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2 years ago

A summary budget, one that contains the combined information of the flexible and operating budgets and is compiled

Business

1 answer:

Illusion [34]2 years ago

8 0

Answer:

master

Explanation:

A master budget is an integration of all other functional budgets such as sales, purchases, marketing, and production. It is prepared when all the other budgets have been completed. The master budget is a summary budget that indicates the planned activities of the business for the coming period.

Master budgets have to be approved by the top management before implementation. A Master Budget shows the projected operating profit of the company for the coming financial period. It also portrays how the balance sheet will be at the close of the period.

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An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum

Ghella [55]

Answer:

d. 101

Explanation:

first we must determine the amount of the loan:

PV of face value = $1,000 / (1 + 3%)²⁰ = $553.68

PV of coupon payments = $40 x 14.877 (PV annuity factor, 3%, 20 periods) = $595.08

Loan amount = $1,148.76

Future value of the loan = $1,148.76 x (1 + 5%)¹⁰ = $1,871.21

You will receive 20 coupon payments of $40 each, which will be reinvested at 2% semiannual rate. You will also receive $1,000 corresponding to the face value of the bond.

Future value of the coupon payments = $40 x 24.297 (FV annuity factor, 2%, 20 periods)] = $971.88

Total money received at the end of the 10 year period = $971.88 + $1,000 = $1,971.88

Gain = $1,971.88 - $1,871.21 = $100.67 ≈ $101

7 0

2 years ago

Which activity best demonstrates the trait of responsibility?

Dima020 [189]

Which activity best demonstrates the trait of responsibility?

A. demonstrating accountability for your actions

Out of the options, demonstrating accountability for your actions is the activity that best demonstrates the trait of responsibility. Your actions are of no ones responsibility besides you, you must understand the decisions you make. All of the other options are all important but not examples of accountability.

8 0

3 years ago

On January 1, Avers Co. borrowed $10,000 by extending their past-due account payable with a a 60-day, 8% interest-bearing note.

babymother [125]

Answer:

Notes payable; $10,000

Explanation:

Given that,

Borrowing amount = $10,000

Time period = 60 day

Interest rate = 8%

On the due date of the note, avers co. paid the amount.

Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.

Interest amount = $10,000 × (60 ÷ 360) × 0.08

= $10,000 × 0.17 × 0.08

= $136

(Note: Assuming 360 days in a year)

Therefore, the Journal entry is as follows:

Notes payable A/c Dr. $10,000

Interest Expense A/c Dr. $136

To cash $10,136

(To record Avers pays the amount due in full)

4 0

3 years ago

Which player in the economy supplies labor in the factor market?

Travka [436]

The player in the economy which supplies labor in the factor market is the households.

<h3>What is supply of labor?</h3>

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

Learn more about supply of labor here: brainly.com/question/17175566

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5 0

2 years ago

Which statement accurately describes a developing country?The country's population has a high growth rate.The country has a high

lukranit [14]

Answer:

Explanation:

developing countries have high population growth rate

3 0

3 years ago

Read 2 more answers