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3 years ago

Describe how you can spend wisely or improve your spending habits

1 answer:

7 0

Sticking to a budget can really help. If you have a certain amount for clothes, and another for food, and one for extras, stick to that budget. Don't go off and buy un-necessary items. That way you'll have extra when you absolutely need it, and enough in a certain area for when you go shopping for specific items.
~Silver

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Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will

Solnce55 [7]

Answer:

Duration of liability (perpetual) = (1 + y) / y

= (1 + 17.5%) / 17.5%

= 6.71

Value of liability = Cash Flow / yield

= $3.5 million / 17.5%

= $20 million

a. Assume you invest w in 5-year bond and 1-w in 25-year bond such that the duration of the portfolio is 6.71

6.71 = w x 4 + (1 - w) x 16

w = (16 - 6.71) / (16 - 4)

w = 77% in 5-year bond

1 - w = 28% in 25 year bond

Market Value of 5 year bond = 77% * $20 million = $15.4 million

Market Value of 20 year bond = 23% * $20 million = $4.6 million

b. Market Price of 20 year bond can be calculated using PV function on a calculator

N = 25, I/Y = 17.5%, PMT = 9, FV = 100

Price = Present Value (25,17.5%, 9 ,100)

Price = 52.29042644

Price = $52.30

Par Value of 25 year bond = Market Value /% Price

Par Value of 25 year bond = $4.6 million / 50.83%

Par Value of 25 year bond = $9,049,774

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3 years ago

If the selling price is $22 per unit, what is the contribution margin per unit sold? (round your answer to 2 decimal places.)

Rasek [7]

The computation follows:

1. Solve first for the variable cost per unit.
Direct materials $ 6.00

Direct labor $ 3.50

Variable manufacturing overhead $ 1.50

Sales commissions $ 1.00

Variable administrative expense $ 0.50

= $12.50 variable cost per unit

2. Then deduct the selling price to the variable cost per unit, to get the contribution margin.

22 - 12.50 = $9.50 CM per unit

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3 years ago

A gantt chart is built using established precedence relationships. a. True b. False

Luden [163]

I believe that it is true, here's an example of such a chart.

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3 years ago

Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th

aivan3 [116]

My advice to the owners of ABC Company concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a compulsory annual leave policy. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these pieces of advice, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

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3 years ago

The following differences enter into the reconciliation of financial income and taxable income of Abbott Company for the year en

adoni [48]

Answer:

Abbot makes a savings of $74,000 in the current year.

Review full presentation of answers in the attaches

Explanation:

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3 years ago

Read 2 more answers