Answer:
a.It provides organizational independence.
Explanation:
Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.
Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.
<u>Answer:</u> Option C
<u>Explanation:</u>
The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.
Calculation of total compensation
Employee benefits = $64000 x 12.5/100
=$8000
Annual compensation= $64000 +$8000
=$72000
first party is the one that I would do
Answer:
c. $2,000
Explanation:
total loss claim = business auto loss + stock investment loss
= $1,000 + $1,000
= $2,000
Therefore, The Kim may claim $2,000 of these losses.
Answer:
YTM is 7.46%
Explanation:
Given:
Face value of bond (FV) = $1,000
Years to maturity (nper) = 10
Coupon rate = 10%
Coupon payment (pmt) = $100 (0.1×1,000)
Price of bond (PV) = $1,175
If the bonds are held till maturity, then yield to maturity is calculated using excel function =Rate(nper,pmt,PV,FV)
Yield of bond if held till maturity is 7.46%
