Answer:
The order in which the following budgets are generally prepared are as arranged below:
1. Sales budget
2. Production budget
3. Material purchases budget
4. Budgeted income statement
In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement
Answer: ke = D1/Po + g
0.1025 = D1/57.50 + 0.06
0.1025-0.06 = D1/57.50
0.0425 = D1/57.50
D1 = 0.0425 x 57.50
D1 = $2.444
Explanation: Cost of equity is equal to dividend in 1 year's time divided by the current market price plus the growth rate. Other variables were provided in the question except the dividend at the end of the year (D1).
Thus, D1 becomes the subject of the formula. The appropriate cost of equity is $2.44. The correct answer is B.
The correct term to fill in the blank would be rent. The price paid for the use of someone else's property is called rent. It is a periodic and fixed amount of money paid by one that uses the possession of one.
Answer:
84%
Explanation:
APR is the annual rate of interest that is paid on an investment, without taking into account the compounding of interest within that year. APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied.
Divide the finance charge by the loan amount. In this case, $3,400 divided by $24,500 equals 0.138
Multiply the result by 365 to get 50.4
Divide the result by the term of the loan. In this case, 50.4 divided by 60 is 0.84
Multiply the result by 100 to turn the answer into a percentage 84%
Answer & Explanation:
Modiglani's Life cycle Hypothesis depicts spending & consumption pattern of people, in order to stabilise / or smoothen their consumprtion. The theory has following phases :
- Early (Non Working) Age, Low Income stage : Borrowings are done, to cover up for lack of income that yields desirable stable consumption level.
- Youth, Earning (Working) Age : Savings are done, through surplus of income level over desirable stable consumption level.
- Old, Post retirement (Non working age) : Dissavings are done, funds from previous savings are used to cover for lack of income that yields desirable stable consumption level.
Implication rate for entire economy saving rate : It implies that economy's savings rate is high, if more population comprises of middle aged working population.
