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4 years ago

Which of the following statements is true of organizations that practice the entitlement approach?

Business

1 answer:

Vesna [10]4 years ago

6 0

Answer:

Explanation:

Employee rewards vary little from person to person and are not much based on individual performance differences.

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Trevor Williams’ bank calculates interest daily. At an APR of 3%, how much simple interest does $2,000 earn in twelve days?

pishuonlain [190]

The answer is $1.97.

6 0

3 years ago

Read 2 more answers

Privett Company Accounts payable $33,264 Accounts receivable 67,719 Accrued liabilities 6,039 Cash 20,980 Intangible assets 39,9

xz_007 [3.2K]

The total amount of quick assets is equal to $119,232. therefore, Option B is the correct statement.

<h3>What are Quick Assets?</h3>

Quick assets encompass cash available or current assets like accounts receivable that may be transformed to cash with minimum or no discounting.

Companies have a tendency to use the short assets to cover short-time period liabilities as they arrive up, so speedy conversion into cash (excessive liquidity) is critical.

Inventories and prepaid expenses aren't quick assets due to the fact they may be hard to transform into cash, and deep discounts are sometimes needed to do so.

The amount of quick assets is equal to Accounts receivable plus Cash plus Marketable securities.

Quick assets = $67,719 + $20,980 + $30,533

Quick assets = $119,232

Hence, the total amount of quick assets is equal to $119,232. Option B is the correct statement.

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5 0

2 years ago

Suppose a bakery reports this information: beginning raw materials inventory $4,000 ending raw materials inventory 3,000 beginn

photoshop1234 [79]

To calculate cost of direct materials used, you take Purchases of raw materials and subtract the change in raw materials. The idea is that the cost of raw materials used will be however much raw materials decreased during the period plus the purchase of raw materials. Beginning raw materials is 4000, and ending raw materials is 3000, a change of -1000. Purchases of raw materials were 99,000. The Cost of Direct Materials is 99,000 - (-1000) = 100,000.

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3 years ago

Assume the following information:Spot rate today of Swiss franc = $.60 1-year forward rate as of today for Swiss franc = $.63 Ex

Naddika [18.5K]

Answer:

12.35%

Explanation:

Data provided in the question:

Spot rate today of Swiss franc = $0.60

1-year forward rate as of today for Swiss franc = $0.63

Expected spot rate 1 year from now = $0.64

Rate on 1 year deposits denominated in Swiss francs = 7%

Rate on 1 year deposits denominated in U.S. dollars = 9%

Amount invested = $1,000,000

Now,

Amount with Swiss franc = Amount invested ÷ Spot rate today of Swiss franc

= $1,000,000 ÷ 0.60

= $1,666,666.67

After 1 year = $1,666,666.67 × ( 1 + 0.07)

= $1,783,333.33

1 year Forward value = $1,783,333.33 × 0.63

= $1123499.99

Therefore,

Yield = [ $1123499.99 - $1,000,000 ] ÷ $1,000,000

= 0.1235

= 0.1235 × 100%

= 12.35%

3 0

3 years ago

The discounted payback period Blank _____ account for the time value of money, and the payback period Blank

kondor19780726 [428]

The discounted payback period does account for the time value of money, and the payback period does not.

<h3>What is discounted payback period?</h3>

A method of capital budgeting used for determining a project's profitability is known as discounted payback period. This will be done by recognizing the time value of money and by discounting cash flows of the future.

The payback period is the amount of time it takes for an asset's net cash flows to pay back the amount invested in it. It's a quick and easy technique to assess the risk of a given project.

The advantage of this method is utilized in selecting the projects as this method helps to determine the profitability of any project by identifying measures to reach the break-even point in any project.

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8 0

2 years ago