On June 1st, Jared has a $1,500 beginning balance on his credit card. He decides to stop making charges on his card and work towards paying it off. His credit card has an APR of 18%. Monthly periodic finance charges are calculated using the previous balance method. If Jared makes monthly payments of $150, how much will he owe in 6 months? How much will he have paid in periodic finance charges?
$705.75, $105.75
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The top management of Tasty Foods, a food distribution company, has set strategic goals of increasing organizational market share and also decreasing corporate costs over the next three years. Greg, a division manager for Tasty Foods, has looked at his resources, and he has decided how his division can contribute to the two strategic goals set by upper management: (1) by partnering with another company and (2) by hiring a procurement manager to negotiate lower prices from vendors. Greg's next step is to roll out his ____ to his staff.
A. vision statements B. management guidelines C. codes of ethics D. tactical goals E. operational goals
Dragon Telecommunications Inc. wants to create forecasted financial statements for 2018 based on its accounting data in 2017.
In 2017 total revenue was $1,550,000; cost of goods sold was $1,250,000; selling and G&A expenses were $110,000; depreciation expense was $15,000; interest expense was $25,000; the average tax rate was 35%, and the number of shares outstanding was 80,000. Also, in 2017 Dragon had cash of $20,000; accounts receivable of $120,000; inventory of $220,000; plant & equipment of $1,150,000 with an accumulated depreciation of $250,000. Accounts payable, notes payable, long-term debt, common stock, additional paid-in-capital, and retained earnings represented 7%, 0.5%, 20%, 44.5%, 12%, and 16% of total assets, respectively. For 2018, Dragon expects a 25% increase in total revenue, while cost of goods sold and selling and G&A expenses are expected to remain at the same proportion of total revenue as in 2017. Both total plant and equipment and depreciation expense will increase by 12%. Similarly, long-term debt is forecasted and interest expense will increase by 20%, but the tax rate and the number of shares outstanding will remain constant. Additionally accounts receivable, inventory, accounts payable, and notes payable are expected to increase 15%, while common stock and paid-in-capital will increase by 25%. The dividend policy in 2018 will be based on a dividend payout ratio of 50%. In other words, 50% of forecasted earnings will be paid to shareholders as dividends. a) Using these projections, create the forecasted 2018 income statement, balance sheet, and statement of cash flows for Dragon Telecommunications Inc. Each statement should be on a separate worksheet.
Which of the following is true of the Occupational Safety and Health Administration's (OSHA's) general duty standard?
A) The standard needs to be established with each safety regulation. B) It requires an employer to provide a working environment that does not result in mental stress of the employee. C) An employer is obliged to provide a work environment that is free from recognized hazards. D) OSHA has no say in safety violations of an employer as it is just a model act.
______ methods can be used if measurable, historical data are available, and there is evidence that past demand is indicative of the future demand.
a. Simulation analysis b. Qualitative c. Quantitative d. Market research