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4 years ago

Which one of the following statements is wrong?

Business

1 answer:

Illusion [34]4 years ago

8 0

Answer:

A. PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay for a dependent's undergraduate education expenses, and are based on financial need.

Explanation:

Which one of the following statements is wrong?

PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay for a dependent's undergraduate education expenses, and are based on financial need.

it should be attending post secondry schools

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The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:_______.

alekssr [168]

,Answer:

Rollins Inc

Multi step Income Statement as on December 31, 2021

Particulars Amount$

Sales Revenue 5,900,000

Less: Cost of Goods Sold -44,00,000

Gross profit 1,500,000

Operating Expense

Selling expense 400,000

Restructuring costs 190,000

Administrative expense 300,000

Total Operating Expenses 890,000 -890,000

Operating Income 610,000

Non Operating Income/Expense

Interest revenue 40,000

Gain on projected benefit 260,000

obligation

Interest expense -20,000

Loss on Sale of Investments -10,000

Loss on debt investments -160,000

Total Non Operating 110,000 110,000

Profit before taxes 720,000

Taxes 180,000

Net Profit 540,000

Net Profit 540,000

Number of equity shares 100,000

Earnings per share 5.40

6 0

3 years ago

What is a economic systerm in business

Marta_Voda [28]

Answer:

A nation's economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated. Economics is the study of how a society uses scarce resources to produce and distribute goods and services.

5 0

4 years ago

Jarett & son's common stock currently trades at $30.00 a share. it is expected to pay an annual divident of $1.00 a share a

mart [117]

Answer and Explanation:

The computation is shown below:

a. The company cost of capital is

Cost of equity = (D1 ÷ share price)+ Dividend growth rate

= ($1 ÷ $30) + 0.04

= 0.033 +0.04

= 0.0733 or 7.33%

Now

b. Cost of new equity is

= (D1 ÷ share price × (1 - flotation cost)) + Dividend growth rate

= [$1 ÷ $30 × (1 - 0.1)] + 0.04

= ($1 ÷ $30 × 0.9) + 0.04

= 1 ÷ 27 + 0.04

= 0.037 + 0.04

= 0.07704 or 7.71%

4 0

3 years ago

A marketing manager has just estimated that her firm's marginal revenue will become negative if a proposed price cut is made.

Viktor [21]

Answer:

D. More Units may be sold - but total revenue will be less than it would be at the higher price

Explanation:

Marginal Revenue (MR) represents the additional revenue that can be obtained if sales of a product are increased by one unit.

MR= is change in Total Revenue/Change in Total Output Quantity

In this situation as envisaged by the Marketing Manager, a price cut will lead to an increase in revenue based on more (marginal) units of the product sold at a lower price. The challenge, however, is that this increase in income will not be enough to offset the decrease in revenue that will result as a result of the price cut.

In other words, the organisation is better off selling fewer products or units at its current price than sell more (marginal units) at a reduced price.

7 0

3 years ago

Which of the following is an advantage of cross-training?

podryga [215]

Answer:

A:Employee involvement teams do not have the authority to make decisions, whereas semi-autonomous groups have the authority to make decisions and im in 7th grade lol

Explanation:

5 0

3 years ago