To prepare the Business Activity Statement for Ben's Bookkeeping, we need to calculate the GST amounts for the cash receipts and cash payments and summarize the information accordingly. Based on the provided information, here is the breakdown:
Cash Receipts Journal:
GST on Sales:
June 1: GST Collected - $20.00
June 1: Other receipts - $200.00
June 7: GST Collected - $34.20
June 7: Other receipts - $342.00
June 10: GST Collected - $20.00
June 10: Other receipts - $200.00
June 14: GST Collected - $18.00
June 14: Other receipts - $180.00
June 14: GST Collected - $10.00
June 14: Other receipts - $100.00
June 17: GST Collected - $20.00
June 17: Other receipts - $200.00
June 20: GST Collected - $200.00
June 20: Other receipts - $2000.00
June 22: GST Collected - $16.00
June 22: Other receipts - $160.00
June 27: GST Collected - $20.00
June 27: Other receipts - $200.00
June 30: Other receipts - $31.20
Cash Payments Journal:
GST on Expenses:
June 2: MV Fuel - $4.00
June 2: Elec Drawings - $40.00
June 3: Mobile Bill - $14.21
June 3: Elec Stationery - $142.09
June 8: MV Fuel - $3.51
June 8: Elec Drawings - $35.13
June 10: New Laptop - $292.00
June 10: Equipment Drawings - $2920.00
June 10: Drawings - $200.00
June 10: Wages - $136.00
June 10: Wages (PAYG W/H $136) - $607.00
June 14: MV Insurance - $63.75
June 14: Elec Drawings - $637.45
June 15: Internet - $6.36
June 15: Elec Drawings - $63.59
June 17: MV Fuel - $4.52
June 17: Elec Drawings - $45.16
June 20: Elec Drawings - $300.00
June 23: Elec Drawings - $144.50
June 24: Wages - $136.00
June 24: Wages (PAYG W/H $136) - $607.00
June 30: Bank Charges - $10.00
Now, we can calculate the GST amounts for both cash receipts and cash payments.
GST on Sales: $373.20
GST on Expenses: $1732.00
We can now prepare the Business Activity Statement using the calculated GST amounts. However, the statement format is not provided, so it is not possible to provide the final statement in this format.
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garfield owns and operate a retail shoe store. garfield contracts with wholesaler to buy 1,200 pairs of running shoes at $25 per pair. when the shoes arrive, the boxes are torn and there is battery acid on some of them. some but not all of the shoes are damaged. garfield and wholesaler reach an agreement by telephone. in exchange for a 15% discount, garfield agrees to accept the shoes as-is. garfield promptly pays the reduced amount. one week later, wholesaler changes his mind and sues garfield for the remaining 15%. who wins?
Garfield makes a wholesale purchase of 1,200 pairs of running shoes at a cost of $25 per pair, but the shoes arrive broken. Who wins the lawsuit is stated below.
Who is the winner here?Garfield prevails in this instance of broken shoes because the wholesaler initially agreed to exchange them but afterwards refused, breaking the terms of the agreement.
What exactly was the deal?An agreement is a sign of two or more people's consent to one another. It occurs through an offer and an acceptance and represents a coming together of the minds with a shared goal. Garfield decides to accept the shoes "as-is" in exchange for a 15% discount from the wholesaler after getting a few of the damaged shoes, and Garfield swiftly pays the discounted sum.
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Which economic principle is related to supply and demand?
The economic principle which is related to supply and demand is known as the scarcity principle.
What is a scarcity principle?The scarcity principle is a price link between dynamic supply and demand that is explained by economic theory. The scarcity principle states that the price of an item with a low supply and strong demand rises to meet the predicted demand.
Marketers frequently employ the notion to create fake scarcity and exclusivity for a certain product or good in order to drive demand for it. The scarcity principle states that the price of a scarce commodity should grow until an equilibrium between supply and demand is attained. However, this would result in the good being restricted to those who can buy it.
Therefore, scarcity principle is related to supply and demand.
