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3 years ago

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals

Business

1 answer:

dangina [55]3 years ago

4 0

Answer:

Net cash used in investing activities = ($55,500)

Explanation:

Cash flows from Investing activities

Transaction Amount

Cash used for purchase of mining equipment -$68,000

Cash provided from sale of equipment +$22,000

purchased in c. above

Purchase of company vehicle. -$9,500

Net cash used in investing activities -$55,500

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You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit

nordsb [41]

Answer:

a.) $217,298.44

b.) $253,514.84.

c.) $239,061.37 .

Explanation:

a. Determine how much you will have saved after 10 years

This is an ordinary annuity question and you are required to find the Future value (FV) at year 10. Using a financial calculator, key in the following inputs;

Total duration of investment; N = 10

Recurring payment; PMT = -15,000

Interest rate ; I/Y = 8%

PV = 0

then compute Future value; CPT FV = 217,298.437

Therefore, in 10 years, you will have saved $217,298.44 which does not meet your goal of half a million dollars.

b. Determine the amount saved if you were able to deposit $17, 500 each year.

With the recurring payment increasing to 17,500 per year and the interest rate remaining at 8%, find the new Future value by keying in the following inputs;

Recurring payment; PMT = - 17,500

Interest rate ; I/Y = 8%

Total duration of investment; N = 10

PV = 0

then compute Future value; CPT FV = 253,514.843

Therefore, in 10 years, you will have saved $253,514.84.

c. Determine the amount saved if you deposit $15,000 each year, but with 10 percent interest.

It is still an ordinary annuity question , however, the recurring payment(PMT) will be 15,000 as before but with an annual interest rate(I/Y) of 10%. Using a financial calculator, key in the following inputs;

Total duration of investment; N = 10

Recurring payment; PMT = -15,000

Interest rate ; I/Y = 10%

PV = 0

then compute Future value; CPT FV = 239,061.369

Therefore, in 10 years, you will have saved $239,061.37 .

7 0

2 years ago

In the life cycle theory of consumption, the motive to save is:A.To be able to open a business.B.To become wealthy.C.To leave a

DanielleElmas [232]

Answer: To afford to retire

Explanation: The life cycle theory was established by Modigliani in 1957. This theory states that a rational individual manages its expenses with the motive of saving sufficient amount till his or her retirement.

As per this theory, the individual consumes almost same amount of income which leads to the situation of borrowing in times of low income and savings in times of high income.

However the minor differences leads to savings high than borrowings in times of low income the individual significant lowers his or her capital expenditure.

4 0

3 years ago

Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used

Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

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2 years ago

At ch2m hill, dan anderson, planning project manager, suggests that in a flat structure like theirs, at times project manage

belka [17]

The style of leadership that most directly aligned with this behavior is SUPPORTIVE.
A supportive leadership style is one which seeks to reduce the employees' stress and frustration at the work place by motivating them. This style is especially effective, if the type of work that the employees are undertaking is stressful, dangerous and tasking.

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3 years ago

Stretch goals" can be described as

inn [45]

You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.

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3 years ago