In reviewing the purchase request package, you should ensure funding is available and required approvals and certifications have been obtained.
<h3>What is
funding?</h3>
The act of providing resources to finance a need, program, or initiative is known as funding. While this is normally in the form of money, it can also be in the form of an organization's or company's work or time.
Asset financing is the borrowing or lending of money using a company's balance sheet assets, such as short-term investments, inventory, and accounts receivable. The corporation borrowing the funds is required to give the lender a security interest in the assets.
Retained earnings, borrowed capital, and equity capital are the primary sources of finance. Retained earnings from business operations are used by companies to expand or deliver dividends to shareholders. Businesses generate capital by either borrowing from a bank privately or going public.
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Answer:
5.25%
Explanation:
The computation of the expected growth rate for MBP’s earnings is shown below:
Expected growth rate = Historical return on equity (ROE) × retention ratio
= 15% × 35%
= 5.25%
We simply multiplied the return on equity with the retention ratio so that the expected growth rate could come
The earnings that are mentioned in the question is not relevant. Hence, ignored it
Answer:
Net Income for the year 234.500
Explanation:
Income Cash collected 375.000
Income Customer Owed 67.000
Total Income 442.000
Expenses Employees 127.000
Utilities 57.000
Rent 23.500 The effect on results of for 1 year was paid for 2 years in advance.
Total Expenses 207.500
Net Income 234.500
Answer:
True
Explanation:
In a free enterprise economic system, the government issues minimal restrictions on the types of goods or services produced. It does not set prices; neither does it dictate the nature of business operations.
In the United States, forces of demand and supply determine the prices. Entrepreneurs have the freedom to decide the type of business to operate. Customers have the option of choosing the products they want to buy. For this reason, the US main economic system is a free enterprise.
It means that the goods and services are offered are lacking in vitality, force or conviction
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