Answer:
Spalding Pointers Corporation
Sales Budget
For the first quarter of year 1.
Details January February March
Sales revenue ($) 120,000 126,000 132,300
Explanation:
Before preparing the sales budget, the following are calculated first:
Expected sales in January year 1 = $120,000
Expected sales in February year 1 = Expected sales in January year 1 * (100% + Expected percentage increase) = $120,000 * (100% + 5%) = $126,000
Expected sales in March year 1 = Expected sales in February year 1 * (100% + Expected percentage increase) = $126,000 * (100% + 5%) = $132,300
The sales budge will now look as follows:
Spalding Pointers Corporation
Sales Budget
For the first quarter of year 1.
Details January February March
Sales revenue ($) 120,000 126,000 132,300
How should you award bonuses when someone falls short of a stretch goal?
Select an answer:
a) Give them zero they didn't hit the goal
b) Give them 50% of the possible bonus for trying
c) Give them the full possible bonus since they at least met the commit goal
d) Give them a pro rata amount for how much above the commit goal they went
Give them 50% of the possible bonus for trying: award bonuses when someone falls short of a stretch goal. Thus, option C is the correct option.
A stretch objective is one that requires a lot of work and risk. It is purposefully placed above average norms to draw astronomical rewards, chances, and experience. Stretch objectives are not anticipated to be entirely met.
They are intended to stimulate development and combat team complacency. Reaching a stretch goal is seen as great performance. It shouldn't be viewed as low performance when it is missed. Stretch objectives are consciously made to be out of reach.
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QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
1. What is considered a responsible use of money?
A. living within your means
B. buying a new car
C. signing a lease
D. getting a promotion
2. What is considered an irresponsible use of money?
A. buying a new washer/dryer
B. spending exceeds income, or living beyond one's means
C. paying for three streaming services
D. taking out student loans to pay for college
3. What is a passive form of income?
A. a wage
B. a salary
C. interest paid on savings or bond investments
D. A and B
4. What are tips most similar to?
A. hourly wages
B. piece work rates
C. commissions
D. salaries
5. What is considered a wage?
A. Any amount paid to someone for any reason.
B. An annual amount agreed upon in advance paid to a full-time employee to perform a role regardless of time spent.
C. A fixed amount paid per completion of a unit of a good.
D. A fixed amount paid per period of time spent working.
In conclusion, despite the fact that money has existed in a variety of forms throughout history, it has always served the same three purposes: as a store of value, a unit of account, and a medium of exchange.
What is Money ?Money is a liquid asset that is used to promote value-based transactions. It serves as a channel of communication between people and things. It can measure the value of other items and serves as both a store of value and a unit of account.
Most economies relied on bartering before the creation of money, in which people exchanged the products they already owned for the things they required.
Hence Correct Options gggfor the given Questions are
1. A
2. B.
3. C
4. C.
5. D
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation:
Do interest rates matter for credit cards?
Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.
The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.
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To avoid subsidies, the government should cap the price for a natural monopoly at its:________ a) average total cost. b) fixed cost. c) marginal cost. d) average variable cost.
Answer:
a) average total cost
Explanation:
In the case when the subsidies are avoided and the government wants to cap the price for the natural monopoly so it should be at average total cost. Because the government have to compensate the loss in the case when the government force the monopolies to generate at that time when the marginal cost is equal to Price so at this case the government should keep the proces at an average total cost equal to price so no loss and no subsidy is there
Hence, the correct option is a.
define liquidity economics.
Explanation:
means how quickly you can get your hands on your cash. In simpler terms, liquidity is to get your money whenever you need it.
Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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a economy usually stresses the equality of all citizens. t or f
A social market economy generally stresses the equality of all citizens. A Laissez-faire economic system ambitions to be self-sufficient.
What is supposed social market economy?Social Market Economy can be described as an financial order which in a framework of market economy ambitions for social security and social fairness with the aid of potential of political intervention and measures in line with the market.
