Answer:
Developing and executing the company's business strategies.
Providing strategic advice to the board and chairperson.
Preparing and implementing comprehensive business plans to facilitate achievement.
Explanation:
Answer:
71 days
Explanation:
Length of cash cycle = days of inventory on hand + days of sales outstanding - days of payables
days of sales outstanding = number of days in the period / receivable turnover
360 / 18 = 20
Answer:
$1040.56
Explanation:
A bond is debt instrument issued by a borrower which promises to pay the holder regular interest for the holding period and the terminal value at the end of the period.
According to the discounted cash flow model, the value of an asset is the present value of the future cash flows arising from the assets discounted at the required rate of return.
Present value is the worth today of an amount expected in the future.The process of calculating the present value is called discounting
To calculate the price of this bond, we shall discount the future cash flows using the required return of 8% per annum, which is the same as 4% per six-month
Interest payment per 6 month = (9% × $1000)/2= $45
PV of interest payment = 45 × (1- (1.04)^(-2×5))/0.04)= 364.995
PV of redemption value = 1000 × 1.04^(-2× 5) = <u>675.56</u>
Price of the bond 1<u>040.56</u>
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As a stipulation of a specific act, lenders must offer reasons when rejecting loan applications and must respond to all applications within 30 days. the name of this act is Equal Credit Opportunity Act of 1974.
Introduced in the House on May 29, 1973 Equal Credit Opportunity Act - Prohibits discrimination against any person on the basis of sex or marital status by any creditor, card issuer, or other person in connection with the approval or refusal of credit. A federal financial regulation law known as the Equal Credit Opportunity Act was passed in 1974. The law forbids discrimination in credit transactions on the grounds of race, colour, religion, national origin, sex, marital status, or age. In accordance with the law, creditors must notify applicants of their credit acceptance or refusal within 30 days of receiving their application. In addition, the law mandates that lenders give a justification for all lending decisions.
To learn more about Equal Credit Opportunity Act here
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