Answer:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Explanation:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
Answer:
$236,900
Explanation:
Computation for net cash provided by operating activities using the indirect method
Net income $228,900
Add : Account receivables $80,000
Less: Prepaid expenses ($28,500)
Less :Inventories ($43,500)
NET CASH by OPERATING ACTIVITIES $236,900
Therefore net cash provided by operating activities using the indirect method is $236,900
Answer:
The yield to maturity is 6.45%.
Explanation:
Yield to Maturity (YTM) is the long term yield on the bond based on the assumption that the bond is held till maturity. The Yield to Maturity is calculated using the formula as shown in the attachment,
The coupon payment on bonds is = 1000 * 0.07 = 70
YTM = ( 70 + (1000 - 1038.5)/9 ) / ((1000 + 1038.5) / 2)
YTM = 0.06448 or 6.448% rounded off to 6.45%
