User Account

All Pages

Payroll program

Assignment Help Financial Management
Reference no: EM13977708

Joe Blow has written a payroll program for her company to use and has made a mistake in the code. He has computed the gross pay by dividing the hours worked by the hourly rate instead of multiplying the two amounts. What is this mistake called?

Reference no: EM13977708

Questions Cloud

About NPV as Cost of Capital changes : Dane Cosmetics is evaluating a new fragrance-mixing machine. The machine requires an initial investment of $56,000 and will generate after-tax cash inflows of $12,000 per year for 8 years. For each of the costs of capital listed, (1) calculate the ne..
First retirement income amount : Suppose that you are 25 years old. You figure that your income will be such that you will be able to save for the next 25 years, until age 50 (first deposit at age 26 and last deposit at age 50). At age 50, your income will just cover your expenses. ..
How much must you deposit at the end of each year : How much must you deposit at the end of each year for 15 years, to be able to withdraw $500 at the end of year 10 and $1000 at the end of year 15 if your savings earn interest at an annual rate of 7%?
Disseminate fund information and effect fund transactions : The mutual fund industry is beginning to use the Internet to disseminate fund information and effect fund transactions. The Internet also makes it much easier for savers to obtain information about individual securities and much cheaper to trade thes..
Payroll program : Joe Blow has written a payroll program for her company to use and has made a mistake in the code. He has computed the gross pay by dividing the hours worked by the hourly rate instead of multiplying the two amounts. What is this mistake called?
Value the equity using the FCFE method : Using the financial statements and other information that you have for MPR, and assuming a 5% perpetual growth rate in the FCFE, value the equity using the FCFE method.
The bottom-up approach to computing the operating cash flow : The bottom-up approach to computing the operating cash flow applies only when: A. both the depreciation expense and the interest expense are equal to zero. B. the interest expense is equal to zero. C. the project is a cost-cutting project. D. no fixe..
A perpetuity differs from an annuity because : A perpetuity differs from an annuity because: A. perpetuity payments vary with the rate of inflation. B. perpetuity payments vary with the market rate of interest. C. perpetuity payments are variable while annuity payments are constant. D. perpetuity..
Common stock holder and preferred stockholder : What is the difference between becoming a common stock holder and a preferred stockholder? RESEARCH and share the differences in one company (choose a company, look up the current price of common stock & preferred stock and list the advantages of pre..

Reviews

Write a Review

Financial Management Questions & Answers

  Number of high-profile retail businesses

In past few years, a number of high-profile retail businesses (e.g., Target, Home Depot) have been subject to personal information hacking. Explain the application of e-commerce risk on these companies and how they can manage the risk. What level of ..

  What is the duration of bond if coupons are paid annually

Consider a bond with settlement date 12/12/2003. The maturity date of the bond is 11/15/2012. The coupon rate of the bond is 7% and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 8%. Find the duration of the bond. W..

  Percent arithmetic average return

You have found an asset with a 13.60 percent arithmetic average return and a 10.44 percent geometric return. Your observation period is 30 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?

  Health care system has forecast net patient revenue

A health care system has forecast net patient revenue int he first 3 month of the year as follows. January $60 million, February $80 million, March $100 million. 60% of services are usually paid for in the month that they place and 40% in the followi..

  Tax-free retirement annuity

The Financial Advisor is a weekly column in the local newspaper. Assume you must answer the following question. “I recently retired at age 65, and I have a tax-free retirement annuity coming due soon.  How does increasing the interest rate change you..

  Initial price-compute the percentage total return

Suppose a stock had an initial price of $77 per share, paid a dividend of $1.3 per share during the year, and had an ending share price of $83. Compute the percentage total return.

  Capital asset pricing model asserts that the expected return

The Capital Asset Pricing Model asserts that the expected return

  Firm pays out its excess cash as a cash dividend

A firm has a market value equal to its book value. Currently, the firm has excess cash of $7,700 and other assets of $27,300. Equity is worth $35,000. The firm has 700 shares of stock outstanding and net income of $3,500. What will the stock price pe..

  Expansion project-requires initial fixed asset investment

Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,430,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worth..

  What is the operating cash flow in each of the three periods

You are considering investing in a project that is a cost cutting proposal. additional net revenues from the project are expected to equal $83.33 for each of the three years of the project life. The process has an initial cost of $125 and will be dep..

  What is your expected rate of return on this stock

You recently purchased a stock that is expected to earn 14 percent in a booming economy, 8 percent in a normal economy, and lose 6 percent in a recessionary economy. There is a 14 percent probability of a boom, a 76 percent chance of a normal economy..

  Quarterly coupon rate has yield to maturity

A bond with a 12 percent quarterly coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1,000 and matures in 20 years. Based on this information, what is a fair price of this bond?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd