Answer:
b. Vice President of Finance.
Explanation:
The Treasure works as a head accountant, he is the person who take care of the cash in an organisation and he is an in charge of all the cash related activities. If something bad or any mishap related to the cash happens then he is held responsible. The Treasure of a corporation generally reports directly to the higher authority like Vice President of Finance. Moreover, its his or her responsibility to manage and distribute the cash within the organisation. He is liable to present all records when requested by the vice president of finance.
Answer:
Growth rate of money supply is 7.6%.
Explanation:
detailed steps are given below.
Answer:
C. 1.12
Explanation:
Present value of the cash inflows = $66,080
Investment = $59,000
The profitability index is the ratio between the present value of the cash inflows resulting from the investment and the unvested value.
The profitability index for Deibel Corporation's investment is given by:
The profitability index of the project is 1.12
Answer:
The number of shares needed to raise $26 miliion will be 590909 shares.
Explanation:
To calculate the number of shares needed to raise $26 million, we first need to findout the price per share at which shares are issued. The fair value or the price per share can be caclculated using the constant growth model of the DDM approach. Thus, the price per share today will be:
P0 = 2.46 / (0.1024 - 0.0465)
P0 = $44.007 rounded off to $44
Thus, at the price of $44 per share, number of shares needed to raise $26 million will be:
No of shares = 26,000,000 / 44 = 590909.0909 rounded off to 590909 shares