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kolbaska11 [484]

3 years ago

5

Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situatio

n, you can create a budget based on an average individual your age.

1 answer:

Mrac [35]3 years ago

5 0

What is being discussed in the unit

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Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other

o-na [289]

Answer:

Net working capital addition was for 8,108 dollars

Explanation:

To solve for NWC we start form the accounting equation and then, we expand it to get the NWC expression:

Assets = Liabilies + Equity

we expend the formula

current assets + fixed assets = current liabliies + non-currnet liab + stock + RE

NWC = net working capital

being: current assets - current liabilities

(current assets - current liabilities) = non-currnet liab + stock + RE - fixed assets

NWC = -3,283 + 5,629 + RE - 24,154

We need to solve fotr the change in Retained Earnings:

which is net income - dividends:

sales 316,547

costs (219,406)

other expenses (8,481)

depreciation expense (18,633)

interest expense (14,216)

taxes (15,217)

net income 40,594

dividends (10,678)

change in RE 29,916

NWC = -3,283 + 5,629 + 29,916 - 24,154

NWC = 8,108

8 0

3 years ago

Which of these is most likely to make you sleepy while you’re reading?

irinina [24]

answer options ? I cant answer without options lol

4 0

3 years ago

If an insured is concerned about being unable to pay the premiums on his or her whole life policy in the event of a total disabi

ELEN [110]

Answer:

c. Waiver of Premium

Explanation:

A waiver of premium is clause in an insurance contract in which the insurance company promises not to oblige the insurer to pay a fee to maintain the contract in some extraordinary cases: these cases are usually either disability or death.

Because in the case of this question the insured is concerned about becoming disable and losing the ability to pay for the contract, he is likely to benefit from a waiver of premium included in his insurance contract.

4 0

3 years ago

Which of the following is NOT a federal income tax deduction?

11Alexandr11 [23.1K]

Answer: a)

Explanation: All the others are deductible, whilst excise taxes are only deductible as a business expense.

8 0

3 years ago

The treasurer of a major U.S. firm has $29 million to invest for three months. The interest rate in the United States is .29 per

7nadin3 [17]

Answer:

Check the following calculations.

Explanation:

The U.S. firm has $29 million

Investment is for three months

And the interest rate in the United States is .29 percent per month

The value of the investment if the money is invested in U.S

= $29 million *(1+ 0.29%) ^3

= $29.2530 million

The interest rate in Great Britain is .33 percent per month.

The spot exchange rate is £.629

And the three-month forward rate is £.632.

The value of the investment if the money is invested in Great Britain

Value after spot exchange = $29 million *(£.629/$1) = £ 18.241 million

Value after three months interest earning = £ 18.241*(1+0.33%) ^3

= £ 18.4222 million

Exchanging again in US $ after 3 months

= £ 18.4222 *($1/£ .632) = $29.1490 million

Therefore the value of the investment if the money is invested in Great Britain is $29.1490 million.

The value of investment will be more if the money is invested in U.S.

6 0

3 years ago