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Burka [1]
3 years ago
6

Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in August. Planet typically pay

s for 35% of purchases in the month of purchase and 65% in the following month. What are Planet Company's total expected cash disbursements for purchases in the month of August?
a. $40,000.
b. $57,000.
c. $65,000.
d. $60,000.
e. $100,000.
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

57,000

Explanation:

Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August

They pay 35% of tbs purchase in the month and 75% in the following month

Therefore the total expected cash disbursement can be calculated as follows

= (70,000×35/100)+(50,000+65/100)

= {70,000×0.35) + (50,000+0.65)

= 24,500+32,500

= 57,000

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Planing is the primary function of management.discuss
Bad White [126]

Explanation:

it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business

7 0
2 years ago
On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semi annually on June 30 and
pochemuha

Answer:

When the bonds are issued on January 1, 2021

Investment in Bonds $600,000 (debit)

Cash $600,000 (credit)

When the first interest accrues - June 30, 2021

Investment in Bonds $21,000 (debit)

Interest Income $21,000 (credit)

When the first interest accrues - December 31, 2021

Investment in Bonds $21,000 (debit)

Interest Income $21,000 (credit)

Explanation:

Construct the bond amortization schedule using the following parameters extracted from the question.

Pv = - $600,000

Pmt = ($600,000 × 7%) / 2 = $21,000

P/yr = 2

N = 10 × 2  = 20

Fv = $600,000

YTM = 7 %

5 0
3 years ago
You are considering purchasing a stock that currently sells for $50. The expected price of the stock in a year is $45, and durin
Verizon [17]

Answer:

The holding period return of the stock is - 6 %  or - 6.0%

Explanation:

Solution

Given that:

You are thinking of purchasing a stock that currently sells for= $50

The expected price of the stock =$45

Dividend expected to be paid =$2

Risk free rate = 5%

Market return = 10%

Stock (beta) = 0.85

We will now find the holding period return of the stock which is given below:

The formula for calculating the holding period return of a stock is  given as,

= The Expected price in a year + Dividend earned during the year – Purchase Price  / Purchase Price

We recall that:

The Purchase Price = $ 50  

Expected price in a year = $ 45

Dividend earned during the year = $ 2

Now,

By Applying the above values in the formula we have the holding period return of the stock as :

=  [45 + 2 – 50] / 50

= - 3 / 50

= - 0.0600 = - 6.00 %

= - 6.0 % ( when rounded off to one decimal place )

Therefore, the Holding period return of the stock is - 6 %  or - 6.0%

8 0
3 years ago
The next two questions pertain to the problem below: You researched Jersey Kids Corp on Yahoo Finance and you found the followin
Leona [35]

Answer:

The current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.

Explanation:

The current stock price of Jersey Kids Corp in 2021 can be calculated using the formula for the dividend discount model as follows:

P2021 = D2022 / (r - g) ............................ (1)

Where,

P2021 = current stock price in 2021 = ?

D2020 = Annual dividends per share paid in 2020 = $3.00

D2021 = Annual dividends per share paid in 2021 = D2020 * (1 + g) = $3 * (1 + 0.02) = $3.06

D2022 = Annual dividends per share paid in 2022 = D2021 * (1 + g) = $3.06 * (1 + 0.02) = $3.1212

r = required return = 10%. or 0.10

g = growth rate = 2% = 0.02

Substituting the values into equation (2), we have:

P2021 = $3.1212 / (0.10 - 0.02)

P2021 = $3.1212 / 0.08

P2021 = $39.02

Therefore, the current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.

7 0
3 years ago
According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding ma
snow_tiger [21]

Answer:

fetching and holding materials

moving materials between work areas

keeping records

cleaning machinery

Explanation:

These are correct on edge

7 0
3 years ago
Read 2 more answers
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