Answer:
c. $182,083
Explanation:
current numbers:
sales 415,000
assets 355,000
industry average assets turnover
sales / asets = 2.4
<u>How much do assets need to decrease to get an assets turnover of 2.4?</u>
sales will remain unchanged, so we can only adjust assets on the turnover formula:
415,000/assets = 2.4
assets = 415,000/2.4 = 172.916,67
current assets 355,000
target assets 172, 917
decrease in assets 182.083
Answer:
2014 36,000
205: 24,000
Explanation:
500,000 x 12% = 60,000 construction realted per year
Capitalize:
timeline:
<--/--/--/--/--/--/--/--/--/--/--/--/-->
each month the company is doing an spending related to the construction. We must capitalize based on the amount investment.
The first month capitalize throught the whole year,
the second month 11 months
the third for 10 months and so on.
Therefore, the capitalize amount will be half of the cost of the year
2014: interest capitalized through the cost of construction
600,000/2 x 12% = 36,000
400,000/2 x 12% = 24,000
That's the maximum amount we can capitalize for construction.
False, opportunity cost is what you have to give up in order to obtain a good.
Example:
You have 30 minutes to either read a book or nap. You choose to read a book. You're opportunity cost is the 30 minutes you could have spent sleeping.
Answer:
false
Explanation:
A statement of cash flows on tracks Cash, not credit, expenses, or any of that jazz. There are other financial reports to account for them.
Answer:
communicating effectively with an unsophisticated customer in an understandable manner to assess financial goals and risk tolerance
Explanation:
The new customer who has accumulated $124,000 in his company's 401(k) plan wants to rollover his funds with a brokerage firm.
However he only invested in a growth mutual fund.
This is a scenario that could lead to total loss for the customer if the growth mutual fund fails. A better approach would have been to invest in more than one option.
The first action should be to communicate effectively with the unsophisticated customer in an understandable manner to assess financial goals and risk tolerance.
Based on his Prefered objectives an investment plan can be recommended for him