I Think The answer would be b I hope it helps ya
<u>Calculation of Days Payable Outstanding:</u>
Days Payable Outstanding can be calculated using the following formula:
Days Payable Outstanding = (Accounts
Payable *365) / Cost of Goods Sold
= (8,773*365)/45,821
= 69.88
Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.
Answer:
2.91%
Explanation:
PMT = 800,000 (Annual amount that you receive)
n = 20 years
PV = -12,000,000 (the amount you should have if you receive a lump-sum today)
FV = 0 (not given)
i/r = ? (The rate of return we need to find)
Using financial calculator, we have the rate of return built into the annuity is:
i/r = 2.91%
Answer:
Limited liability
Explanation:
<em>Limited liability</em><em> is a concept that states that in the event of loss or financial insolvency of a business the maximum amount to be lost by the owners would be restricted or limited only to the amount that they have invested in the business.</em>
<em>This concepts illustrates the fact that the business is a separate legal entity which is different from its owners.</em> <em>And therefore the assets and liabilities of the business are different form those of its owners.</em>
The concept is common with businesses which operate under the form of either <em>limited partnership or limited liability companies</em> (either private or public)
This is most likely because the brothers have a Limited liability