Answer:
40%
Explanation:
Calculation to determine what percentage is assigned to Cost of Goods Sold
Using this formula
Cost of Goods Sold percentage=
Cost of Goods Sold /Net Sales
Let plug in the formula
Cost of Goods Sold percentage=$120/$300*100
Cost of Goods Sold percentage=0.40*100
Cost of Goods Sold percentage=40%
Therefore the percentage assigned to Cost of Goods Sold is 40%
i.What is a back yard garden?
ii.State three benefits that can be derived from a backyard garden.
Answer:
a back yard garden is a graden located in residential property
ii) lessen the amount of groceries bought thus less money spentfreshly grown vegetables and fruits are consumed moreyou get to decide what pesticides and fertilizers you want to usePatty took a cash advance of $1,500. Her new credit card charges an Annual Percentage Rate of 21%. The transaction fee for the cash advance is 3% of the amount of the advance, with a minimum fee of $35. This fee is added to the total cash advance, and accrues interest.
Hint: calculate 3% of 1,500. Add that 3% to the original cash advance of 1,500. This becomes your charged amount.
If Patty makes monthly payments of $65:
What is the total amount Patty will end up paying for the cash advance?
Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $33.40 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $30.40.On the basis of this information, the variable cost per machine hour was:___________A. $8.40.B. $22.00.C. $25.00.D. $30.40.E. $33.40.
Answer:
Variable cost per unit= $8.4
Explanation:
First, we need to calculate the total cost for each level of machine hours:
Low activity level:
Total cost= 22,000*33.4= $734,800
High activity level:
Total cost= 25,000*30.4= $760,000
Now, we can determine the variable and fixed costs:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (760,000 - 734,800) / (25,000 - 22,000)
Variable cost per unit= $8.4
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 760,000 - (8.4*25,000)
Fixed costs= $550,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 734,800 - (8.4*22,000)
Fixed costs= $550,000
Dong Wang wants to retire when he has saved $1,500,000. He can make 30 payments of $15,000 each, with each payment made at the beginning of the year. What would be the interest rate required to help him achieve his goal
Answer: 6.94%
Explanation:
You can use an Excel worksheet to solve for this:
Number of periods = 30
Payment = 15,000 (should be a negative number)
Present value = 0
Future value = 1,500,000
Type = 1 (this shows that it is an annuity due because payments are at the beginning of the year).
Rate = 6.94%
Wahlberg Company Income Statement For the Years Ended December 31
2020 2019
Net sales $1,813,600 $1,746,200 Cost of goods sold 1,013,400 990,000 Gross profit 800,200 756,200 Selling and administrative expenses 514,800 474,000 Income from operations 285,400 282,200 Other expenses and losses Interest expense 17,400 14,400 Income before income taxes 268,000 267,800 Income tax expense 78,019 77,600 Net income $ 189,981 $ 190,200
Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,000 $64,700 Debt investments (short-term) 70,200 49,600 Accounts receivable 117,400 101,100 123,700 Inventory 115,500 Total current assets 371,300 330,900 Plant assets (net) 598,900 523,900 $970,200 $854,800 Total assets Liabilities and Stockholders' Equity Plant assets (net) 598,900 523,900 $970,200 Total assets $854,800 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,800 $144,700 Income taxes payable 43,500 41,800 Total current liabilities 204,300 186,500 Bonds payable 220,000 200,000 424,300 Total liabilities 386,500 Stockholders' equity Common stock ($5 par) 275,600 300,100 Retained earnings 270,300 168,200 Total stockholders' equity 545,900 468,300 Total liabilities and stockholders' equity $970,200 $854,800 All sales were on account. Net cash provided by operating activities for 2020 was $230,000. Capital expenditures were $136,000, and cash dividends were $87,881. nings per share, 6.8 or 6.8%. Use 365 days for calculation.) 3.38 (a) Earnings per share (b) Return on common stockholders' equity 33.31 % (c) Return on assets 20.53 % (d) 1.82 :1 Current ratio 1.21 times (e) Accounts receivable turnover (f) 16.6 days Average collection period (g) Inventory turnover 15.16 times (h) 16.4 days Days in inventory 1.87 times (i) Times interest earned times (j) Asset turnover (k) Debt to assets ratio 22.32 % (l) Free cash flow
