Answer:
His loan payment each quarter is nearest to $4,705.10.
Explanation:
Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter
Pv = $70,000
n = 4 × 5 = 20
r = 12%
P/yr = 4
Fv = $0
Pmt = ? - $4,705.10
Thus PMT, the loan payment each quarter will be $4,705.10.
Answer: 1.20
Explanation:
The Portfolio beta will be a weighted average of the individual stock betas.
Portfolio beta = (22% * 0.88) + ( 23% * 0.94) + ( 42% * 1.34) + ( 13% * 1.79)
= 0.1936 + 0.2162 + 0.5628 + 0.2327
= 1.2053
= 1.20
Yes, she can make the purchase and have money left over.
The answer is decreases<span> lead time variability.
Safety stock refers to the amount of stocks that set aside by the company in order to prepare for stockouts.
If the company decrease lead time variability, it will give more time for company to prepare between orders and delivery, which will reduce the probability of safety stock usage.</span>
Answer:
The journal entry for the cash receipt and on that the sales tax is charged is as follows:
Explanation:
Cash A/c................................Dr $8,640
To Sales A/c.............................Cr $8,000
To Sales Tax Payable A/c.....Cr $ 640
Working Note:
Sales Tax Payable = Amount of cash sales × Rate of Sales Tax
= $8,000 × 8%
= $640
So, the total of cash received will be = Sales Amount + Amount of sales tax payable
= $8,000 + $640
= $8,640
