Because you provide no options, the answer will usually include one of the following :
- If you hurt some one or you destroy public or Personal Properties during your action
- Or If you force your opinion onto other people who don't want to hear it
Answer:
$ 5,507.47
Explanation:
There are two steps involved in solving this question ,first we need to determine the present of annuity of $31,000 receivable per year after retirement at retirement date,then use that to calculate the annual contribution:
=-pv(rate,nper,pmt,fv)
rate is the rate of interest during retirement which is 14%
nper is the period during which the $31000 would be received which is 20
pmt is the $31000 annuity per year
fv is the future worth of the annuity which is unknown
=-pv(14%,20,31000,0)=$ 205,317.05
The present value above is the future value of the retirement contributions
annual contribution=pmt(rate,nper,pv,-fv)=pmt(12%,15,0, 205317.05) =$ 5,507.47
Answer: B. 1/R, where R represents the reserve ratio for all banks in the economy.
Explanation:
The Money Multiplier is the money that Banks generate given a certain RESERVE REQUIREMENT/RATIO.
A Reserve Requirement is money that the Central Bank requires that Banks do not loan out and instead keep in reserve.
For example, if the reserve rate is 10% and a bank has $10 they can only loan out $9.
Assuming they loan out $9 then they created $19 in the economy because their customers still own the original $10 but now they have also given loans of $9. The people who take the loans then deposit it in another bank. That bank would keep $0.90 in reserve and loan out $8.10 meaning that $27.10 now exists in the economy.
The process goes on and on until it gets to $100.
A simpler way to get to the final figure is to divide 1 by the reserve requirement = 1/r which is the money multiplier.
Using the above example, that would be 1/0.1 which is 10.
Multiplying this 10 by the initial deposit of $10 will give you that same $100.
Answer:
a. 26%
b. 28.2%
Explanation:
Consider the following formula:
Gross profit ratio = Net sales - Cost of sales / Net sales
Walgreen's 2015 gross profit ratio: (103444-76520)/103444
26.0%
Walgreen's 2014 gross profit ratio: (76392-54823)/76392
28.2%
Answer:
Sheffield Company
Inventory Turnover Ratio = Cost of goods sold/Average Inventory
= $1,145,400/$138,000
= 8.3 times
Explanation:
a) Data and Calculations:
Beginning inventory = $145,000
Ending inventory = $131,000
Average inventory = (Beginning inventory + Ending inventory)/2
= ($145,000 + 131,000)/2
= $138,000
Sales revenue = $1,972,800
Cost of goods sold = $1,145,400
Net income = $248,400
b) The inventory turnover ratio for Sheffield Company is an efficiency ratio that shows how inventory is managed and the number of times Sheffield sells or consumes the inventory during an accounting period. This is why Sheffield Company takes the average of the inventories in order to smoothen seasonal fluctuations in the inventory level during the year. When this ratio divides the number of days in the accounting period, Sheffield will get the days it takes for inventory to be purchased or produced, and then sold or consumed.