Answer:
Answer:
Wahlberg Company
(a) Earnings per share = $3.45 ($189,981/55,120) $3.17 ($190,200/60,020)
(b) Return on common stockholders' equity = 34.80% 40.61%
($189,981/$545,900) ($190,200/$468,300)
(c) Return on assets = 19.58% 22.25%
($189,951/$970,200) ($190,200/$854,800)
(d) Current ratio = 1.82 times 1.77 times
= Total current assets 371,300/ 330,900/
/Total current liabilities 204,300 186,500
(e) Accounts receivable turnover = 16.60 times
(f) Average collection period = 22 days
(g) Inventory turnover = 8.47 times
(h) Days in inventory = 43.1 days
(i) Times interest earned times = 16.4 times 19.6 times
(j) Asset turnover = 1.99x
(k) Debt to assets ratio = 43.37% 45.22%
(l) Free cash flow
= $94,000
Explanation:
a) Data and Calculations:
Wahlberg Company
Income Statement
For the Years Ended December 31
2020 2019
Net sales $1,813,600 $1,746,200
Cost of goods sold 1,013,400 990,000
Gross profit 800,200 756,200
Selling and administrative expenses 514,800 474,000
Income from operations 285,400 282,200
Other expenses and losses
Interest expense 17,400 14,400
Income before income taxes 268,000 267,800
Income tax expense 78,019 77,600
Net income $ 189,981 $ 190,200
Wahlberg Company
Balance Sheets December 31
Assets 2020 2019
Current assets
Cash $60,000 $64,700
Debt investments (short-term) 70,200 49,600
Accounts receivable 117,400 101,100
Inventory 123,700 115,500
Total current assets 371,300 330,900
Plant assets (net) 598,900 523,900
Total assets $970,200 $854,800
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable $160,800 $144,700
Income taxes payable 43,500 41,800
Total current liabilities 204,300 186,500
Bonds payable 220,000 200,000
Total liabilities 424,300 386,500
Stockholders' equity
Common stock ($5 par) 275,600 300,100
Retained earnings 270,300 168,200
Total stockholders' equity 545,900 468,300
Total liabilities and
stockholders' equity $970,200 $854,800
Net cash provided by operating activities for 2020 was $230,000.
Capital expenditures were $136,000
Cash dividends were $87,881.
Earnings per share, 6.8 or 6.8%
Outstanding shares =55,120 ($275,600/$5) 60,020 ($300,100 /$5)
Average Receivable = $109,250 ($117,400 + $101,100)/2
Average inventory = $119,600 ($123,700 + $115,500)/2
Average assets = $912,500 ($970,200 + $854,800)/2
(a) Earnings per share = $3.45 ($189,981/55,120) $3.17 ($190,200/60,020)
(b) Return on common stockholders' equity = 34.80% 40.61%
($189,981/$545,900) ($190,200/$468,300)
(c) Return on assets = 19.58% 22.25%
($189,951/$970,200) ($190,200/$854,800)
(d) Current ratio = 1.82 times 1.77 times
= Total current assets 371,300/ 330,900/
/Total current liabilities 204,300 186,500
(e) Accounts receivable turnover = $1,813,600/$109,250 = 16.60 times
= Net Sales/Average Receivable
(f) Average collection period = $109,250/$1,813,600 * 365 = 22 days
(g) Inventory turnover = $1,013,400/$119,600 = 8.47 times
(h) Days in inventory = $119,600/$1,013,400 * 365 = 43.1 days
(i) Times interest earned times = EBIT/Interest Expense
= 16.4 times ($285,400/$17,400) 19.6 times ($282,200/$14,400)
(j) Asset turnover = Sales/Average Assets = $1,813,600/$912,500 = 1.99x
(k) Debt to assets ratio = 43.37% 45.22%
($424,300/$970,200) ($386,500/$854,800)
(l) Free cash flow = Net cash provided by operating activities - Capital expenditures
= $230,000 - $136,000
= $94,000
Mohave Corp. is considering outsourcing production of the umbrella tote bag included with some of its products. The company has received a bid from a supplier in Vietnam to produce 8,000 units per year for $7.50 each. Mohave has the following information about the cost of producing tote bags:
Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 2
Total cost per unit $8
Mohave has determined that all variable costs could be eliminated by outsourcing the tote bags, while 60 percent of the fixed overhead cost is unavoidable. At this time, Mohave has no specific use in mind for the space currently dedicated to producing the tote bags.
