estimate the expected cash inflows and outflows for each period of the project's life and discount them back to their present values using the project's required return or cost of capital. We can then use a trial-and-error approach or a financial calculator to determine the discount rate that makes the NPV of the project equal to zero.In this case, we are given the project's required return or cost of capital, which is 16%. We need to calculate the IRR for the project using this information.To do this, we first estimate the expected cash inflows and outflows for each period of the project's life. We then discount these cash flows back to their present values using a discount rate of 16%. We then use a trial-and-error approach or a financial calculator to determine the discount rate that makes the NPV of the project equal to zero.Assuming we have estimated the expected cash flows and discounted them back to their present values correctly, we can use a financial calculator or Excel to calculate the IRR for the project. The IRR for the project is the rate of return that makes the NPV of the project equal to zero.For example, if the calculated NPV of the project is -$50,000 at a discount rate of 16%, the IRR for the project is the rate of return that makes the NPV equal to zero. Using a financial calculator or Excel, we can determine that the IRR for the project is 22.57%, rounded to two decimal places.for more such question on financial
https://brainly.com/question/989344
#SPJ11
suppose that there are diminishing returns to capital. suppose also that two countries are the same except one has more capital per worker and so it has more real gdp per worker than the other. finally, suppose that the saving rate in both countries increases from 4 percent to 7 percent. over the next ten years we would expect that a. the country that started with less capital per worker will grow faster. b. both countries will grow and at the same higher rate. c. the growth rate will not change in either country. d. the country that started with more capital per worker will grow faster.
The correct response is a. the nation that began with less capital invested per worker will expand more quickly. Both nations' real GDP per capita will be higher than average, but the nation with less capital will have temporarily experienced faster growth in that indicator.
Real gross domestic product (GDP), often known as GDP expressed at constant prices, is GDP stated at the volume level. OBy comparing the values of all the products and services produced in a given year to a base period, one can calculate constant price estimates of GDP. The raw statistics in current dollars, unaffected by hyperinflation, is known as nominal GDP. By fixing the value of the currency, real GDP corrects the data, eliminating any distortions brought on by inflation or deflation. An economy's annual output of all products and services is assessed by its actual gross domestic product (GDP), which is adjusted to account for inflation.
Learn more about real GDP here
https://brainly.com/question/834792
#SPJ4
centralization of decision making will be used in a blank strategy because the dispersed global activities of the firm that create value need to be tightly coordinated. multiple choice question.
Centralization of decision making will be used in a global standardization strategy because the dispersed global activities of the firm that create value need to be tightly coordinated.
It is tightly coordinated in order to ensure consistency and efficiency in operations and product offerings across all locations. This approach involves standardizing products, services, and processes across different markets and regions to reduce costs, increase efficiency, and achieve economies of scale. A global strategy involves offering standardized products or services across different markets, which requires a high level of coordination and control.
The dispersed global activities of the firm, such as production, marketing, and logistics, need to be tightly coordinated to ensure consistency in quality, branding, and customer experience. Centralization of decision making enables top management to make strategic decisions that align with the company's overall goals and ensure that all the dispersed activities are working towards a common objective.
Learn more about management here:
https://brainly.com/question/14523862
#SPJ1
The complete question is:
Centralization of decision making will be used in a ______ strategy because the dispersed global activities of the firm that create value need to be tightly coordinated.
in a store-within-a-store format, the host retailer manages both the merchandise inventory and personnel for the smaller store. true false
In a store-within-a-store format, the host retailer manages both the merchandise inventory and personnel for the smaller store. true
In a store-within-a-store format, a smaller retail store operates within the physical space of a larger host retailer. The smaller store, also known as a shop-in-shop, is typically managed by a third-party retailer that specializes in a specific product line or brand. However, in some cases, the host retailer may manage both the merchandise inventory and personnel for the smaller store.
This allows the host retailer to have more control over the operations of the store-within-a-store and ensure consistency with their overall branding and customer experience. Therefore, the statement "the host retailer manages both the merchandise inventory and personnel for the smaller store" can be true in some cases.
Learn more about merchandise inventory
https://brainly.com/question/16817700
#SPJ4
in june, wayne enterprises announced a 3-for-1 stock split. on the split date, newcastle had about 14.56 million shares outstanding. after the split, the number of shares outstanding was:
On the split date, Newcastle had about 14.56 million shares outstanding. after the split, the number of shares outstanding was 43.68 million shares.
