Answer:
Equal to zero
Explanation:
Covariance gives the joint relationship between two random variables.
If covariance is positive, it means that the variables move together. If it is negative, it means the variables don't move together.
If covariance is zero, it shows there's no relationship between the variables.
I hope my answer helps you
Answer:
Take actions by sending the due payments to a collection company.
Explanation:
Collection companies specialise in recovery of funds that are due. These companies can be used by lenders or creditors to get back their money from clients.
The creditor pays the collection company an agreed percentage of funds recovered.
In this scenario staff have not been enforcing the payment policies and patients are not familiar with the requirements or the reasoning behind these policies.
There is a need for specialists that are conversant with the policies to make the collection process efficient
Answer:
The firm shouldn't purchase the machine because the IRR is less than the required minimum
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated using a financial calcuator
Cash flow in year 0 = $-1.25 million.
Cash flow in year 1 = $210,000
Cash flow in year 2 to 5 = $350,000
IRR = 8.51%
The firm shouldn't purchase the machine because the IRR is less than the required minimum
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button
The correct answer is A.
Keeping financial records. The purpose of managerial accounting is different with the purpose of financial accounting whereby managerial accounting assists in decisions of the internal management for the firm. In accounting, we have an equation which states that liabilities plus owners equity is equal to the asset.