Answer:
4.6%
Explanation:
The computation is shown below:
= (Interest on assets - Interest on liabilities) ÷ (Total earning assets)
where,
Interest on assets = (8% + 2% × $700) + 8% × $300
= $70 + $24
= $94
Now the interest on liabilities equal to
= 5% × 400 + (5% + 2% × 400)
= $20 + $28
= $48
So, the net interest margin equal to
= ($94 - $48) ÷ ($1,000)
= 4.6%
Answer:
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
Explanation:
The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.
Answer:
C. Assets are understated
Explanation:
In terms of IAS 2, Inventory cost include, the <em>purchase cost</em> , <em>conversion cost</em> and all <em>other costs directly related</em> to bringing the inventory in the correct location and condition intended for sale by the company.
The Company has not included <em>shipping costs</em> of $100 to inventory cost, hence inventory is understated and consequently this overstates the <em>cost of goods sold</em> and understate the Inventory , gross profit and net income by $100
Selling Expenses have been accounted for in error, therefore<em> Operating Expenses</em> are Overstated and <em>Net Income</em> understated by $100
Answer:
a. is now lower than it was before, and so Hydro Grow is less likely to build the building.
Explanation:
The interest rate increase will reduce the net present value of the project as the lenders of fund will demand more interest and since the Weighted Average Cost of Capital of the project will increase. The increased WACC will cause the project to be more riskier and since the future benefit of the project will be reduced.
Answer:
d.
Explanation:
religion being somewhat of a taboo subject among researchers
Most researchers especially science researchers don't believe there exist any religion. Some of them are free thinker, they believe things just happened through evolution.
