Answer:
An insurance contract, like the ISO policy Harry purchased, has certain additional characteristics other than those of typical valid contracts.
Explanation:
Which one of the following is true for Harry?
Select one
A. An insurance contract, like the ISO policy Harry purchased, has certain additional characteristics other than those of typical valid contracts.
B. Harry understands his policy is modular one, combining various coverage forms and other documents especially tailored to his needs.
C. Harry can rest assured that if his new car is a total loss, he can expect to make a profit while being restored to his pre-loss financial position
D. As the policy is a contract of utmost good faith, both his insurer and his agent are the parties expected to be ethical in their dealings with one another.
Answer:
The correct answer is: Accounts receivable.
Explanation:
Accounts receivable is an accounting term used to refer to the money that is owed to a company by its customers. The company that may be individuals or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are recorded as a current asset in the Balance Sheet.
Answer:
d. Reduce average Inventory
Explanation:
Inventory turnover ratio represents how quickly an entity's inventory is converted into sales and cash is generated.
Inventory turnover in days is computed as;
=
Inventory turnover ratio can be computed as:
=
Average stock =
wherein, Op stock = Opening stock
Cost of Goods Sold = Sales - Gross Profit
A reduction in the average inventory level would increase the inventory turnover ratio, and thus reduce the inventory conversion period from 80 days to a lower level.
Answer:
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Explanation:
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Answer:
Value of the firm $ 14550000.
Value of the firm's equity $ 11550000.
Explanation:
Cash flow from operations = $ 1785000 (1700000 + 5 % of 1700000).
Depreciation = $ 241500. (230000 + 5 % of 230000).
Taxable income = $ 1543500 (1785000 - 241500)
Net income (after tax) = 1543500 - 30 % of 1543500 = $ 1080450.
Cash flow from operations (after tax) = 1080450 + 241500 (Depreciation, being non cash expense). = $ 1321950.
Free cash flow available = Cash flow from operations (after tax) - Income from investment.
= 1321950 - (1700000 * 17 % * 1.05)
= 1321950 - 303450.
= $ 1018500.
Value of the firm = Free cash flow available / (Capitalization rate - Growth rate)
= 1018500 / (0.12 - 0.05)
= 1018500 / 0.07
= $ 14550000.
Value of the firm's equity = Total value of firm - Value of debt of firm
= 14550000 - 3000000
= $ 11550000.