Answer:
8.2
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
Average Receivable can be calculated as below
Average Receivable = (Accounts Receivable at the beginning of the year + Accounts Receivable at the end of the year) / 2 = ($114000 + $152000)/2 = $133,000
Net Sales = $1,090,600
Formula for Accounts receivable turnover is as follow
Accounts receivable turnover = Net Sales / Average Receivable
Accounts receivable turnover = $1,090,600 / $133,000 = 8.2 times
The Methods that FNB can use to compete with other banks are :
- Utilizing their banking technology in order to achieve maximum efficiency
- by Acquiring profitable subsidiaries that exist in South Africa
- by lowering their interest rates to attract more people that wanted to find some capital injection
Answer:
9.73%
Explanation:
For computing the after tax cost of debt first we have to determine the cost of debt by applying the RATE formula i.e. to be shown in the attachment below:
Given that,
Present value = $604.42
Future value or Face value = $1,000
PMT = 1,000 × 8% ÷ 2 = $40
NPER = 20 years × 2 = 40 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
1. The pretax cost of debt is 6.95% × 2 = 13.9%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 13.9% × ( 1 - 0.30)
= 9.73%
Answer:
Check the explanation
Explanation:
Journal entries (figures in million)
s.no Particulars Debit Credit
2 No entry on grant date
3 Compensation expenses (45/3) 15
paid in capital-restricted stock 15
4 Compensation expenses 15
paid in capital-restricted stock 15
5 Compensation expenses 15
paid in capital-restricted stock 15
6 paid in capital-restricted stock 45
common stock 5
paid in capital -excess of par 40
Answer:
The importance maxim just serves to make the business look good
.
Explanation:
- Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
- The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
- Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
