Its B, Professional and business services. I just took the test.
Answer: Composition
Explanation:
The company owes $150,000 and would pay $0.50 on every dollar immediately.
The cash payment required of the company would therefore be:
= Amount of debt in $ - Amount to be paid per dollar.
= 150,000 * 0.5
= $75,000
Timing of payment is immediately.
A composition refers to an agreement between a debt and its creditors that would allow it to pay off part of its debt in lieu of the total value. This is usually done when the debt risks being insolvent or bankrupt but can still pay off part of its debt.
The agreement would enable it pay off some of the debt and the entire debt would be written off. The benefit to the debtor is that they avoid bankruptcy and the benefit to the creditor is that they get more than they would have gotten had bankruptcy been declared.
A composition is what happened here as a part of debt was paid to satisfy the full thing.
Idk never heard of this before
Answer:
3 years
Explanation:
<u>First method</u>
The PV of the investment can be written as:
PV1 = $15,000 + $32,500/(1+0.06)^n
<u>Second method</u>
The PV of the investment can be written as:
PV2 = $23,000 + $23,000/(1+0.06)^n
After n years both projects will be economically equal. Hence their present value must be equal PV1 = PV2
$15,000 + $32,500/(1.06)^n = $23,000 + $23,000/(1.06)^n
$23,000 - $15,000 = $32,500/(1.06)^n - $23,000/(1.06)^n
$8,000 = $9,500/(1.06)^n
(1.06)^n = $9,500/$8,000
(1.06)^n = 1.1875
Taking log on both sides we get:
nlog1.06 = log 1.1875
n = log 1.1875/log 1.06
n = 0.07463361829/0.02530586526
n = 2.94926166417121
n = 3
So, the answer is 3 years
Answer:
1. Executive Information System (EIS).
2. Corporate Portal.
3. Intranet.
Explanation:
Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.
Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.
1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.
2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.
3. Intranet: it's an internal company network which is private and provides employees with easy access to information.
