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mixas84 [53]
2 years ago
12

Virginia Enterprises makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30

% Paid in the first month following purchase: 65% Paid in the second month following purchase: 5% If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30
Business
1 answer:
Mademuasel [1]2 years ago
4 0

Answer:

$18,000

Explanation:

Prepare an Accounts Payables Budget

The firm's budgeted payables balance on June is $18,000

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Jason Allen is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What will b
Troyanec [42]

Answer:

Value of investment after 10 years will be $738244

Explanation:

We have given that Jason Allen is planning to invest $26000 today in mutual fund

So present value P = $26000

Rate of interest r = 11 %

Time period n = 10 years

We have to find the amount after 10 years

We know that amount is given by

A=P(1+\frac{r}{100})^n, here A is future value , P is present value r is rate of interest and n is time period

So amount after 10 year will be A=26000\times (1+\frac{11}{100})^{10}

=26000\times 1.11^{10}

=260000\times 2.8394=738244

So value of investment after 10 years will be $738244

8 0
3 years ago
Classlfylng Items on the Indirect statement of cash flows [10 mln]
il63 [147K]

Answer:

Please see the answers below:

Explanation:

(O+) a. Increase in accounts payable

(F-) b. Payment of dividends

(O-) c. Decrease in accrued liabilities

(F+) d. Issuance of common stock

(O-) e. Gain on sale of building

(O+) f. Loss on sale of land

(O+) g. Depreciation expense

(O-) h. Increase in inventory

(O+) i. Decrease in accounts receivable

(I-) j. Purchase of equipment

3 0
3 years ago
Luke invested $110 at 3% simple interest for a period of 6 years. How much will his investment be worth after 6 years?
Finger [1]

Answer:

investment after 6 years = $129.80

Explanation:

given data

invested = $110

simple interest = 3%

period = 6 years

to find out

How much will his investment be worth after 6 years

solution

first we get here interest that is express as

interest = invested amount × rate × time    ..................1

interest = $110 × 3% × 6

interest = $19.8

and

investment after 6 years = invested amount + interest   .................2

investment after 6 years = $110 + $19.8

investment after 6 years = $129.80

3 0
3 years ago
When reviewing the offering documents for a new issue, the FINRA Corporate Financing Department will only permit a new issue to
Dmitrij [34]

The FINRA Corporate Financing Department will only approve a new issue to be offered by a member firm after analyzing the offering documentation for the new issue and determining that the offering spread is reasonable and fair.

<h3>What does the finance department do?</h3>

A business's finance department is the division in charge of procuring and managing all financial resources on the company's behalf. The department oversees income and expenses in addition to ensuring that operations function smoothly with the least amount of disturbance.

<h3>How does a financial department operate?</h3>
  • Banking, leverage or debt, credit, capital markets, money, investments, and the design and management of financial systems are all included in the field of finance.
  • Micro economic and macroeconomic theories form the foundation of fundamental financial ideas.
<h3>Why is a company's finance department important?</h3>

A company's finance department is crucial in monitoring performance and developing answers to vital inquiries concerning risk management and return on investment. There won't be a green light without a profit.

learn more about finance department here

<u>brainly.com/question/22525869</u>

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7 0
2 years ago
You are the owner of a Comfort Inn and would like to hire a new general manager. In terms of preventing possible agency problems
Elanso [62]

Answer:

To avoid possible agency problems, <em>profit sharing</em> should be included in your offer

Explanation:

<em>Profit sharing</em> has to be included to ensure trust and to also gain the new general manager's trust

3 0
3 years ago
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