Answer:
Part (a) The net income of carter is $115 million.
Part (b) The closing cash balance at the end of year is $360.
Explanation:
Part (a) Net Income Computation:
Sales $825
Cost of goods sold <u>(</u><u>$290</u><u>)</u>
Gross Profit $535
Other Expenses <u>(</u><u>$425</u><u>)</u>
Net income $115 Million
Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.
Opening Cash position $290
Collection from Sales $710
Inventory Invoices paid ($350)
For Everything <u>($290)</u>
Closing Cash balance $360
<u>"Money laundering" </u>is a process in which an amount of money gained from illegal activities is made to appear as if it is earned from a genuine source.
Money laundering is a criminal plan that can work likewise, yet it includes the stowing away of cash as opposed to a ball.
Money laundering is an approach to cover wrongfully acquired assets. Money laundering works by moving cash in intricate and convoluted monetary exchanges which deceive any individual who may look to follow and audit the exchanges. The goal is to make it hard to recognize the first party to the exchange, known as the launderer.
Answer:
Market capitalization - $155.26
Stock price - $26.77
Explanation:
The computation of the market capitalization is shown below:
= last year dividend × (1 + growth rate) ÷ (cost of capital - growth rate)
= $5.18 billion × ( 1 + 7.9%) ÷ (11.5% - 7.9%)
= $5.58,922 billion ÷ 3.6%
= $155.26
And, the stock price would be
= Market capitalization ÷ outstanding shares
= $155.26 ÷ 5.8 billion
= $26.77
Answer:
<em><u>Thus, micro-finance has become one of the most effective interventions for economic empowerment of the poor. Microfinance is an economic development approach that involves providing financial services, through institutions, to low-income clients, where the market fails to provide appropriate services (Kumudini, 2015).</u></em>
Answer:
Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate
Explanation:
Normal costing refers to the actual cost of direct materials, direct labor, and manufacturing overhead applied. This cost is calculated by using a predetermined annual overhead rate.
Direct costs are expenses involved in producing goods or providing services and indirect costs are general expenses that are involved in operating.
The statement about normal costing which is not true is ''Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate''
