Discuss the potential problems for a business which does not keep adequate business records. (8 marks)

Which of the following is a common human relations mistake?

telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0

3 years ago

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per

jekas [21]

Answer: Number of months = 66.87 months

Explanation:

Given that,

Monthly Payment = $500

Interest rate(r) = 1.95% per month

Current Balance = $18,500

Number of months(t) = ?

$Current\ balance = Monthly\ payment\times(\frac{1-present\ value\ factor}{r})$

$Current\ balance = Monthly\ payment\times(\frac{1-\frac{1}{(1+r)^{t}} }{r})$

$18,500 = 500\times(\frac{1-\frac{1}{(1+0.0195)^{t}} }{0.0195})$

$\frac{18,500}{500}\times0.0195=1-\frac{1}{1.0195^{t} }$

$\frac{1}{1.0195^{t}}=1-0.7215$

$1.0195^{t}=\frac{1}{0.2785}$

$1.0195^{t}=3.5906$

Taking log on both side

t log(1.0195) = log(3.5906)

$t = \frac{0.5551}{0.0083}$

t = 66.87 months

6 0

3 years ago

Doug and Kayla formed a partnership with capital contributions of $220,000 and $320,000, respectively. Their partnership agreeme

Mandarinka [93]

Answer:

The correct answer is $79,000 and $37,000.

Explanation:

According to the scenario, the given data are as follows:

Net income = $116,000

Doug's Salary = $52,000

Receive an interest = 10%

So, the amount to be shared equally = [$116,000 - $52,000 - ( 10% × $220,000) - ( 10% × $320,000)] ÷ 2

= $5,000

So, Doug share = $52,000 + ( 10% × $220,000) + $5,000

= $79,000

Kayla share = (10% × $320,000) + $5,000 = $37,000

5 0

3 years ago

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every:

asambeis [7]

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.

<h3>What is Gross Domestic Product (GDP)?</h3>

The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).

GDP Growth Rate:

The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
A positive or negative number may be used (negative growth rate, indicating economic contraction).

GDP per capita:

By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
It conveys the nation's average economic output (or income) per person.
The population figure corresponds to the year's median (or mid-year) population.

The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.

To know more about Gross domestic product (GDP), here

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#SPJ4

8 0

1 year ago

On May 15, 2000 you enter into a 1-year forward rate agreement (FRA) with a bank for the period starting November 15, 2000 to Ma

Artyom0805 [142]

Answer:

a.

3.51%

b.

0%

Explanation:

a.

First, we need to calculate the YTM of 6 months zero-coupon bond by using the following formula

Price = Face value / ( 1 + YTM )^numbers of years

96.79 = 100 / ( 1 + YTM )^1

1 + YTM = 100 / 96.79

1 + YTM = 1.0331646

Now calculate the YTM of 1 Year zero-coupon bond

93.51 = 100 / ( 1 + YTM )^1

YTM = 1.0331646 - 1

YTM = 0.0331646

YTM = 3.31646%

YTM = 3.316%

1 + YTM = 100 / 93.51

1 + YTM = 1.06940

YTM = 1.06940 - 1

YTM = 0.06940

YTM = 6.940%

YTM = 6.94%

Hence the forward rate is calculated as follow

Forward rate = [ (1 + YTM of 1 year zero coupon bond ) / ( 1 + YTM of 6 months year zero coupon bond ) ] - 1 = ( 1 + 6.94% ) / ( 1 + 3.316% ) = [ 1.0694 / 1.03316 ] - 1 = 1.03508 - 1 = 0.03508 = 3.508% = 3.51%

b.

At the time of inception the formward rate is 0.

7 0

2 years ago