A company has sales of $375,000. Its gross profit is $157,500, and total expenses of $75,000. Its cost of goods sold equals

Answers

Answer 1

The cost of goods sold equals $217,500

Cost of goods sold is the cost of a product to a manufacturer or retailer. It is a direct cost incurred in the production of goods and services

Cost of goods sold includes but not limited to the following :

Material costDirect labor costDirect factory overhead

Cost of goods sold is computed as :

= Sales - Gross profit

Given that :

Sales = $375,000

Gross profit = $157,500

Then,

Cost of goods sold would be :

= $375,00 - $157,500

= $217,500

Hence, the company's cost of goods sold is $217,500

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Related Questions

Sophia is an undergraduate intern at her Senator's office in Washington, DC. She loves her job, as it
allows her to see the process of lawmaking up-close and in person. Her Senator has asked her to
prepare him for an upcoming meeting with lobbyists representing the pharmaceutical industry, who
would like to see legislation extending the term of drug patents beyond twenty years. Sophia's
research reveals that the twenty-year exclusivity period given to companies while a drug is patented
is hugely valuable, allowing the companies to reap billions of dollars in profit. Even as a patent nears
expiration, federal law makes it easy for drug companies to obtain a five-year extension on a patent
simply by making a few minor tweaks such as changing the delivery mechanism of a drug (faster or
slower dissolving), or by combining two drugs together. After a drug loses patent protection, it
becomes much easier for generic manufacturers to copy the drug, which causes the price of the drug
to plummet, making it much more affordable for people to buy
a
s
On the other hand, she learns that bringing a new drug to market takes roughly 14 years, at a cost of
$1.3 billion. For every drug that makes it to market, more than 50 other research programs will fail.
Even if the FDA approves a drug, only two out of 10 approved drugs will be profitable. Since 2006,
brand drugs have lost an estimated $60 billion in sales due to patent expirations. By 2015, this
number is expected to climb to $160 billion.
ency
gal
How should Sophia advise her senator? Why?

Answers

Sophia should advise her senator to consider all aspects of patents and the economic impact on producers and consumers, to benefit everyone equally.

According to the information found by Sophia, the senator must take into account the most important information for the meeting with representatives of the pharmaceutical industry. For example, she must take into account that currently pharmaceutical companies already have a long reservation of their patents of maximum of 25 years in which they recover the money invested and earn billions of dollars.

However, this is not enough because pharmaceutical companies also lose about 1.3 billion on some drugs. After all, only 2 out of 10 drugs put on the market are profitable.

According to the foregoing, it would be fair for pharmaceutical companies to extend the term of exclusivity of patents because this time would bring them greater profits that would balance the great possibilities of loss that they have with other research and with drugs that go on the market.

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On the last day of its current tax year, Buy Rite LLC received $390,000 when it sold a machine it had purchased for $270,000 three years ago to use in its business. At the time of the sale, the basis in the equipment had been reduced to $230,000 due to tax depreciation taken. How much did the members’ self-employment earnings from Buy Rite increase when the equipment was sold? [Hint: See IRC §1402(a)(3).]

Answers

Answer:

1,402

Explanation:

benefits of public corporations in kenya​

Answers

benefits of public corporations in kenya

Economies of scale.

Easier planning and coordination.

Autonomous set-up.

Protection of public interest.

Quicker decisions.

Raising funds through private sourcing.

Owing to his impulsive buying habits, Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough money to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:

Answers

In case of financial crisis where Ronnie is under debt is advised to avoid further usage of his credit card.

What is financial crisis?

Financial crisis for an individual is when he is under huge debt and lacks money to clear his dues towards the creditors. In the above case, Ronnie is under financial crisis due to a credit card bill of $9000.

Ronnie lacks money to repay the amount of debt, and thus he is advised to stop using his credit card so that his debts do not pile up more. Also, he is advised to take financial help from a friend, so he can pay the bill, and avoid reducing his credit rating.

Hence, the steps to be taken by Ronnie during the condition of financial crisis are as aforementioned.

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In the month of March the Chester Corporation received and delivered orders of 182,000 units at a price of $15.00 for revenue of $2.730mil for their product Cedar. Chester uses the accrual method of accounting and offers 30 day credit terms. By the end of May Chester had collected payments of $2.730mil for the March deliveries. How much of the collected $2.730mil should Chester show on the March 31st income statement and how much on the May 31st income statement?

Answers

If all units were delivered by March 31st based on revenue recognition rules app 2.730 is recognizedas revenue in March with Dr accounts receivable and credit revenue.

When the funds are collect in may the accounts receivable is cleared to cash/Bank

Dr Bank and Cr accounts receivable

How ever since Chester Corp offers only 30 day credit terms the receivable is 30 days late they can Charge late payment fees and recognize the late fees as revenue in May i.e. the month the late fees is recognized

1. Cedric enters into a contract with Claudia to buy her house for $150,000. Claudia decides later not to sell
because she is so emotionally attached to the house. Cedric insists that he is entitled to the house. Cedric can
successfully sue for specific performance.

