refer to walgreens's statement of cash flow and answer the following questions for the most recent year. required: 1. which method, direct or indirect, does walgreens boots alliance use in preparing the operating activities section of its statement of cash flows? explain how you know which method is being used. the method begins with net earnings, and adjustments are made to reconcile net earnings to net cash provided by operating activities. 2. by what amount does net cash provided by operating activities differ from net earnings? enter your answer in millions. $fill in the blank 3 million what is the largest adjustment to reconcile the two numbers? explain the nature of this adjustment. why is it added? the largest adjustment to reconcile the two numbers is for . the amount is added back to net earnings because it is a expense. 3. what is the largest source of cash in the investing activities section of the statement? what is the largest use in this section? what is the next largest use of cash in this section? 4. what is the largest source of cash in the financing activities section of the statement? what is the largest use of cash in this section?
Answers
Walgreens' statement of cash flow and answer the following questions for the most recent year:
1. Which method, direct or indirect, does Walgreens Boots Alliance use in preparing the operating activities section of its statement of cash flows? Explain how you know which method is being used.
Walgreens Boots Alliance uses the indirect method to prepare the operating activities section of its statement of cash flows. We know this because the method begins with net earnings, and adjustments are made to reconcile net earnings to net cash provided by operating activities.
2. By what amount does net cash provided by operating activities differ from net earnings? Enter your answer in millions.Net cash provided by operating activities differs from net earnings by $6,347 million.
3. What is the largest adjustment to reconcile the two numbers? Explain the nature of this adjustment. Why is it added?The largest adjustment to reconcile the two numbers is for depreciation and amortization. The amount is added back to net earnings because it is a non-cash expense.
4. What is the largest source of cash in the investing activities section of the statement? What is the largest use in this section? What is the next largest use of cash in this section?The largest source of cash in the investing activities section of the statement is the sale of assets, which amounted to $7,385 million. The largest use of cash in this section is capital expenditures, which amounted to $2,655 million. The next largest use of cash in this section is the acquisition of businesses, which amounted to $416 million.
5. What is the largest source of cash in the financing activities section of the statement? What is the largest use of cash in this section?The largest source of cash in the financing activities section of the statement is the issuance of long-term debt, which amounted to $6,031 million. The largest use of cash in this section is the repayment of long-term debt, which amounted to $1,896 million.
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Related Questions
imperio caffeine corporation makes and sells coffee under a variety of brand names. imperio wants to merge with java company, its main competitor. in weighing a challenge to the deal, a court looks at the relevant product market. this most likely includes coffee and no other products. products that are not identical but are related, such as spin-offs. products that are reasonably interchangeable. products with identical attributes only.
Answers
Imperio caffeine corporation makes and sells coffee under a variety of brand names products that are sometimes substituted for coffee.
Caffeine is a central nervous system (CNS) stimulant of the methylxanthine class. It is mainly used recreationally as a cognitive enhancer, increasing alertness and basic cognitive process performance. Caffeine acts by interference binding of adenosine to the nucleoside A1 receptor, which reinforces unleash of the neurotransmitter acetylcholine. Caffeine incorporates a three-dimensional structure almost like that of adenosine, that permits it to bind and block its receptors. Caffeine conjointly increases cyclic AMP levels through nonselective inhibition of phosphodiesterase.
Caffeine could be a bitter, white crystalline purine, a methylxanthine alkaloid, and is with chemicals concerning the adenine and guanine bases of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA).
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Cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method
Answers
Answer:
$800
Explanation:
Double-declining-balance method is also known as reducing balance method.
Depreciation Expense = 2 × SLDP × BVSLDP
Where,
SLDP = 100 ÷ Number of Useful Life
= 100 ÷ 10
= 10 %
Year 1
Depreciation Expense = 2×10%×($5,400 - $400)
= $,1000
Year 2
Depreciation Expense = 2×10%×($5,400 - $400- $,1000)
= $800
Munyah Ltd. is an expanding company and the following accounts relate to its operations for the years 1999 and 2000
Answers
1999 2000
Sh. Sh.
