Answer:
3.7 years
Explanation:
Given that,
Initial investment = $354,000
Net income = $47,000
Depreciation = $48,000
Annual cash flow:
= Net income + Depreciation
= $47,000 + $48,000
= $95,000
Payback period:
= Initial investment ÷ Annual cash flow
= $354,000 ÷ $95,000
= 3.7 years
The payback period of the project is closest to 3.7 years.
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Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.
Based on the information given we were told that the cash amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.
Therefore the correct journal entry to record the transaction is:
Debit Cash $100,000
Credit Bonds payable $100,000
(To record bonds payable)
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Answer:
The societal marketing concept
Explanation:
Societal marketing refers to the marketing idea that maintains that a firm should make creative decisions not only through taking into account the needs of customers, the criteria of the corporation, but also the lengthy-term interests of society.
The principle of societal marketing holds that the role of the company is to assess a target market's desires, wishes and preferences and to produce the desired satisfactions more effectively and efficiently than rivals in a manner that maintains or improves the very well-being of all individual consumers and general society.
Answer:
R21,69
Explanation:
Minimum wage is least amount a worker can earn in a particular country according to the legislation of that country.
According to the Employment and Labour minister TW Nxesi, he announced that the National Minimum Wage (NMW) for each ordinary hour worked has increased from R 20,76 to R 21,69 for the year 2021 effective from 01 March 2021.
The NMW legislation came into effect in South Africa on 01 January 2019 at a level of R 20 per hour. In terms of NMW act of 2018, the policy framework is a floor level below which no employee should be paid.
So, <u>the minimum wage in South Africa as at 2021 is R 21,69</u>