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liq [111]
3 years ago
6

A long-term goal taking __________ years to achieve can be broken down into shorter-term goals, each taking __________ years to

achieve. A. 5; 15 B. 5; 30 C. 15; 5 D. 15; 30
2b2t
Business
2 answers:
8090 [49]3 years ago
6 0

Answer: C. 15;5

Explanation: The answer is C. 15;5 because a long-term goal has to take longer than the short-term goal. In other words, the first number has to be bigger than the second number.

Lana71 [14]3 years ago
3 0

The correct answer is C. 15; 5

Explanation:

A long-term goal refers to an aim or objective that takes a long time to be achieved because it implies a long process with multiple steps and shorter-term goals. Examples of long-term goals include buying a house or apartment, getting a postgraduate degree or creating your own business. Additionally, these goals are only possible if you achieve shorter-term goals that are part of the process, these goals require less time to be achieved. For example, while buying a house or apartment might take you 5 years or more, creating a plan to save money (short-term goal) can take you only a few months.

According to this, a long-term goal taking 15 years can be broken down into short-term goals that take 5 years to achieve, considering the long-term goal always lasts more than the short-term goals and this the only option that follows this rule.

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Answer: 1. D) Assets are understated

2. D) Car dealers

Explanation:

1. The shipping costs to bring Inventory into a business are known as Carriage Inwards. This amount is to be debited with the Inventory as it is considered to be part of the cost of acquiring the inventory. By not putting this cost with the inventory, ABC is undervaluing the inventory account which is an Asset account. The Assets are therefore understated.

2. The Specific Identification Method of inventory valuation is based on each individual unit purchased or sold. It does not group items and tracks each item from the moment it is purchased to the moment it is sold so the cost of the specific inventory is known. This method is used more often by businesses that deal with easily identifiable items such as Jewellers and Car dealers because each car is big enough to be tracked individually.

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MAXImum [283]

Answer:

The new price of the bond is $928.94

Explanation:

Initially the bond's price is equal to its par value which means the coupon rate on bond and the market interest rates are the same i.e. 6%.

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As the bond is a semiannual bond, we will use the semi annual coupon payment, the semi annual percentage of the annual rate of interest on market and the number of semi annual periods outstanding.

Semi annual coupon payment = 1000 * 0.06 * 6/12 = $30

Number of semiannual periods till maturity = 10 * 2 = 20 periods

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We used the present value of annuity ordinary formula for preset value of interest payments and the normal present value of principal formula for the face value.

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