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How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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the lease is fully amortized, and the lessor receives payments equal to the price of the asset and an additional rate of return on the investment. this lease allows the lessee to use the asset but does not give the right to own the asset. such contracts can be canceled before the agreement expires. the seller of the property, called the lessee, immediately receives the purchase price from the lessor.
A fully amortized lease is an agreement where the lessor (the owner of the asset) receives payments from the lessee (the user of the asset) equal to the price of the asset plus an additional rate of return on the investment. This type of lease allows the lessee to use the asset without acquiring ownership rights, and the lessor receives the full purchase price immediately.
In a fully amortized lease, the lessor finances the purchase of an asset and then leases it to the lessee. The lessee makes regular payments that cover the cost of the asset and also provide the lessor with a return on their investment. The lease contract typically specifies the payment schedule, the duration of the lease, and any cancellation options.
Unlike traditional financing arrangements, where ownership is transferred to the buyer, a fully amortized lease only grants the lessee the right to use the asset. At the end of the lease term, the lessee does not have the option to purchase the asset. Instead, the lessor retains ownership throughout the lease period.
This type of lease can be advantageous for the lessee as it allows them to use the asset without the burden of ownership, such as maintenance costs or the risk of asset depreciation. The lessor benefits from receiving the full purchase price immediately and earning additional income through the lease payments. However, it's important for both parties to carefully review the terms and conditions of the lease, including any cancellation provisions and the overall financial implications for both parties involved.
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What does Beshara say is important about the book
Answer:
what book there'S A LOT
RESEND IT THX
What effects did zaha have on guggenheim new york?
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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Part 1: Multiple Choice
Instructions
Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
c. Budget plan
d. Budget contribution
I
2. What type of expense fluctuates month to month?
a. Emergency
b. Fixed
C. Variable
d. Discretionary
3. Which is an example of a financial statement?
a Bank statement
b Statement of contributions
C. Fixed and variable statement
d. Periodic statement
4. What is it called when you put money aside specifically for use in difficult situations?
a Income fund
b. Opportunity fund
c. Fixed expense fund
d. Emergency fund
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
explain the difference between centralised and decentralised organisational structure
Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
In which part of a résumé would you mention details of any prizes or awards that you won in professional competitions?
Answer:
"Scholarships or Competitions" would be the appropriate choice.
Explanation:
As even the title indicates, this would be the segment of your CV or resume wherever you mention the related honors, accomplishments, or prizes you have received for performing above the norm. It requires scholarships, contests, career-related honors, or perhaps even raises to management place throughout the job. Even with your remarkable accomplishments, users shouldn't have to build a special segment.Answer:
Honors and activities
Explanation:
Hope this helps :)
The Denver Corporation has forecast the following sales for the first seven months of the year January 31,000 February 33,000 March 35,000 April 41,000 May 31.000 June 37,000 July 39,000 Monthly material purchases are set equal to 20 percent of forecast sales for the next month of the total material costs 30 percent are paid in the month of purchase and 70 percent in the following month Labor costs will run 56,100 per month and fixed overhead is $12,500 per month. Interest payments on the debt will be $5,100 for both March and June.
The material purchases for January would be 20% of February's forecasted sales, which would be 20% of 33,000, equaling 6,600. In addition, the loan will require $5,100 in interest payments in both March and June.
Regarding the total material costs, 30 percent is paid in the month of purchase, and 70 percent is paid in the following month. Thus, for February's material purchases, 30% of the cost would be paid in February, and the remaining 70% would be paid in March.
The labor costs for the company are fixed at $56,100 per month, while the fixed overhead is $12,500 per month.
Furthermore, interest payments on the debt will be $5,100 for both March and June.
In summary, the Denver Corporation needs to adjust its material purchases based on the forecasted sales, and they need to pay 30% of the total material costs in the month of purchase and the remaining 70% in the following month. They also have fixed labor and overhead costs, and they need to pay interest payments on the debt in March and June.
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1. Why is career education so important for teens?
the nash equilibrium is when firm a charges a price of: $ enter your response here and firm b charges a price of: $ enter your response here (round your responses to two decimal places.)