While no current international locations are viewed to have a "pure" socialist system, Cuba, China, and North Korea have sturdy factors of socialist market economies.
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https://brainly.com/question/21083453#SPJ4What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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Identify the three key elements of the human resources planning model and discuss the relationships among them.
Answer:
The three key factors of Human Resource Planning Model are:
Forecasting Demand for Human ResourcesEvaluating or analysing Supply of EmployeesFinding a balance between projected Demand and SupplyExplanation:
Forecasting demand for human resources speaks to the ability or the process of the HR Department to predict how many staff will be needed for the organisation. It also answers the question "what kind of staff will be required?"
Demand for personnel is usually catalysed by internal and external factors.
Internal Factors could be:
Starting up a new companyStarting up a new business unitcreating new product and initiativesageing and retiring workforce an act of god requiring complete replacement of displaced personsExternal factors to be considered are:
economic situation (recession or expansion)demand for goods and services (this may trigger an internal occurrence such as the expansion of a business unit)HR Supply Analysis
Analysing the supply of talent simply means evaluating the ability of the company to attract the required person for specific roles when the need arises.
It also has an Internal and External dimension to it.
Internal Dimension: This examines the current staff of the company for potential selection into key roles in the near term and or foreseeable future. This element triggers the succession planning strategy.
External Dimension: This requires the HR Department to evaluate the business environment in order to determine how the psychographics, demographics and other external factors such as government laws will affect the supply of labour. If for instance, the industry under consideration is Medicine, and the government does not have laws in place to ensure adequate compensation for medical personnel, it is possible that this will lead to brain drain to other countries where there is a greater value placed on such services. In this situation, the entrepreneur would have to consider a strategy that allows in to attract the best hand and retain them for the long haul.
Balancing the Forecasted Demand vs Supply of Labour
Ensuring that there is a continuous supply of persons to meet existing and or forecasted demand for labour is an art which requires a blend of various strategies.
The HR department would need to
create an keep a tab on its employer brandinstitute a recruitment strategy that covers internal and external recruitment ensure that there is a business continuity strategy - this ensures that the business regardless of how the supply of labour in the short or long term has all the required skill to continue its operations.Other strategies to consider are retention, recruitment and reward strategies.
Cheers!
The MC = P rule applies
Select one
A. Only when the firm is a price taker or perfectly competitive firm
B. To firms in all type of industries
C. Only to monopolies
D. Only to monopolistic competition
Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.
1. Payback period will be 2 years.
2. The rate of accounting return on investment for the machine is 35%.
To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.
Step 1: Calculate the annual net cash flow.
Annual net cash flow = Annual revenues - Annual expenses excluding taxes
Annual net cash flow = $1,200,000 - $700,000 = $500,000
Step 2: Determine the payback period.
Payback period = Initial investment / Annual net cash flow
Payback period = $1,000,000 / $500,000
Payback period = 2 years
Therefore, the payback period for the investment in the machine is 2 years.
To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.
Step 1: Calculate the average annual net income.
Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)
Average annual net income = $500,000 * (1 - 0.30)
Average annual net income = $350,000
Step 2: Calculate the rate of accounting return on investment.
Rate of accounting return on investment = Average annual net income / Initial investment * 100
Rate of accounting return on investment = $350,000 / $1,000,000 * 100
Rate of accounting return on investment = 35%
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What are Uber's options in handling California AB5, an attempt to reclassify Uber's drivers as employees? What potential impact would each decision have?
The potential impacts of each decision with regard employee classification include financial costs, legal battles, public perception, and potentially losing market share to competitors who are able to navigate the regulatory landscape more effectively.
What is the explanation for the above response?
Uber's options in handling California AB5 are as follows:
Comply with AB5 and reclassify drivers as employees, which would result in significant increases in labor costs and potential loss of driver flexibility.
Contest AB5 and argue that their drivers are independent contractors, which could lead to legal battles and potentially a negative public image.
