Answer:
Identifying alternative course of action
Explanation:
In this scenario Sophia made an initial financial plan in which she would travel around the world.
As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.
This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.
Answer:
E.
Explanation:
Based on the information provided within the question it can be said that you will be purchasing janitorial services. This is because from the description of your job tasks, you handle purchases of services. That being said the only service available to choose from the answers provided are janitorial services. Therefore it is the only option that falls into your job responsibilities.
Answer:
See below
Explanation:
Given the above information, first we'll compute net proceeds
Cash received $7,200,000 × 86%
$6,192,000
Add:
Due from factors $7,200,000 × 9%
$648,000
Less;
Recourse obligation
($5,000)
Net proceeds
$6,835,000
Answer: Money Supply Decrease of $50 million.
Explanation:
$40 million was deposited while $50 million was withdrawn.
The net change in the banking system would therefore be,
= 40 - 50
= -$10 million
($10 million ) means that more money left than came in.
The money supply can be calculated as the net change multiplied by the money multiplier.
The Money Multiplier is denoted as 1/reserve requirement.
Change in Money Supply is,
= -10 million * 1/20%
= -$50 million
Going by the negative number it means that Money Supply reduces by $50 million.
The price at which the stock should sell is $61.54.
Using this formula
Stock selling price=Preferred stock annual dividend/Preferred stock required return
Where:
Preferred stock annual dividend=$4.00 per share
Preferred stock required return=6.5% or 0.065
Let plug in the formula
Stock selling price=$4.00/0.065
Stock selling price=$61.538
Stock selling price=$61.54 (Approximately)
Inconclusion the price at which the stock should sell is $61.54.
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