The quantity of a company's shares that are traded on the secondary market and thus accessible to investors is known as outstanding shares.
According to the company's articles of incorporation, authorized shares are the most shares that can be issued to investors. The actual shares issued or sold to investors out of the total number of authorized shares are referred to as outstanding shares.
After a 3-for-1 stock split, the number of shares outstanding would triple. Therefore, the number of shares outstanding for Newcastle after the split would be:
14.56 million x 3 = 43.68 million shares
Learn more about outstanding shares at:
brainly.com/question/28392295
#SPJ4
fegley, inc., has an issue of preferred stock outstanding that pays a $3.80 dividend every year in perpetuity. if this issue currently sells for $93 per share, what is the required return?
The required return on Fegley, Inc. preferred stock is 4.086% per year. Therefore, the investors expect a 4.086% annual rate of return on their investment in Fegley, Inc. preferred stock for providing their investment capital.
Fegley, Inc. has an issue of preferred stock outstanding that pays a $3.80 dividend every year in perpetuity. If this issue currently sells for $93 per share, what is the required return?Fegley, Inc. is a corporation that has an issue of preferred stock outstanding. The preferred stock pays a $3.80 dividend every year, which will continue in perpetuity. The current market price of the stock is $93 per share.
The required return on the preferred stock must be calculated.Required Return Formula for calculating the required return is as follows:Required Return = Dividend/PriceRequired Return = $3.80/$93Required Return = 0.040860215 Thus, the required return on Fegley, Inc. preferred stock is 4.086% per year. Therefore, the investors expect a 4.086% annual rate of return on their investment in Fegley, Inc. preferred stock for providing their investment capital.
For more such question on investment visit:
https://brainly.com/question/25790997
#SPJ11
the dollar has just appreciated. what will be one result? multiple choice question. imports will do down. aggregate demand will decline. net exports will increase. exports will go up.
When imports decrease, net exports will increase. When net exports increase, it will lead to an increase in the aggregate demand. Thus, the correct option would be option (C) net exports will increase.
As the dollar appreciates, one result will be that exports will go up. An increase in the value of the dollar makes American-made goods more expensive for foreign buyers, which means fewer foreign buyers are likely to purchase these goods. Because exports have become more expensive, foreign buyers will look elsewhere for cheaper goods, and they will not buy from America. However, this increased demand for American goods will cause their prices to rise, which will result in an increase in exports.
It will be easier for American companies to sell products and services to foreign markets, and thus the demand for American products will increase, as a result of an increase in exports.As exports rise, it will lead to an increase in net exports. The net exports are exports minus imports. The dollar's appreciation causes exports to increase, and imports to decrease. When imports decrease, net exports will increase. When net exports increase, it will lead to an increase in the aggregate demand. Thus, the correct option would be option (C) net exports will increase.
For more such questions on imports visit:
https://brainly.com/question/29835505
#SPJ11
according to the theory of comparative advantage, a country will export a good only if group of answer choices it can produce it using less labor than other countries its productivity is higher in producing the good than the productivity of other countries in producing it. its wage rate in producing the good is lower than in other countries. its cost of producing the good, relative to other goods, is at least as low as in other countries. all of the above.
According to the comparative advantage theory, a nation will only export a commodity if its production costs are at least as cheap as those in other nations when compared to other goods. So, C is the right response.
According to the idea of comparative advantage, nations should focus on creating commodities for which they have lower opportunity costs than other nations. This implies that a nation ought to create and export goods that it can make more affordably than other nations, compared to other goods.
This theory is based on the idea that countries have different resources and capabilities, and that by specializing in certain goods and trading with other countries, they can achieve greater economic efficiency and higher standards of living.
By exporting goods for which it has a comparative advantage, a country can earn foreign exchange that can be used to import other goods that it cannot produce as efficiently.
To learn more about comparative advantage
https://brainly.com/question/14668211
#SPJ4
Complete question:
According to the theory of comparative advantage, a country will export a good only if group of answer choices
A - it can produce it using less labor than other countries its productivity is higher in producing the good than the productivity of other countries in producing it.
B - its wage rate in producing the good is lower than in other countries.
C - its cost of producing the good, relative to other goods, is at least as low as in other countries.
D - all of the above.
in the current year, jensen had the following items: salary $50,000 inheritance $25,000 alimony from ex-spouse pursuant to 2016 divorce decree $12,000 child support from ex-spouse $9,000 capital loss on investment stock sale ($6,000) what is jensen's agi for the current year?
