Answer:
Angel Investors
Explanation:
An angel investor is the one who provides capital to entrepreneurs so that they are able to invest in the new ideas and businesses which are in the early stage and will generate value in the near future. So angel investors are basically named angel because for the startups its reallt very difficult to finance their businesses because banks don't provide funds to startups because these startups have very fewer resources to compete in the market and as a result they fail. So the person who assists here is really an angel.
Answer:
$28,000
Explanation:
Data provided in the question:
Cost of the building purchased = $140,000
Estimated salvage value = $8,000
Expected useful life = ten years
Now,
Annual rate of depreciation using the double-declining-balance method
= 2 × [ 100% ÷ (Useful life )]
= 2 × [ 100% ÷ 10 ]
= 2 × 10%
= 20% or 0.20
Therefore,
Depreciation expense for 20X1 = Cost of building × Rate of depreciation
= $140,000 × 0.20
= $28,000
Answer:
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Explanation:
There are two types of international trades, import and export
Import refers to the trade where the principal country buys goods from another country and takes goods.
Export refers to the trade in which the principal country sells goods from own country and send to the buyer country.
Here principal country is the country of concerned person Mike that is US
Since he purchased he bought goods i.e. Olives from Greece into US.
That means he made a import.
With this US import rises by $1000,
Further net exports = Total export - Total import
Since with this transaction total imports increased by $1,000 net exports will decrease by $1,000
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Answer and Explanation:
The computation is shown below:
a. As we know that
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 30 days
= 40 days
b. Now if the payment of supplier changed from 30 days to 50 days which is
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 50 days
= 20 days
c. Now the reduction in working capital is
= Difference in days × production × material cost per order
= 20 days × 2,000 × $50
= $2,000,000
We simply applied the above formulas