Seek a compromise with California lawmakers, such as creating a new worker classification that falls between employee and independent contractor, which could help maintain some flexibility for drivers while also providing certain benefits.
The potential impacts of each decision include financial costs, legal battles, public perception, and potentially losing market share to competitors who are able to navigate the regulatory landscape more effectively.
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is global economic resistance good or bad? why?
Answer:
The global economy can be a little frustrating because globalization and the global economy are terms that mean different things to different people. I have found that some people talk about the global economy and what they mean is the opening of markets and trade among nations—so that today you can buy products in a store that have been made everywhere around the world, and people everywhere around the world are buying products that we make.
That didn’t used to be the case, partly because transportation and communication technologies were inadequate and partly because there were a lot more political barriers and even wars going on that prevented people from trading with each other. But in the twentieth century—especially in the late twentieth century—there’s been a large-scale dismantling of political barriers to trade combined with a dramatic increase in communication and transportation technology that has opened up a new global market.
The following information is available for Sandhill Co.
Accounts receivable $3,500
Cash $6,300
Accounts payable 4,800
Supplies 3,880
Interest payable 500
Unearned service revenue 910
Salaries and wages expense 4,700
Salaries and wages payable 800
Notes payable 31,000
Depreciation expense 670
Common stock 57,000
Equipment (net) 110,700
Inventory 2,970.
Required:
Using the information above, prepare a balance sheet as of December 31, 2022.
The total balance sheet value for Sandhill Co as of December 21, 2022 is $162,270
What is a balance sheet?It is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Sandhill Co
Preparation of balance sheet as of December 31, 2022.
Fixed Assets
Equipment (net) $110,700
Current Assets
Accounts receivable $3,500
Cash $6,300
Inventory $2,970
Supplies $3,880
Total Assets $162,270
Current Liabilities
Accounts payable $4,800
Interest payable $500
Notes payable $31,000
Unearned service revenue $910
Salaries and wages payable $800
Financed by:
Common stock $57,000
Balancing figure $67,260
Total Liabilities $162,270
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Explain any five characteristics of Change in Organisation
Answer:Meaning of Organisational Change
Features of Organisational Change
Forces of Change
Factors Affecting Organisational Change
Process of Organisational Change
Model of Organisational Change(Force Field Analysis)
Types of Organisational Change
Approaches to Planned Organisational Change
Explanation:
Answer:
1. Planned Change:
Organisational development (OD) is an educational strategy for bringing about planned change. Planned change concept makes it different from other approaches for change in organisations.
2. Encompasses the Whole Organisation:
This change covers the entire organisation. Organisational Development is the development of the whole organisation so that it can respond to change effectively. OD tends to ensure that all parts of the organisation are well coordinated in order to solve the problems and opportunities that are brought by change.
3. Long Range Change:OD is a long term process. It may take months or years to implement it. OD is never intended to be a stopgap arrangement or measure.
4. Systems Orientation:
OD is concerned with the various groups in the organisation and their interactions with each other. It is concerned with formal as well as informal or social relationships. It is concerned with group structures, processes and attitudes. OD emphasizes on the relationships among the groups not on the groups themselves.
5. Change Agent:
The services of outside experts are obtained, generally, to implement the OD process. In OD, “Do it yourself” programs are discouraged. When the primary change agent is a consultant from outside the organisation, he can operate independently without ties to the organisational hierarchy and politics of the organisation. The personnel director is the internal agent of the organisation who coordinates the program with the management and the external agent.
As the external agent also works with the management, there is a three way relationship of the personnel director, management and the outside consultant as they develop the OD program. Very rarely, an internal change agent is used by the organisation, who usually is a specialist on the personnel staff.
Explanation:
Loan payments of $700 due three months ago and of $1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. If 9% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? The amount of each payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Answer: $654.04
Explanation:
We are given loan payments of $700 due three months ago and $1000 due today and we are to find the amount of the final payment to be paid by the borrower. Let the amount of the final payment be x.
