Answer:
a. $84,000
Explanation:
Given, credit purchases are 40% of the sales, will be collected in the following month
Credit purchase = Budgeted purchase * 40%
Credit purchase = $210,000 * 40%
Credit purchase = $84,000
So, the budgeted balance for Accounts Payable at October 31, 2016 is $84,000.
Answer:
the nominal interest rate is 7%
Explanation:
The calculation of the nominal interest rate is given below:
As we know that
Nominal interest rate is
= Real interest rate + Inflation rate
So,
The nominal interest rate should be
= 5% + 2%
= 7%
Hence, the nominal interest rate is 7%
The same is to be considered and relevant
Answer:
finance , social life , academics and personal life
Answer:
<u>First mover advantage</u>
Explanation:
First mover advantage refers to the process wherein a company gains competitive advantage over it's competitors due to being the first in an industry for coming up with a product or service or being the first one to employ a certain management system or technique.
A first mover gains advantage since by the time other market participants enter the arena, such a firm has already reaped bulk of the advantage.
In the given case, the steel manufacturing company adopted a new supply chain management system courtesy of which it is able to reduce the procurement time of raw materials considerably thereby leading to efficient production. It has also lead to reduction of costs and thus, has increased profitability.
This represents a case of first mover advantage achieved by the company owing to which it has gained a competitive advantage currently.
Answer:
We = 68.97%
Explanation:
Let weight of equity in the capital structure be represented by We.
Therefore the capital structure weight of the firm's equity is 68.97%.