Required:
1. Compute the difference in cost between making and buying the umbrella tote bag.
2. Based strictly on the incremental analysis, should Mohave buy the tote bags or continue to make them?
3. Suppose that the space Mohave currently uses to make the bags could be utilized by a new product line that would generate $10,000 in annual profits. Recompute the difference in cost between making and buying the umbrella tote bag. Does this change your recommendation to Mohave? If so, how?
4. Assume Mohave has a sustainability goal to increase the percentage of spending from local suppliers. If Mohave’s managers are responsible for improving this metric, how might it impact their sourcing decisions?
5. What other strategic or sustainability-related goals should Mohave consider before making a final decision?
Answer:
Mohave Corp.
1. Cost Differences:
Relevant costs:
Make Buy Difference
Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 0.80
Total cost per unit $6.80 $7.50 $0.70
Annual Units 8,000 8,000 8,000
Total costs $54,400 $60,000 $5,600
2. Based strictly on the incremental analysis, Mohave should continue to make the tote bags.
3. The recommendation is changed. Mohave should buy the tote bags from outside. Buying from outside increases operating income by $4,400.
Explanation:
a) Data and Calculations:
Price per unit from outside supplier = $7.50
Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 2
Total cost per unit $8
Relevant costs:
Make Buy Difference
Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 0.80
Total cost per unit $6.80 $7.50 $0.70
Annual Units 8,000 8,000 8,000
Total costs $54,400 $60,000 $5,600
Relevant costs:
Make Buy Difference
Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 0.80
Total cost per unit $6.80 $7.50 $0.70
Annual Units 8,000 8,000 8,000
Total costs $54,400 $60,000 $5,600
Annual profits from new product 0 (10,000) $10,000
Total net costs $54,400 $50,000 $4,400
Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $106 and of each door is $256. The variable cost of a window is $65.50 and of a door is $178.00. Fixed costs are $624,000.
Required:
a. Determine the selling price per composite unit.
b. Determine the variable costs per composite unit.
c. Determine the break-even point in composite units.
d. Determine the number of units of each product that will be sold at the break-even point.
Answer:
Results are below.
Explanation:
First, we need to calculate the sales proportion:
Windows= 8/10= 0.8
Doors= 2/10= 0.2
Now, the selling and unitary variable cost per composite unit:
Selling price= 106*0.8 + 256*0.2= $136
Unitary varaible price= 65.5*0.8 + 178*0.2= $88
The break-even point:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 624,000 / (136 - 88)
Break-even point (units)= 13,000
Finally, the number of units for each product:
Windows= 13,000*0.8= 10,400
Doors= 13,000*0.2= 2,600
On January 1, 2019, Eagle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments
Answer:
See below
Explanation:
January 01, 2019
Cash Dr $23,0000
______________Notes payable Cr $23,000
December 31, 2019
Interest expense Dr $2,070
($23,000 × 9%)
Notes payable Dr $5,029
____________________Cash Cr. $7,099
December 31, 2020
Interest expense Dr $1,617
($23,000 - $5,029) × 9%
Notes payable Dr $5,082
_________________ Cash Cr $7,099
December 31, 2021
Interest expense Dr $1,160
($23,000 - $5,029 - $5,082) × 9%
Notes payable Dr $5,939
___________________ Cash Cr $7,099
December 31, 2022
Interest expense Dr $626
($23,000 - $5,029 - $5,082 - $5,939) × 9%
Note payable Dr $6,473
_____________________ Cash Cr $7,099
When equipment is sold for cash, the amount received is reflected as a cash :_________ a) inflow in the operating section. b) inflow in the financing section. c) inflow in the investing section. d) outflow in the operating section.
Answer: c. inflow in the investing section
Explanation:
The cash flow statement is prepared in order to determine the ending cash balance which is done by considering the cash that's generated from various activities of the business.
Equipment is regarded as a long term asset, and therefore when it's sold for cash, it's being regarded as an indicator for investing activities section.
