Answers
Answer:
Explanation:
In this scenerio we have to use compound interest formula to find the investmen amount:
FV=PV(1+i)^{n}
FV: Future Value (Ferrari price)
PV: Present Value (Investment amount)
i: interest rate (0.11) (11%)
n: time (8 years)
191,000=PV(1+0.11)^{8}⇒ 191,000=PV×2,3045377697175681
PV= $82,879.96=Investment amount
Related Questions
This year, Druehl, Inc., will produce 60 comma 000 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer at the plant will work 160 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor hour, how many laborers are employed at the plant?
If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________
Which is a monetary policy that would be useful in stopping deflation?A)decreasing taxationB)increasing the discount rateC)increasing government spendingD)decreasing the reserve requirement
Pharoah, Inc., paid a dividend of $4.25 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 17.0 percent, what is the current value of the stock
Answers
"There are fewer close substitutes for the product your team supports" will improve your bargaining position with customers.
Option: B
Explanation:
Bargaining is the procedure which is preferred by citizens not only with street shops but it is famous internationally too, where defense, economic trade deal, etc are signed between two different nations to corporate and shake hand of unity. Bargaining is more effective when one allow seller to know that the party itself have more substitutes if the product is not provided by the seller in appropriate rate.
For an instance, if India need to buy some rolling defense helicopters for nation from Russia but prices are high and United States is providing same material with lower price or may be with better rewards on buying from them.
Answers
Answer:
$105.60
Explanation:
Given: Total dividend paid= $1100000.
Retained earning= $3300000.
Number of outstanding shares= 725000.
PE ratio= 17.4 times.
First finding earning per share.
Formula;
⇒
⇒
∴
Hence, earning per share (EPS)= $6.07.
Now, finding the appropriate stock price.
Price of stock=
⇒ Price of stock=
∴ Price of stock=
Hence, $105.60 would be the appropriate price of stock.
Answers
Answer: Cash cycle =24.35 days
Explanation:
Cash cycle=Days in inventory+Days in receivables-Days in payables
Days in inventory=365/inventory turnover
=365/18.9
= 19.3121693 days
Days in receivables=365/receivables turnover
=365/9.7
=37.628866days
Days in payables=365/payables turnover
=365/11.2
=32.5892857 days
Therefore, Cash cycle=Days in inventory+Days in receivables-Days in payables
= 19.3121693 days+ 37.628866 days - -32.5892857days
=24.3517496days
Rounded up to 24.35 days
Final answer:
The cash cycle of Franklin, Inc., considering its inventory turnover, receivables turnover, and payables turnover, is approximately 24.35 days.
Explanation:
In order to calculate the cash conversion cycle for Franklin, Inc., we need to consider three aspects: Inventory turnover, payables turnover, and receivables turnover.
Firstly, we need to convert these turnovers into days. That's achieved by dividing 365 by the turnover ratio for each component.
The converted days for each component will be:
- Inventory Days = 365 / Inventory Turnover = 365/18.9 ≈ 19.31 days
- Receivables Days = 365 / Receivables Turnover = 365/9.7 ≈ 37.63 days
- Payables Days = 365 / Payables Turnover = 365/11.2 ≈ 32.59 days
The Cash Conversion Cycle is then computed as follows: Cash Conversion Cycle = Inventory Days + Receivables Days - Payables Days = 19.31 + 37.63 - 32.59 ≈ 24.35 days
So, the cash cycle of Franklin, Inc. is approximately 24.35 days.
Learn more about Cash Conversion Cycle here:
Answers
Answer: d. All of the above
Explanation:
A cost driver refers to the activity that causes an actual change in the cost of a transaction and by extension it's local cost.
For example, cost driver of labor would be the number of people working or cost driver of Electricity paid would be the actual number of units consumed.
In the above, the products and services mentioned are the integral activities for those firms so they are cost drivers to those firms.
Answers
Answer:
Fixed Cost 216,640
Explanation:
The first step is calculate the difference between activity levels
This tell us 25 units generated cost for 154,000
154,000 / 25 = Variable Cost = 6,250
Now we use either the low or high values to solve for fixedcost:
total = variable + fixed
fixed = total - variable
HIGH
Total Cost 500,000
Variable 283,360 (6,250 x 46)
Fixed Cost 216,640
LOW
Total Cost 346,000
Variable 129,360 (6,250 x 21)
Fixed Cost 216,640
B) Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors,which is exactly where their focus should be.
C) Blackberry is acting philanthropically toward government.
D) Google and Apple are showing their distrust for big government,and their avoidance of contributing toward philanthropic causes.
Answers
Answer:
A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.
Explanation:
In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.
The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.
Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.
Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.
The statement that applies to this situation is : "Laws represent the minimum guidelines that companies must follow, whereas a firm's ethical stance may venture beyond the minimum level of compliance."
The correct answer is option A
In the scenario described, the companies are facing a situation where lawmakers have requested the removal of apps that allow users to navigate around sobriety checkpoints.
Option A is the most suitable because it reflects the fundamental distinction between legal compliance (following the law) and ethical behavior (going beyond what the law mandates). Let's break it down further:
Laws represent the minimum guidelines that companies must follow: This statement acknowledges that companies are legally obligated to comply with the laws and regulations of the jurisdictions in which they operate. In this case, lawmakers have made a request, but it's not legally mandated to remove these apps.
A firm's ethical stance may venture beyond the minimum level of compliance: This part of the statement highlights that ethical behavior goes beyond what is legally required.
Therefore, option A is correct.
Learn more about ethical behavior here:
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