The borrower is supposed to make a payment of $800 in two months from now. We need to determine the value of the final payment x such that all payments are settled.
To solve this problem, we use the time value of money formula. The formula is:
PV = FV / (1 + r)t
Where PV is the present value, FV is the future value, r is the interest rate, and t is the period.
We can write down the following equations based on the information given:
700/(1+0.09)^8 + 1000/(1+0.09)^5 + 800/(1+0.09)^3 + x/(1+0.09)^0 = 0
Simplifying the above equation we get:
x = $654.04
Therefore, the amount of the final payment will be $654.04.
Submission Requirements Hurry Pls Help ASAP!!!
Nine hundred word response.
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember complete sentence structure.
Paragraphs need to have minimum of six sentences.
Submit your E.T.H.I.C.S. model of one of the provided scenarios.
When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.
What is meant by Proofread?Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.
Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.
Thus, option B is correct.
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12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Smith Brothers, a furniture manufacturer based in North Carolina, has tie-ups with raw material suppliers and shipping companies who provide Smith Brothers a uniform pricing option across the United States. Despite the cost of production and distribution being the same across the United States, Smith Brothers charges more for its products on the West Coast than in other parts of the United States. Which of the following acts prohibits this practice?
a. Sherman Antitrust Act
b. Wheeler-Lea Amendment
c. Credit Card Accountability, Responsibility, and Disclosure Act
d.Telephone Consumer Protection Act
e. Robinson-Patman Act
Answer:
e. Robinson-Patman Act
Explanation:
Robinson-Patman Act is a federal law that aims to combat price discrimination by businesses. Companies are not allowed to supply goods at different prices in different locations.
The Act mostly applies to interstate trade and cooperatives are usually exempted.
In the given scenario Smith Brothers charges more for its products on the West Coast than in other parts of the United States. This is despite the fact that they get uniform cost of production across the country.
This is a violation of the Robinson-Patman Act
Please help me with this question!
Question
If you are hired to help a CEO determine why his or her company might have increasing revenue while its profits are falling what is the first thing you would consider?
The company's cost structure and the possibility for rising costs, which may be cutting into profits despite rising sales, would be the first item to take into account.
What are the top 3 techniques to boost profits?Your firm may increase profitability in three primary ways: by selling more products, raising prices, and cutting expenses. But improved cost effectiveness can potentially boost revenues.
What factor is most crucial to a business's expansion and profitability?Growth is essential to profit and long-term success, whereas profit is essential to a corporation's fundamental financial existence. Investors should consider each element in light of how it applies to a certain firm.
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how do you pay taxes and is it hard ( just curious)
What actions where required by GMC company to do business in in other countries?
GMC Company was obliged to take certain steps in order to conduct business in other nations. It is typical for businesses to take a number of steps in order to grow their business.
As well as carrying out market research to discover possible possibilities and difficulties, forming alliances with nearby companies, abiding by local rules and regulations, acquiring required permits and licenses, and customizing their goods and services to suit regional preferences.
Businesses may also need to take into account logistical difficulties like shipping and transportation as well as linguistic and cultural variations. It is crucial for companies to have a thorough strategy for conducting business abroad as well as a firm understanding of the local market.
As a result, the significance of the actions were required by GMC company to do business in other countries are the aforementioned.
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If a 7% increase in the price of cheese causes a 7% reduction in the total revenue received by cheese farmers, the demand for cheese is:A.Inelastic.B.Elastic.C.Unit elastic.D.Infinite
Answer:
C.Unit elastic
Explanation:
Unit elastic demand is the term that describes a scenario where a change in price causes a proportionate change in demand. It is one of the types of elastic demand. A good or service is said to have elastic demand if a small change in price causes a considerable change in the quantity demanded.
In the unit elastic demand, if a product price changes by a certain percentage, the demand will change by an equal percentage. In this scenario, a 7 percent price increase results in a 7 percent decrease in demand.
