Based on the expected sales, net profit margin, and dividend payout ratio, the projected increase in retained earnings for Khadimally Inc, is $33,181.71.
<h3>What is the projected increase in retained earnings?</h3>
First find the expected profit:
= Sales x Net profit margin
= 763,500 x 5.3%
= $40,465.50
The projected increase is:
= 40,465.50 x (1 - 18%)
= $33,181.71
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Answer:
b. Classical model of decision making
Explanation:
Classical model of decision making is the best method/model of decision making.
It hinges on four basic assumptions which include:
A clearly defined problem
Eliminated uncertainty
Access to full information
Rational behavior of the decision-maker.
All these parameters cover the basics that needs to be considered before any decision is taken.
Answer: Yes, because the CISG does not have a Statute of Frauds requirement.
Explanation:
The CISG is an for Contracts for International Sale of Goods. The CISG is also called the Vienna Convention. The main purpose is to provide a fair, modern and uniform regime for the contract involved in the international sale of goods.
It should be noted that the CISG does not have a parol evidence or a statute of frauds. The statute of frauds means when certain kinds of contracts need to be written down and signed by the required parties as evidence.
In this case, Elijah will still be liable to the Canadian buyer for a breach of contract because the CISG does not have a Statute of Frauds requirement.
Answer:
a. Budgets are detailed forward-looking financial reports based on expected income and expenses.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
Answer:
Option (C) is correct.
Explanation:
Face Value = $1,000
Current Price = $820
Annual Coupon Rate = 7.50%
Annual Coupon = Annual Coupon Rate × Face Value
= 7.50% × $1,000
= $75
Current Yield = Annual Coupon ÷ Current Price
= $75 / $820
= 0.0915 or 9.15%