Answer:
The correct options are:
- A. It is used to avoid the time and cost of writing checks for small amounts.
- C. It is established to pay for small payments like postage, shipping fees, etc.
- E. It is an asset reported on the balance sheet.
Explanation:
A Petty Cash Fund is a small amount of money that is kept on hand to be used in covering for the making of purchases that are too small to bother to write a check. Money from the petty cash fund can be used to pay for minor expenses such as postage, cab fares, shipping fees or office supplies.
Petty cash fund appears in the balance sheet on the current assets section. This is because line items in the balance sheet are sorted according to their order of liquidity. Since petty cash is highly liquid, it always appears near the top of the balance sheet.
Answer:
HAZARD INSURANCE is included as part of a fixed expense in the calculation of net operating income(also ppty taxes).
Explanation:
Mortgage payments are not considered as opex because they are not directly associated with the maintenance and operation of the property.
Hazard insurance is coverage that protects a property owner against damage caused by fires, severe storms, earthquakes, or other natural events. As long as the specific weather event is covered within the policy, the property owner will receive compensation to cover the cost of any damage incurred. Typically, the property owner will be required to pay for a year's worth of premiums at the time of closing, but this will depend on the exact details of the policy.
Your company could use your car as collateral. and they can also use your home (i think). or your paycheck
Answer:
The maximum amount that an onvestor would be willing to pay for the stock today is $76.47
Explanation:
The constant growth model of the dividend growth adn DDM aproach will be used to calcualte the value of the stock as its dividends will grow by a constant percentage forever.
The price of the stock today based on this model will be,
P0 = D1 / r - g
Where,
D1 is the dividend expected for next year
r is the required rate of return
g is the growth rate in dividends
P0 = 5.2 / (0.14 - 0.072)
P0 = $76.47
