Draft an inquiry letter for purchase of 10 units of IBM P4 computers and 2 units of Lx 300 Epson printers to Kathmandu Computers and Engineering Kathmandu. ​

Answers

Answer 1
Answer:

Based on writing standards, the inquiryletter for purchase should begin with the sender's address and be written like a formal letter.

Structures of Letter of Inquiry.

  • The sender's address should be written at the beginning of the letter, followed by the receiver's address.

  • The letter must contain all the elements of the enquiring item, including their quantities.

  • There must be the date and address of the receiver included.

  • The letter's subject must be written clearly before the letter's content.

  • Ensure you provide the expected salutation at the beginning of the letter.

  • Write clearly and straightforward.

  • Provide reasons and inquiry descriptions.

  • Add your signature, name, and designation at the end of the letter.

Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.

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Castles in the Sand generates a rate of return of 20% on its investments and maintains a plowback ratio of .30. Its earnings this year will be $5 per share. Investors expect a 12% rate of return on the stock.a. Find the price and P/E ratio of the firm.b. Find the price and P/E ratio of the firm if the plowback ratio is reduced to 0.20.
Jack Pickle decided to start a small business as a corporation. His initial investment was $4,000 cash in exchange for common stock. Demonstrate how to record this transaction in the accounting equation?
Ford Motor Company is considering launching a new line of Plug-in Electric SUVs. The heavy advertising expenses associated with the new SUV launch would generate operating losses of $35 million next year. Without the new SUV, Ford expects to earn pre-tax income of $80 million from operations next year. Ford pays a 30% tax rate on its pre-tax income.The amount that Ford Motor Company owe in taxes next year without the launch of the new SUV is closest to:A) $24.0 millionB) $56.0 millionC) $31.5 millionD) $13.5 millionThe amount that Ford Motor Company owe in taxes next year with the launch of the new SUV is closest to:A) $13.5 millionB) $31.5 millionC) $56.0 millionD) $24.0 million
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In a closed economy, public saving is the amount of a. income that households have left after paying for taxes and consumption. b. spending that the government undertakes in excess of the taxes it collects. c. income that businesses have left after paying for the factors of production. d. tax revenue that the government has left after paying for its spending.

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Answer:

In a closed economy, public saving is the amount of

d. tax revenue that the government has left after paying for its spending.

Explanation:

Public saving or budget surplus in a closed economy describes the excess of government revenue (obtained through taxation of individuals and businesses in the economy) and government expenditures on goods and services. In an open economy, transfers are deducted before arriving at the public saving.  In all economies, the addition of private (individual and business) and public savings result to national investments.

Mary is the Chair of the Board of Directors for a private equity company. She is leading the team selecting a new CEO. She has asked you for advice on what characteristics she should seek out in candidates that may be important to their job success. What trait would you recommend that she look for in​ candidates?A.High conscientiousness
B.Low openness
C.High agreeableness
D.High neuroticism
E.Low extraversion

Answers

Answer:

high conscientiousness

Explanation:

Conscientiousness talks about a personality traits that shows someone as being diligent, reliable and responsible. It also talks about how someone control their desire to act. It is a trait that can be affected by genetic and environmental factors. Conscientiousness also develops more and more in most people as they grow older.

A conscientiousness person is responsible, an organised person who plan very well ahead of time

Answer:

The correct answer is letter "A": High conscientiousness.

Explanation:

Conscientiousness could be seen as an advantage and disadvantage. While some people consider conscientiousness individuals reliable, responsible, careful, and diligent, some others may see them as perfectionists and even workaholics. Then, while selecting a new Chief Executive Officer, the applicant needs to have high conscientiousness but executives in charge of selecting the best prospective manager -Mary in the example, must make sure that the individual balances that skill.

Macinski Leasing Company Leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,000. Under the 3 year, non-cancelable contract, Sharrer will receive title to the machine at the end of the lease. The machine has a 3 year useful life and no residual value. The lease was signed on January 1, 2017. Macinski expects to earn an 8% return on its investment, and this implicit rate is known by Sharrer. The annual rentals are payable on each December 31, beginning December 31, 2017.a) Discuss the nature of the lease agreement and the accounting method that each party to the lease should applyb) Prepare amortization schedule suitable for both the lessor and lesseec) Prepare the journal entry at commencement of the lease for Macinskid) Prepare the journal entry at commencement of the lease for Sharrere) Prepare the journal entry at commencement of the lease for Sharrer, assuming (1) Sharrer does not know Macinski's implicit rate (Sharrer's incremental borrowing rate is 9%), and (2) Sharrer incurs initial direct costs of $10,000.

