What are some of the roadblocks to economic development in west africa?

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha

garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month Purchased Paid

August $40,000 $16,000

September $36,000 $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases = 0.60 x $ 40,000 + 0.40 x $ 36,000

= $ 24,000 + $ 14,400 = $ 38,400

5 0

3 years ago

Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li

mr Goodwill [35]

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

brainly.com/question/24518056

5 0

2 years ago

Brooks Corporation can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution ma

Rus_ich [418]

Answer:

D. Make Plain which creates $6 more profit per machine hour than Fancy does

Explanation:

Brooks Corporation can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution margin of $72 and takes two machine hours to make and Fancy has a unit contribution margin of $90 and takes three machine hours to make. There are 2,400 machine hours available to manufacture a product.

Brooks should make Plain which creates $6 more profit per machine hour than Fancy does.

4 0

3 years ago

NZMA stock is currently selling for $128. Which of the following options is "in-the-money"? March 130 call March 125 put Februar

Vikki [24]

Answer:

February 125 call

Explanation:

Because, the expression "in the money" means to a situation when the market price of the asset is higher than the strike price for a call or lower than the strike price for a put. The correct answer is the only option that reach this feature

3 0

3 years ago

It is now January 1, 2018, and you are considering the purchase of an outstanding bond that was issued on January 1, 2016. It ha

kipiarov [429]

Answer:

YTM is 7.54%.

Explanation:

The yield to maturity can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = number of years to maturity = original maturity number of years - number of years between January 1, 2016 and January 1, 2018 = 20 - 2 = 18

pmt = annual coupon payment = face value * annual coupon rate = 1000 * 9% = 90 (Note: This is an inflow to the bondholder and it is therefore a positive figure).

pv = present value = current bond price = -1141.20 (Note: This is an outflow to the buyer of the bond and it is therefore a negative figure).

fv = face value of the bond = 1000 (Note: This is an inflow to the bondholder and it is therefore a positive figure).

Substituting the values into equation (1), we have:

YTM = RATE(18,90,-1141.20,1000) ............ (2)

Inputting =RATE(18,90,-1141.20,1000) into excel (Note: as done in the attached excel file), the YTM is obtained as 7.54%.

Therefore, YTM is 7.54%.

Download xlsx

7 0

3 years ago