Answer:
D) Tax anticipation notes.
Explanation:
Short-term loans that are backed by the taxing power of the governmental unit and used to meet working capital requirements are called Tax anticipation notes. Tax anticipation notes are short-term notes or short-term loans, issued at a discount by the states or municipalities to finance current operations before tax revenues are received with a maturity period usually less than a year or a stated future date. Tax anticipation notes are used by municipalities to bridge funding gaps like to meet the working capital requirements.
A tax on suppliers will cause the equilibrium price paid by the consumer to increase and the equilibrium quantity to decrease. The tax would basically make the supplier decide to increase the price of their product. In effect, the consumer would have to pay a higher <span>price because of this incident. Since the price to be paid by the consumer would increase, the equilibrium quantity would eventually increase because the amount to be paid by the consumer is already fixed. When the price per unit would increase, the number of units that can be bought with the specified amount of money will eventually decrease.</span>
stock value = $ 150.91
<u>Explanation:</u>
Stock price = D /(k-g)
The given data is as follows:
D = Dividend = $4.15
, K = required percent = 9% = 0.09
, G = pledged percent = 6.25% = 0.0625
<u>The following formula is used in order to calculate the value of the stock:
</u>
Stock value= D/(k-g)
Where: D = dividend, K = required return, g = growth
=150.91(rounded to the two decimal places)
Hence stock value = $ 150.91
Answer:
Gate City Security Systems
Bank Reconciliation at December 31, 2018
Book:
Balance , December 31, 2018 $2,530
<em>Add: </em>
Collection from Jane Lindsey $500
Interest revenue $10
<em>Less:</em>
Service charges $20
Adjusted book balance December 31, 2018 <u>$3,020</u>
Bank:
Balance , December 31,2018 $3,120
<em>Add:</em>
Deposit in transit $400
<em>Less:</em>
Outstanding cheque $500
Adjusted bank balance December 31, 2018 <u>$3,020
</u>
84.84 days take Mario's to sell its inventory.
<h3>What is meant by Inventory?</h3>
All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.
Data given in the question:
Sales = $2,880
costs of goods sold = $2,220
Inventory = $51
Accounts receivable = $436
Now,
Time taken to sell inventory = 365 ÷ ( Inventory Turnover Ratio )
also,
Inventory Turnover Ratio = [ Cost of goods sold ] ÷ [ Average inventory ]
= $2,220 ÷ $516
= 4.3023
Therefore,
Time taken to sell inventory = 365 ÷ 4.3023
= 84.84 days
To learn more about Inventory refer to:
brainly.com/question/24868116
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