The Nash equilibrium is when firm A charges a price of $25.71 and firm B charges a price of $25.71.
The Nash equilibrium is a concept in game theory where each player in a game chooses a strategy that is optimal for them, given the strategies of the other players. In the context of pricing, the Nash equilibrium occurs when both firms in a market choose prices that maximize their profits, given the price chosen by the other firm.
To determine the Nash equilibrium prices for firms A and B, we need to consider their respective profit functions. Let's assume that each firm has a constant marginal cost of production, c, and faces a linear demand curve, P = a - bQ, where P is price, Q is quantity, and a and b are constants.
Firm A's profit function can be written as:
πA = (P - c)QA
where QA is the quantity sold by firm A. Firm A's best response function is then:
QA = (a - c - Pb) / 2b
Similarly, firm B's profit function is:
πB = (P - c)QB
where QB is the quantity sold by firm B. Firm B's best response function is:
QB = (a - c - Pa) / 2b
The Nash equilibrium occurs when both firms choose prices that make their best response functions hold true simultaneously. That is:
QA = (a - c - Pb) / 2b = QB = (a - c - Pa) / 2b
Solving for P, we get:
P = (a + c) / 2 - (b / 2)(QA + QB)
Substituting the best response functions for QA and QB, we get:
P = (3a - c) / 4 - (b / 4)(Pa + Pb)
Therefore, the Nash equilibrium prices are:
Firm A charges a price of $((3a - c) / 4 - (b / 4)(Pa + Pb))
Firm B charges a price of $((3a - c) / 4 - (b / 4)(Pa + Pb))
It's important to note that the Nash equilibrium is not necessarily the socially optimal outcome, as it does not take into account externalities or other market imperfections. However, it is a useful tool for predicting outcomes in competitive markets.
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The Nash equilibrium is a concept in game theory that describes a situation where each player in a game selects a strategy that is optimal for them, given the strategies chosen by the other players.
In a pricing game between two firms, the Nash equilibrium occurs when both firms choose prices that maximize their profits, given the price chosen by the other firm.
Assuming that both firms have identical costs and are competing in a market where demand is linear, the Nash equilibrium occurs when each firm charges a price equal to half of the market price.
Therefore, if the market price is P, the Nash equilibrium prices would be:
Firm A: P/2
Firm B: P/2
For example, if the market price is $10, the Nash equilibrium prices would be:
Firm A: $5.00
Firm B: $5.00
Note that this assumes that both firms have perfect information about the market and each other's strategies, and that they are rational profit-maximizers. In practice, real-world markets are often more complex, and there may be other factors that influence pricing decisions.
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Due to the necessity of living on a fixed income, many retirees find it difficult to _______. a. Afford to keep their large homes b. Maintain their old standard of living c. Pay for unexpected expenses d. All of the above
Answer:
D:all the above
Explanation:
i took the unit test.
Answer:
Its 100% D
Explanation:
Got a 100%
In 2011 oil production in libya was interrupted by political unrest. at the same time, the demand for oil by china continued to rise.
a. demonstrate the impact on the quantity of oil bought and sold. instructions: draw a parallel shift in the demand or supply curve(s) by grabbing, dragging, and then dropping the curve(s) to the new position(s). in the market for oil, compared to the initial equilibrium (e0), the impact of these events on price is and the impact on quantity is .
b. oil production in libya returned to its original levels by the end of 2012. what was the likely effect on equilibrium oil price and quantity? compared to the equilibrium identified in part a, price will and quantity will .
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Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
How can a free good become an economic good?
A free good can become an economic good when its supply becomes limited or when there is an increase in demand for it.
What is a free good?A free good is a good that is available in abundance and can be obtained without any cost, such as air or sunlight. Since there is no cost associated with obtaining such goods, they do not have any market value and are not considered economic goods.
However, if the supply of a free good becomes limited or if there is an increase in demand for it, it can become an economic good. This is because people are willing to pay for a good that was once freely available but is now scarce or in demand.
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A free good can become an economic good if its availability declines, demand increases, or a mix of the two, causing the good to become scarce and thus increase in value, resulting in the acquisition of a price or cost.
