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kondor19780726 [428]
2 years ago
7

How would one establish a petty cash fund for $500?

Business
1 answer:
Sindrei [870]2 years ago
7 0

Answer:

Explanation:

It's B

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Bright Future Investment Fund has a balance of $1, 205 on January 1. On May 1, the balance is $1, 230. Immediately after this ba
lilavasa [31]

Answer:

The fund balance at the end of the year is $22,075.

Explanation:

Let X denote the end-of-year balance. During the year, the balance grows as follows

1,205 → 1,230+ ($800) = 2,030

The time-weighted yield rate for the one yearperiod is 11.1%

11.1 = \frac{1230}{1205} * \frac{X}{2030}

1230x = 27152265

x =  \frac{27152265}{1230}

x = $22,075

7 0
3 years ago
A(n) ____ is a set of guidelines for helping a firm make ethical decisions:
vazorg [7]
A code of conduct is a set of guidelines for helping a firm make ethical decisions. It <span>states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. Hope this answers the question.</span>
5 0
4 years ago
Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent,
LenKa [72]

Answer:

22.7 %

Explanation:

We can solve two of the problems using Capital Asset Pricing Model (CAPM) which is as follows:

Ra= Rf + (Rm-Rf)*B

Where,

Ra= Rate of return on stock

Rm= Rate of return on market

Rf= Risk Free rate

B= Beta coefficient of stock

Now we can move for your problem

Prob1) Ra= .15, Rf= .08, Rm= .13, B= ?

.15=.08+(.13-.08)B

Therefore, beta Coefficient = 1.4              

Prob2: Ra= ?, Rf= .04, Rm= .15, B=1.7

= .04+(.15-.04)*1.7

Therefore, Ra=0.227 = 22.7 %

4 0
3 years ago
On September 1, 2021, Red Co., issued $48 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature o
Harlamova29_29 [7]

Answer:

$1,200,000

Explanation:

The computation of the accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000,000 × 10% × (3 months ÷ 12 months)

= $1,200,000

We simply applied the simple interest formula by considering the principal amount, rate of interest and the number of months so that the correct amount could come

3 0
3 years ago
Pepsico's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inve
Mandarinka [93]

Answer:

The inventory forecast for next year is $ 120.4.

Explanation:

In this question relationship between sales and inventory is expressed in the form of an equation. This problem requires us to tell the value of inventory if sales is $ 400. So we can simply calculate the inventory value by putting value of x= 400 in the equaltion given in the question.

Inventories = $26.8 + 0.234 x

Inventories = $26.8 + 0.234 ($400)

Inventories = $ 120.4

(<em>Assume sales increase is due to increase in quantity sold not price</em>)

5 0
3 years ago
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