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3 years ago

The following information is taken from Reagan Company's December 31 balance sheet:

Business

1 answer:

Inga [223]3 years ago

7 0

Answer:the firm's days' sales uncollected for the year= 47.4 days---d

Explanation:

The Days’ Sales Uncollected, a liquidity ratio that gives an idea of average collection period which is an estimation for the number of days the amount receivables is expected to be collected.

it depends on the 1) Account receivables and 2) Net sales .

the formulae is given below as

Days sales uncollectible = Account receivables / Net Sales x 365

=( $78,422/$603,500) x 365 =0.12994 x 365= 47.4 days

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alvin Tucker is in the process of launching an educational services firm. He plans to incorporate the firm. Because the firm wil

Sever21 [200]

Answer:

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2 years ago

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live foreve

Natalka [10]

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

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= $\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}$

On substituting the given values, we get

= $\frac{800}{50,000}$

= $0.016$

i.e.,

= $1.60 \ percent$

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2 years ago

Money is to an economy what language is to communication. What does this statement mean?

Tasya [4]

Answer:

What does economy of language mean?

Explanation:

The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, and the costs and benefits of language planning options, preservation of minority languages, etc. Language can be an expression of symbolic power.

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3 years ago

You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been

stepladder [879]

Answer:

Yes it is.
Ethical issue ⇒ Insider Trading.

Explanation:

Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.

Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.

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3 years ago

Convertible bonds:_________

tigry1 [53]

Answer:

c) Provide potential benefits to both the issuer and the investor.

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Convertible Bonds are Bonds that can be converted to Common Stocks at the the option of the investor or the issuer.

They represents the potential voting rights to the investor if they are converted to Common Stocks. This means the investor can take part in decision making of the company.

They also presents benefits to the issuer in that it reduces the financial risk of defaulting interest payments. This is good for the gearing ratio as well and can attract more investors.

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2 years ago