Answer: Account manager
Explanation: The account manager is that salesman of a company who is responsible for managing sales and relationship with particular customers of the company. The account manager is assigned accounts of customers of which he has to maintain relationships with.
The main focus of account manager is to manage sales with customers and identify new business opportunities if any.
Thus, Account manager is the right answer for the given case.
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Answer:
3.5%
Explanation:
We will apply asset pricing model to calculate cost of equity (required rate of return). The capital asset pricing model is stated as below:
Cost of equity = Risk-free rate + Beta x Market risk premium
Putting all the number together, we have:
Cost of equity (Beale) = 5.5% + 1.8 x (9% - 5.5%) = 11.8%
Cost of equity (Foley) = 5.5% + 0.8 x (9% - 5.5%) = 8.3%
Cost of equity (Beale) - Cost of equity (Foley) = 11.8% - 8.3% = 3.5%
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<em>Note: You can also do quick calculation as below:</em>
<em>Cost of equity (Beale) - Cost of equity (Foley) = (Beta of Beale - Bete of Foley) x Market risk premium = (1.8 - 0.8) x (9% - 5.5%) = 3.5%</em>
Answer: Statement A
Explanation: Convertible bonds is a type of bond security which gives its holder the right to convert each bond to a specified number of shares. These are hybrid securities having features of both equity and debt.
.
Warrants are securities that give their holder the right to purchase the common shares of the company at a specified price and before a certain time period.
.
Thus, from the above explanation we can conclude that statement A is correct.
Answer:
$84,000
Explanation:
Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :
Raw Materials T - Account
Debit :
Beginning Inventory $26,000
Purchases $148,000
Total $174,000
Credit:
Requisitioned in Manufacturing $90,000
Ending Inventory<em>(Balancing figure) </em>$84,000
Total $174,000
Therefore, the cost of the ending inventory of Direct Materials is $84,000
