Answer:
The correct answer is option D) A Master Budget is is a substitute for the management functions of planning and coordination.
Explanation:
A master budget is not the initial budget a company makes, It is the final budget that incorporates all other specific budgets such as financial budget, operational budget, production budget, marketing budget and ore.
It serves a central planning tool that a management team uses to direct the activities of a company, set targets and execution strategy.
It also provides a framework to judge performance for respective departments.
Answer:
current share price = $85.96
Explanation:
Find the PV of each dividend
PV= FV / (1+r)^t
r= required return
t= total duration
PV(D1) = 18 / (1.14)= 15.78947
PV(D2) = 14 / (1.14^2) = 10.77255
PV(D3) = 13 / (1.14^3) = 8.774630
PV(D4) = 7.50 / (1.14^4) = 4.44060
PV(D5 onwards) is a two-step process, first PV of growing perpetuity;
PV(D5 onwards) at yr4 =[7.50*(1+0.04) ] / (0.14-0.04) = 78
second, finding PV today ; PV(D5 onwards) at yr 0 = 78 / (1.14^4) = 46.18226
Add the PVs to get the current share price = $85.96
Answer: True.
Explanation:
People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.
It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.
For this reason therefore, she would include a stipulation changing the scheme to include careful performance of the other duties before any sales commission can be earned. This way they'll start to do those other things since they are now paid to do so.
The D/E ratio indicates how much debt a company is using to finance its assets relative to the value of shareholders' equity
1) They are young and not so smart o( just a saying), 2) They think they will be rich forever and forever be on top of the world, 3) Ignorance or following the wrong financial advice, 4) Instead of them wisely taking care of their finances, they put it in other people's hands, who of course abuse it as well or take advantage. :)
