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3 years ago

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

Business

1 answer:

polet [3.4K]3 years ago

4 0

it's mostly custumer service most of the time of take care of that mostly ok

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An investment property with 10 residential units rents for $2,000 per unit per month. The rate of vacancy and collection loss is

irinina [24]

Answer:

$1,815,000

Explanation:

First we must determine the gross income = $2,000 x 10 units x 12 months = $240,000

minus the vacancy rate = $240,000 x 5% = $12,000

minus the annual expense = $10,200

net income = $240,000 - $12,000 - $10,200 = $217,800

to calculate the maximum amount that the investor should pay we must divide the net income by the expected rate of return = $217,800 / 12% = $1,815,000

When you are calculating a project's price (buying this asset is an investment project), depreciation and debt service are not included in the calculations.

5 0

3 years ago

The financial crisis of 2008 demonstrated the flaw in a bottom-up detailed approach to calculating risk. There are

Troyanec [42]

Answer:

Explanation:

8 0

3 years ago

David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to

marshall27 [118]

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

$=rate(nper,pmt,-pv,fv,type)$

Insert the variables into the option, we get

$=rate(60,352,-18349)$

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

$APR = (1+monthly rate)^12 - 1$

$APR = (1+0.0047)^12 - 1$

$APR = (1.0047)^12 -1$

$APR = 1.0586 - 1$

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.

8 0

3 years ago

Which marketing objective was used because the Fruit Bowls were new to the market?

alexandr1967 [171]

Dole's marketing tactic is the Concept Review.All promotion movements are planned to inform, encourage, or remind consumers about a product, category, or company. Advertisements can be used to excite request for a certain category or industry, or for a definite brand, item, or firm. To establish an effective campaign, the firm desires to classify its target market, set advertising concepts, describe its product, assess and select media, produce the ad, and evaluate the ad's impact.

7 0

3 years ago

Euphrasia, a mixed open economy, was severely affected by a recession that almost paralyzed its service sector. The Euphrasian

Flura [38]

Answer:

E) Oil imports declined as countries exporting oil reduced supply.

Explanation:

Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

4 0

3 years ago