Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles.
Answer: B
Explanation:
Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.
Answer:
d. Project X
Explanation:
For Project X
Year Net cash outflow Net cash inflow Balance
0 -$77,000 -$77,000
1 $28,000 -$49,000
2 $28,000 -$21,000
3 $28,000 $7,000
4 0 $7,000
Payback period = 2 + $21,000 ÷ $28,000
= 2 + 0.75
= 2.75 years
For Project Y
Year Net cash outflow Net cash inflow Balance
0 -$55,000 -$55,000
1 $2,000 -$53,000
2 $25,000 -$28000
3 $25,000 -$3,000
4 $20,000 $17,000
Payback period = 3 +3,000 ÷ 20,000
= 3 + 0.15
= 3.15 years
Project X has a lesser than 3 year payback period. So, the correct option is D
Answer:
Debit Treasury stock for $3,600
Credit Cash also for $3,600
Explanation:
A share repurchase which is also known as a share buyback refers to an act of buying back by a company of its own shares from the market.
A share repurchase is another flexible way thrrough which a company returns money back to shareholders.
The repurchase of California Surf Clothing Company can be recorded as follows:
<u>Account Name Dr ($) Cr ($) </u>
Treasury stock (w.1) 3,600
Cash 3,600
<em><u>(To record 100 shares repurchase at $36 per share.) </u></em>
Working
w.1: Treasury stock = Number of shares repurchase * Cost per share = 100 * $36 = $3,600
You can get 1 free credit report once every 12 months per your request if you are with a company that the Fair Credit Reporting Act (FCRA) required, such as Equifax, Experian, and TransUnion. however with other companies; i'm not 100% sure... but i believe it might be the same thing for all companies. (it's all ive got in notes ^^||)
hope this helps
