The person who receives financial protection from a life insurance plan is called a Beneficiary
Answer:
Total cash collection May= $306,000
Explanation:
Giving the following information:
Sales:
April= $250,000
May= $320,000
June= $410,0000
The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.
<u>Cash collection May:</u>
Sales on cash May= 320,000*0.5= 160,000
Sales on Account May= (160,000*0.6)= 96,000
Sales on Account April= (250,000*0.5)*0.4= 50,000
Total cash collection May= $306,000
Answer: $19.82
Explanation:
The price the investor would be willing to pay today would be the present value of the dividends and the selling price at the end of 2 years using the required return as the discount rate.
= 1.50 / (1 + 8%) + 1.50 / (1 + 8%)² + 20 / (1 + 8%)²
= 1.3888889 + 1.286 + 17.1467764
= $19.82
Answer:
$4,914.06
Explanation:
Calculation for how much will the customer pay by disregarding commissions and accrued interest
The 5M which the customers used to buy the notes means that the customer is buying $5,000 par value of the notes.
Take note that the capital letter M in Latin means for $1,000.
Therefore the customer will have to buy at the ask price of 98 and (9/32nds =0.28125) which means that 98%+0.28125 will gives us 98.28127.
Now let calculate for how much will the customer pay by disregarding commissions and accrued interest
98.28125% * $5,000 par
= $4,914.06
Therefore the amount that the customer pay by disregarding commissions and accrued interest will be $4,914.06
Answer:
Costs of good sold is understated at the end of Year 1
Explanation:
From the inventory formula:
An understatment means, something worth $10 is being valued at $8 so if the count is understate the Ending Inventory in the books is lower that the real ending iventory
We could build the following formula
if ending is undestated we got that
Now because of this, COGS needs to make up for the lower ending inventory so it will be understated as well, by the same amount.
