Record the transactions in the correct subsidiary Journals on 31 December 2011

________ management deals with managing a company's finances in a way that achieves the highest rate of return.

klemol [59]

Answer:

The correct word for the blank space is: Financial.

Explanation:

Financial management within an organization is in charge of planning, organizing, and controlling the financial sources in a way that matches the company's needs with its objectives. It aims to generate profit for a business to make sure the Return Over Investment (<em>ROI</em>) of the firm is good enough.

7 0

3 years ago

Read 2 more answers

New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi

LiRa [457]

Answer:

b. $524.94

Explanation:

We need to solve for the PTM of a 6 year annuity with quarterly payment discount for 6.25% compounding quarterly as well:

$PV \div \frac{1-(1+r)^{-time} }{rate} = PTM\\$

PV $10,438.8800

time 24 (6 years x 4 quarter per year)

rate 0.015625 8 ( 0.0625 / 4 )

The payment every quarter will be for:

$10438.88 \div \frac{1-(1+0.015625)^{-24} }{0.015625} = PTM\\$

PTM $ 524.942

4 0

3 years ago

Regardless of the objective of an advertising campaign, each campaign's objectives must be:

andrew11 [14]

E) specific and measurable

8 0

3 years ago

You just turned 35 and have been saving for an around-the-world vacation. You want to take the trip to celebrate your 40th birth

Olegator [25]

Answer:

(a) No, there is a Shortfall = $2,965

(b) $25,202.95

Explanation:

As provided current balance: $15,000

Current return on investment = 8%

Assumed this is compound interest as no amount is withdrawn in between.

Therefore, future value of $1 after 5 years @ 8% compounded per year =

1.469

Value of $15,000 on the date of 40th Birthday = $15,000 $\times$ 1.469 = $22,035

There is a shortfall in the budgeted amount = $25,000 - $22,035 = $2,965

If $500 annual contributions are made in the same account then value shall be:

Value of $15,000 = $22,035

Value of $500 = Value of $1 after 5 years = $6.3359

= $500 $\times$ 6.3359 = $3,167.95

Then total balance in account = $22,035 + $3,167.95 = $25,202.95

8 0

3 years ago

Garnett Co. expects to purchase $90,000 of materials in July and $105,000 of materialsin August. Three-quarters of all purchases

marissa [1.9K]

Answer: $101,250

Explanation:

Given that,

Expects to purchase material in July = $90,000

Expects to purchase material in August = $105,000

August's cash disbursements for materials purchases:

= 75% of August purchases + 1/4 of July purchases

= 0.75 × $105,000 + 0.25 × $90,000

= $78,750 + $22,500

= $101,250

7 0

3 years ago