Answer:
B. help you accurately record your income and expenses
Explanation:
The advantages of advantage that an AIS would offer in using it for your finances is "it would help you accurately record your income and expenses."
The AIS otherwise known as Accounting Information System is a form of systemic structure in which a company or business financial data are gathered, stored, process, and accessed when needed to be used for business or financial decisions. It offers a high level of accuracy, security and easily accessible.
Answer:
$ 315
Explanation:
Given that
Pure premium = $300
Insurance company charges = 5%
Thus,
Amount of insurance company changes = 300 × 5%
= 300 × 0.05
= $15
Therefore,
Total premium = pure premium + insurance company charges
= 300 + 15
= $ 315
Note that: Premium is simply the amount to be paid regularly to an insurance company for an insurance policy. It is the money paid periodically by the insured to the insurer.
Answer:
$812.20
Explanation:
Given the following bond characteristic:
Coupon rate = 12%
Market or yield rate = 15%
Years to maturity = 20 years
Face or par value = $1000
Inputting the values into a bond value calculator, the bond value output is : $812.20
This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.
Answer:
c. 15.8%
Explanation:
The cost of equity is the WACC (weighted average cost of equity)
WACC formula = wE*rE + wD*rD(1-tax) , whereby
wE = weight of equity = 65%
rE = cost of equity = 20%
wD = weight of debt=35%
rD(1-tax ) = after tax cost of debt =8%
WACC = (0.65 *0.20) + (0.35*0.08)
= 0.13 + 0.028
= 0.158 or 15.8%
Therefore, the overall cost of capital is 15.8%
Answer:
Please see the explanation
Explanation:
Sales budget for the 4 quarters of the first year is given as follows:
Quarter 1 sales=120,000*$20=$2,400,000
Since there is 7% increase in each subsequent quarter, therefore the sales for the subsequent quarters of year 1 shall be calculated as follows:
Quarter 2 sales=$2,400,000*1.07=$2,568,000
Quarter 3 sales=$2,568,000*1.07=$2,747,760
Quarter 4 sales=$2,747,760*1.07=$2,940,103.2
