raise money to finance their companies
find investors for their businesses
offer expert financial advice
Explanation:
<u>Investment banks are essentially avenues for investors to find good investment avenues in the work of the entrepreneurs </u>and for entrepreneurs to find viable investors who will take their company forward by financing it.
<u>The financing of this sort is often advised by the bank for the mutual profit of the two parties.</u>
As such an avenue they are in a position to advice the entrepreneur on which opportunity to take and which to pass on.
Answer:
Social
Explanation:
In this secanrio social forces affected MySpace performance and they were eventually sold at $38 million from an initial value of $580 million.
Social factors affect consumer behaviour, through influence of a person or group on another through culture social class, reference groups and family.
My Space targeted only people below 25 years, so this means they cannot interact with people in other age groups. They lost appeal for MySpace as a result.
Answer:
The correct journal entry to record the payment on July 12 is:
Debit Accounts Payable $1,700
Credit Merchandise $34
Credit Cash $1,666
Explanation:
Credit terms of 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
On July 5:
Debit Merchandise $2,000
Credit Accounts payable $2,000
On July 7:
Debit Accounts payable $300
Credit Merchandise $300
On July 12, the company pays and takes the appropriate discount:
2% x ($2,000 - $300) = $34
The company uses a perpetual inventory system, and records purchases using the gross method.
The journal entry to record the payment:
Debit Accounts Payable $1,700
Credit Merchandise $34
Credit Cash $1,666
Answer:
8,938.0168 present value of the car in Kangaroo Autos.
Explanation:
We will calculate present value of annuity of $300 per month during 30 months at 0.83% discount rate:
C $ 300
time 30 months
rate 0.0083 per month
PV $7,938.0168
We will add the 1,000 down payment
7,938.0168 + 1,000 = 8,938.0168 present value of the car in Kangaroo Autos.
Glow plugs should have high resistance when warm and lower resistance when cold