Sales 3,000,000 4,800,000
Less: cost of goods sold 1,650,000 2,700,000
Gross profit 1,150,000 2,100,000
Less: trading expenses 675,000 825,000
Trading profit 675,000 1,275,000
Less: Debenture interest 37,500 37,500
Net profit before taxation 637,500 1,275,000
Less: Corporation tax 240,000 480,000
Net profit after taxation 397,500 757,500
Less: Ordinary share dividend 187,500 262,500
Undistributed profit for the year 210,000 495,000
Balance sheet as at 30 June 1999 2000
Sh. Sh. Sh. Sh.
Fixed assets at cost 1,500,000 2,100,000
Less: Depreciation 300,000 1,200,000 375,000 1,725,000
Current assets:
Stock 600,000 825,000
Debtors 375,000 525,000
Cash 120,000 1,350,000
Less: current liabilities 1,095,000
Creditors 217,500 300,000
Taxation 240,000 480,000
Proposed dividend 187,500 262,500
Bank overdraft _______ 97,500
(645,000) (1,140,000)
1,650,000 1,935,000
Financed by:
Ordinary share capital
(Authorised and issued) 750,000 750,000
Undistributed profits 525,000 1,020,000
10% debentures 375,000 165,000
1,650,000 1,935,000
Required:
(i) Compute six accounting ratios for both 1999 and 200(1 which you feel would be of particular value in assessing the Profitability and Liquidity of Munyah Ltd. (12 marks)
(ii) Comment on the current position of the company with the aid of the accounting ratios computed in (i) above and any other information that you consider to be relevant. (3marks)
QUESTION THREE
Mr. Otuom Polo is the sole proprietor of a small business. The following trial balance was extracted from his books at 31 March 2000.
Sh. ‘000’ Sh. ‘000’
Capital 4,896
Freehold land and buildings (at cost) 3,600
Plant and machinery at cost 3,480
Provision for depreciation – plant and machinery 1,680
Delivery vans 960
Provision for depreciation – delivery vans 672
Loose tools at valuation on 1 April 1999 288
Stocks 1 April 1999 2,232
Purchases 4,440
Loose tools 192
Sales 15,840
Wages and Salaries 5,288
Rates and Insurance 384
Repairs and maintenance of buildings 240
Sales expenses including vehicle running costs 344
Electricity and power 1,440
Industrial training levy 72
Administration expenses 672
Provision for doubtfuldebts 240
Debtors and Creditors 1,984 1,928
Drawings 480
Bank 864
Cash in hand 24 _____
26,120 26,120
what are the positive feedbacks for NEWS ANCHORS?
Answers
Answer:
Excellent verbal, written, improvisational, and interviewing skills are imperative. Add to those qualities persistence and objectivity, physical stamina, being a team player, projecting a professional image, and having a knowledge of social media. News anchors also need to be able to think on their feet.
Which of the following analogies best describes a supply chain?
A supply chain is like a jet engine; a mixture or two elements are combined to increase force.
A supply chain is like an animal's digestive system with food moving from the mouth through the body and broken down with
nutrients distributed to waiting organs along the way.
A supply chain is like an ant colony with defined roles and responsibilities for each member.
A supply chain is like the weather, it is constantly moving and causing change.
Answers
In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year.
Answers
There were approximately 8.17 billion cell phone subscribers in the world in 2019
To calculate the number of cell phone subscribers in the world in 2019, we need to find the total increase in the number of subscribers over the five-year period, and add it to the initial number of subscribers in 2014.
First, let's calculate the increase in the number of subscribers each year:
Year 1: 7 billion x 0.03 = 210 million
Year 2: (7 billion + 210 million) x 0.03 = 221.7 million
Year 3: (7 billion + 210 million + 221.7 million) x 0.03 = 233.51 million
Year 4: (7 billion + 210 million + 221.7 million + 233.51 million) x 0.03 = 245.85 million
Year 5: (7 billion + 210 million + 221.7 million + 233.51 million + 245.85 million) x 0.03 = 258.76 million
Now we can add up the total increase over the five-year period:
210 million + 221.7 million + 233.51 million + 245.85 million + 258.76 million = 1.16982 billion
Finally, we can add this total to the initial number of subscribers in 2014:
7 billion + 1.16982 billion = 8.16982 billion
Therefore, there were approximately 8.17 billion cell phone subscribers in the world in 2019
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Full Question: "In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year. How many cell phone subscribers were there in the world in 2019?"
