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Bas_tet [7]
1 year ago
15

Melissa is a salaried employee who earns roughly the same amount in every paycheck. Why would it be a great idea for her to set

up an automatic transfer every pay period into her savings account
Business
1 answer:
babymother [125]1 year ago
3 0

It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.

<h3>What is an automatic transfer?</h3>

An automatic transfer refers to an arrangement whereby a preset transfers is done from customer's account on a regular basis to another accounting.

In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.

Read more about automatic transfer

<em>brainly.com/question/24179665</em>

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Sugar City issued $2 million of bonds to fund the construction of a new city office building. The bonds have a stated rate of in
love history [14]

Answer:

C) Debit Cash $2.02 million; Credit Other financing sources $2.02 million

Explanation:

<u>A private firm will reocrd as follow:</u>

As the bonds are sold at a higher price than their face value we recognize a premium which will be amortized over the life of the bond.

<u><em>But in this case, we are doing a public accounting thus,</em></u> we must record the cash received and credit other financing sources for the whole amount funded.

3 0
3 years ago
Two years​ back, the Republic of​ Terbia, a developed​ economy, experienced a massive boom in the information technology​ (IT) i
lubasha [3.4K]

Answer:

D. Consumers in Terbia are confident that the economy will turn around in the near future.

Explanation:

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4 0
3 years ago
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five
andrey2020 [161]

Answer:

1. Calculate the payback period for each product.

  • A = 2.71 years, A is preferred
  • B = 2.8 years

2. Calculate the net present value for each product.

  • A = $60,349
  • B = $83,001, B is preferred

3. Calculate the internal rate of return for each product.

  • A = 25%, A is preferred
  • B = 23%

4. Calculate the project profitability index for each product.

  • A = 121%, A is preferred
  • B = 117%

5. Calculate the simple rate of return for each product.

  • A = 184%, A is ´preferred
  • B = 179%

6B. Based on the simple rate of return, Lou Barlow would likely:

  • 1. Accept Product A, since its IRR is 25% which exceeds the company's  minimum ROI (23%)

Explanation:

                                       Product A               Product B

Initial investment:

Cost of equipment          $290,000              $490,000

Annual revenues and costs:

Sales revenues              $340,000               $440,000

Variable expenses         $154,000               $206,000

Depreciation expense    $58,000                 $98,000

Fixed out-of-pocket

operating costs               $79,000                 $59,000

net cash flow                  $107,000                $175,000

The company's discount rate is 16%.

payback period

A = $290,000 / $107,000 = 2.71 years, A is preferred

B = $490,000 / $175,000 = 2.8 years

using an excel spreadsheet I calculated the NPV and IRR

NPV

A = $60,349

B = $83,001, B is preferred

IRR

A = 25%, A is preferred

B = 23%

Project profitability

A = $350,349 / $290,000 = 1.21

B = $573,001 / $490,000 = 1.17

Simple rate of return

A = $535,000 / $290,000 = 184%, A is ´preferred

B = $875,000 / $490,000 = 179%

5 0
3 years ago
During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr
Mariulka [41]

Answer:

$260000

Explanation:

$280k  purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

------------------------------

$20000 >> Cash balance

5 0
3 years ago
Progressive companies who want to attract and keep good employees are now offering their employees ________ benefits, such as on
leva [86]
<span>Progressive companies who want to attract and keep good employees are now offering their employees fringe benefits, such as onsite dry cleaning services, shoe repair, onsite medical care, and even free breakfasts. These benefits attract quality employees to the companies and the company ultimately benefits from the addition of such employees. It is actually a mutually beneficial effect.</span>
3 0
3 years ago
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