Answer:
The annualized return is 14.82%
Explanation:
The formula for annualized return is given as Annualized return = (1+ holding return)12/n - 1
Holding return is 8.4%
n is the holding period of 7 months
Annualized return =(1+0.084)^(12/7)-1
Annualized return =14.82%
It is wrong to simply calculate annualized return as 8,4%*12/7,which means one is taking the interest to annual interest by proportional method,as this gives 14.40%, in investment every basis point counts.
The difference between the two figures is 0.42% which could translate into millions depending on the amount invested as well as the duration of investment
Answer:
B.
Explanation:
The investor should consider that they may find that the restaurant's financial statements undervalue the true value of its resources. If this were to be the case then the investor would have made a lot of money since they would have paid face value for the restaurant when in actuality it was massively undervalued and is worth a lot more, meaning he would make a large profit on his investment from the beginning.
Credentialing resource management activity identifies and verifies that personnel is qualified.
<h3>What is management?</h3>
- Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity.
- It is both the science and the art of managing a company's resources.
- Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
<h3>What roles does management play?</h3>
- Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level.
- These five responsibilities are a part of a corpus of guidelines and management-related beliefs.
Learn more about management here:
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Answer:
b. Debit Petty cash $200 and credit cash $200
Explanation:
Based on the information given we were told that the Company decided to establish petty cash fund that has a beginning balance of the amount of $200 which means that journal entry to record establishing the account will be:
Dr Petty cash $200
Cr Cash $200
