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barxatty [35]
3 years ago
11

The first financial management software anyone interested in starting a new business should focus on is developing an accurate a

nd compelling business plan. True or false
Business
1 answer:
dsp733 years ago
4 0

Anyone interested in starting a new business should focus on developing an accurate and compelling business plan - TRUE. To start a new business, a plan is a must because if you do not have steps to follow, the business will likely crumble before it's even launched. Making sure you are developing a well written plan and following the steps leads to a better chance of success.

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Which of the following is an action company co-managers should seriously consider in trying to improve the company's credit rati
san4es73 [151]

Answer:

O Placing increased attention on improving operating profits and operating profit margins in all four geographic regions -the resulting growth in operating profits company wide will increase the company's interest coverage ratio Using a portion on the company's internal cash flows and new issues of common stock to pay higher dividends to shareholders .

Explanation:

The bank managers of different companies should try to consider the improvement of their operating profits as well as the profit margins in all their sectors. This will also boast the companies' cash flow. In addition, it will improve the outlooks of the companies to the public. This is very vital to ensure business continuity.

5 0
4 years ago
You bought an annuity selling at $14,427.59 today that promises to make equal payments at the beginning of each year for the nex
Sever21 [200]

Answer:

PMT  =  $3875.00

Explanation:

given data

annuity selling = $14,427.59

time = 4 year

interest rate = 5 %

solution

we get here annual annuity payment that is express as

PMT = \frac{present\ value}{(1+r)*\frac{1-(1+r)^{-n}}{r} }      ..................................1

put here valuer and we get

PMT  = \frac{14427.59}{(1+0.05)*\frac{1-(1+0.05)^{-4}}{0.05} }  

solve it now and we get

PMT  =  $3875.00

so here value of the annual annuity payment (PMT) is $3875.00

6 0
3 years ago
1/1/2019 sally miller purchased $500 of merchandise on account; the cost of the item is $310
timofeeve [1]

<u>Solution and Explanation:</u>

date                           Particulars                                  Debit                    Credit

1st january, 2019    Account receivable                  500

                                Sales revenue                                                            500

                    (To record sales on account)

                        Cost of goods sold                              310

                       Merchandise inventory                                                      310

             (To record cost of goods sold)

31st january, 2019       Notes receivable                     500

                                 Accounts receivable                                                 500

(To record notes receivable for the 60 days at the rate of 6 percent)

1st April, 2019 Allowances for Doubtfull accounts          500

                        Notes receivable                                                                500

(In order to write off Sally Millers account, no interest revenue is to be recognised)

2nd May, 2019           Notes receivable                             500

                              Allowances for doubtful debts                                     500

( in order to record re-instatement)

2nd May, 2019             Cash                                                  507.50

                                  Notes receivable                                                        500

                               Interest revenue                                                             7.5

( In order to record the payment received)

3 0
3 years ago
What are the benefits of preparing a business plan?​
Damm [24]

Answer:

See the whole business. Business planning done right connects the dots in your business so you get a better picture of the whole

Strategic Focus

Set priorities

Manage change

Develop accountability

Manage cash

Strategic alignment

Milestones

Explanation:

6 0
3 years ago
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease.
dsp73

Answer:

a) <em>What is the effective annual interest rate?</em>

Effective annual interest rate = 6,911/69,108

Effective annual interest rate = 0.100003

Effective annual interest rate = 10.00%

b) <em>What would the lessee record as annual amortization on the right-of-use asset using the straight-line method?</em>

Annual amortization on the right-of-use asset = Right of use asset / Lease term

= $81,108/10

= $8,110.8

c) <em>What is the outstanding balance after payment 9?</em>

Outstanding balance after 8th payment = $20,826

Effective interest = $20,826*10%

Effective interest = $2,082.60

Cash payment = $12,000

Decrease in balance = $12,000 - $2,082.60

Decrease in balance = $9,917.4

Outstanding balance after payment 9 = Outstanding balance after 8th payment - Decrease in balance

Outstanding balance after payment 9 = $20,826 - $9,917.4

Outstanding balance after payment 9 = $10,908.60

6 0
3 years ago
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