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3 years ago

What is a caterer what is his job

1 answer:

6 0

A caterer is someone who arranges the delivery, preparation and presentation of food for clients. If you've ever attended a bridal shower, fund raiser, rehearsal dinner, wedding reception or a bar mitzvah that had beautifully prepared and presented food, chances are that event was catered.

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Suppose you enter into a 9-month long forward contract on a non-dividend-paying stock when the stock price is S0 = $125 and the

Vladimir79 [104]

Answer:

Future Price

F0: 126.89

F3: 113.13

F4: 113.41

Value of the contract:

a) zero (by definition)

b) -13

c) -13

Explanation:

forward price:

$F = S (1+r)^{n}$

being S the spot rate

time 9 months and

rate 2% continuous componding

As the rate is continuous we calculate using the e number instead:

$F = S e^{rn} +cost$

$F = 125 e^{0.02 \times 9/12}$

F = 125 x 1.015113065

F = 126.8891331 = 126.89

3th month into the contract:

$F = 112 e^{0.02 \times 6/12}$

F = 113.1256187 = 113.13

4th month

$F = 112 e^{0.025 \times 5/12}$

F = 113.4087866 = 113.41

value of the contract

at third month:

Vt = St - F0

Vt = 112 - 125 = -13

at fourth month

Vt = 112 - 125 = -13

3 0

4 years ago

Suppose a firm has a retention ratio of 40 percent and net income of $5.5 million. how much does it pay out in dividends? (enter

poizon [28]

Total sales = $200,000. Net income = $20,000. Dividend payout ratio = 30%. Operating cash flow = $40,000. Price per share = $100. Shares outstanding = 1,000.

<h3>What is Dividend payout ratio?</h3>

Investors can get a sense of a company's dividend payout ratio by comparing it to the amount of money it maintains on hand for growth, debt repayment, and cash reserves.

Using the data available at the bottom of a company's income statement, this ratio can be determined quickly. The dividend yield, on the other hand, contrasts the dividend payment with the stock price of the company at the time of the comparison.

How much is paid out in dividends can be determined using the dividend payout ratio.

This computation enables businesses to determine how much cash is available (after dividends are paid) for debt repayment or reinvested.

The income statement of a corporation is used to compute this ratio.

To learn more about Dividend payout ratio from the given link:

brainly.com/question/16102531

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5 0

2 years ago

Yates Co. uses the allowance method to account for bad debts. At the end of the period, Yate's unadjusted trial balance shows an

Sedbober [7]

Answer:

The bad debts would be debited with $5,000.

Explanation:

The bad debts under the allowance method is calculated by either as a percentage of accounts receivables or as a percentage of sales.

Percentage of Sales method:

In the percentage of sales method the allowance is calculated as below:

Allowance for doubtful debts = Sales * Percentage for doubtful debts

Allowance for doubtful debts = $500,000 * 1% = $5,000

Now always remember that this amount will be used only and their is no need to include the allowance for doubtful accounts balance.

Whereas on the other hand, in the percentage of accounts receivable method the allowances are included in the amount calculated.

The entry would be:

Dr Bad Debt Expense $5000

Cr Allowance for Doubtful Debts $5000

8 0

3 years ago

Smith and Johnson are partners. Smith's capital balance in the partnership is $56,000, and Johnson's capital balance $42,000. Sm

Semenov [28]

Answer:The bonus that is granted to Smith and Johnson equals:$5,500

that is $2750 each for Smith and Johnson since they share equally.

Explanation:

Given that

Smith's capital balance = $56,000

Johnson's capital balance = $42,000

Since the partners agree to accept Benson with 25% interest

Benson invests $40,000

Now, After allowing Benson,

Total Partnership Equity =Smith's Capital + Johnson's Capital + Benson's Investment

=$56,000 + $42,000 +$40,000 = $138,000

The share of Benson in equity is given as,

$138,000 x 25% = $34,500

The Bonus that is present for Smith and Johnson is

Benson's investment - Benson share of equity

= $40,000 - $34,500

=$5,500

Thus,

When equally shared becomes $2750 each for both Smith and Johnson

6 0

3 years ago

The Business Auto Coverage Form is intended for which of the following businesses? Select all that apply.

Karolina [17]

Answer:

A) Owned private passenger autos

B) Mobile equipment registered to drive on public roads

D) Automobiles owned by employees used for business purposes

Explanation:

Business Auto Coverage Form is used to cover a company's autos, trucks, trailers, semitrailers and mobile equipment that are owned or used by the company.

It also covers vehicles that are not owned by the company but are used by the company's employees while doing business related activities, e.g. automobiles owned by employees and used for business activities.

It only covers mobile equipment that is registered to drive on public roads, e.g. cranes, drills, shovels, tractors, etc.

4 0

3 years ago