Answer:
3.52 times
Explanation:
Given that,
Sales = $348,000
Beginning net Accounts Receivable = $89,000
Ending net Accounts Receivable = $109,000
Average accounts receivable:
= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2
= ($89,000 + $109,000) ÷ 2
= $198,000 ÷ 2
= $99,000
Accounts Receivable turnover:
= Sales ÷ Average accounts receivable
= $348,000 ÷ $99,000
= 3.52 times
Answer:
The stock price today is $ 29.56
Explanation:
Dividend for year 1, d₁ = $ 3.65
Dividend for year 2, d₂ = $ 2.66
Required rate = 12.3% = 0.123
Growth rate = 3.3% = 0.033
Value after year 2= (d₂ × Growth rate) ÷ (Required rate - Growth rate)
= (2.66 × 1.033) ÷ (0.123 - 0.033)
=30.5308889
Hence current price = Future dividend and value × Present value of discounting factor(rate%,time period)
= (3.65÷1.123) + (2.66÷
) + (30.5308889 ÷
)
=$29.56
Answer:
The answer is D.
Explanation:
A company might invest in another company to:
1. ensure a steady supply of raw materials if the company being purchased is a supplier of those raw materials. The company might be experiencing shortages of raw materials or outrageous increase in price of the raw materials. So acquiring a supplier of this raw materials will be a good option.
2. earn interest revenue. This can be one of the objectives too.
3. earn dividend income. Investment or shareholding in companies will lead to receiving dividend from such country.
Answer:
Pegged exchange rate system
Explanation:
In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar. The government will set a fix the exchange rate of its currency relative to the US dollar value.
A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.
Answer:
b) 1,250,000
Explanation:
1,000,000+ 250,000 = 1,250,000
