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3 years ago

You need to hire a receptionist that will be handling cash. What steps would you take to make sure you hire the right person?

1 answer:

7 0

-I’ll make sure that the person is honest-I’ll do the background check-I’ll do the drug screening-I’ll make sure that the person has good math skills-I’ll make sure that the person has appropriate experience in handling cash

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Your current account balance is $215. you have $322 of expenses each month. your income is $444 per month. how long will it take

sladkih [1.3K]

It will take me at least or approximately 7 months to accumulate a balance of $1000 in my account

6 0

3 years ago

Which of the following assets must be reported at the lower-of-cost-or-market value? A. Merchandise Inventory B. Accounts Recei

neonofarm [45]

Answer:

The correct answer is letter "A": Merchandise Inventory.

Explanation:

Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).

Therefore, <em>merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.</em>

6 0

3 years ago

Where could an identity theft access your personal information? AWhile on public WiFi at your neighborhood coffee shop. BFrom st

lord [1]

The answer is both A and B

6 0

3 years ago

To achieve gains from trade, each nation should specialize in the production of a good or service if:

irinina [24]

Answer:

Explanation:

A country gains from trade if it specialises in the production of the good for which it has a comparative advantage

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.

for country A,

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

3 0

3 years ago

You have the following data on The Home Depot, Inc. Market value of long-term debt: $20,888 million Market value of common stock

Phantasy [73]

Answer:

Expected rate of return on equity under the new capital structure is 9.75 %

Explanation:

given data

Market value of long-term debt = $20,888 million

Market value of common stock = $171,138 million

Beta = 1.04

Yield to maturity at 10 year t = 2.167%

Expected return on equity = 8.895%

Marginal tax rate t = 35%

solution

we get here cost of unlevered equity by the cost of levered equity formula that is

cost of levered equity = rSU + (rSU-rD) × (1-t) × (D÷S) .................1

here rSL is cost of levered equity and rSU is cost of unlevered equity and rD is before tax cost of debt and D is value of debt and S is value of equity.

put here value and we will get

8.895% = rSU + (rSU-2.167%) × (1-35%) × (20,888÷171,138)

solve it we get

rSU = 0.084005

cost of unlevered equity = 8.40 %

and

cost of levered equity for new capital structure will be

put here value in equation 1

cost of levered equity = 8.40 + (8.40-2.376%) × (1-35%) × ( 20 ÷ 80 )

cost of levered equity = 9.75 %

5 0

3 years ago