Answer:
Dr. Freight-in $28
Dr. Supplies Expense $42
Dr. Entertainment of Clients $65
Dr. Postage Expense $30
Dr. Cash Short/over $3
Cr. Cash (200-32) $168
Explanation:
Petty cash is kept to deal with the day to day expense of the business. It is kept separate from the cash balance of the company.
To replenish the fund we, need to record the petty cash expenses in their respective accounts and deduct the amount from petty cash account.
If the cash is short or over the balance shown in the account we also need to record it.
Answer:
c. 12.56%
Explanation:
Debt-to-value=D/(D+E) =0.4=> D=0.4D + 0.4E => 0.6D = 0.4E => D/E=4/6=2/3
According to M&M proposition II with taxes,
re=r0+(D/E)(r0-rd)(1-Tax rate)
. Where re= levered cost of equity(or cost of equity when the firm is levered)=.1492, r0 = unlevered cost of equity,Tax rate=34%=.34, rd=pretax cost of debt=7.2%=0.072,D/E=2/3
re = r0+(2/3) * (r0 - 0.072)*(1-.34)
=> 0.1492=r0(1+(2/3)*(1-.34)) -(2/3)*(.072)*(1-.34)
=> 0.1492 = r0(1+0.44) -0.03168
=> 0.1492 = 1.44*r0 -0.03168
r0 = (.1492+0.03168)/1.44
r0 =0.1256
r0 =12.56%
Thus, r0=unlevered cost of equity=12.56%
Connie's next step should be
Not - go back and revisit her plan objectives
Maybe - Conduct primary research and analyze Fred's current customers.
<h3><u>
Explanation:</u></h3>
It is very essential for an entrepreneur who decides to start a new business to have a business plan that helps him in setting up the businesses in the right track and usage of funds in an effective manner. A business plan acts as a blue print of a new business and the objectives and resource utilization.
In the scenario give, Fred decides to start a new boutique and has conducted researches geographic locations and the type of boutiques supported by the demography. She must not then go back and review her plan objectives as she has decided to start it with a good plan and she may conduct a primary research about the current customers of him.
Answer:
$600.078
Explanation:
the mean is also the average which is the total sum divide by 5
Answer: best case Nvp $2,943,304,509.57
Worse case NVP
-$2, 601,609,39