Economic goods are goods that are made to meet the wants of the people. It has a certain price or cost, which is deducted to maintain consumption.
A free good is one that is not scarce and is accessible indefinitely. A free commodity has no opportunity cost to society and does not require scarce resources to be produced, so it has a zero marginal cost. A good that is made available at no cost, on the other hand, is not inherently a free good.
When the desire for a free good exceeds the supply, it becomes scarce and thus an economic good. For example, while air is a free good, it can become an economic good if it becomes polluted and limited.
Another example is water. Water is commonly thought to be a free good, but when it is processed, purified, piped, or dispersed in bottles, it consumes as a scarce resources and becomes an economic good.
When scarce resources are used to make a good, the producer incurs a cost known as the marginal cost; if the marginal cost is greater than zero, the good is an economic good.
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Darren runs a barbershop with fixed costs equal to $40 per day and a total output of 10 haircuts per day. What is his weekly total fixed cost if he is open 6 days per week
Answer:
$240
Explanation:
Darren runs Barber shop
His fixed costs daily is $40
The toal output per day is 10 haircuts
He is open 6 days in the week
Therefore weekly total fixed costs can be calculated as follows
= 40×6
= 240
Hence the weekly fixed cost is $240
It is important for business owners to weigh the advantages and disadvantages of each ownership structure because a. There is an established procedure for determining the best form of ownership
B. Individual goals in need to differ which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
Some of the options in the questions are not correct; here is the correct question:
It is important for business owners to weigh the advantages and disadvantages of each ownership structure because
A. There is an established procedure for determining the best form of ownership
B. Individual goals and needs differ, which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
The correct answer is B. Individual goals and needs differ, which makes each business situation unique.
Explanation:
In businesses, there are different ownership structures; this includes sole ownership, business partnership, franchises, among others. The type of structure determines the internal organization of the business and the responsibilities and roles of those that own the business.
Due to this, selecting the appropriate ownership structure might influence the development of the business and whether this is successful over time. This decision mainly depends on the business situation considering each business is related to different needs, conditions, and goals. For example, a partnership is the best model if you want to share the ownership and responsibilities. This means, despite each ownership structure has advantages and disadvantages the decision should be made based on goals, needs, and situation of the business (Option B).
You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
your identifying information belongs at the bottom of your resume. group of answer choices true false
False, the statement is wrong. Your identifying information belongs at the bottom of your resume.
A resume is a crucial tool in your job hunt since it gives you space on one or two pages to highlight your qualifications for a position. Employers use resumes to help with recruiting decisions and to help you land your first interview. The organization of your resume and the material you choose to include are important because of this. A resume is a formal overview of your credentials, professional experience, accomplishments, and talents. The French word "résumé," which means "to summarize," is where the word "resume" originates. The majority of resumes have sections that list your professional summary, work experience, education, abilities, awards, and any other accomplishments that are relevant to your career path and ambitions.
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4. When it comes to owning a hotel there are a variety of options for ownership such as
franchising, independent lodging, REITS management contracts and vacation ownershipsh
or timeshares Briefly explain each of these highlighting the disadvantages and
advantages of each which would you choose? Why?
5. Why are room counts important to hotels? What are some strategies to achieve accuracy
in this department? Within your answer explain and analyze the value and impact of
calculation of hotel occupancy average daily rate (ADR) and revenue available room
The four basic types of hotel ownership and management are franchise, privately owned and operated, leased, and managed. Even though a franchise is privately owned, the owner is still required to pay a one-time franchise fee and ongoing royalties.
A timeshare is a holiday home with a shared ownership structure. In a typical timeshare, you split the property's cost with other purchasers in return for a specific number of years of access to the franchising property. Less freedom to plan vacations While owning a timeshare may have a lot of drawbacks, the lack of flexibility many of them offer when it comes to vacation planning is possibly the most important.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Automotive batteries are an example of which hazard class?
poisonous or toxic materials oxidizers
flammable solids
corrosive materials
Automotive batteries can be regarded as example of corrosive materials.
