Answer:
$500,000
Explanation:
Given that:
Sales for the month = $900,000
Opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45%
Cost of goods sold = 100 - gross margin = 100% - 45% = 55%
Hence,
Cost of goods sold = $900,000 × 55% = $495,000
Therefore, the purchase for the month
= Cost of goods sold + Closing inventory - Opening inventory
= $495,000 + $55,000 - $45,000
= $500,000
Answer:
C. Both of these( index and mutual funds)
Explanation:
Index funds and mutual funds are examples of diversified investments. In other words, there are portfolio investments. They combine stocks of different companies to form one unit of an investment basket. By purchasing one unit of a diversified portfolio, the investor buys a basket of shares with a single transaction.
Mutual funds are actively managed, whereas Index funds are passively managed. It means mutual funds have a fund manager who manually selects the stocks that will go into the portfolio. An index fund is a portfolio of securities designed to track the price movement of a financial market index. Index funds are less expensive investments than mutual funds because they do not require the services of a professional fund manager.
Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = 
= 
= 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
Answer:
The challenges an organization that lacks polices can expect includes: Customer dissatisfaction and low retention rates of employees.
Explanation:
The policies in every organization is customer friendly since the goal is to sell products or services.
In meeting the customer's need, there are measures that may not be convenient for the parties that execute this responsibilities, this is were organizational policies come in handy to ensure compliance.
Even at that, Customers are insatiable, regular modifications might still be put in place according to the policies guiding operations in the organization.
Organizational policies eliminates uncertainties to the barest minium and helps you meet your expected projections.
When an organization lacks policies, the management operations might be counter productive especially in cases where the managers undermine employees. When there is no human resource policy to protect the right of the workers, they will resign.
