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1 year ago

Which of the basic organizational functions records all financial activity from billing customers to paying employees?

1 answer:

5 0

Which of the basic organizational functions records all financial activity from billing customers to paying employees: Accounting

Financial usually refers to money matters or transactions of some size or importance. Cash, stocks, bonds, mutual funds, and bank deposits are all examples of financial assets.

The Financial field includes three main subcategories:

personal finance
corporate finance
public (government) finance.

learn more about Financial here

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With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certai

Korolek [52]

Answer:

The answer is: Quantitative easing

Explanation:

Quantitative easing is a type of monetary policy in which the central bank purchases predetermined quantity or amount of government securities or other financial assets to increase the supply of money, encourage lending and investment and inject liquidity into the economy. It is a unconventional monetary policy which is used when the standard expansionary monetary policy is ineffective and during low or negative inflation.

Therefore, the given policy is known as Quantitative easing.

8 0

3 years ago

At December 31, 2022, the following information (in thousands) was available for Ayayai Inc.: ending inventory $22,000; beginnin

Anuta_ua [19.1K]

Answer:

Inventory turnover in days = 43.59 days

Inventory turnover (No of times)= 8.37 times

Explanation:

Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.

Inventory turnover in days

= Average inventory /Cost of goods sold × 365 days

Average inventory = (Opening Inventory + closing inventory)/2

Average inventory

= (21,000 + 22,000)/2

= 21,500

Inventory turnover in days

(21,500/180,600) × 365 days

=43.597 days

Inventory turnover (No of times )

= Cost of goods sold/Average inventory

= 180,600/21,500

= 8.37 times

4 0

2 years ago

Record the consumption of supplies durning the month is supplies worth $4000 were purchased on January 5 and at the end of the m

Marat540 [252]

Answer: that means you got 3/4 worth of supplies that were purchased.

Explanation:

So the way you did this problem is so weird and is not understandable

4 0

3 years ago

The current market value of the assets of ABCD is $86.28 million. The call option value on the firm's assets is $53.09 million.

Temka [501]

Answer: $33.19 million

Explanation:

From the question, we are informed that the current market value of the assets of ABCD is $86.28 million and that the call option value on the firm's assets is $53.09 million.

The market value of the firm's debt will be the difference between the market value of assets and the call option value of the firm's assets. This will be:

= $86.28m - $53.09m

= $33.19 million

6 0

2 years ago

Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it

miskamm [114]

Answer:

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n) ${nt}$

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12) ${12t}$

= $60 = $3,200(1 + 12.9%/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.129/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.01075 ) ${12t}$

= $60.00 = $3,200.00 (1.01075 ) ${12t}$

= $60.00/$3,200.00 = $3,200.00 (1.01075 ) ${12t}$ /$3200.00

= 0.01875 = (1.01075) $12t$

= Using the law of logarithm

= log $A^{N}$ = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

= 12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

∴ 30.99 years

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

3 0

3 years ago