What is a Miscellaneous Hazardous Material?Miscellaneous Hazardous Material serves as those materials can bring harm or even death to people, this materials can bring discomfort to the workers.
However , Automotive batteries can be seen as Miscellaneous Hazardous Material which has anesthetic as well as noxious elements and it is extremely dangerous.
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What are references?
Answer:
Reference is a relationship between objects in which one object designates, or acts as a means by which to connect to or link to, another object. The first object in this relation is said to refer to the second object. It is called a name for the second object.
Explanation:
Answer:
Reference is a relationship between objects in which one object designates, or acts as a means by which to connect to or link to, another object
Explanation:
MNO Partnership has three equal partners. Moon, Inc. has a
fiscal year ending in March 31, Neptune, Inc. has a fiscal year
ending June 3. Omega uses the calendar year.
Calculate MNO's required taxable
We can see here that MNO Partnership's required taxable year-end is March 31 under the majority partners' tax year test.
What is a fiscal year?A fiscal year, also known as a financial year or accounting year, is a period of 12 consecutive months used by organizations and governments for financial reporting and accounting purposes. It does not necessarily align with the calendar year (January 1st to December 31st) and can vary based on the entity's specific requirements.
The majority partners' tax year test is the first of three tests that is used to determine a partnership's required taxable year. The test is met if more than 50% of the partnership's capital and profits interests are owned by one or more partners with the same tax year.
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In 2012, the Pandora Box Company made a rights issue at €9 a share of one new share for every four shares held. Before the issue there were 9.4 million shares outstanding and the share price was €10.
a. What was the total amount of new money raised?
b. The rights issue gave the shareholder the opportunity to buy one new share for less than the market price. What was the value of this opportunity per share owned?
c. What was the prospective stock price after the issue?
d. How far could the total value of the company fall before shareholders would be unwilling to take up their rights? Now suppose that the company had decided to issue the new stock at €8 instead of €9.
e. How many new shares would the firm have needed to sell to raise the same sum of money?
f. What would be the new value of the opportunity given to shareholders to buy one new share for less than the market price?
g. What would be the prospective stock price after the issue?
h. Now how far could the total value of the company fall before shareholders would be unwilling to take up their rights?
The total amount of new money raised: Total amount of new money raised by Pandora Box Company = (9.4/4) × 1 × €9= €21.15 million.
The value of this opportunity per share owned:Solution: The value of this opportunity per share owned = (€10 - €9) / (1+4) = €0.20
The prospective stock price after the issue:Solution: The stock price after the issue will be equal to the new market capitalization divided by the new number of shares outstanding. So, the prospective stock price after the issue would be (9.4 + 9.4/4) = 11.75 million shares and a market capitalization of €116.65 million. Therefore, the prospective stock price = €116.65/11.75 = €9.92
The total value of the company: The total value of the company is the current market capitalization which is €10 × 9.4 million = €94 million. Therefore, if the total value of the company falls by more than €22.65 million to €71.35 million, then the shareholders would be unwilling to take up their rights.
The number of new shares:Solution: To calculate the number of new shares required to raise the same sum of money, we can use the formula: Total new money required/ Issue price per share. Therefore, the new shares the company would have needed to sell = €21.15 million/€8 per share = 2.64 million.
The new value of the opportunity given to shareholders:Solution: The new value of the opportunity given to shareholders to buy one new share for less than the market price would be €0.67.(g) The prospective stock price after the issue:Solution: The number of outstanding shares will be (9.4 + (9.4/4) + 2.64) = 12.34 million shares, and the new market capitalization will be €98.7 million.
Therefore, the prospective stock price after the issue will be €98.7/12.34 = €7.99.(h) The total value of the company:
The total value of the company is €10 × 9.4 million = €94 million. Therefore, if the total value of the company falls by more than €32.7 million to €61.3 million, then the shareholders would be unwilling to take up their rights.
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i have a few questions about finance. PLease answer correctly and completely! thx
Which product is an example of perfect competition?
