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Alla [95]
3 years ago
15

A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rat

e for this current billing cycle? (Hint: Credit Utilization Rate = Balance / Credit Limit)
Business
1 answer:
Leto [7]3 years ago
7 0

Answer:

90%

Explanation:

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bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
nika2105 [10]

Answer:

Total Assets

Inventory is understated by $59,300 at the end of the year which means that assets are understated by the same amount.

To rectify this therefore you;

= 6,395,000 + 59,300

= $‭6,454,300‬

Net Income

When closing inventory is understated, it will have the effect of understating income and when opening inventory is understated, income will be overstated.

This means that the income for the year is overstated by $139,000 but understated by $59,300.

Corrected income is;

= 500,000 - 139,000 + 59,300

= $420,300

5 0
2 years ago
A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and t
denis23 [38]

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

8 0
3 years ago
You expect KT industries​ (KTI) will have earnings per share of $ 6 this year and expect that they will pay out $ 2.25 of these
snow_lady [41]

Answer:

Value of a share = $15

Explanation:

<em>According to the </em><u><em>dividend valuation model</em></u><em>, the value of a share is the present value of expected dividend discounted at the required rate of return. </em>

This model is expressed in the formula below;

Value of a share = D/Ke

D- dividend payable in year one

Ke- cost of equity

Value of a share = 2.25/0.15

Value of a share = $15

Value of a share = $15

7 0
3 years ago
The basic difference between a master budget and a flexible budget is that a: Group of answer choices flexible budget considers
lubasha [3.4K]

Answer:

master budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range.

Explanation:

A master budget is a budget that contains an aggregation of smaller level budgets into an overall single budget

A flexible budget is a budget that can be  adjusted based on the activity levels of a firm.

7 0
3 years ago
For every problem-solving activity it is crucial that no less than five alternatives be considered.
jok3333 [9.3K]

Answer:

true

Explanation:

beacause

5 0
3 years ago
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