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4 years ago

If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

1 answer:

6 0

A Company needs three ledgers if it has three bank accounts for processing payments. Three ledgers need for each of the bank accounts.

This three ledger provide more efficient and effective in maintaining each of the accounts and the payment process related to the account. This method will make the bank reconciliation process easier too.

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Exercise 9-15A (Static) Using the current ratio to make comparisons LO 9-7 The following information was drawn from the balance

kiruha [24]

Answer:

a. 1.5 and 1.8

b. Montana

Explanation:

Below is the calculation for the current ratio:

a. Formula used, Current ratio = Current assets / Current liabilities

Current ratio of Kansas = 59000 / 40000 = 1.5

Current ratio of Montana = 78000 / 43000 = 1.8

b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.

6 0

3 years ago

Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $5.10 per share. If the required

DerKrebs [107]

Answer:

PV = $78.46153 rounded off to $78.46

Explanation:

A perpetuity is an unlimited series of cash flows that are of constant amount and occur after equal intervals of time. As they are unlimited in number, we say that they are perpetual. A perpetual preferred stock can also be said to be in form of a perpetuity as it pays a constant dividend after equal intervals of time. To calculate the price of the preferred stock, we use the present value of perpetuity formula which is,

PV = Cash flow / r

Where,

r is the required rate of return

PV = 5.1 / 0.065

PV = $78.46153 rounded off to $78.46

4 0

3 years ago

For each decision, state whether the company is following a cost leadership or a product differentiation strategy.

Oxana [17]

The strategies the companies are following in each case are;

1)Cost leadership strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

<h3>What Is Cost Leadership Strategy? </h3>

Cost leadership is known to be a kind of a business-level methods that is often used by people or by companies who are interested to gain a competitive advantage by acting as the lowest-cost producer of a product, service, production process, or others.

Therefore, The strategies the companies are following in each case are;

1)Cost leadership strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

Learn more about Cost leadership strategy from

brainly.com/question/14395542

#SPJ1

4 0

2 years ago

Harry Corporation's common stock currently sells for $180 per share. Harry just paid a dividend of $10.18 and dividends are expe

Anastasy [175]

Answer:

$190.64

Explanation:

Data provided in the question:

Current selling price of shares = $180 per share

Dividend paid = $10.18

Expected growth rate, g = 6% = 0.06

Required rate of return, r = 12% = 0.12

Now,

The dividend for the following year to the next year, D1 = $10.18 × (1 + g)ⁿ

here, n = 2 ( i.e the duration of next year and the following year )

thus,

D1 = $10.18 × (1 + 0.06)²

D1 = $11.438

Therefore,

Price of stock one year from now = $\frac{\textup{D1}}{\textup{(r-g)}}$

= $\frac{\textup{11.438}}{\textup{0.12-0.06}}$

= 190.637 ≈ $190.64

7 0

3 years ago

Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un

qaws [65]

Answer: (D) Clan culture

Explanation:

The clan culture is one of the type of friendly type corporate environment in an organization and it is also known as collaborative culture. Clan culture is one of the element of corporate clan culture model.

There are many types of advantage of clan culture in an organization are as follows:

Clear communication
Increase in company productivity
Increase in organization growth

According to the question, Jason and the Jill are the owner of the company an they always encourage and also motivate their employees. They also try to increase the job satisfaction among the employees and they try to built the clan culture in the company.

Therefore, Option (D) is correct.

3 0

3 years ago