The purpose of the control account is to keep the general ledger nice and clean without any details, yet contain the correct balances to be used in the financial statements.
Answer:
They organize the way a group meeting will run.
They guide discussion so that everyone contributes equally.
They resolve conflicts and make sure all opinions are heard.
Explanation:
Answer:
$75.3 million
Explanation:
Data provided in the question:
Shares outstanding = 3 million
Current price = $15 per share
Value of Bonds = $30 million
Selling price of bonds = 101% of par
Now,
Market Value of the firm = Market Value of shares + Market Value of bonds
or
Market Value of the firm = ( 3 million × $15 ) + ( $30 million × 101% )
or
Market Value of the firm = $ 45 million + $30.3 million
or
Market Value of the firm = $75.3 million
Answer:
12
Explanation:
Given that,
Sales price = $9 million
Estimated annual gross income = $750,000
The gross income multiplier is defined as the ratio of sales price to its effective gross income.
Therefore, the gross income multiplier is calculated as follows:
= (Sales price ÷ Estimated annual gross income)
= $9,000,000 ÷ $750,000
= 12
Answer: 0.48 minutes
Explanation:
Takt time = Net time available / Daily demand
Net time available is number of minutes in a shift so:
= 8 hours * 60 minutes
= 480 minutes
Daily demand = 1,000 units
Takt time = 480 / 1,000
= 0.48 minutes
