Based on the explanation given in the scenario, since, the drawee repeatedly followed protocol for every transaction performed, then Art's entitlement to reimbursement would be valid for none of the cheques.
The bank would not be held responsible for carelessness of the drawer and his failure to report vulnerabilities to his/her account. Since the thief was able to successfully forge Art's signature, then it is imperative that the drawer is paid. Transaction notification and statement were sent after each transaction and still Art made no report or compliant, hence, the bank would not be liable for any of his losses.Hence, None of the withdrawals will be reimbursed.
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A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)
The effective annual percentage cost of its non-free trade credit is 13.08%/
Here, we are to calculate the effective annual percentage cost.
Given Information
Discount % = 2%
Discount Days = 8
Net Days = 45
Actual days = 68
Nominal % cost = Disc. %/(100 – Disc. %) × (365/(Actual days – Disc. days)
Nominal % cost = 2 /(100 - 2) * 365/(68 -8)
Nominal % cost = 2 /98 * 365/60
Nominal % cost = 0.0204081 * 6.083333
Nominal % cost = 0.1241496
Nominal % cost = 12.41%
n = 365/(63 - 8) = 6.64
Effective annual rate = (1 + Nominal % rate/n)^ n – 1
Effective annual rate = (1 + 0.1241/6.64)^6.64 - 1
Effective annual rate = 1.13083302405 - 1
Effective annual rate = 0.13083302405
Effective annual rate = 13.08%
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Kiwi Airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. What is the firm's degree of financial leverage
Kiwi Airlines' degree of financial leverage is 1.36.
Data and Calculations:
Fixed operating costs = $5.8 million
Revenue = $8 million
Variable costs = 20% of sales = $1.6 million ($8 x 20%)
Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)
Bonds outstanding = $2 million
Coupon interest rate = 8%
Interest expense = $160,000 ($2,000,000 x 8%)
Earnings before taxes = $440,000 ($600,000 - $160,000)
Corporate income tax = 40%
Income Tax Expense = $176,000 ($440,000 x 40%)
Net Income = $264,000 ($440,000 - $176,000)
Degree of financial leverage = earnings before interest and taxes/earnings before taxes
= $600,000/$440,000
= 1.36
Thus, Kiwi Airlines' degree of financial leverage is 1.36.
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1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)
The percentage for the cost of sales is 65.21% in 2015. The percentage for the cost of sales is 65.41% in 2014.
It should be noted that the percentage for the cost of sales in 2015 was calculated as:
= Cost of sales / Net sales
= 36665/56223 = 65.21%
The percentage for the cost of sales in 2014 was calculated as:
= Cost of sales / Net sales
= 34941/53417 = 65.41%
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The not payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually...
During 2021, Stork Associates paid $55,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event
Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.
Stock deduction
Costs of seats $3,300
($165x20)
Food and beverage $3,400
Total Entertainment expense $6,700
($3,300+$3,400)
Less 50% Limitation
Deduction $3,350
($6,700×.50)
Inconclusion the amount that Stork can deduct for this event is $3,350.
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While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly
The practice of brokers transacting business online have been more increasing in recent time.
Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.
Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc
While some brokers provides their services in contact with clients, some brokers provide their services online.
In conclusion, the practice of brokers transacting business online have been more increasing in recent time.
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Ahoy do you need your rate of return to be greater than inflation
How do you redeem a winning ticket lottery?
A) scan on pos
B) validate on terminal
C) picklist on POS
D): redemption barcode entered in the pis if no touch screen
Answer:
4 Steps to Claim PCSO Lotto Prize
Go to the PCSO Main Office. Present two valid IDs (preferably signature-bearing government-issued IDs) and the winning ticket to the Prize Claim section of the Accounting and Budget Department. Fill out the required forms. Wait for the ticket to be validated.
Explanation:
No choices here
An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
while the mission involves establishing the goals and objectites of the organization.
(A True
B) False
what are the conflict management styles and dispute resolution mechanism
Answer:
Five styles for conflict management, as identified by Thomas and Kilmann, are: competing, compromising, collaborating, avoiding, and accommodating. Businesses can benefit from appropriate types and levels of conflict. That is the aim of conflict management, and not the aim of conflict resolution