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The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
<h3>What is
internal growth rate of a firm?</h3>
An internal growth rate can be described as the highest level of growth that can be gotten by a business without obtaining outside financing.
it should be noted that the firm's maximum internal growth rate is the level of business operations can persistently fund , hence The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
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Answer: 11.42 times
Explanation:
Inventory Turnover = Cost of Goods Sold / Average inventory
Where,
Cost of goods sold = 4,000 quarter-pound hamburgers each week x $1.00 a pound
COGS = $4,000 per week
Average Inventory = 350 pounds of hamburger
Inventory Turnover = 4000 / 350 = 11.42 times
Answer:
37 days
Explanation:
Given the following :
Date of purchase = 6th of February
Bond interest is paid on January 1st and July 1st.
Since, the treasury bond was purchased on the 6th of February, the the accrued or accumulated interest will be calculated from January 1st till the purchase date (6th of February).
(Number of days in January) + 6 days in February
Number of days in January = 31
Days of accrued interest = (31 + 6) = 37
Answer:
present value of annuity is $61445.66
Explanation:
given data
annuity P = $1,000 per year
time t = 10 year
rate r = 10% = 0.01
to find out
present value of annuity
solution
we will apply here present value formula that is
present value = P ( 1 - ( 1 + r )^-t ) / r ..........................1
put here all value for r, t and P in equation 1
present value = P ( 1 - ( 1 + r )^-t ) / r
present value = 1000 ( 1 - ( 1 + 0.1 )^-10 ) / 0.01
present value = 61445.66
so present value of annuity is $61445.66
