Answer:
28.85
Explanation
Keanu has decided to save a fixed amount of 70,000 for a given period. We would need to calculate the number of years to achieve 7,796,223 using the FVIFA formula (Future value interest for an annuity)
Fixed payment× FVIFA=Future value
<em>FVIFA</em> =
where r is the periodic rate (9%)
and n is the number of periods
therefore; 70000×=7796223
=(7796223×0.09)/70000
n=27.85
However, since Keanu will not invest until the end of the first year, he will spend 28.85 years to achieve his goal
Answer:
Increase of $30,000
Explanation:
Increase in Company asset- Increase in liabilities
Increase in Company asset =$55,000
Increase in liabilities =$25,000
Hence:
$55,000 -$25,000
=$30,000
Therefore the change in equity of the company must have an increase of $30,000
Answer: Option A
Explanation: Vendor managed inventory refers to a framework in which the buyer let the vendor to take full responsibility to maintain the inventory level as per the buyer's consumption. Under this, the buyer provided the complete information to thew vendor.
Forward inventory placement refers to placing the inventory closer to the customer.
Hence from the above we can conclude that vendor management will bring the inventory closer to the customer.
The length of the cash conversion cycle for a firm with $3 million in inventory is 70.41 days.
<h3>How to calculate the days?</h3>
Days of inventory outstanding= 365/ Inventory turnover
Formula for calculating inventory turnover:
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $18 million / $3 million
= 6
Days of inventory outstanding= 365/ 6 = 60.83 days
Days of payable outstanding= 365/ Payables turnover
Payables turnover = Cost of Goods Sold/ Average Payables
= $18 million / $1.5
= 12
Days of payable outstanding= 365/ 12
= 30.42 days
Cash conversion cycle= Days of inventory outstanding + Days of sales outstanding – Days of payables outstanding
= 60.83 days + 40 days - 30.42 days
= 70.41 days.
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Answer:
The correct answer is option c.
Explanation:
A payoff matrix is a table that shows the payoff of two players according to the strategies they adopt. The rows show the strategies of one player and the columns show the strategies of the other and cells show payoff.
It is very important in game theory as it summarizes what return or payoff each player is getting according to its action or strategy.
It helps in determining whether a dominant strategy of players and Nash equilibrium exists or not.