Answer:
V(t) = $ 1.5 billion for 2007
V(t) = $1.5 billion, 295 million. For 2012
Doubling time = t = 177.69 yrs
Explanation:
a).
V(t) = 1.5e^(0.039t)
For the first year 2007, t= 0
V(t) = 1.5e^(0.039*0)
V(t). = 1.5e^0
V(t) =. 1.5*1 = 1.5
V(t) = $ 1.5 billion for 2007
For 2012 that is 5 years after,t= 5
V(t) = 1.5e^(0.0039*5)
V(t) = 1.5e^ (0.0195)
V(t) = 1.5(1.019691367)
V(t) = 1.5295
V(t) = $1.5 billion, 295 million.
b). Doubling time is when the value of the export is 1.5 *2 =$ 3 billion
3 = 1.5e^(0.0039t)
3/1.5= e^(0.0039t)
2 = e^0.0039t
In 2 = 0.0039t
0.693= 0.0039t
t = 177.69 yrs
Answer: 1. 18 times
2. Park is in better position
Explanation:
1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.
Calculating would therefore be,
= $6,120,000 /$340,000
= 18 times.
2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.
If you need any clarification do comment.
Answer:
c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income
Explanation:
As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.
Accordingly if it is a security, the security laws will be applicable on them.
Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.
Answer:
if Andre orders 500 boxes at a time his anual inventory cost with holding cost included should be $150,030.
Explanation:
Answer:
c. Debit to Cash and a credit to Merchandise Inventory
Explanation:
When a buyer returns goods these are return outwards,
The correct entries to record them would be to debit cash as goods have been returned and credit the merchandise purchased so,
Debit cash account with the amount of goods returned
Credit Merchandise inventory with the amount of goods returned.
Hope that helps.
