<u>Calculation of Days Payable Outstanding:</u>
Days Payable Outstanding can be calculated using the following formula:
Days Payable Outstanding = (Accounts
Payable *365) / Cost of Goods Sold
= (8,773*365)/45,821
= 69.88
Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.
Answer:
<em>D) $56,000</em>
Explanation:
<em>Amy's annual salary + benefits = annual salary + bonuses + 401K employer matched up contributions = $48,500 + $5,000 + $2,500 = $56,000</em>
<em>The 401K matched up contributions are considered a benefit because the employer has no legal obligation to pay them.</em>
<em>and its right on e2020 (edge-nuity)</em>
Answer:
monthly mortgage interest is less than monthly lease cost
Explanation:
4% of 1000000
= $40,000 per year
Per month: 40000/12
= %3,333.33
Monthly mortgage interest is less than monthly lease cost
Answer:
C) 200 percent profit; 100 percent loss.
Explanation:
There is a 50% chance that the company will make profit (20% profit) and 50% chance that it will lose money (20% loss).
Balin borrows $90 and invests $10 from his own money.
50% profit chance = $120 - $90 = $30 (200% profit)
50% loss chance = $80 - $90 = -$10 (100% loss)
Answer:
The answer is D. The central bank announced its intention to take appropriate measures to ensure that inflation stays within control.
Explanation:
The central bank announcing its intention to take appropriate measures to ensure that inflation stays within control may translate into slowing down of economic growth since the central banks usually use contractionary monetary policy to fight inflation which slows down the economic growth. The central bank will raise interest rates to make lending more expensive. which in turn will reduce the amount of money and credit that banks can lend. It lowers the money supply by making loans, credit cards, and mortgages more expensive.