Answer: $90,411
Explanation:
Average Accounts payable = Net Purchases * Average collection period / 365
Average collection period is 60 days
Net Purchases as stated is $550,000
Average accounts payable = 550,000 * 60 / 365
= 90,410.9589
= $90,411
Answer:
$34,310.45
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Cash flow in year 0 = $-200,000
Cash flow in year 1 - 5 = 65,000
I = 12%
NPV = $34,310.45
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Free-rein Leadership
Explanation:
Free-rein leadership popularly known as Laissez-Faire is the process where leaders gives members the freedom to make decisions. In situations like this, a larger goal or objective is set and members are given the free role to make appropriate decisions needed is completing set goal or objective. In this case, managers of various departments at Schwinn are given total freedom by their overall boss to operate their various departments the best way they see fit.
<u>Given:</u>
Cost of the office equipment in pounds = 2000
Value of 1 pound in dollars as per exchange rate = 1.9
<u>To find:</u>
The cost of the office equipment in dollars
<u>Solution:</u>
If 1 pound is 1.9 dollars, then 2000 pounds will be as follows,
So, the correct option is Option c, that is $3800.
Answer:
$48,800
Explanation:
Ratio = 2:3
Total investment:
= Benson capital + Orton capital + Ramsey capital
= $60,000 + $40,000 + $20,000
= $120,000
Total Equity of Ramsey:
= 40% of Total investment
= 0.4 × $120,000
= $48,000
Old partners contribution:
= Equity of Ramsey - Ramsey capital
= $48,000 - $20,000
= $28,000
Benson’s capital balance after admitting Ramsey:
= Benson’s capital - Old partners contribution(2 ÷ 5)
= $60,000 - [$28,000 × (2 ÷ 5)]
= $60,000 - $11,200
= $48,800
