Answer:
If by Dark Ages, we mean the Middle Ages, then, one can safely say that business did more to bring the dark ages to an end and restore the world to civilization and progress.
The Middle Ages represented a decline in several areas, especially trade, when compared with classical antiquity (Ancient Greece and Rome).
By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.
With time, more cities became trade hubs, and this prompted economic development. Businesses grew, science and technological progress increased, and in general terms, civilization advanced more quickly in a few centuries than in the past millenia.
Answer:
Therefore, the internal rate of return is lower than the expected return, for this the project must be rejected
Explanation:
Solution
Given that
The cash flow of a project consists of the following amount from year 0 to 3 = −$161,900, $60,800, $62,300, and $75,000
The rate of return required = 13%
Now,
Let the Internal rate of return be y%
Thus,
At internal rate of return, the value of present inflows is the same as the value of present outflows.
So,
Internal rate of return = Value of present inflows = Value of present outflows
=161900 =60800/1.0y +62300/1.0 y ^2 + 75000/ 1,0 y^3
Therefore, y = internal rate of return 10.41%
Answer:
A. Interest earned on the depositor's account
B. Deposit in transit and Note collected by the bank for the depositor
Explanation:
In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.
Adjusted balance ends the bank section of a bank reconciliation. Thus, in the event of any fraudulent behavior by an employee, the bank reconciliation would detect any anomaly or financial fraud in the organization.
In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.
The items that would be added to the book balance on a bank reconciliation include the following;
A. Interest earned on the depositor's account.
B. Deposit in transit and Note collected by the bank for the depositor.
Answer:
False
Explanation:
You shouldn't choose a career just because of the salary you may earn. This will cause you to burn out quickly. Someone should choose a career that they have interest in and will continue to enjoy for years to come.
Answer:
Price of stock is $18.57
Explanation:
Dividend growth method measures the stock value by taking sum of present value of all future cash flows means present value of all future dividends.
Use following formula to calculate the price of stock
Price = Dividend / Rate of return - Growth rate
According to given data
Dividend = $1.30
Required rate of return = 12%
Growth rate = 5%
Price = $1.3 / ( 12% - 5% )
Price = $1.3 / 7%
Price = $18.57
