Answer:
I believe that your question is missing a couple of options. I searched for similar questions and they all included the one option I am looking for (see attached image):
If the budget is continuously updated, checked and revised every quarter, and the company's tax year ends December 31, then the next first quarter is going to be January - March. This means that at the end of March, the budget will be revised and updated, and these changes will apply to the following year which stars on April 2017 and ends on March 2018.
The correct option would be:
- April 2017 to march 2018.
In order for option A to be correct, the company's tax year should end on October. For option B to be correct, the tax year should end on November. Finally, for C to be correct, the tax yer should end on August.
We have:
Net Income = 2,400
Beginning total assets = 30,500
Ending total assets = 20,000
Return on asset is net income divided by average total assets.
Average total assets = ( beginning total assets + ending total assets)/2
= (30500 +20000)/2
= 25,250
Return on asset = net income/ average total assets
= 2400 /25250
=9.50%
Therefore, Return on asset would be 9.50%.
Answer: $93,000
Explanation:
Flare Co. manufactures textiles. As such the direct labour should be those directly involved in the Manufacturing of these textiles and all others will be considered Indirect Labour.
Looming refers to the weaving of fabric meaning therefore that it is directly related to the Manufacturing of textiles.
Factory Foremen only supervise the activities of the factory and so are not directly involved and Machine Mechanics ensure that machines are running smoothly and so are not directly involved either.
Indirect labor for 2016 is therefore,
= Factory Foremen + Machine Mechanics
= 54,000+ 39,000
= $93,000
Answer:
The current price of the stock is $99.76
Explanation:
The price of a stock which pays a constant dividend throughout for an indefinite period of time can be calculated using the present value of perpetuity formula. The stock qualifies as a perpetuity as it pays a constant cash flow after equal intervals of time and for indefinite time period.
The formula for the present value of perpetuity is,
Present Value = Cash Flow or Dividend / r
Where,
Present value = 4.18 / 0.0419
Present value = $99.76
So, the current price of the stock is $99.76
