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Artyom0805 [142]
3 years ago
12

Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred emp

loyees. Ann should _____.
Business
1 answer:
Aleonysh [2.5K]3 years ago
6 0

Answer:

Send a memo.

Explanation:

In this scenario, Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred employees. Thus, Ann should send a memo.

A memo, also known as office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.

Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.

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After deciding to acquire a new car, you realize you can either lease the car or purchase it with a three-year loan. The car you
muminat

Answer:

a. $15,369.28

b. $16,332.28

c. $19,347.60

Explanation:

a. What is the present value of purchasing the car?

PV of resale = SP ÷ (1 + r)^n ................................................. (1)

Where SP = Resales proceed = $20,500

r = discount rate = 6% annually = 0.06 annually = (0.06 ÷ 12) monthly = 0.005 monthly

n = number of periods = 3 years = 3 × 12 = 36 months

Substituting into equation (1), we have:

PV of resale = $20,500 ÷ (1 + 0.005)^36 = $17,130.7208354753

Net PV = Purchase price - PV of resale

            = $32,500 - $17,130.7208354753

Net PV = $15,369.28

Therefore,  the present value of purchasing the car $15,369.28.

b. What is the present value of leasing the car?

PV of future period payment can be calculated using the following formula:

PV of monthly payment = M × 1 - (1 + r)^-n ÷ r .......................................... (2)

Where,

M = monthly payment = $494

r = discount rate = 6% annually = 0.06 annually = (0.06 ÷ 12) monthly = 0.005 monthly

n = number of periods = 3 years = 3 × 12 = 36 months

Substituting into equation (2), we have:

PV of monthly payment = $494 × {[1 - (1 + 0.005)^-36] ÷ 0.005}

PV of monthly payment =  $16,238.2820221969  

PV of leasing the car = Today's payment + PV of monthly payment

                                   = $94 + $16,238.2820221969

PV of leasing the car = $16,332.28

Therefore, PV of leasing the car is $16,332.28.

c. What break-even resale price in three years would make you indifferent between buying and leasing?                    

This will be calculated by equating the PV of leasing the car to the difference between the purchase price and the PV of resale as follows:

PV of leasing car = Purchase price - PV of resale

$16,332.28 = $32,500 - PV of resale

Solving for PV of resale, we have:

PV of resale = $16,167.72.

The future value (FV) of resale price in 3 years can be calculated as follows:

FV of resale = PV of resale × (1 + r)^n

FV of resale = $16,167.72 × (1 + 0.005)^36 = $19,347.60

Therefore, the break even resale price in 3 years is $19,347.60.

7 0
2 years ago
A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment
abruzzese [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total fixed costs:</u>

Total fixed costs= 3,500 + (120*2*15)

Total fixed costs= $7100

<u>Now, using the following formula, we can determine the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,100 / (100 - 40)

Break-even point in units= 118.33 = 119 units

<u>Finally, the number of units to earn $10,000 in profit:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (7,100 + 10,000) / 60

Break-even point in units= 285

4 0
3 years ago
An auditor should perform alternative procedures to substantiate the existence of accounts receivable when:
Anastasy [175]

Answer:C

Explanation: Collectability of the receivables is in doubt

8 0
3 years ago
When bonds are sold at a premium and the effective interest method is used, at each subsequent interest payment date, the cash p
lorasvet [3.4K]

Answer:

C.Greater than the effective interest.

Explanation:

<u>example</u>

face value 1,000,000

issued at 1,100,000

premium of 100,000

the bond rate is 8%

and the effective rate is 6%

1,100,000 x 6%/2 = 33,000 interest expense

cash proceeds 1,000,000 x 8%/2 = 40,000 cash

amortization on premium 40,000 - 33,000 = 7,000

The cash payment (40,000) are greater than the effective interest (33,000)

If that wouldn't be the case, he premium won't depreciate

4 0
2 years ago
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220
Marizza181 [45]

Answer:

The amount recognized as a provision for loss contingency is $220,000

Explanation:

According to the United States  Generally Accepted Accounting Principles (US GAAP), the provision for loss contingency should be recognized based on the estimated amount. If the range is given then we should report the lower amount or minimum amount

In the given question, two amounts are given i.e $220,000 and $250,000

So $220,000 should be reported

3 0
3 years ago
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