Step One: You have graduated from college and have established a career. You have been working with the same company for three years. You have saved up $10,000 and need to decide how you will save and invest this money. Your goal is to save as much money in five years as you can for a down payment on a house. Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Upload the document. Step Two: Select specific accounts and investments. For example, if your outline includes investing $1,000 in stock, research and select a stock. Create a portfolio with a spreadsheet or word processor. See the example below:
Answers
Answer12
Explanation: so it is 6+6+22=2
FBLA-PBL's national community service partner is called?
Answers
Answer: March of Dimes
Explanation:
The Future Business Leaders of America-Phi Beta Lambda (FBLA-PBL), has its headquarter in Virginia and it is a career organization for students in schools in America in order to help them understand and know more about the business world.
FBLA-PBL's national community service partner is called the March of Dimes and the March of Dimes give grants to both the local and the state chapters of the organization in order to promote their goals.
Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Answers
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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what is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first payment will be received today
Answers
Answer:
$129.35
Explanation:
Here is the full question :
What is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first payment will be received today, and the discount rate is 10%
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 0 to 5 = $27
I = 10%
PV = $129.35
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
What is the major difference between cleaning and sanitizing?
Cleaning is done by hand while sanitizing uses a dishwasher.
Cleaning is the same thing as sanitizing.
Cleaning uses soap to remove debris while sanitizing uses chemicals or heat to kill germs and bacteria.
Sanitizing is not required.
Answers
The major difference between cleaning and sanitizing is that Cleaning uses soap to remove debris while sanitizing uses chemicals or heat to kill germs and bacteria
What is cleaning and sanitizing?Cleaning regularly is one that is made of the utilize of cleanser, water, and mechanical activity to physically remove earth and grime from surfaces. It is an vital to begin with step within the sanitizing that has been prepared, because it is expelling soil and natural matter that can meddled with the activity of sanitizing operators.
Therefore, Sanitizing, on the other hand, regularly includes the utilize of chemicals or warm to kill or lower the number of hurtful microorganisms on surfaces.
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deciding the objectives and to decide the resource marshalling in order to
realize the objectives
Answers
Organizations are known for their firm objectives. The act of deciding the objectives and to decide the resource marshalling in order to realize the objectives are said to be the focus of strategic and business planning.
The act of strategic and business planning?A business strategy often needs the information that are general, high level etc. A business plan or strategy must have a define objectives.
A tactic is often employed to know the ways which some products enter the market.
Resource marshalling is known as a strategic plan that is often long-term plan, and one that helps to known the right actions to support in terms of the mission and goals of the organization.
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Financial Statement Analysis Portfolio
The Income Statement for Pumpkin Co. is shown below:
Pumpkin Co.IncomeStatement
for the Month Ended October 21, 2010
revenues- blank
sales
$120,000.00
operating expenses-blank
salary expense
$10,000.00
supplies expense
$14,000.00
depreciation expense
$4,000.00
net income
$92,000.00
Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.
1. Calculate the expected annual rate of return on this project.
2.Calculate the cash payback on this project.
Answers
The creditors are not paid on time and added interest to the account of the business. What will be the consequences if this continues to happen?
Answers
Answer:
Your debt will go to a collection agency, and your credit history and score will be affected!
Explanation:
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Answers
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Additional information:
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made. (450)
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum. (30)
v. Motor vehicles are to be depreciated by 20% per annum. (5280)
REQUIRED:
a) Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance).
b) Prepare the Statement of Comprehensive Income and Statement of Financial Position for the year ended 31st December, 2014 (include the additional information given in your question).
