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4 years ago

8

Shaun Barringer has started on his first job. He plans to start saving for retirement. He will invest 4,133 at the end of each y

ear for the next 44 years in a fund that will earn an annual return of 11 percent. How much will Shaun have at the end of this period?

1 answer:

ser-zykov [4K]4 years ago

5 0

Answer:

The correct answer would be, $3,594,524

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The cost of grading and spreading gravel on a curvy rural road is expected to be $300,000. The road will have to be maintained a

Andrej [43]

Answer:

1.51

Explanation:

Calculation for the conventional B/C ratio

First step is to calculate B

B = $900,000(200%) -$900,000

B= $1,800,000-$900,000

B=$900,000

Second Step is to calculate C

C = $300,000 + $26,000(P/A,6%,20)

C= $300,000 + $26,000(11.4699)

C=$300,000+$298.218

C= $598,218

Last step is to calculate B/C ratio

Using this formula

B/C ratio=B/C

Let plug in the formula

B/C ratio = 900,000/598,218

B/C ratio= 1.5044

B/C ratio=1.51 Approximately

Therefore the conventional B/C ratio will be 1.51

4 0

3 years ago

Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe h

Ket [755]

Answer with Explanation:

The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.

However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.

The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.

8 0

3 years ago

FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga

Tomtit [17]

Answer:

The correct answer is "corporate strategy"

Explanation:

FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the organization should take over the next five years. The focus of this team is to increase their clientele in Europe. The company is keen on taking advantage of the opportunities and avoiding threats in the changing environment. This team is involved in developing the corporate strategy for the organization.

Corporate Strategy takes a group of people to take strategic decisions making by looking across all of a firm’s businesses to determine how to create the most value to achieve company objectives while achieving a competitive advantage.

4 0

3 years ago

Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou

Natali5045456 [20]

Answer:

C- $3,400

Explanation:

The Karla Salons has leased equipment from Smith Co. in a finance lease. The Smith Co will record the interest receivable from the Karla Salons in its income statement. The Karla Salons will record lease obligations in its balance sheet. Under the new ASU, the interest revenue which Smith Co. will record in its income statement is $3,400 for the year 2016.

5 0

3 years ago

The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July bank service charge not

Alexus [3.1K]

Answer:

1. Adjusted cash balance per bank $13,760

Adjusted cash balance per books $13,760

2. Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

Explanation:

1. Preparation of a Bank reconciliation statement

at July 31, 2022

CRANE COMPANY

Bank Reconciliation

July 31,2022

Cash balance per bank statement $11,136

Add: Deposits in transit $4,544

Less: Outstanding checks ($1,920)

Adjusted cash balance per bank $13,760

Cash balance per books $11,264

Add: Electronic Funds transfer Received $2,560

Less: Bank service charge ($64)

Adjusted cash balance per books $13,760

2. Preparation of the adjusting journal entries at July 31 on the books of Crane Company.

Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

7 0

3 years ago