Why is using a budget beneficial?

Dahlia is trying to make partner at one of the city's most prestigious law firms. It is generally understood that associates rem

aleksandrvk [35]

Answer:

The answer is social norms.

Explanation:

Given:

Dahlia is trying to make partner at one of the city's most prestigious law firms. It is generally understood that associates remain hard at work in the office until at least 7 or 8 each evening. This is an element of the firm's ___________.

Now, to get the answer:

This is an element of the firm's social norms.

Social norms:

Social norms role are to guide behaviour in environment or in the society as an appropriate way. These are regarded as acceptable representations of group conduct or an individual conduct of any group.

Social norms in other way are some kind of system or rules that are used and prescribe to the people living in society for what to do or what not to.

As for example, not to drink or smoke in public or reduce its use as it it is injurious to health and life.

Therefore, the answer is social norms.

4 0

4 years ago

A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:

s344n2d4d5 [400]

A) The company should not invest in the provided project due to the negative NPV of the project.

B) The NPV of the project comes out to be (286).

NPV is an abbreviated form of Net present value and computed by deducting the cash outflows from cash inflows at the present value.

Given values:

Cash flow of year 1: $10,000

Cash flow of year 2: $10,000

Cash flow of year 3: $2,000

Cash outflow (cost of investment) =$20,000

Step-1 Computation of PV of cash inflows of every year:

PV of year 1 = Cash inflow of year 1 / (1+ interest rate)^ 1

= $10,000 / (1+0.07) ^ 1

= $10,000 X 0.934579

= $9,346

PV of year 2 = Cash inflow of year 1 / (1+ interest rate)^ 2

= $10,000 / (1+0.07) ^ 2

= $10,000 X 0.873438

= $8,735

PV of year 3= Cash inflow of year 1 / (1+ interest rate)^ 3

= $2,000 / (1+0.07) ^ 2

= $2,000 X 0.816297

=$1,633

Step-2 Computation of total amount of PV of cash inflows:

$\rm\ PV \rm\ of \rm\ cash \rm\ inflows = \rm\ PV \rm\ of \rm\ year \rm\ 1 + \rm\ PV \rm\ of \rm\ year \rm\ 2 + \rm\ PV \rm\ of \rm\ year \rm\ 3\\\rm\ PV \rm\ of \rm\ cash \rm\ inflows =\$9,346 + \$8,735 + \$1,633\\\rm\ PV \rm\ of \rm\ cash \rm\ inflows =\$19,714$

Step-3 Computation of NPV:

$\rm\ NPV=\rm\ PV \rm\ of \rm\ cash \rm\ inflows- \rm\ Cost \rm\ of \rm\ investment\\\rm\ NPV=\$19,714-\$20,000\\\rm\ NPV=\$ (286)$

Therefore, the NPV comes out to be a negative amount of 286, and hence, the company should not accept the project.

Learn more about the net present value in the related link:

brainly.com/question/14015430

#SPJ1

5 0

2 years ago

A principal of $2700 is invested at 8.75% interest, compounded annually. how much will the investment be worth after 8 years

Goshia [24]

The formula for compounding interest is

F= P(1+i)^n

where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,

F = 2700(1+0.0875)^8
F = $ 5282

I hope I was able to help you with this. Have a good day!

5 0

3 years ago

A common solution to the free-rider problem is Choose one or more: A. for government to provide the good and then pay for its pr

seraphim [82]

Answer:

A. for government to provide the good and then pay for its production through taxation.

Explanation:

Free Riding is an economic problem implying usage of 'non excludable' good, by people not contributing to pay for it.

Example : Roads, Bridges etc.

One most suitable solution to free rider problem is : Providing it through government and treating all prospective beneficiaries as unified consumers set , dividing the entire total cost equally between all of them - through mechanism of taxation

5 0

4 years ago

Byte Computer Corporation acquired 90 percent of Nofail Software Company’s common stock on January 2, 20X3, by issuing preferred

natima [27]

Answer: Step by step explanation of the consolidated balance sheet is given in the attached document.

Explanation:

Consolidated Balance Sheet

A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with no distinctions on which items belong to which companies. If your company has $1 million in assets and it purchases subsidiaries with assets of $400,000 and $300,000, respectively, then your consolidated balance sheet will show $1.7 million in assets, and the sheet will commingle those assets. For example, in the asset section, accounts receivable will list the total amount of receivables held by all three companies.

When to Consolidate

A company must issue consolidated financial statements whenever it owns a controlling stake in another business – that is, whenever it owns more than 50 percent of that business. If the parent company owns 100 percent of the subsidiary, this is pretty straightforward. Complications arise, however, if the parent company owns a controlling stake with less than 100 percent ownership. Part of the subsidiary belongs to someone else, and that must be reflected on the balance sheet.

5 0

3 years ago