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3 years ago

A local government's basic financial statements would include a statement of cash flows for all________

Business

1 answer:

german3 years ago

7 0

Answer:

Explanation:

fund types proprietary

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The Federal Reserve System (the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations

ohaa [14]

Answer:

b. it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

Explanation:

This is generally what the federal reserve does, and they try to stop both deflation and inflation

3 0

3 years ago

A good reason for cutting meats and poultry into thin slices for sandwiches is that

stiks02 [169]

A good reason for cutting meats and poultry into thin slices for sandwiches is that thin cuts are more delicate, a sandwich produced using dainty cuts is less demanding to eat and many thin cuts make a thicker sandwich than maybe a couple thick cuts of a similar aggregate weight.

7 0

3 years ago

Sonny's BBQ Company recently issued $85 par value preferred stock that pays an annual dividend of $9. Analysts estimate that the

Bond [772]

Answer:

Intrinsic value=$73.77

Explanation:

The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset.

According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.

Price = D/Kp

D- Dividend payable

Kp- cost of preferred stock

So will need to work out the cost of equity using CAPM

The capital asset pricing model (CAPM): relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c

This model is considered superior to DVM. Hence, we will use the CAPM

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 2.4%, Rm- 12.1% β- 1.01

E(r) = 2.4% + 1.23×(12.1- 2.4)% = 12.20 %

Cost of preferred stock= 12.20 %

Using the dividend valuation model

Intrinsic value = 9/0.1220=73.77

Intrinsic value=$73.77

5 0

3 years ago

Keener Incorporated had the following transactions occur involving current assets and current liabilities during February 2017.

Dmitry_Shevchenko [17]

Answer:

The answers are in the attachment below.

6 0

3 years ago

Oriole Company has the following inventory data:

Yuliya22 [10]

Answer:

$3,942

Explanation:

Step 1 : Determine number of units sold

Units Sold = Total units available for sale - Units remaining in inventory

= (45 + 157 + 22) - 56

= 168 units

Step 2 : Determine Cost of goods sold

FIFO assumes that the units to arrive first will be sold first.

Cost of goods sold = (45 units x $22) + (123 units x $24)

= $3,942

The amount allocated to cost of goods sold for July is: $3,942

7 0

3 years ago