The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient, the price of a security—such as a share of a particular corporation’s common stock—should be____the present value estimate of the firm’s expected cash flows discounted by its appropriate rate of return (also called the intrinsic value of the stock).
Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of financial markets determines the ability of investors to "beat" the market and earn excess (or abnormal) becomes available. Financial theorists have identified three levels of informational efficiency that reflect what information is incorporated in stock prices.
Consider the following statement, and identify the form of capital market efficiency under the efficient market hypothesis based on this statement.
Current market prices reflect all relevant publicly available information.
This statement is consistent with:_____.
A. Strong-form efficiency.
B. Weak-form efficiency.
C. Semistrong form efficiency.
Consider that there is a semistrong-form of efficiency in the markets.
A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that completely prevents hay fever The consensus analyst forecast for the company's earnings per share (EPS) is $4.50, but insiders know that, with this new drug, earnings will increase and drive the EPS to $5.00. What will happen when the company releases its next earnings report?
A. There will be some volatility in the stock price when the earnings report is released: it is difficult to determine the impact on the stock price.
B. The stock price will not change, because the market already incorporated that information in the stock price when the announcement was made.
C. The stock price will increase and settle at a new equilibrium level.
Answer:
sry I don't know the answer
sry
will lie above the marginal product curve for the firm with less capital. must equal the marginal product curve for the firm with less capital. will lie below the total marginal curve for the firm with less capital. will show no diminishing marginal returns.
Answer:
busineess would have to chnage that
During normal economic times, unemployment in Europe tends to be ________ than in the United States mainly because of ________.
Answer:
higher; labor market regulations
Explanation:
I hope this helps you!
During a team meeting, a team member asks about the measurements that will be used on the project to assess performance. The team member feels that some of the measures related to the activities assigned to him are not valid measurements. The project is BEST considered to be in what part of the project management process?
Answer:
The answer is "Executing".
Explanation:
In this inquiry, it is stated that certain of the measurements used to evaluate a team member's efforts are deemed invalid. As a result, he'll have to work during the project's executing phase, when project deliverables are created and project participants execute the majority of the labor. During this team meeting, one of the members inquires about the project's performance measurements, that's why Executing is the correct choice.
Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a sole proprietorship. What is one advantage to Jeremy of setting up his business as a sole proprietorship
Complete Question:
a. As a sole proprietor, Jeremy would face limited liability.
b. As a sole proprietor, Jeremy would have both ownership and control over the business.
c. As a sole proprietor, Jeremy would have the ability to share risk with shareholders.
d. All of the above would be advantages of setting up his business as a sole proprietorship.
Answer:
b. As a sole proprietor, Jeremy would have both ownership and control over the business.
Explanation:
A sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax. Thus, it is a type of business that is typically owned by an individual or one person and as a result, this single individual is solely responsible for its debts.
Generally, a major advantage of sole proprietorship is that the owner has an absolute control over the business and would be the only one to define how it's shall be run.
Hence, an advantage to Jeremy of setting up his business as a sole proprietorship is that he would have both ownership and control over the business.
The MD Fund has an expected return of 16% and a standard deviation of 20%. The risk-free rate is 4%. What is the reward-to-volatility (Sharpe) ratio for the MD Fund
Answer: 60% or 0.60
Explanation:
Sharpe ratio shows the risk adjusted return of an asset and then compares it to a risk-free asset to see if its returns are higher after it has been adjusted for risk.
Formula is:
= (Expected return - Risk free rate) / Standard deviation
= (16% - 4%) / 20%
= 12% / 20%
= 60% or 0.60
Part A. Identify the following users of accounting information as either an internal (I) or an external (E) user.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
______ 8. Distribution managers
Part B. Identify the following questions as most likely to be asked by an internal (I) or an external (E) user of accounting information.
