The total account Dept as of the statement date is known as the balance.
Answer: 110 days
Explanation:
The operating cash cycle is the difference between the operating cycle (accounts receivable and inventory) and the payment cycle (accounts payable)
Days of operating cycle = (Days Accounts Receivable + Inventory days) - Days of Accounts Payable
Inventory days = Days Accounts receivable - Days accounts payable - Days of operating cycle
Inventory Days = 40 - 30 - 120
Inventory Days = 110 days
Answer:
However, the economy has been characterised by a structural shift in output over the past four decades.
Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.
Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.
Explanation:
South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.
Answer:
Correct option is (c)
Explanation:
Principal amount of bond is also called face value of bond that is repaid in full at maturity. Bonds are issued for a fixed period called maturity period that could be 3 years, 5 years or 10 years. At the end of this period, Bond's face value that could be $100 or $1,000 is repaid fully. Repayment of principal amount is not dependent on frequency of coupon payment.
Coupon payments are paid annually or semi annually as the case may be. This is annual interest rate that is paid to the bond holder till maturity of bond. It is calculated on the face value. For example, 5% bond of face value $1,000 is issued. Semi annual coupon payment will be 0.025 × 1,000 = $25.
