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lutik1710 [3]
3 years ago
7

Presented below is selected data related to Mike Corporation at December 31, 2020. Mike reports financial information monthly.

Business
1 answer:
leva [86]3 years ago
8 0

Answer:

a. <u>Total assets of the firm</u>:

Cash                                     $8,000

Equipments                         $10,000

Accounts Receivable          <u>$9,000</u>

Total Assets                         <u>$27,000</u>

b. <u>Net income of the firm</u>

Service Revenue                                 $36,000

Less: Rent Expenses                           $11,000

Less: Utilities Expense                        $4,000

Less: Salaries and Wages Expense   <u>$7,000</u>

Net Income                                          <u>$14,000</u>

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cricket20 [7]

Answer:

The question is not complete,find below complete questions:

If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?

The bond is worth $50.50 in the year 2027

The annual rate of return is 7.07%

Explanation:

The future value of the bond is given by the below formula:

FV=PV*(1+r)^N

where PV  is the present of the bond of $50

r is the rate of return of 0.10 percent=0.001

N is the duration of the bond investment of 10 years

FV=50*(1+0.001 )^10

FV=$50.50

However for the face of the bond to double i.e to $100, the rate of return can be computed thus:

r=(FV/PV)^(1/N)-1

where FV=$100 (double of $50)

FV=$50.50(current value in 2027)

N=10

r=($100/$50.50)^(1/10)-1

r=0.070707543

r=7.07%

5 0
3 years ago
The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There
11Alexandr11 [23.1K]

Complete Question:

The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There is an urgency to have it delivered quickly to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges. Which of the following is the most accurate description of this situation?

A. There is an attribute issue since fast shipping and low cost shipping are both characteristics associated with shipping.

B. There is a budget issue since there isn't extra money for shipping.

C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other.

D. There is a time issue since the server needs to arrive quickly

Answer:

C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other

Explanation:

The most accurate description of this situation is that there is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other. If two events are mutually exclusive, they cannot occur concurrently.

Mutually exclusivity describes the characteristics of events, which makes it impossible for them to occur together  (concurrently) or at the same time. This ultimately implies that the events or outcome of the sampling is disjointed.

In this scenario, there is an urgency to have the server delivered quickly (shipping fast) to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges which is considered to be a high cost.

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4 years ago
Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000 five years from now. If Flah
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Answer:

PV= $90,990.39

Explanation:

Giving the following information:

Future value= $140,000

Number of periods= 5 years

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<u>To calculate the price to pay today, we need to calculate the present value. We will use the following formula:</u>

PV= FV/(1+i)^n

PV= 140,000 / (1.09^5)

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Alexxandr [17]

In the block style business letter, the inside address appears below the date, with one blank <u>"paragraph"</u> in between.


Block format is normally utilized for business letters.  

In block format, the whole content is left adjusted and single divided. The special case to the single dispersing is a twofold space between sections (rather than indents for passages).  

Full block style business letters have a formal appearance, anyway they can be utilized in casual business circumstances and also formal ones. In the event that you are searching for a solitary arrangement that will function admirably in each circumstance, this is a decent one to utilize.

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