1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dima020 [189]
3 years ago
8

Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.

today, the business is managed by mort tishian, a grandson of the founder. unfortunately, mort tishian's tenure has been plagued with problems neither his father nor grandfather before him experienced. the reason is simple: the funeral business is undergoing rapid change. small, family-owned funeral homes are losing ground to a new type of competitor, a large national network service that resembles a franchise system. more and more families "in their time of need" are choosing the new, highly promoted competitors instead of the traditional small family-operated funeral homes. this trend has required a response from organizations like tishian's funeral home. bigger and better facilities are needed to remain competitive. all of this puts more pressure on the family owners to be more active in the financial side of the business. mort summed it up best when he said, "grandpa told people, 'you pay me when you can, i ain't goin' nowheres.'" his creditors did the same with him. today, it's a different game. cash flow is key, and obtaining funds is no simple task. additionally, creditors want their money now, not later. banks are also more demanding. "heck, grandpa knew all the bankers he dealt with personally. i see new faces every time i go to the bank. if things don't get better, i suspect after eighty years of service, tishian's funeral home will have its own funeral." mort is seriously considering a major expansion in the size of his funeral home. the money spent on this type of project would be classified as a(n):
Business
1 answer:
creativ13 [48]3 years ago
6 0
<span>Mort's grandfather had his business strategy, in other words, his own principles, which he put it as ''you pay me when you can, I ain't goin' nowheres''. Mort mentions that cash flow is very important. Indeed, he</span> needs to develop a short-term forecast, which is a prediction of revenue, costs, and expenses for a period of a year or less. 
You might be interested in
were designed to concentrate the credit risk of a bundle of loans on one class of investor, leaving the other investors in the p
asambeis [7]

Answer:

collateralized debt obligation

Explanation:a

collateralized debt obligation is referred to an emergency asset that would be used as collateral assets if a company unable to pay the loan.

It is basically introduced by the bank to regain the loan value that is sold to particular investors.  it helps the bank to make more funds and it also helps to transfer risk from bank to investor.

5 0
3 years ago
David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's outstanding
Marrrta [24]

Answer:

Cost of equity = 14.43%

Explanation:

Weigheted Average cost of capital is computed using the formula below:

WACC = (Wd×Kd)  + (We×Ke)

           Kd= aftre tax cost of debt= 12%× (1-0.4)= 7.2%

           Wd =Proportion of debt= 40%

           We = proportion of equity = 60%

            Ke= cost of equity.

let the cost of equity be "y"

WACC = 11.54

11.54 = (40%× 7.2%) + (60% × y)

0.1154  = 0.0288 + 0.6y

0.1154 - 0.0288 = 0.6y

y =(0.1154 - 0.0288)/0.6

y = 0.1443 × 100

y =14.43%

Cost of equity = 14.43%

         

8 0
3 years ago
On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated 7 year
Degger [83]

Answer:

Part a

2021  = $7,000

2022  = $6,000

Part b

2021  = $5,250

Explanation:

Sum of the year`s digit method provide for higher depreciation in early life of the asset with lower depreciation in later years.

Step 1

<em>Some of digits calculation :</em>

Year      Digits

2021        7

2022       6

2023       5

2024       4

2025       3

2026       2

2027        1

Total      28

Step 2

<em>Determine the depreciable amount</em>

Depreciable amount = Cost - Residual value

                                   = $40,000 - $12,000

                                   = $28,000

Step 3

<em>Depreciation expense calculations</em>

2021 = 7 / 28 x $28,000 = $7,000

2022 = 6/ 28 x $28,000 = $6,000

assuming the equipment was purchased on March 31, 2021

2021 = $7,000 x 9/12 = $5,250

3 0
3 years ago
Question 2
mojhsa [17]

Answer:

The answer is below

Explanation:

Probability distribution are statistical function that shows all the possible outcomes of a random variable within a given range of values.

a) The mean (\bar x) of a probability distribution of a discrete random variable is:

\bar x=\Sigma\ [xP(x)] = (0 * 0.8) + (1 * 0.15) + (2 * 0.04) + (3 * 0.01) = 0.26

b) The standard deviation (σ) of a probability distribution of a discrete random variable is:

\sigma=\sqrt{ \Sigma\ [(x-\bar x)^2*P(x)]}\\\\\sigma=\sqrt{(0-0.26)^2*0.8+(1-0.26)^2*0.15+(2-0.26)^2*0.04+(3-0.26)^2*0.01} \\\\\sigma=0.577

7 0
3 years ago
Consider the circular flow model to answer the questions that follow.
Zarrin [17]

Answer:

The answer is :

A. Resource market - income

B. Expenditure - product market.

Explanation:

A. Resource market - income

B. Expenditure - product market

The circular flow model shows how money moves through the economy in exchange for goods, services, and resources.

A.

In circular flow of income, households provide inputs to firms through the resource market(matket where households supply land, labor, capital, and entrepreneurship) in exchange for money(income or wages).

B.

Also in circular flow of income, firms receives expenditure from household and this type of market is called product market(which refers to a place where goods and services are bought and sold)

6 0
3 years ago
Other questions:
  • The advantage of setting priorities in your life is that you can _________. a. Easily change your habits and behaviors overnight
    7·2 answers
  • _______________ ensures that all relevant financial information is reported. (select an option)
    12·1 answer
  • The general fund collects taxes that are legally restricted for use in a future year. The amount of the collections is reported
    14·2 answers
  • The concept of markup under monopolistic competition would best be described as the attempt of firms to make their products look
    14·1 answer
  • During 2021, a company sells 21 units of inventory. The company has the following inventory purchase transactions for 2021: Date
    6·1 answer
  • A census helps the CPI in what way?
    6·1 answer
  • A family starts an education fund for their son Patrick when he is 8 years old, investing $500 on his eighth birthday, and incre
    14·1 answer
  • Examples of popular persuasive ads
    12·1 answer
  • What is the difference between an increase in supply and an increase in quantity supplied?.
    12·1 answer
  • Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!