Answer:
The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.
Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.
Answer:
$3.62
Explanation:
The dividend distributed to common share = total net income - dividend for preferred stock
= $1,004,700 - $278,600
= $726,100
Earnings per share (EPS) = The dividend distributed to common share / common shares outstanding
= $726,100/ 200700
= $3.62
Answer:
Present Value= $18,181.82
Explanation:
Giving the following information:
Savings= $2,000
The machine will then begin to wear out so that the savings decline at a rate of 4 % per year forever.
Interest rate= 7%
To determine the present value of the savings, we need to use the perpetual annuity formula with the decline rate.
PV= Cf/ (i + g)
Cf= cash flow
PV= 2,000/ (0.07 + 0.04)
PV= $18,181.82
If management implements proper organization and <span>productivity will be higher,.
Proper organization refers to placing the Right people to do the right job, employee moral will make the employees have positive attachment to the company which will make them do their best to bring a good contribution for the company.</span>
The option for saving money which typically offers the most liquidity is D. a basic savings account.
Liquidity refers to the fact that you can withdraw your money anytime you want.
