Answer:
Take out a small business loan.
Explanation:
A small loan is a way, based on your credit, to establish a way to raise money.
Answer:
The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.
Explanation:
Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.
Formula used for calculation =
AMOUNT OF SALES OUTSTANDING IN DAYS
+
AMOUNT OF INVENTORY OUTSTANDING IN DAYS
+
AMOUNT OF PAYABLE OUTSTANDING IN DAYS
Answer:
Explanation:
Given:
Discount = original price × discount fraction
Discounted price = original price - discount
Discount fraction = 20%
= 20/100
A.
Original price of shirt = $x
Original price of hat = $(x + 10)
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $(x + 10)
- 0.2$(x + 10)
= $0.8 × (x + 10)
Difference of discounted price of hat to shirt = 0.8(x + 10) - 0.8x
= $8
B.
Original price of shirt = $x
Original price of hat = $ 1.5 × x
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $ 1.5 × x
- 0.2 × $ 1.5 × x
= $ 1.2x
Difference of discounted price of hat to shirt = 1.2x - 0.8x
= $ 0.4x
Answer:
2.96% will be effective rate of the investment
Explanation:
First year:
1,000 x 1 + 10%) = 1,100
<em><u>Second year: </u></em>
1,100 + 3,000 = 4,100 invesmtent balance
4,100 x (1 - 5%) = 3,895
<em><u>Third year:</u></em>
3,895 + 2,000 = 5,895
5,895 x (1 + 2%) = 6012.9
<em><u>Fourth year:</u></em>
6012.9 + 500 = 6512.9
6,512.9 x (1+ 8%) = 7033.932
We calcualte rate that is equivalent with the following cash flow:
We solve using excel goal seek
0.029646151
There are 4 jacks in the deck.
13 are clubs and 26 are all red cards.
The computation for the following problems are shown below:
a.
All are jacks
Computation: 4/52 * 3/51 * 2/50 = 1/5525
b.
All are clubs
Computation: 13/52 * 12/51 * 11/50 = 11/850
c.
All are red card
Computation: 26/52 * 25/51 * 24/50 = 2/17