Rob creates a Product_Details table that has four columns: Product _ID, Product_Name, Category, Price and Discount. A product may have a 10% discount if it is on sale. Which field should Rob assign as a primary key in the table?
Rob should assign the field as the primary key in this table. Ok
QUESTION TWO. TAKE AWAY (FINANCIAL PLANNING AND FORECASTING). The management of Mirachael company ltd. wants to establish the amount of financial needs for the next two years. The balance sheet of the firm as at December 2017 is as follows: Net fixed assets stock debters cash Total assets Financed by: Ordinary shares Retained earnings 12% debt Trade creditors Accrued expenses Sh. '000' 124800 38400 28800 7200 199200 84,000 35200 20000 36000 24000 199200 Additional information: For the year ended 31 December 2017, sales amounted to 240,000.000. the firm projects that that sales will increase by 15%, this year 2018 and20 %next year 2019. The after tax profit on sales has been 11% but management is pessimistic about future operating cost and intends to use an after tax profit on sales rate of 8%p.a. the firm intends to maintain its dividend payout ratio of 80%. Assets are expected to vary directly with sales while trade creditors and accrued expenses form the spontaneous sources of financing. Any external financing needed will be effected through the use of commercial paper. Required: Determine the amount of external financial requirements for the next two years and the proforma balance sheet. (20marks)
External financing needed for 2018 equals 311,584,000
External financing needed for 2019 equals 642,900,800
How do we determine the amount of external financial requirements and the proforma balance sheet?To determine the amount of external financial requirements for the next two years and the proforma balance sheet, we need to follow these steps:
Step 1:
Calculate the projected sales for 2018 and 2019.
Projected sales for 2018 = 240,000,000 x 1.15 = 276,000,000
Projected sales for 2019 = 276,000,000 x 1.20 = 331,200,000
Step 2:
Calculate the after-tax profit on sales rate for 2018 and 2019.
After-tax profit on sales rate for 2018 = 8%
After-tax profit on sales rate for 2019 = 8%
Step 3:
Calculate the after-tax profit for 2018 and 2019.
After-tax profit for 2018 = 276,000,000 x 8% = 22,080,000
After-tax profit for 2019 = 331,200,000 x 8% = 26,496,000
Step 4:
Calculate the dividends for 2018 and 2019.
Dividends for 2018 = 22,080,000 x 80% = 17,664,000
Dividends for 2019 = 26,496,000 x 80% = 21,196,800
Step 5:
Calculate the net income for 2018 and 2019.
Net income for 2018 = 22,080,000 - 17,664,000 = 4,416,000
Net income for 2019 = 26,496,000 - 21,196,800 = 5,299,200
Step 6:
Calculate the total assets for 2018 and 2019.
Total assets for 2018 = 199,200,000 + (276,000,000 x 1) = 475,200,000
Total assets for 2019 = 475,200,000 + (331,200,000 x 1) = 806,400,000
Step 7: Calculate the spontaneous financing for 2018 and 2019.
Spontaneous financing for 2018 = (20,000,000 + 36,000,000) - (28,800,000 + 7,200,000) = 20,000,000
Spontaneous financing for 2019 = (20,000,000 + 36,000,000) - (28,800,000 + 7,200,000) = 20,000,000
Step 8: Calculate the external financing needed for 2018 and 2019.
External financing needed for 2018:
= 475,200,000 - 84,000,000 - 35,200,000 - 20,000,000 - 20,000,000 - 4,416,000
= 311,584,000
External financing needed for 2019:
= 806,400,000 - 84,000,000 - 35,200,000 - 20,000,000 - 20,000,000 - 5,299,200
= 642,900,800
Proforma balance sheet as at December 2018:
Fixed assets 124,800
Stock 38,400
Debtors 36,480
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What is the principle of supply and demand?
Answer:
erm
Explanation:
The more supply, the less demand. The less supply, the more demand.
Answer:
This is a theory that says interaction between sellers of a resource and the buyers of that resource.
What stock should I buy
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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