Answer:
True
Explanation:
Chief financial officer is one of the key positions at any company or firm. Chief financial officer plays a critical role in managing cash, account receivable and inventory management. He/She is responsible for handling the cash and managing the cash in such a way to remove chances of bankruptcy and shortages. Overall, it is an important post to complete all the tasks related to cash handling and inventory.
Answer:
Credit, $60,000
Explanation:
Given,
Market rate = 10%
Face value $60,000 = Principal value.
When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.
Therefore,
Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.
It is credit because it is matured on the date of cash payment.
The premium would be 5%
If a portfolio had a return of 11 the risk-free asset return was 6, and the standard deviation of the portfolios excess returns was 25 the premium would be 5%
Portfolio return = 11%
Risk free rate = 6%
Risk premium = Portfolio return - Risk free rate
= 11% - 6% =5%
So, the premium would be 5%
Premium is an amount paid periodically to the insurer by means of the insured for overlaying his chance.
Learn more about premium here- https://economictimes.indiatimes.com/definition/premium
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Answer:
The correct answer is letter "D": All of these are correct.
Explanation:
The Free Rider Problem refers to someone being able to gap for less or even for free what others pay more for. The problem arises when individuals are unwilling to pay their fair share for something that most others pay for. The problem is more often while talking about public goods. To avoid this issue, some sort of special must be given to consumers such as discounts, promotions for subscriptions or special information online.
Answer:
$3,000
Explanation:
Warranty expense is an obligation on the business because business is liable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.
Total Sales = $500 x 6,000 units = $3,000,000
Warranty Expense for the year = Sales units x 3% x warranty cost per unit
Warranty Expense for the year = 6,000 x 3% x $50 = $9,000
Recognised warranty cost in the year = 120 units x $50 = $6,000
Accrued Warranty expense = $9,000 - $6,000 = $3,000