______ 1. What are the costs of our service to customers?
______ 2. Should we make a five-year loan to that business?
______ 3. Should we spend further research on our product?
______ 4. Do income levels justify the current stock price?
______ 5. What are reasonable payroll benefits and wages?
______ 6. Which firm reports the highest sales and income?
______ 7. What are the costs of our productâs ingredients?
Answer:
Part A
1. Shareholders
Identification: External user
2. Creditors
Identification: External user
3. Non-executive employee
Identification: External user
4. Research and development director
Identification: Internal user
5. Purchasing manager
Identification: Internal user
6. Human resources director
Identification: Internal user
7. Production supervisors
Identification: Internal user
8. Distribution managers
Identification: Internal user
Part B
1. What are the costs of our service to customers?
Identification: Internal user
2. Should we make a five-year loan to that business?
Identification: External user
3. Should we spend further research on our product?
Identification: Internal user
4. Do income levels justify the current stock price?
Identification: External user
5. What are reasonable payroll benefits and wages?
Identification: Internal user
6. Which firm reports the highest sales and income?
Identification: External user
7. What are the costs of our productâs ingredients?
Identification: Internal user
MC Qu. 120 Dallas Company uses a job order... Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $4,160,000 (260,000 hours at $16/hour) and that factory overhead would be $1,560,000 for the current period. At the end of the period, the records show that there had been 240,000 hours of direct labor and $1,260,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate
Answer:
See below
Explanation:
Per the given details, predetermined overhead is be calculated as seen below
Predetermined overhead = (Estimated factory overhead / Estimated direct labor hour) × 100
Estimated factory overhead = $1,560,000
Estimated direct labor hour = 260,000
Predetermined overhead = )$1,560,000 / 260,000) × 100
Predetermined overhead rate = 600%
As Kyle conducts his annual evaluations of his employees, he notices that Connie and Debbie have both been less productive since they were relocated in the same department. Kyle is in what stage of the managerial decision-making process?
Answer:
Identifying the problem or opportunity.
Explanation:
During this stage, Kyle is first trying to determine what aspects of the firm are troublesome or underperforming. The whole point of doing this is to identify the areas that need some actions or decisions made.
The next step would be to generate alternatives.
You buy a 12-year 10% annual coupon bond at par value, $1,000. You sell the bond 3 years later for $1,100. What is your total rate of return over this 3-year period?
Answer:
40%
Explanation:
Coupon per year = Face Value * Coupon Rate
Coupon per year = $1,000 * 10%
Coupon per year = $1,000 * 0.10
Coupon per year = $100
Total Coupon in 3 years = Coupon per year * 3 years
Total Coupon in 3 years = $100 * 3 years
Total Coupon in 3 years = $300
Rate of return = [(Selling Price - Face Value) + Coupon Received] / Face Value*100
Rate of return = [[($1,100 - $1,000) + $300] / 1000] *100
Rate of return = [[$100 + $300] / $1000] * 100
Rate of return = $400 / $1000 * 100
Rate of return = 0.40
Rate of return = 40%
The first of two significant fiscal policy initiatives enacted by the government during the Great Recession, signed in February 2008 by President George W. Bush, was the:__________
a. American Recovery and Reinvestment Act of 2008.
b. Economic Stimulus Act of 2008.
c. Economic Tax Rebate Act of 2008.
d. Economic Recovery and Reinvestment Act of 2008.
e. American Stimulus Act of 2008.
Answer:
b. Economic Stimulus Act of 2008
Explanation:
The Economic Stimulus Act of 2008 was enacted during the term of George.W Bush. It was done to help encourage business investments during the recession by granting tax rebates to every taxpayers and consequently increasing disposable income. The Economic Stimulus Act of 2008 granted tax rebates of the lesser of net income tax liability or $600 to every taxpayer and $1200 to tax paying couples who filed their taxes jointly.
