The answer is C. Anywhere to rent/buy a car or any time of loan looks at your credit history. Employers are supposed to be unbiased and fair when considering candidates for job interviews and can not discriminate based on gender, race, sexual orientation, your credit, and a few other things.
Answer:
The best illustration of a firm adhering to the goal of financial management is:
b. Decrease in the per-unit production costs
Explanation:
Financial management is the process by which a firm plans, controls and monitors their financial resources to ensure that the cost is minimized, while at the same time maximizing their profit. Since financial resources is the fuel that drives a business, its usage has to be managed to ensure short-term and long-term financial success. This is done by increasing the value creating efficiency with very minimal financial resources. To achieve the goal of financial management, various strategies have to be applied to achieve this goal. They include;
1. Financial planning: good financial management indicates that a firm needs have prior information on how their business operates. With this information, the financial managers can therefor plan for the future. Each firm has it's organizational and operational financial needs. These needs if known earlier, a financial plan can be drafted and implemented to adequately meet these needs.
2. Budgeting: this is a tool that can be used to know how much a firm is willing to spend in terms of cost. Budgets are usually broken down into categories in order to know which sectors utilize the highest amount of financial resources to minimize wastage.
3. Risk management: a firm needs to first assess sources and levels of risk, then mitigate against the risk. Risk mitigation if done appropriately can help save on costs associated with the risk.
4. Monitoring: all the strategies applied need to be constantly evaluated to ascertain that they are productive. This is beneficial in determining the strategies that work and those that need improvement.
In our case the best illustration of a firm adhering to the goal of financial management is a decrease in the per-unit production costs.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,200
To Service revenue $2,200
(Being cash is received)
Since the cash is received so we debited the cash account and credited the service revenue account as the service is completed which create an income for the business organization.
We do not write unearned service revenue as the amount is actually received from the customer
Answer: 40.8824 million
Explanation:
From the question, we are informed that Dye Trucking raised $290 million in new debt and used this to buy back stock and that after the recap, Dye's stock price is $8.5.
If Dye had 75 million shares of stock before the recap, the number of shares that it'll have after the recap goes thus:
The number of shares repurchased is:
= $290million/$8.5
= 34,117,647
= 34.1176 million
Shares after the recap will now be:
= 75 million - 34.1176 million
= 40.8824 million
Answer:
Option (a) is correct
Option (b) is correct.
Explanation:
In April:
Total raw material needed for production:
= Production units × raw material required for one unit of FG pound
= 45,000 × 1
= 45,000 pounds
Closing raw material to be maintained = 30% of 38,000
= 11,400
In May:
Total raw material needed for production:
= Production units × raw material required for one unit of FG pound
= 38,000 × 1
= 38,000 pounds
Raw material to be purchased:
= Total raw material needed for production + Closing raw material to be maintained - Opening raw material
= 38,000 + (42,000 × 30%) - 11,400
= 38,000 + 12,600 - 11,400
= 39,200 pounds
In June:
The Desired beginning inventory for June is equal to the closing inventory of May, i.e, 12,600 pounds.