1.3.2 Quiz: Income and Career

Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold

ddd [48]

Answer:

Particulars Amount

Purchase price $700,000

Add: Freight cost $35,000

Add: Electrical connections $5,000

Add: Labor costs $37,800

Add: Bred dough used $900

Add: Safety guards $1,500

Total cost of Equipment $780,200

Note: Repairs cost of $5,000 will not be included

5 0

3 years ago

Overview of financial planning

VMariaS [17]

Answer:

1. Operating plan.

2. Operating plan.

3. Financial plan.

4. Dividend policy.

5. B and C.

Explanation:

1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.

2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.

3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.

4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.

Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.

Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.

Hence, the following statements are true about financial planning;

I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.

II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.

6 0

3 years ago

Nutech Corp. is expecting the following cash flows—$79,000, $112,000, $164,000, $84,000, and $242,000—over the next five years.

Alja [10]

Answer:

$429,560

Explanation:

Present value will be calculated through the PV formula,

$PV = \frac{C1}{1+r} + \frac{C2}{(1+r)^{2} } + \frac{C3}{(1+r)^{3}} + \frac{C4}{(1+r)^{4}} + \frac{C5}{(1+r)^{5}}$

r = 15%

C1 = $79,000 ,C2 = $112,000 ,C3 = $164,000 ,C4 = $84,000 ,C5 = $242,000

Substituting the values in the formula,

$PV = \frac{79,000}{1.15} + \frac{112,000}{(1.15)^{2} } + \frac{164,000}{(1.15)^{3}} + \frac{84,000}{(1.15)^{4}} + \frac{242,000}{(1.15)^{5}}$

PV = 68,695.66 + 84,688 + 107,838 + 48,030.2 + 120,338.14

PV = $429,560

The present value of the cash flows of Nutech Corp. over the next five years is $429,560.

8 0

3 years ago

Name the social issues that you have chosen and motivate why you have chosen it

Finger [1]

Answer:

I would choose violent crime.

Explanation:

It motivates me to choose it since it can help to make most of the other issues easier to tackle since where there is violent crime, there is usually the other issues stated in the list.

I hope this helps :)

3 0

2 years ago

Where is poseidon when the gods at council decide to help odysseus to return home?

alekssr [168]

During that time, poseidon was with the Ethiopians
In the story, Ethiopia is described as the farthest limit of the mandkind, and he attend that place because the people of Ethiopian make some offerings to worship him. When he got back from Ethipia, he got really angry because the other Gods has changed their mind on Odysseus

6 0

3 years ago