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oksian1 [2.3K]
3 years ago
15

Our entrepreneur in problem 4 above is trying to set up a well-organized office filling system that will make it easier (and les

s costly) for the company’s accountant to do their work. The accountant has told the entrepreneur to put all Profit and Loss source documents in one file and all Balance Sheet items in another file. The entrepreneur has made a list of every piece of paper she can think of and a checklist to help get the filing system organized. How would you complete this checklist to get the financial files organized? Answer the following 13 questions to show how you would organize the files for the accountant.
1. Sales receipts
2. Bank statements showing cash in the bank
3. Payrolls from your payroll firm that have bccn paid
4. Receipts for business travel
5. Utility bills paid
6. Orders for supplies that you have 60 days to pay
7. Receipts for major equipment purchases
8. Insurance premiums paid
9. Rent paid for office space
10. Advertising bills paid
11. Bounced checks from customers for prior sales
12. Statement showing balance due on bank loan
13. Credit card statements showing balances due
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

Profit and Loss file

Sales receipt

Payrolls from your payroll firm that have been paid

Receipt for business travel

Utility bills paid

Insurance premium paid

Rent paid for office space

Advertising bills paid

Balance sheet file

Bank statement showing cash in the bank

Order for suppliers that you have 60days to pay

Statement showing balance due on bank loan

Credit card statement showing balances due

Bounced checks from customers for prior sales

Explanation:

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Business Solutions is expected to pay its first annual dividend of $.84 per share in Year 3. Starting in Year 6, the company pla
ra1l [238]

Answer:

Ans. the value of the stock today is $6.31

Explanation:

Hi, we need to bring to present value all the cash flows of this stock, that is bringing to present value the cash flows from year 1 through 6 and the horizon value which is the value in year 6 of the cash flows from 6 and beyond.

The formula to use for the dividends from year 1 - 6 is:

PresentValue=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

r = is the discount rate

n = number of consecutive dividends

And the present value of the horizon value is:

PV(Horizon)=\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

So everything together is:

Price=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }+\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

Now, the numbers

Price=\frac{0.84((1+0.144)^{6}-1) }{0.144(1+0.144)^{6} }+\frac{0.84*(1+0.02)}{(0.144-0.02)} *\frac{1}{(1+0.144)^{6} }=3.23+3.08=6.31

So based on the future cash flows of this share, its fair price is $6.31

Best of luck.

7 0
3 years ago
Once production is completed in all processing departments, production costs are transferred to ______.
Fed [463]
The answers is finished goods
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2 years ago
In the budget constraint framework, when the price of a good rises and demand for the other good decreases, what can you say abo
nignag [31]

Answer:

The increase in demand of the product with the higher price or decrease in demand for the other goods is because the substitution effect is outweighed by the income effect of price increase.

Explanation:

The above explanation in economics refers to Giffen Good. The idea behind this concept Giffen is that if you do not have money and there is an increase in the price of a fundamental product such as bread, it is still impossible to afford other alternatives, hence you will go ahead to buy bread or avoid buying any of the product. Hence, the demand for other product will also decrease in this case. This means that the demand for product with higher price or decrease in other substitute product is due to the fact that the income effect outweighs the substitution effect. Hence people do not have the money to even afford the alternative product.

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Explanation:

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