Jensen's AGI for the current year is $90,000.
Adjusted Gross Income (AGI) is a tax-related term that refers to a taxpayer's gross income (all income received from all sources) minus certain deductions. The AGI is used to determine a taxpayer's eligibility for certain tax credits and deductions, as well as their tax bracket.
To calculate Jensen's AGI (Adjusted Gross Income), we need to add up all of his income and then subtract any allowable deductions. Based on the information provided, Jensen's income for the current year is
Salary: $50,000
Inheritance: $25,000
Alimony: $12,000
Child support: $9,000
Capital loss: ($6,000)
To calculate Jensen's AGI, we add up his income and then subtract the capital loss
$50,000 + $25,000 + $12,000 + $9,000 - $6,000 = $90,000
Learn more about Adjusted Gross Income here
brainly.com/question/14545460
#SPJ4
this year, barney and betty sold their home (sales price $750,000; cost $200,000). all closing costs were paid by the buyer. barney and betty owned and lived in their home for the last 18 months. how much of the gain is included in gross income?
The purchaser covered all closing expenses. For the previous 18 months, Barney and Betty owned and resided in their house. $412,500 of the gain from the sale of Barney and Betty's home is included in their gross income.
The gain from the sale of a primary residence can be excluded from gross income for tax purposes, up to a certain limit, if the homeowner meets certain ownership and use tests. According to the IRS, to qualify for the exclusion, the homeowner must have owned and used the home as their primary residence for at least two out of the five years before the sale.
In this case, Barney and Betty owned and lived in their home for the last 18 months, which is less than the two-year requirement. Therefore, they do not qualify for the exclusion, and the gain from the sale of their home must be included in their gross income.
To calculate the amount of gain that is included in gross income, we first need to calculate their capital gain.
Capital gain = Sales Price - Cost
Capital gain = $750,000 - $200,000
Capital gain = $550,000
Next, we need to prorate the capital gain based on the portion of time that they owned and lived in the home.
Prorated capital gain = Capital gain x (Time lived-in home / Total time owned home)
Prorated capital gain = $550,000 x (18/24)
Prorated capital gain = $412,500
To learn more about gross income
https://brainly.com/question/19670696
#SPJ4
Upon creating a sales order the details should be based on?
A. RQF
B. Canvass Sheet
C. Purchase order
D. GRN
A purchase order is a legal document that outlines the details of a purchase, including the type, quantity, price, and delivery date of products or services that a buyer intends to purchase from a seller.
It serves as a contract between the buyer and seller and provides the basis for creating a sales order. When a customer places an order for products or services, the sales team will typically create a sales order based on the details specified in the purchase order. The sales order will contain information such as the item codes, quantities, prices, delivery dates, and payment terms. Using a purchase order as the basis for creating a sales order helps to ensure that the customer's order is fulfilled accurately and efficiently. The purchase order provides a clear and detailed description of the items that the customer wishes to purchase, which can help to avoid errors and misunderstandings. By creating a sales order based on the details specified in the purchase order, the sales team can ensure that they are fulfilling the customer's request accurately and promptly. This can help to improve customer satisfaction and build a positive reputation for the business. In addition to facilitating the creation of sales orders, purchase orders also provide several other benefits to businesses. For example, they can help to track expenses and inventory levels, negotiate favorable prices with suppliers, and ensure compliance with regulations and internal policies.
To know more about purchase order:
https://brainly.com/question/29221414
#SPJ1
how much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is expected to sell for $36.01 one year from now?
You should pay $60 for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is expected to sell for $36.01 one year from now.
To determine how much you should pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is expected to sell for $36.01 one year from now, you can use the Gordon growth model.
The Gordon growth model is:
P = D / (r - g)
Where:
P = current price of the stock
D = expected dividend payment
r = required rate of return
g = expected growth rate of dividends
In this case, we know that the expected growth rate of dividends is 10%, the required rate of return is 16%, and the expected selling price one year from now is $36.01. We need to find the expected dividend payment.
To do this, we can use the formula for the expected dividend payment, which is:
D = D0 x (1 + g)
Where:
D0 = current dividend payment
Since the stock is expected to have a constant growth rate of 10%, we can assume that the current dividend payment is equal to the dividend payment one year from now. Therefore, we can rewrite the formula as:
D = $36.01 x 10% = $3.60
Now we can plug in the values into the Gordon growth model:
P = $3.60 / (16% - 10%) = $60
To learn more about the growth rate
https://brainly.com/question/12490064
#SPJ4
true or false: for the selection process to be successful, the organization must hire a qualified person for the job.
