If you get equity funding for your business, what will you have to do?

How often will you receive a statement for your checking account?

Firdavs [7]

I believe that you would get a statement for your checking account monthly because you need to know how much money get withdraw ed and how much is left.

7 0

3 years ago

Aces, Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. At

SVETLANKA909090 [29]

Answer:

$165,500

Explanation:

Given that,

Sales (4,900 × $90) = $ 441,000

Cost of goods sold (4,900 × $38) = 186,200

Gross margin = $ 254,800

Selling and administrative expenses = $75,000

Net income = $ 179,800

Production costs per tennis racket total = $38

Variable production cost = $25

Fixed production cost = $13

Units produced = 6,000

Contribution margin:

= Sales - Variable production costs

= $441,000 - (4,900 × 25)

= $441,000 - $122,500

= $318,500

Fixed costs = Fixed production costs + Selling and administrative expenses

= ($13 × 6,000) + $75,000

= $78,000 + $75,000

= $153,000

Net income under variable costing:

= Contribution margin - Fixed costs

= $318,500 - $153,000

= $165,500

8 0

3 years ago

Purposes of calculating the variances in a cash Budget

Vitek1552 [10]

Variances allow the business owner to supervise their business better by taking well-versed decisions based on how the business really performed against the budgeted performance. Additionally, it also highlights reasons or different causes for the disparity in the projected income or expenses.

3 0

3 years ago

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so

o-na [289]

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is low so the quantity of money demanded will be high.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

Learn more about interest rates here: brainly.com/question/1115815

#SPJ4

7 0

2 years ago

Today the current EUR to USD exchange rate is 1 EURO = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD e

mr_godi [17]

Answer:

(a) ii Depreciate

(b) 84.03 Euro

(c) 123.03 Euro

(d) 161.17 USD

(e) 61.17%

(f) 15.29%

Explanation:

(a) The value of USD is depreciating as you can exchange 1.19 USD for 1 Euro but in after four years, you will need 1.31 USD to exchange for 1 Euro. Thus, you will need more dollars for 1 Euro.

(b) To convert USD to Euro, we just divide the USD with the exchange rate,

Euro = 100 / 1.19 ⇒ 84.0336 Euro

(c) We simply use the compound interest rate formula to calculate the value of our investment after four years with compounding interest,

The formula for compound interest rate is,

A = P(1 + r/n)^nt

Where,

A = Final amount of investment

P = Initial principal Invested

r = interest rate

n = number of times interest is compounded per time period

t = number of time periods

A = 84.03 ( 1 + 0.1/1)^4 ⇒ 123.028323 Euro

(d) We convert the euros back to USD using the after 4 year exchange rate of 1 Euro to 1.31 USD,

123.03 * 1.31 ⇒ 161.17 USD

(e) Total Return in USD = (161.17 - 100) / 100 ⇒ 0.6117 or 61.17 %

(f) The annual average return can be calculated by dividing the total return by the number of years = 61.17% / 4 = 15.2925 %

4 0

3 years ago

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