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2 years ago

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Ray works as an accountant for a non-profit organization. Ray got his current position after volunteering at a few of the non-pr

ofit’s events and becoming friends with some of its employees. Which method did Ray use to develop his professional network?

1 answer:

kogti [31]2 years ago

3 0

Ray used Strategic method to develop his professional network.

Explanation:

Ray works as an accountant at Non profit organisation.
There is always important to know a lot of people from that industry.
Ray started volunteering in the event, Event are most important place.
It helps in socializing with people getting to know from diversity.
A conversation said by other people helps people get into the business.
This works with allot of organization to help make friends and socialize.

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Which financing option has the highest overall costs?

katrin2010 [14]

<u>Equity financing has the highest overall cost. </u>

Further Explanation:

The financing options that are available to the company are equity and debt. Equity Financing refers to the issue of equity shares to the public. Debt refers to the loan taken by the company from the public or any financial institutions. The equity shareholders have the right to vote in general meetings while the debt holder does not have any such rights.

The equity shareholders are also entitled to receive dividends while debt holders are entitled to receive the interest regardless of whether the company is having a profit or not. The interest paid to debt-holders is deducted from the net profit before any tax is charged. The interest reduces the taxable income while the dividend is calculated on net profit after tax. Thus, the cost of using debt finance is lower as the amount which is paid as the interest is charged against the tax.

<u>Therefore, Equity financing involves a higher cost than Debt financing. </u>

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Answer details:

Grade: Senior School

Subject: Financial Management

Chapter: Cost of Capital

Keywords: Equity financing, the highest overall cost, debt financing, financing options, capital, business, shareholder’s fund, loan, financial management, raise, issue.

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2 years ago

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Curtis invests $250,000 in a city of Athens bond that pays 7 percent interest. Alternatively, Curtis could have invested the $25

Anna11 [10]

Answer:

7%

Explanation:

Interest income if Curtis invested

250,000 x 9% = 22,500

After tax interest income = 22,500 - (22,500 x 24%)

= 17,100

After tax rate of return = 17,100/250000

0.068

Approximately 7%

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2 years ago

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Fiori Corporation's relevant range of activity is 4,700 units to 11,500 units. When it produces and sells 8,100 units, its avera

Snezhnost [94]

Answer:

$12.6

Explanation:

Calculation for incremental manufacturing cost

The incremental manufacturing cost will be the addition of the following :

Direct materials $ 6.50

Direct labor $ 3.90

Variable manufacturing overhead $ 2.20

Incremental manufacturing cost $12.60

Therefore incremental manufacturing cost will be $12.60

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2 years ago

Which of the following is true if the production volume decreases? A. average cost per unit decreases B. fixed cost per unit in

enot [183]

Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

= $0.2

And, the fixed cost per unit in the second case is

= 20,000 ÷ $80,000

= $0.25

Therefore, the fixed cost per unit increases

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2 years ago

Computing Depreciation and Accounting for a Change of Estimate Lambert Company acquired machinery costing $110,000 on January 2,

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Answer: please see answers in explanation column

Explanation:

a) Under straight-line method,

Depreciation expense =(Cost - residual value) ÷ No of years =

= ($110,000 - $15,000) ÷ 6 years = $15,833 which refers to the yearly depreciation expense.

Therefore, the yearly depreciation expense of $15,833 will be applied to the Years 2019, 2020 and 2021.

Total depreciation for all the three years equals

$15,833 x 3 years = $47,499.

(b) The double-declining method

which is 2 x Straight - Line Depreciation Percentage x Book value

Straight - Line Depreciation Percentage

100% ÷ 6 years = 16.67%,

Therefore, Year 2019= 2 x 16.67% x $110,000 = $36,663

Year 2020=2 x 16.67% x $73,337 ($110,000 - $36,663) = $24,443

Year 2021=2 x 16.67% x $48,894 ($73,337 - $24,443) = $16,296

The total of the three years ie 2019 to 2021 =$77,402

(c) Given that in 2021 which is after 2 years, the revised estimated useful life becomes 7 years and the residual value is $10,000

Depreciation Using the straight-line method becomes

Depreciation expense =(Cost - residual value) ÷ No of years

But Net Book Value, which is the cost at the end of 2019

$110,000 - $15,833 x 2 years = $78,334

Therefore, Depreciation expense= ($78,334 - $10,000) ÷ 7 years = $9,762

Also,

Using double-declining method,

Straight - Line Depreciation Percentage = 100% ÷ 7 years = 14.29%,

Year 2021,

2 x 14.29% x $48,894 ($73,337 - $24,443) = $13,969

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1 year ago