The _______________ component of human resource management encompasses the steps that managers take to develop and maintain good
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A new income statement for August for Swift company is shown below.
Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.
My recommendation would be to not buy.
Swift Company
Income Statement
For the Month Ended August 31
Particulars Amount (in $) Amount (in $)
Sales .............................................................. 450,000
Cost of goods sold:
Finished goods inventory, August 1 ............... 40,000
Add: Cost of goods manufactured ................. <u>310,000 </u>
Goods available for sale ................................ 350,000
Deduct: Finished goods inventory, August 31..<u> 60,000</u> <u> 290,000 </u>
Gross margin .................................................. 160,000
Selling and administrative expenses ................. <u>142,000</u>
Net operating income...................................... 18,000
Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.
Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.
Hence, my recommendation would be not to buy.
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Answer:
<em>The future value of the investment will be $3,754</em>
Explanation:
<u>Future Value of Investment</u>
Suppose we have a principal P invested for a period of n years at an interest rate i compounded annually. The final value or future value FV of the investment can be computed by:
The case we are considering consists of a present value P=2,000 that will be used to purchase a n = 10-year certificate of deposit (CD). It pays i=6.5% interest. When the CD matures, 10 years from now its value will be
The future value of the investment will be $3,754