Answer:
at the time it receives a negotiable warehouse receipt for the bats.
Explanation:
Benson Bearing Company is selling bats to Textron inc. The bats are stored at an independent warehouse not controlled by Benson Company.
Of the contract states that Textron will pick up the bats at the warehouse, the risk of loss passes to Textron when it recieved a negotiable warehouse reciept for the bats.
This is because the warehouse is not controlled by Benson Company and issuing a warehouse reciept is equivalent to delivering the goods to Textron.
Answer:
Memo
To: The Finance Manager
From: The Payables Accountant
Subject: Bank Loan to Pay Suppliers
Date: October 5, 2020
The above subject on our previous discussion refers.
This memo clarifies the advantage of borrowing from our bank the sum of $100,000 in order to offset the account of our supplier who has offered us the trade terms of 2/10, n/30.
Recall that the bank loan's interest rate is 6% per annum. If we borrow within the month and repay 30 days after, the interest cost will be $500 ($100,000 * 6%/12).
You can compare this to the discount we shall receive from the supplier totaling $2,000 ($100,000 * 2%). We can even extend the bank loan to 2 months, thereby paying a total interest cost of $1,000 ($500 * 2).
The implication is that we shall be making some gains by taking advantage of the cash discount. May you approve the loan based on this clarifications.
Regards,
Tony Ohagwam
Explanation:
This memorandum attempts to justify the request for a bank loan in order to settle the bill of one of our company's suppliers. It demonstrates the huge financial benefits that are implicit in accepting cash discounts from suppliers.
Answer:
Check the following calculations
Explanation:
All-Equity Plan:
Number of shares = 15,000
Plan I:
Number of shares = 12,700
Value of debt = $109,250
Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan I)
Price per share = $109,250 / (15,000 - 12,700)
Price per share = $109,250 / 2,300
Price per share = $47.50
Plan II:
Number of shares = 9,800
Value of debt = $247,000
Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan II)
Price per share = $247,000 / (15,000 - 9,800)
Price per share = $247,000 / 5,200
Price per share = $47.50
Answer:
Your entertainment price index (EPI), might fall or rise, contingent on both the quantity of the goods that you bought and the prices of these goods.
Explanation:
Price index is used extensively to estimate changes in prices overtime and are also used to measure differences in costs among different areas of countries.
Answer:
c. 67,757 errors per million opportunities
Explanation:
The computation of the errors per million opportunities is shown below:
= Customer complaints last week ÷ total guest stayed in that week × 1,000,000
= 29 customers ÷ 428 guests × 1,000,000
= 67,757 errors per million opportunities
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
