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1 year ago

What do you mean by public service?

1 answer:

6 0

A public service is something provided by the government or another official entity for the benefit of all members of a society or community, such as health care, transportation, or garbage management.

Any service designed to meet the specific needs of the total population of a community is considered a public service. People who live in a government jurisdiction can access public services directly from public sector organizations or through public financing of private companies or nonprofits (or even as provided by family households, though terminology may differ depending on context). Other public services are provided on behalf of or in the best interests of the citizens of a government. The phrase refers to a social consensus .

Learn more about public service here.

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The following balances come from the financial statements of Way Industries: Sales revenue $850,000; Accounts receivable $280,00

finlep [7]

Answer: 12

Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-

= $\frac{cost\of\goods\sold}{average\inventory}$

where,

cost of goods sold = beginning inventory + net purchase - ending inventory

= $50,000 + $460,000 - $30,000

= $ 480,000

average inventory = $\frac{beginning\invetory+closing\inventory}{2}$

= $\frac{50000+30000}{2}$

= $40,000

so,

inventory turnover ratio = $\frac{480000}{40000}$

= 12

6 0

3 years ago

The budget that estimates a firm's projected cash inflows and outflows, as well as cash shortages or surpluses during a given ti

lapo4ka [179]

Answer:

Cash budget

Explanation:

A budget is a financial plan that calculates a firm's expectations and uses that information to allocate the expectations to specific needs of the firm, to ensure its efficient and smooth running over a given period of time.

A cash budget as seen above is a type of budget that projects a firm's expectations cash-wise (inflwo and outflow), shortages and surpluses during a given period (say one year or two years, etc.).

Cheers.

7 0

3 years ago

Firm A issued a $1,000,000 bond with a 20-year term at a discount. If the remaining amount of the discount on bonds payable is $

oksano4ka [1.4K]

Answer:

Loss of $200,000

Explanation:

Carrying value of bond = $1,000,000 - $100,000

Carrying value of bond = $900,000

Cash paid on bonds = $1,100,000

Loss on bond = Cash paid on bonds - Carrying value of bond

Loss on bond = $1,100,000 - $900,000

Loss on bond = $200,000

8 0

3 years ago

Suppose Stark Ltd. just issued a dividend of $2.24 per share on its common stock. The company paid dividends of $1.80, $1.98, $2

Sergeu [11.5K]

Answer:

Ans, The cost of the company’s cost of equity capital using the arithmetic average growth rate is 10.63% and using the geometric average of the growth rate is 10.60%

Explanation:

Hi, this is the equation we need to solve in order to find the company’s cost of equity capital.

$r=\frac{Dividend}{Price} +g$

As you can see, we almost have everything, the only problem here is "g", its growth rate, so let´s find "g" using the arithmetic average, but first, we need to find the growth rate for every period, the formula is

$g=\frac{(FinalDividend-PastDividend}{PastDividend}$