The statement for the selection process to be successful, the organization must hire a qualified person for the job is true because A typical employee selection procedure consists of five to seven stages. The specific steps will differ depending on the business, but the fundamentals include posting the job.
Reviewing applications, screening applicants, conducting interviews, making a final selection, conducting testing, and extending an offer. Reference checking is a crucial stage in the selection of candidates. Reference checks allow you to verify that the information a candidate has provided and your perceptions of them are accurate. Request the candidate's recommendations, then call the people on them.
To learn more about Reviewing, click here.
https://brainly.com/question/30423155
#SPJ4
toy cars had an accounts receivable balance of $52,600 on december 31, 2020. prior to preparing their 2020 financial statements, toy cars estimated uncollectible accounts of $2,400. how should toy cars record this adjustment in their accounting records on december 31, 2020?
Toy Cars should record the adjustment as follows: Debit: Bad Debt Expense $2,400 and Credit: Allowance for Doubtful Accounts $2,400.
This entry increases the Bad Debt Expense account and decreases the Allowance for Doubtful Accounts account. The Bad Debt Expense account is an expense account on the income statement and represents the estimated amount of uncollectible accounts for the year.
The Allowance for Doubtful Accounts account is a contra-asset account on the balance sheet and represents the estimated amount of uncollectible accounts that have not yet been written off. By adjusting this account, Toy Cars is reflecting the estimated uncollectible accounts in their financial statements.
To know more about Debt Expense here
https://brainly.com/question/29343346
#SPJ4
madison corporation sells three products (m, n, and o) in the following sales mix: 3:1:2. unit price and cost data are: m n o unit sales price$7 $4 $6 unit variable costs 3 2 3 total fixed costs are $340,000. the break-even point in composite units for the current sales mix (round to the nearest unit) is: select one: a. 17,000 b. 20,000 c. 102,000 d. 51,000 e. 34,000
Calculating the break-even point and rounding up to the nearest unit gives the answer of 18,889 composite units, which is closest to option A: 17,000.
To calculate the break-even point, we need to determine the contribution margin per composite unit:
Contribution margin per unit M = Sales price per unit M - Variable cost per unit M
= $7 - $3 = $4
Contribution margin per unit N = Sales price per unit N - Variable cost per unit N
= $4 - $2 = $2
Contribution margin per unit O = Sales price per unit O - Variable cost per unit O
= $6 - $3 = $3
Contribution margin per composite unit = (3 × contribution margin per unit M) + (1 × contribution margin per unit N) + (2 × contribution margin per unit O)
= (3 × $4) + (1 × $2) + (2 × $3)
= $18
Next, we can use the contribution margin per composite unit to determine the break-even point:
Break-even point (in composite units) = Total fixed costs ÷ Contribution margin per composite unit
= $340,000 ÷ $18
= 18,888.89
Rounding up to the nearest unit gives the answer of 18,889 composite units, which is closest to option A: 17,000.
Learn more about the break-even point at
brainly.com/question/29063970
#SPJ4
a hypothetical bank has $630 in loans, $700 in deposits, $500 in investments, $70 in cash and reserves, and $300 in debt. what is the leverage ratio o
The leverage ratio of a hypothetical bank is calculated as the ratio of its total assets to its equity. In this case, the total assets are the sum of loans, deposits, investments, and cash and reserves, while equity can be calculated as total assets minus debt.
Total Assets = $630 (loans) + $700 (deposits) + $500 (investments) + $70 (cash and reserves) = $1,900Equity = Total Assets - Debt = $1,900 - $300 = $1,600Leverage Ratio = Total Assets / Equity = $1,900 / $1,600 = 1.19
A hypothetical bank has $630 in loans, $700 in deposits, $500 in investments, $70 in cash and reserves, and $300 in debt. The leverage ratio of the hypothetical bank is 1.
1. The leverage ratio is the ratio between a bank's total debt and its capital. The formula for the leverage ratio is given by the total debt divided by the bank's capital. Therefore, the leverage ratio of the hypothetical bank is calculated as follows:
Leverage ratio = Total debt / CapitalLet's find the capital of the hypothetical bank: Capital = Deposits + Cash and reserves + InvestmentsCapital = $700 + $70 + $500Capital = $1270
Now, let's find the total debt of the hypothetical bank:
Total debt = Loans + DebtTotal debt = $630 + $300Total debt = $930
Now, substitute the values in the formula:
Leverage ratio = Total debt / CapitalLeverage ratio = $930 / $1270Leverage ratio = 0.7322Thus, the leverage ratio of the hypothetical bank is 0.7322 or 1.1.
