Answer:
The correct answer is B.
Explanation:
Giving the following information:
Year 2 Year 1
Net sales $651,500 $583,700
Cost of goods sold 389,300 360,920
Ending inventory 78,500 80,180
To calculate the inventory turnover, we need to use the following formula:
Inventory turnover= Cost of goods sold/ average inventory
Average inventory= (beginning inventory + ending inventory) / 2
Average inventory= 158,680/2= 79,340
Inventory turnover= 389,300/79,340
Inventory turnover= 4.91
Answer:
<em>d) Slightly greater than 4 years</em>
Explanation:
<em>The portfolio's Macaulay period (MaD) is the mean maturity of its retained earnings.</em>
Fifty per cent of cash flows (in terms of PV) come after three years and another fifty per cent arrive after five years, so the MaD is 0.53 + 0.55 = 4.
We must divide the MaD by (1+ytm/2) to get Modified Duration (MoD).
<em>Then portfolio MoD is </em><u><em>4/(1 + 0.02/2) = 3.96.</em></u>
Answer:
Settlement Date
Explanation:
The broker is expected to be notified on the date which the cash or assets has been transferred has been completed. The settlement date simply refers to the date that the trade or sales of shares of stock settles, and thus when using specific identification rather than FIFO, the broker dealer must be notified no later than the settlement date for cost basis reporting.
Answer:
The following records won't be required in drawing up a cash flow statement:
a. Income statement (True)
b. Balance sheet (True)
c. Prospectus (False)
d. Financial statement notes (True)
e. Company news releases (False)
f. Statement of cash flows (True)
g. Stock price information and analysis (False)
h. Statement of shareholders' equity (True)
i. Management discussion and analysis of financial performance (False)
Explanation:
A cash flow statement is an element of the financial statement which helps investors identify the liquidity of the business.
It reveals in great details the sources and uses of the cash resources of the business, and gives true indication to the internal workings of management in wealth creation for the shareholders
Since its only concerned about the cash uses and sourcing, it means not all financial record of the business will be essential in drawing up a statement of cash flow.
The answer is that Copywriters may correlate the visual and headline to the attention step of the creative pyramid. The Creative Pyramid, refers to the pyramid which first indicates the most news-worthy information, then next is the second to the most important information and lastly, the other general background info of a news story.
