Answer:
The annualized return is 14.82%
Explanation:
The formula for annualized return is given as Annualized return = (1+ holding return)12/n - 1
Holding return is 8.4%
n is the holding period of 7 months
Annualized return =(1+0.084)^(12/7)-1
Annualized return =14.82%
It is wrong to simply calculate annualized return as 8,4%*12/7,which means one is taking the interest to annual interest by proportional method,as this gives 14.40%, in investment every basis point counts.
The difference between the two figures is 0.42% which could translate into millions depending on the amount invested as well as the duration of investment
Given:
400 shares of Google
399.75 per share
2% commission on purchase price.
400 shares * 399.75/share = 159,900
159,900 x 1.02 = 163, 098
The total to Bee Sting is $163,098
In subsistence farming, people generally grow :
D. only enough to feed their families
subsistence farming refer to a farming technique for self-sufficiency (not commercial)
hope this helps
Answer: broad span of control
Explanation: Reorganizing and eliminating layers of management in order to remain profitable often results in a broad span of control. When layers of management are eliminated, organizations tend to get flatter (a flat organization consists of fewer layers of management), spans of control (which are the areas of activity and number of functions, these managers are responsible for) get wider, and the remaining managers usually empower employees to make more decisions due to wider spans of control.
Answer:
The correct answers are the following options:
After recording the transaction, total assets will always equal total liabilities plus equity.
The accounting equation must always remain in balance
Explanation:
To begin with, the name of <em>"Accounting Equation"</em> is famously known in the business field due to the fact that it is a concept from the accountant of companies and in fact a very important one. The accounting equation represents the sum between the equity and the debts of the company that will always give the total assets of the company. It is considered to be the foundation of the double-entry accounting system, so that is why it is so important. Moreover, under its doctrine, it proves that the balance sheet must always remain balance.