Answers

Answer:

Explanation:

amortization schedule:

Date      Lease PMT    Interest    Principal                   Lease Balance

01.01.17                                                                                    95,000

12.31.17  37,534.57     8550         28,984.57                         66,015.43

12.31.18  37,534.57     5,941.39    31,593.18                           34,422.25

12.31.19  37,534.57     3,112.33     34,422.25                                 0

Present value interest factor of annuity for 9% and 3 years = 2.531

Annual payment will be = 95,000/2.531 = $37,534.57

Interest for the 1st year will be = 95,000*0.09 = $8550

Dr Fixed Asset 95,000

Cr Lease Paybale 95,000

31/12/17

Dr Lease Payable  28,984.57                        

Dr Interest 8550

Cr Cash 37,534.57

31/12/18

Dr Lease Payable  31,593.18                          

Dr Interest 5,941.39    

Cr Cash 37,534.57

31/12/19

Dr Lease Payable  34,422.25                                

Dr Interest 3,112.33    

Cr Cash 37,534.57

Final answer:

The journal entry at commencement of the lease for Macinski includes debit: Lease Receivable $234,618.36, debit: Machine Cost $70,000.00, and credit: Lease Revenue $304,618.36. The journal entry at commencement of the lease for Sharrer includes debit: Machine $304,618.36, credit: Lease Payable $234,618.36, and credit: Cash $70,000.00.

Explanation:

a) The lease agreement between Macinski Leasing Company and Sharrer Corporation is a finance lease because it transfers ownership of the machine to Sharrer at the end of the lease term. Both parties should apply the accounting method for finance leases.

b) To prepare the amortization schedule, we need to calculate the annual lease payment, which is the present value of the future lease payments. We can use the formula PV = PMT x [(1 - (1 + r)^-n) / r], where PV is the present value, PMT is the annual payment, r is the interest rate, and n is the number of periods. Using the given information, we can calculate the annual payment and then prepare the amortization schedule.

c) The journal entry at commencement of the lease for Macinski is:

  • Debit: Lease Receivable $234,618.36
  • Debit: Machine Cost $70,000.00
  • Credit: Lease Revenue $304,618.36

d) The journal entry at commencement of the lease for Sharrer is:

  • Debit: Machine $304,618.36
  • Credit: Lease Payable $234,618.36
  • Credit: Cash $70,000.00

e) The journal entry at commencement of the lease for Sharrer, assuming (1) Sharrer does not know Macinski's implicit rate and (2) Sharrer incurs initial direct costs of $10,000, is:

  • Debit: Machine $304,618.36
  • Debit: Lease Liability (including initial direct costs) $244,618.36
  • Debit: Lease Liability (excluding initial direct costs) $234,618.36
  • Credit: Cash $70,000.00

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Define own-price elasticity of demand and explain how it is related to the demand curve. Provide four reasons why the demand for medical services is likely to be inelastic with respect to its price

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Answer:



Explanation:

Own price elasticity of demand is the degree of the responsiveness of the quantity demanded due to some change in price, keeping other factor constant.  Price elasticity of demand on a linear demand curve will fall continuously as the curve slopes.

The four reasons are:

1. Medical aid is enivatble: Because medical services are a necessity for every human beings to live a healthy life, and if their is high change in price with respect to quantity demanded, person cannot ignore to take medical services in bad times or when seriously ill.

2. Comparing the actual size of the population, the number of doctors are compartively less.

3. The services of medical cannot be prolonged or postponed.

4. Love among people- One can be miser in food and clothing, but in diseases they have to take medical help and people will put in the whole money to save his closer one's life, this is the love we people have.

Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers.Wooden no. 2 pencilsCopper (hint: there are many sellers)Local public utilities (ex. water, electricity)Peanut butterLipstick

Answers

Answer:

a)no. 2 wooden pencils - perfectly competitive market

b) copper - perfectly competitive market

c) Local public utilities- monopoly market

d) Peanut butter - monopolistic competitive market

e) Lipstick - monopolistic market

All no 2 pencils are identical each other. There are many sellers of pencils. And there's usually a general price for the pencils. Also, there are little barriers to entry or exit of firms. So the market for the no 2 pencils are perfectly competitive firms.

Also, coppers are identical to each other. They can't be differentiated from each other. There is usually a standard price for copper. So the market for copper is perfectly competitive.

For local public utilities, there is usually one firm providing the service. Also, because of the high cost of setting up these services, there is a high barrier to the entry of firms into the industry. This is why local public utilities are a monopoly.

Peanut butter and lipsticks are perfectly monopolistic firms because:

A. There are many firms selling this product but the products are usually differentiated.

B. Also, firms sets the price for their products

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated goods. The demand curve is downward sloping

A monopoly is when there is only one firm operating in the industry. There are high barriers to entry and exit of firms in the industry.

I hope my answer helps you

The world's largest bank. Deutsche Bank set as its objective to make its name more recognizable in the United States. The success of its decision to sponsor a PGA golf tournament to accomplish this organizational objective will ultimately depend on which management function

Answers

Answer:

Planning.

Explanation:

Planning involves the creation of activities aimed at achieving organisational goals. It involves specific steps and contingency plans that are implemented by management to ensure success.

In this instance, Deutsch Bank is faced with the task of planning to make its name more popular in the United States.

Promotional activities can be undertaken to publicise Deutsch Bank's association with the PGA golf tournament. This will endear golf-lovers to the bank, as one of the players in making the tournament Na success.

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