Answer:
34.285%
Explanation:
<u> Income Statement : </u>
<u>Particular Amount</u>
Sales $175,000
<u>Less: Cost of goods sold $115,000
</u>
<u>Gross profit $ 60,000
</u>
Gross profit Margin = [(Net Sales - cost of goods sold) / Net Sales]100
Gross profit Margin = [($175,000 - $115,000) / $175,000] 100
Gross profit Margin = [$60,000 / $175,000]100
Gross profit Margin = [0.34285]100
Gross profit Margin = 34.285%
Primarily Hofstede developed this cultural model based on differences in values and beliefs regarding work goals.
<h3>
What are the Six dimensions of Hofstede's Culture?</h3>
The followings are the 6 cultural dimensions of Geert Hofstede are:
- Power Distance Index
- Individualism Vs Collectivism
- Masculinity Vs Femininity
- Uncertainty Avoidance Index
- Long Vs Short Term Orientation
- Indulgence Vs Restraint
Thus, Hofstede developed many cultural dimensions out of them. We have all already discussed the 6 dimensions of culture.
Learn more about Hofstede's Culture here:
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Answer:
25%
Explanation:
Net Operating Income÷Avg Invested Assets
AVG Invested assets=140,000+180,000÷2
40,000÷160000=25%
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
In conclusion, it's very important that governments receiving federal grants and contract funds have an accounting information system with adequate internal controls capable of delivering reliable information to compare the actual amount spent with budgeted amounts.
Answer:
Market price of share = $26.57
Explanation:
According to the dividend valuation model, the value of a stock is the present value of the expected future dividends from the stock discounted at the the required rate of return.
The required rate of return here is 15%
The dividend growth model a be applied to each of the years as appropriate.
The share price of Extreme Reaches Corp can be computed as follows:
Year working Present value of Dividend
1 3.00 × (1.15) ×(-1) = 2.61
2 5× (1.15)^(-2) = 3.78
3 7.50× (1.15^(-3) = 4.93
4 10.0× 1.15^(-4) = 5,72
5 to infinity <em> (see working) = </em><u> 9.52</u>
Present value <u>26.57</u>
Working
Present value of dividend from Year 5 to infinity
PV (in year 4) of dividend from year 5 to infinity = 2.50× 1/(1.15)= 16.66
Present value in year 0 = PV in year 4× 1.15^(-4)
Present value in year 4 = 16.66× 1.15^(-4) = 9.52
Market price of share = $26.57