solution
Answers
Answer:
a) Trial Balance as at 31st December, 2014:
Account Debit Credit
Purchases 74,400.00
Sales 141,600.00
Return inwards 4,900.00
Sundry expenses 370.00
Freight charges 6,240.00
Motor vehicle expenses 7,250.00
Rent and rates 5,720.00
Wages 19,600.00
Bank Loan interest 300.00
Bank Loan 6,000.00
Accounts receivable 15,000.00
Accounts payable 6,050.00
Inventory as at 01/01/14 8,540.00
Equipment 5,800.00
Motor Vehicle 26,400.00
Drawings 12,000.00
Capital 35,700.00
Cash at Bank 2,830.00
Total 224,350.00 224,350.00
b) Statement of Comprehensive Income for the year ended 31st December, 2014:
Particulars Amount ($)
Sales 141,600.00
Less: Return inwards (4,900.00)
Net Sales 136,700.00
Cost of Sales 74,400.00
Gross Profit 62,300.00
Less: Sundry expenses (370.00)
Less: Freight charges (6,240.00)
Less: Motor vehicle expenses (7,250.00)
Less: Rent and rates (5,720.00)
Less: Wages (19,600.00)
Operating Profit 23,120.00
Less: Bank Loan Interest (300.00)
Net Profit 22,820.00
Statement of Financial Position as at 31st December, 2014:
Particulars Amount ($)
Current Assets
Inventory 10,750.00
Accounts receivable 15,000.00
Prepaid Rent 900.00
Cash at Bank 2,830.00
Total Current Assets 29,480.00
Non-Current Assets
Equipment 5,800.00
Motor Vehicle 21,120.00
Less: Accumulated Depreciation (5,280.00)
Net Non-Current Assets 21,640.00
Total Assets 51,120.00
Current Liabilities
Accounts payable 6,050.00
Bank Loan 6,000.00
Total Current Liabilities 12,050.00
Net Assets 39,070.00
Equity
Capital 35,700.00
Add: Net Profit for the Year 22,820.00
Total Equity 58,520.00
Total Liabilities and Equity 51,120.00
Explanation:
What are 3 benefits of the Pay down credit card feature in Quickbooks Online?
A. It allows users to electronically pay their credit card balances from within QuickBooks Online
B. It prevents miscategorization of credit card payment transactions
C. It helps users identify which credit cards have interest rates that are too high
D. It provides easy-to-understand language for non-accountant users
E. It prevents common errors that affect the company's financial statements
F. It compares your client's credit card balances side by side
Answers
Answer:
b or e
Explanation:
The 3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F
B. It prevents miscategorization of credit card payment transactions
E. It prevents common errors that affect the company's financial statements
F. It compares your client's credit card balances side by side
•It help to prevents miscategorization of credit card payment transactions as it enables all the credit card payment transaction to designated or allocated to the right person who made the transaction.
• It help to prevents common errors that affect the company's financial statements such as error of reversal example is recording a transaction amount as $25 instead of $52.
• It help to compares your client's credit card balances side by side which help to prevent error as the credit card are easily evaluated.
Inconclusion The 3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F
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The night manager of Dixie Transportation Service, who had no accounting background, preparcd
the following balance sheet for the company at February 28, 2009.The dollar amounts were taken
directly from the company's accounting records and are correct. However, the balance shect con-tains a number of errors in its headings, format, and the classification of assets, liabilities, and owners equity.
Answers
To create an accurate and informative balance sheet, the night manager of Dixie Transportation Service should correct the headings, reformat the statement to present assets, liabilities, and owner's equity vertically, and classify the items correctly according to their nature and duration.
The provided balance sheet contains several errors in its headings, format, and classification of assets, liabilities, and owner's equity.
The balance sheet is a financial statement that reports a company's financial position at a specific point in time. However, the given balance sheet has a number of issues that need to be addressed.
Firstly, the balance sheet lacks proper headings, such as the company name, date, and the title "Balance Sheet." These headings are essential to provide context and clarity to the financial statement.
Secondly, the format of the balance sheet needs improvement. Assets, liabilities, and owner's equity should be presented in a vertical format, with assets listed first, followed by liabilities and owner's equity. The current presentation mixes these categories, making it difficult to distinguish between them.
Thirdly, the classification of assets, liabilities, and owner's equity is incorrect. The balance sheet fails to differentiate between current and non-current assets and liabilities.
Moreover, it does not provide separate categories for long-term liabilities and owner's equity components like common stock and retained earnings.
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What are the three main forms of legal ownership of a business
Answers
Activities would you perform as an entrepreneur?
Answers
Answer:
no. because why it make since to person as an entrepreneur
________ plans are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in a month, a week, or even a day.
Answers
Answer:
Operational
Explanation:
Operational is the answer
Answer
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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The next three annual dividends paid by XYZ stock are expected to be $2.79 in one year, $7.43 in two years, and $3.05 in three years. The price of the stock is expected to be $54.78 in two years. The expected annual return for the stock is 15.20 percent. What is the current price of one share of XYZ stock?
a. $49.83 (+ or - $0.05).
b. $51.82 (+ or - $0.05).
c. $46.38 (+ or - $0.05).
d. $49.30 (+ or - $0.05).
e. none of the above is within $0.05 of the correct answer.
Answers
Answer:
a. $49.83 (+ or - $0.05).