A.
food grains where products are homogeneous
B.
computers, where there are many competitors with slightly differentiated products
C.
aerated cold drinks, where there are two competitors
D.
bicycles, where buyers and sellers have some control over the price
E.
gold where there is only one seller
The database of Aster Corp. was hacke.d and confidential data was leaked to its competitors. This resulted in a huge financial loss and a loss of goodwill for the company. What is this business risk known as?
A.
operational risk
B.
exchange risk
C.
political risk
D.
expansion risk
E.
survival risk
Answer 1:
B is the answer.
Computers where there are many competitors with slightly differentiated products.
Explanation:
A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.
Answer 2:
A is the correct answer.
Operational Risk.
Explanation:
When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.
Answer 3:
When there is an increase in interest rate, the following takes place:
Businesses shy way from borrowing from the bank(due to the loss of leverage or increased cost of borrowing when they do) Production Cost increasesWhen production costs increase prices of finished goods increasesthe above leads to a decrease in demand for finished goodsand ultimately Consumer spending goes downCheers
How do you write an effective policy memo?
To write an effective policy memo, Identifying the purpose and audience, Providing a clear and concise summary, Providing background information, Presenting your recommendations and Providing a conclusion is very important.
Identify the purpose and audience: Before you begin writing, you need to identify the purpose of the memo and the audience you are writing for. This will help you tailor your message appropriately and ensure that you are addressing the right peopleProvide a clear and concise summary: Start with a clear and concise summary that outlines the main points of the memo. This should be no more than a few sentences and should provide the reader with a quick overview of what they can expect to read in the memo.Provide background information: In order to provide context and help the reader understand the issue at hand, you should provide some background information on the topic. This can include relevant statistics, historical information, and other relevant data that will help the reader understand the issue.Present your recommendations: After providing background information, you should present your recommendations. These should be clear and specific and should be based on your analysis of the issue at hand.Provide supporting evidence: In order to convince the reader that your recommendations are sound, you should provide supporting evidence. This can include data, case studies, and other relevant information that supports your argument.Address potential objections: Anticipate potential objections to your recommendations and address them in the memo. This will help you build credibility and demonstrate that you have considered all angles of the issue.Provide a conclusion: End the memo with a clear and concise conclusion that summarizes your main points and reiterates your recommendations.Use clear and concise language: Finally, it is important to use clear and concise language throughout the memo. This will make it easier for the reader to understand your message and will help you convey your ideas more effectively.For more such questions on memo
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Account Title Debits Credits
Cash35,500
Accounts receivable43,000
Supplies3,000 Inventory63,000
Notes receivable23,000
Interest receivable0
Prepaid rent2,500
Prepaid insurance9,000
Office equipment92,000
Accumulated depreciation 34,500
Accounts payable 34,000
Salaries payable 0
Notes payable 53,000
Interest payable 0
Deferred sales revenue 3,500
Common stock 81,000
Retained earnings 36,000
Dividends7,000
Sales revenue 161,000
Interest revenue 0
Cost of goods sold85,000
Salaries expense20,400
Rent expense12,500
Depreciation expense0
Interest expense0
Supplies expense2,600
Insurance expense0
Advertising expense4,500
Totals 358,600 358,600 Information necessary to prepare the year-end adjusting entries appears below.1. Depreciation on the office equipment for the year is $10,300.2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.5. On April 1, 2021, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.6. $560 of supplies remained on hand at December 31, 2021.7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.Prepare closing entries.
The necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Journal entriesPastina Company Adjusting entries
Debit Depreciation expenses $10,300
Credit Accumulated depreciation $10,300
Debit Wages expense $900
Credit Wages payable $900
Debit Interest expense $1,518
($50,600 × 12% × 3/12)
Credit Interest payable $1,518
Debit Interest receivable $1,373
($20,600 × 8% × 10/12)
Credit Interest revenue
Debit Prepaid insurance $4,125
($6,600 × 15/24)
Credit Insurance expense $4,125
Debit Supplies expense $340
($900 − $560)
Credit Supplies $340
Debit Sales revenue $2,300
Credit Unearned revenue $2,300
Debit Rent expense $600
Credit Prepaid rent $600
Therefore the necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
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