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2 years ago

Distinguish between small and large office.

Business

1 answer:

KonstantinChe [14]2 years ago

4 0

Answer:

A small office is usually found in a small organisation because the volume of clerical activities is small. An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.

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Vance has a vested account balance in his employer-sponsored qualified profit-sharing plan of $40,000. He has two years of servi

Maurinko [17]

Answer: $5,000

Explanation:

Per the requirements of qualified plans that permit loans, the maximum amount that an individual can withdraw is whichever is lesser between $50,000 and 50% of their Vested Account Balance.

Vance in this scenario has a vested account balance of $40,000.

50% of that would be $20,000.

That means that he can be loaned $20,000. However, he already has an outstanding loan balance that must be accounted for of 15,000.

Subtracting those figures we have,

= 20,000 - 15,000

= $5,000

The maximum loan that Vance can take from the qualified plan is $5,000

7 0

3 years ago

What amount would the insurance company pay for vandalism that does $425 of damage to a home if the insured homeowner has a $500

iren [92.7K]

ZERO amount would the insurance company pay for vandalism that does $425 of damage to a home if the insured homeowner has a $500 deductible.

( Because the deductible exceeds the loss or the damage. The loss is $425 and the deductible is $ 500, so here the deductible exceeds the loss hence the insurance company will not pay anything).

People like you pay premiums to insurance companies to cover potential losses related to their property. Insurance companies receive these premiums and aggregate them into money pools. These funds are available to cover losses incurred by pool members.

When you report a car accident to the insurance company, the insurance company will send an adjuster to assess the damage. The expert's first task is to decide whether to classify the vehicle as a total loss. Assuming the vehicle is a total loss, the expert performs a valuation and assigns a value to the vehicle.

Learn more about vandalism at

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5 0

1 year ago

After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more

Brrunno [24]

Answer:

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

Explanation:

It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.

Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.

Therefore, such cost is ignored.

Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,

Rational choice will be for solar electricity worth $10 million.

Therefore, correct statement is

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

4 0

3 years ago

On November 1, 2017, Blue Company borrowed from Yellow Bank and received a 9-month note for $60,000 at a 5% interest rate. Inter

frutty [35]

Answer:

In the books of Blue Company:

November 1, 2017:

Debit Cash $60,000

Credit Note payable $60,000

(To record borrowed note from Yellow Bank)

December 31, 2017:

Debit Interest expense $500

Credit Interest payable $500

(Interest expense recognition on note for 2 months)

August 1, 2018:

Debit Note payable $60,000

Debit Interest payable $2,250

Credit Cash $62,250

(To record settlement of note at maturity)

In the books of Yellow Bank:

November 1, 2017:

Debit Note receivable $60,000

Credit Cash $60,000

(To record note receivable from Blue Company)

December 31, 2017:

Debit Interest receivable $500

Credit Interest revenue $500

(Interest revenue recognition on note for 2 months)

August 1, 2018:

Debit Cash $62,250

Credit Note receivable $60,000

Credit Interest receivable $2,250

(To record note collection at maturity)

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense / revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense / revenue is $60,000 x 5%/12 x 9 months = $2,250.

Monthly interest expense / revenue is therefore $2,250 / 9 months = $250.

Therefore, interest expense / revenue recognition for 2 months will be $250 x 2 months (November 1 - December 31) = $500.

8 0

3 years ago

PE and Terminal Stock Price [LO2] In practice, a common way to value a share of stock when a company pays dividends is to value

solong [7]

Answer:

$150.15

$92.31

Explanation:

Target stock price in year 5 = Earnings per share in year 5 x benchmark PE ratio

Earnings per share in year 5 = dividends per share in year 5/ pay-out ratio

Dividend in year 1 = $1.15 x 1.20 = $1.38

Dividend in year 2 = $ 1.15 x 1.20^2 = $1.66

Dividend in year 3 = $1.15 x 1.20^3 = $1.99

Dividend in year 4 = $1.15 x 1.20^4 = $2.38

Dividend in year 5 = $1.15 x 1.20^5 = $2.86

$2.86 / 0.4 = $7.15

$7.15 x 21 = $150.15

b. the stock price today can be found by finding the present value of the dividends

Present value can be found using a financial calculator

Earnings per share in year 5 = dividends per share in year 5/ pay-out ratio

Dividend in year 1 = $1.15 x 1.20 = $1.38

Dividend in year 2 = $ 1.15 x 1.20^2 = $1.66

Dividend in year 3 = $1.15 x 1.20^3 = $1.99

Dividend in year 4 = $1.15 x 1.20^4 = $2.38

Dividend in year 5 = $1.15 x 1.20^5 = $2.86

Stock price in year 5 = $150.15

i = 12%

Stock price (present value) = $92.31

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0

3 years ago

Distinguish between small and large office.​

Distinguish between small and large office.