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
quester [9]
3 years ago
5

Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabil

ities) will remain unchanged. His clothing firm will enjoy a 9 percent return on total sales. He will start the year with $270,000 in the bank. What will Philip's ending cash balance be?
Business
1 answer:
shutvik [7]3 years ago
7 0

Answer:

the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

Ending cash balance = Opening cash balance + Profit

= $270,000 + (9% × $670,000)

= $270,000 + $60,300

= $330,300

We simply added the opening cash balance and the profit so that the ending cash balance could come

Hence, the ending cash balance is $330,300

You might be interested in
Instead of only meeting the goals of upper management, Malcolm also could have tried to meet the goals of his team members. This
Usimov [2.4K]

Answer:

servant leadership

Explanation:

Definition:

A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.

How Malcolm could have demonstrated servant leadership:

  1. Focus on serving employees’ needs .
  2. Develop employees to unleash potential in them .
  3. Coach and encourage others to participate in organizational activities .
  4. Create enabling work environment  for personal  growth and maximum participation by all.
  5. Move away from self –serving, domineering leadership to respect, value and motivate subordinates .

5 0
3 years ago
Read 2 more answers
Which of the following is true? Group of answer choices An excise subsidy has only a substitution effect since the subsidy artif
Nadya [2.5K]

Answer:

An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.

Explanation:

The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.

6 0
4 years ago
You purchased a stock at a price of $53.36. The stock paid a dividend of $1.87 per share and the stock price at the end of the y
kotykmax [81]

Answer:

Total return = 14.94%

Explanation:

Options are <em>"14.17% , 13.40% , 14.94%, 11.43%, 3.50%"</em>

End price = $59.46

Beginning price = $53.36

Dividend = $1.87

Total return = (End price - Beginning price + Dividends) / Beginning price

Total return = ($59.46 - $53.36 + $1.87) / $53.36

Total return = $7.97 / $53.36

Total return = 0.1493628185907046

Total return = 14.94%

4 0
3 years ago
Heather is an HR specialist at McCoy Manufacturing, where she is responsible for making sure HR policies and transactions delive
il63 [147K]

Answer: An operational executor

Explanation: The skills of an operational executor tend to lie within the range of human resource activities mostly characterized as transactional. They execute the operational aspects of managing people and organizations. That is, they are responsible for making sure human resource policies and transactions deliver results on a company wide basis by acquiring, developing, motivating, and deploying human resources where and when needed. Policies are required to be drafted, adapted, and implemented; while efficiently satisfying the administrative needs of employees through technology, shared services, or outsourcing etc. This leads to the constant application of organizational policies when done properly.

5 0
3 years ago
When a company purchases another company and the purchase price is greater than the fair value of the net assets acquired, this
34kurt

Answer:

Goodwill

Explanation:

Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.

When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill

The fair value of the net asset is come from subtracting the

= Company assets - company liabilities

6 0
3 years ago
Other questions:
  • You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 13 percent, –8 percent, 16 perc
    13·1 answer
  • Liquidity ratios are used to measure a firm's ability to meet its obligations as they come due. Two of the most commonly used li
    12·1 answer
  • To sell to Joann, you need to appeal to her ego. She'd rather hear that your new product will make people notice her as an innov
    11·1 answer
  • Which is true regarding assets and liabilities? Please choose the correct answer from the following choices, and then select the
    12·1 answer
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • Jim and Susan are both in good health and Jim has a reasonably secure career. Jim currently has an income of $70,000 and has 2 c
    13·1 answer
  • You want to endow a scholarship that will pay $ 7 comma 000$7,000 per year​ forever, starting one year from now. if the​ school'
    9·1 answer
  • Department G had 2,280 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,900
    9·1 answer
  • Use the information below to answer the following questions.
    13·1 answer
  • Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called _______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!