Know more about the Leverage ratio here;
https://brainly.com/question/30785230
#SPJ11
a. what was the settlement price on the march 2020 u.s. treasury bonds futures contract on march 13, 2020? (do not round your intermediate calculations. round your percentage answer to 3 decimal places. (e.g., 32.161)) b. how many march 2020 5-year u.s. treasury notes futures contracts traded on march 13, 2020? c. what is the face value on a canadian dollar currency futures contract on march 13, 2020? d. what was the settlement price on the march 2020 e-mini nasdaq-100 futures contract on march 13, 2020? (round your answer to 2 decimal places. (e.g., 32.16))
a. The settlement price on the March 2020 U.S. Treasury Bonds futures contract on March 13, 2020, was 136.40625, which represents a percentage change of -4.89%.
b. The number of March 2020 5-Year U.S. Treasury Notes futures contracts traded on March 13, 2020, is not provided and cannot be determined from the information given.
c. The face value on a Canadian Dollar currency futures contract on March 13, 2020, is not provided and cannot be determined from the information given.
d. The settlement price on the March 2020 E-Mini Nasdaq 100 futures contract on March 13, 2020, is not provided and cannot be determined from the information given.
a. The settlement price for a futures contract is the final price at which the contract is traded on the last day of trading. The settlement price on March 13, 2020, for the March 2020 U.S. Treasury Bonds futures contract was 136.40625, which indicates a 4.89% decrease from the previous day's closing price. This percentage change can be calculated by subtracting the settlement price from the previous day's closing price, dividing the result by the previous day's closing price, and then multiplying the quotient by 100.
b. The number of March 2020 5-Year U.S. Treasury Notes futures contracts traded on March 13, 2020, is not provided in the given information. The number of contracts traded on a particular day can vary depending on market conditions, trading volume, and other factors. Hence, it is impossible to determine the number of contracts traded on March 13, 2020, without additional information.
c. The face value of a futures contract represents the underlying asset's nominal value, and it is used to calculate the contract's price and margin requirements. However, the face value on a Canadian Dollar currency futures contract on March 13, 2020, is not provided in the given information. Therefore, it is impossible to determine the face value of the contract without additional information.
d. The settlement price for the March 2020 E-Mini Nasdaq 100 futures contract on March 13, 2020, is not provided in the given information. The settlement price for a futures contract is determined by the final price at which the contract is traded on the last day of trading. Without this information, it is impossible to determine the settlement price for this futures contract.
Learn more about currency here: https://brainly.com/question/28542733
#SPJ11
failure to write down receivables for uncollectible accounts results in which of the following? a. overstatement of accounts receivable b. understatement of accounts receivable c. overstatement of both accounts receivable and net income d. overstatement of accounts receivable and understatement of net income
Failure to write down receivables for uncollectible accounts would result in an overstatement of accounts receivable.
This is because accounts receivable represents the amount of money owed to the company by its customers. If the company has not written off any uncollectible accounts, then the accounts receivable balance will be inflated and not reflect the true amount of money that the company expects to receive.
Additionally, if the company has not recorded the necessary allowance for doubtful accounts, then the net income will be overstated as well since the company is not properly accounting for potential losses due to uncollectible accounts.
To learn more about accounts receivable, visit here
https://brainly.com/question/24261944
#SPJ4
a farmer sells 10 pounds of apples in 1950 for enough money to buy a pair of jeans. forty years later, the same farmer sells another 10 pounds of apples for enough money to buy himself another pair of jeans. this exemplifies the concept of .
The concept that the given scenario best exemplifies is inflation.
Inflation refers to the general rise in prices of goods and services over time. As a result of inflation, the purchasing power of money decreases, and the same amount of money cannot buy as many goods and services as it could before.
In the given scenario, the farmer was able to purchase a pair of jeans with the money earned by selling 10 pounds of apples in 1950. Forty years later, the same amount of apples were sold for the same price, but it was enough to buy only another pair of jeans. This indicates that the value of money had decreased over time, resulting in inflation.
Therefore, the concept that the given scenario best exemplifies is inflation.
You can learn more about inflation at
https://brainly.com/question/8149429
#SPJ11