Answer:
D. short-term financing
Explanation:
Based on the information provided within the question it seems that in this scenario Millard's Department Stores should utilize short-term financing. This is a short term loan (usually less than one year) that you can use for you daily business operations. Which is exactly what Millard's Department Store needs in order to pay off the suppliers to continue receiving payments and continue it's business operations to make money.
Answer:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Explanation:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Over the years, various rules and regulations restricting the activities of people living in society have been made. Some of these regulations have been positive while some negative. This has lead to various society transformation like from simple to complex, unity to diversity, uncivilization to civilization and primitive and so on.
For there to be development they have to be transformation.
Answer:
$510,560
Explanation:
AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
- A = assets = $4,000,000
- S = sales = $7,600,000
- L = liabilities that vary according to sales level = $450,000 + $450,000 = $900,000
- Δ Sales = change in sales = $9,120,000 - $7,600,000 = $1,520,000
- PM = profit margin = 4%
- FS = forecasted sales = $9,120,000
- d = payout ratio = 70%
AFN = ($4,000,000/$7,600,000) x ($1,520,000) - ($900,000/$7,600,000) x ($1,520,000) - (4% x $9,120,000 x (1 - 70%)) = $800,000 - $180,000 - $109,440 = $510,560
Answer:
b. 4.0 years.
Explanation:
The computation of the estimated payback period is given below:
The annual cash inflow is
= Net Income + Depreciation of equipment
= $6000 + $6000
= $12,000
Now The payback period of this investment is
= Investment ÷ Annual cash inflow
= $48,000 ÷ $12,000
= 4 years
hence, the option b is correct and the same should be considered
