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2 years ago

Which of the following is NOT one of the five basic functions of an

Business

1 answer:

Alex73 [517]2 years ago

4 0

Sales is NOT one of the five basic functions of an accounting department

<h3>What is accounting department?</h3>

The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company. It is part of the corporate overhead group of an organization.

An accounting department provides accounting services and manages the finances of a company.

There are five basic roles or functions within the accounting department:

Accounts receivable

Accounts payable

Payroll

Financial controls

Financial reporting

Therefore, sales is not one of the basic functions of an accounting department.

Learn more about accounting department here : https://brainly.in/question/13651687

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Consumption is $5.5 trillion, investment is $1 trillion, government expenditures are $1.5 trillion, transfer payments are $.5 tr

hammer [34]

GDP = C + I + G + NX = $5.5 trillion + $1 trillion + $1.5 trillion + $.75 trillion - $1.25 trillion = $7.5 trillion

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3 years ago

You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5.2 % 2-year zero-coupon bond 5.3 3-year

Lisa [10]

Answer:

Explanation:

a. If you believe that the term structure next year will be the same as today’s, calculate the return on (i) the 1-year zero and (ii) the 4-year zero.

b. Which bond provides a greater expected 1-year return? O 1-year zero-coupon bond O 4-year zero-coupon bond

The return on one year bond is = 5.2%

The price of 4 year bond today

$=\frac{ 1000}{ (1.055)^4}$

Price of 4 year bond today = 807.22

If yield curves is unchanged, the bond will have 3-year maturity and price will be

$=\frac{ 1000}{(1.054)^3}$

If yield curves is unchanged, the bond will have 3-year maturity and price will be = 854.04

Return

$=\frac{ (854.04 - 807.22)}{807.22}$

Return = 5.8%

The longer term bond has given the higher return in this case at it's YTM fell during the holding period(4 -year)

8 0

3 years ago

What are the two components of a universal policy?

gtnhenbr [62]

Answer:

Hey mate.....

Explanation:

This is ur answer.....

Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.

Hope it helps!

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8 0

2 years ago

Read 2 more answers

A company has preferred stock that can be sold for $21 per share. The preferred stock pays an annual dividend of 3.5% based on

NeX [460]

Answer: Therefore, the cost of preferred stock is 17.72%.

Given:

Selling price (preferred stock) = $21

Annual dividend = 3.5%

Flotation costs = $1.25

We can compute the cost of preferred stock as:

$cost \ of \ preferred \ stock = \frac{annual \ dividend}{( Price\ of \ stock - Flotation\ costs )}\\$

Cost of preferred stock = 3.5 / ($21 - $1.25)

Cost of preferred stock = 17.72%

The correct option is (b)

3 0

3 years ago

Read 2 more answers

"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr

Molodets [167]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

6 0

3 years ago

Read 2 more answers