The Greenbriar is an all-equity firm with a total market value of $539,000 and 21,300 shares of stock outstanding. Management is considering issuing $137,000 of debt at an interest rate of 10 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities
Answer:
5,413 shares
Explanation:
The computation of the no of shares repurchased is given below;
Market Price per Share
= Existing market Value of Firm ÷ Number of Shares Outstanding
= $539,000 ÷ 21,300 Shares
= $25.31 per share
Now
Total number of shares that can be redeemed
= Total Debt Issued ÷ Market Price per share
= $137,000 ÷ $25.31 per Share
= 5,413 shares
An order for 140 units of Product A has been placed. There are currently 20 units of Product A on hand. Each Product A requires 3 units of Component B. There are 40 units of Component B on hand. What are the net requirements for Component B
Answer:
Order for unit B = 440
Explanation:
Given:
Order for unit A = 140 units
Units A in hand = 20 units
Units B in hand = 40 units
1 unit A required 3 units of B
Find:
Order for unit B
Computation:
Total unit of A = 140 + 20
Total unit of A = 160 units
Total unit B required = 160 x 3
Total unit B required = 480
Order for unit B = Total unit B required - Units B in hand
Order for unit B = 480 - 40
Order for unit B = 440
The Lime Corporation has obtained the following sales forecast data:
July August September October
Cash sales $ 80,000 $ 70,000 $ 50,000 $ 60,000
Credit sales $ 240,000 $ 220,000 $ 180,000 $ 200,000
The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for October would be:_________
a. $188.000
b. $248,000
c. $226,000
d. $278,000
e. none of above
Answer:
b. $248,000
Explanation:
The computation of the cash receipts for October would be
Particulars October
Cash sales $60000
August credit Sales $22000 (10% of $220,000)
September Credit Sales $126000 (70% of $180,000)
October credit Sales $40000 (20% of $200,000)
Budgeted cash receipt $248000
Hence, the correct option is b.
A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output of 20 pairs of shoes per day. Assume that total cost C is linearly related to output x. Find an equation of the line relating output to cost.
A) C = 44x + 320.
B) C = 60x + 1520.
C) C = 60x + 320.
D) C = 44x + 1520.
Answer: c = 44x + 320
Explanation:
Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:
= Total cost - Fixed cost
= $1200 - $320
= $880
Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44
Then the total cost equation will then be:
c = 44x + 320
where,
C = Total cost incurred in a day
x = Number of pair of shoes made in a day.
Therefore, the correct option is A.
The equation that related the output to cost is option c. 60x + 320.
Calculation of an equation:
Since we know that the variable cost is
= Total cost - Fixed cost
= $1200 - $320
= $880
Now the cost per shoe should be
= $880/20
= $44
So here the total cost c equation should be
c = 44x + 320
Here
x be Number of pair of shoes.
Learn more about cost here: https://brainly.com/question/24230268
You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $2,176 at the end of this year and subsequent payments that will grow at a rate of 3.4 percent annually. If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity?
Answer:
the present value of this growing perpetuity is $83,692.31
Explanation:
The computation of the present value of this growing perpetuity is shown below:
present value of this growing perpetuity is
= Payment at end of this year ÷ (Discount rate - Growth rate)
= $2,176 ÷ (0.09-0.034)
= $83,692.31
Hence, the present value of this growing perpetuity is $83,692.31
1 points Time Remaining 41 minutes 43 seconds00:41:43 Item 13 Time Remaining 41 minutes 43 seconds00:41:43 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials.
Answer:
1000$
Explanation:
no why sorry lol i just count in my brain lol
Trader M places a System Order to buy 100 shares of ABC stock at a price two cents below the best non-Nasdaq participant on the same side of the market. This is what type of order
Answer:
Limit order
Explanation:
There are various types of orders placed on nasdaq. These order include, market orders, limit order, All or none order, Immediate or cancel order and like wise. When a buyer places an order to buy the stock below current market price, this is type of limit order.
Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond
Answer:
Bond Price= $2,162.94
Explanation:
Giving the following information:
Par value= $2,000
YTM= 0.038/2= 0.019
Coupon= (0.046/2)*2,000= $46
Years to maturity= 13*2= 26
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 46*{[1 - (1.019^-26)] / 0.019} + [2,000 / (1.019^26)]
Bond Price= 936.91 + 1,226.03
Bond Price= $2,162.94
Which of the following is a component of the talent acquisition function of HR management?
Group of answer choices
Recruiting
Training
Career planning
Orientation
Answer:
Recruiting
Explanation:
Recruitment is the process of hiring individuals in an organization to accomplish the tasks assigned. It is the process carried by the Human Resource Management in an organization. The HR management is responsible to organize and manage the human talents and recruit them respectively. The talent are recognized by the team and are hired to meet the goals of the organization.
A company issues $60,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year. If the issuer accepts $62,000 for the bonds, the premium on bonds payable will (increase/decrease) total interest expense recognized over the life of the bond by $ .
Answer:
Decrease, $2,000
Explanation:
The premium on bonds payable will decrease total interest expense recognized over the life of the bond by $2,000. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.