Explanation:
Given that :
Dividend of the first three years and the terminal value at the end of the year 2, that is the price at the end of year 2.
We know that the price of the share is the preset value of all the future dividends.
So we have to present price at the year 2 which is at present value for the end of the year 2 of the dividends beyond year 2.
To calculate the price of the stocks at present, we :
1. The present value for the price of the year 2 that is pv at the end of the year 2 of the dividend to be received beyond the year 2.
2. The present value of the dividend of the year 1 as well as year 2.
3. Then we add the steps 1 and 2 to get the present value of all the dividends.
Therefore,
The present value of the price at nth year with r rate of return is given by :
\($\frac{\text{price at nth year }}{(1+r)^n}$\)
Hence, the present value of the price at the year 2 with 15.20% rate of return is = \($\frac{54.78}{(1+0.1520)^2}$\)
\($=\frac{54.78}{1.327104}$\)
= $ 41.28
Now present value of dividend of the first 2 years :
Dividend received at the end of the nth year with rate of return r is
= \($\frac{\text{dividend}}{(1+r)^r}$\)
Therefore the present value of the dividend of the first two years is
= \($\frac{2.79}{(1+0.1520)^1}+\frac{7.43}{(1+0.1520)^2}$\)
= 2.10 + 6.45
= $ 8.55
Now , $ 41.45 + $ 8.55
= $ 49.83
Thus, the current price of one share of the XYZ stock is $ 49.83
Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The average market price was $20. On April 1, Sampson issued 100,000 shares of $1000 par value 10 percent preferred stock. On July 1, Sampson issued 200,000 warrants to purchase 10 shares of common stock each at $22 per share. On October 1, Sampson repurchased 60,000 of common stock as treasury stock for $15 per share (EPS) was:
a. 515,000.
b. 600,000.
c. 485,000.
Answers
Answer:
c. 485,000
Explanation:
[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000
How do credit card companies use a person's credit report?
A. To determine if that person should be given a loan or credit card
B. To figure out if that person has been using a budget
C. To calculate how much interest the person is owed on their
account
OD. To help them figure out ways to pay off their outstanding debt
Answers
Answer:
answer is A
Credit card companies use a person's credit report to determine if that person should be given a loan or credit card.
The Consumer Product Safety Commission (CPSC) does not
O have seven commissioners
O appoint its commissioners for seven-year terms
O ensure that products have adequate warnings and instructions
O represent an independent regulatory commission
Answers
No independent regulatory body is represented by the Consumer Product Safety Commission (CPSC).
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
A safe product is one that, while taking into account the regular or reasonably anticipated usage of the product and the requirement to maintain a high degree of protection for consumers, offers either no risk or a minimum tolerable level of risk.
The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure .
Therefore, Thus option (D) is correct.
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2. Why are some loans labeled predatory loans? Explain.
Answers
Answer: Predatory lending occurs when a mortgage broker or lender persuades a borrower to enter into a mortgage loan that has unreasonably high interest rates and fees and does not serve the borrower's best interest. These loans often lock borrowers into unfair loan terms and cause severe financial hardship or default.
Explanation:
Barton Corporation acquires a coal mine at a cost of $1,800,000. Intangible development costs total $360,000. After extraction has occurred, Barton must restore the property (estimated fair value of the obligation is $180,000). Barton estimates that 6,000 tons of coal can be extracted. What is the amount of depletion per ton
Answers
Answer: $390 per ton
Explanation:
The depletion per ton is:
= Total cost of acquiring the coal mine / Number of tons that can be extracted
= (Acquisition cost + intangible development cost + Fair value of restoration) / Number of tons that can be extracted
= (1,800,000 + 360,000 + 180,000) / 6,000
= $390 per ton
Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a return of RM8000 next year, RM9000 in next 2 years, and RM10, 000 in the next 3 years. What is the value of these future payments?
Answers
Based on the amounts to be received and when they are to be received, the value of the payments is RM 20,336.98
The value of these payments is the sum of their present values.
The value is therefore:
= (8,000 / (1 + 15%)) + ( 9,000 (1 + 15%)²) + (10,000 / ( 1 + 15%)³)
= 6,956.52 + 6,805.29 + 6,575.16
= RM20,336.98
In conclusion, the value of the payments is RM20,336.98
Find out more on present value at https://brainly.com/question/24852229.