Answers

Answer:

True

Explanation:

Trust me

Stargel Inc. common stock was $119.70 on December 31, 2014.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Retained earnings, January 1 . . . . . . . . . . . . . .$5,375,000 $4,545,000
Add net income for year . . . . . . . . . . . . . . . . . . . 900,000 925,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6,275,000 $5,470,000
Deduct dividends:
On preferred stock . . . . . . . . . . . . . . . . . . . . . . $ 45,000 $ 45,000
On common stock. . . . . . . . . . . . . . . . . . . . . . . . .50,000 50,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 95,000 $ 95,000
Retained earnings, December 31 . . . . . . . . . . .$6,180,000 $5,375,000
Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Sales (all on account) . . . . . . . . . . . . . . . . . . . $10,050,000 $9,450,000
Sales returns and allowances . . . . . . . . . . . . . . .50,000 50,000
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000,000 $9,400,000
Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . 5,350,000 4,950,000
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,650,000 $4,450,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . . .$ 2,000,000 $1,880,000
Administrative expenses . . . . . . . . . . . . . . . . . 1,500,000 1,410,000
Total operating expenses . . . . . . . . . . . . . . . . $ 3,500,000 $3,290,000
Income from operations . . . . . . . . . . . . . . . . . $ 1,150,000 $1,160,000
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000 140,000
$ 1,300,000 $1,300,000
Other expense (interest) . . . . . . . . . . . . . . . . . . 170,000 150,000
Income before income tax . . . . . . . . . . . . . . . $ 1,130,000 $1,150,000
Income tax expense . . . . . . . . . . . . . . . . . . . . . .230,000 225,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 900,000 $ 925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1.
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Assume 365 days a year.
Return on total assets %
Return on stockholders’ equity %
Return on common stockholders’ equity %

Answers

Answer 1.

Working Capital = Current Assets - Current Liabilities
Working Capital = $36,90,000 - $900000
Working Capital = $27,90,000

Answer 2.

Current Ratio = Current Assets / Current Liabilities
Current Ratio = $36,90,000 / $900000
Current Ratio = 4.1

7) Number days' sales in inventory = (Inventory/Cost of goods sold) * 365 days

=(11,90,000 / 53,50,000) * 365 days = 81.18 days approx

8) Ratio of fixed assets to long-term liabilities = Fixed Assets/Long Term Liabilities

=(2350000+3740000) / 1700000= 3.58 times

9) Ratio of liabilities to stockholders' equity = Total Liabilities/stockholders' equity

=26,00,000 / 71,80,000

=0.36211 times

10) Number of times interest charges are earned = Earnings Before Interest & Tax / Interest Expense

= 1300000 / 170000 = 7.64 times

11) Number of times preferred dividends are earned = Dividend on preferred stock/preferred stock

= 45000 / 500000

=0.09 times

12) Ratio of sales to assets = Net Sales (Total Sales-Sales Return)/Total Assets

= 10,000,000 / 9780000

= 1.022 times

13 ) Rate earned on total assets = Net Income/Average Total Assets(Opening+closing Total Assets)/2

=900000 /(8755000+ 97,80,000)/2

=900000/ 9267500

=0.09711 times or 9.711 %

14) Rate earned on stockholders' equity = Net Income/Average Stockholders' Equity(opening+closing stockholders' Equity)/2

=900,000/(6375000+7180000)/2

=900000/6777500

=0.132 or 13.27 %

15) Rate earned on common stockholders' equity=

(Net Income - Dividend on Preferred stock)/Average Common Stock(opening + closing common stockholders' equity)

=(900000-45000)/(500000+500000)/2

=855000/500000

=1.71 times

16. Earnings per share on common stock = (Net Income - Dividend on Preferred stock)/Common Stock(in numbers)

=(900000-45000)/100000

=8.55 times

17) Price-earnings ratio = Market Price per share/ Earnings per share

=119.70(given)/8.55

=14 times

18) Dividends per share of common stock = Dividend to common stock/common stock (in number)

=50000 / 100000

=0.5 times

19) Dividend yield = Dividends per share of common stock/Market Price per share

=(0.5 /119.70) * 100

= 0.835%

if you have any doubt comment in the comment box

Arial Company has two products: A and B. The company uses activity-based costing. The total cost and activity for each of the company's three activity cost pools are as follows:

Total Activity
Activity Cost Pool Total Cost Product A Product B Total
Activity 1 $22,000 400 100 500
Activity 2 $16,240 380 200 580
Activity 3 $14,600 500 250 750

The activity rate under the activity-based costing system for Activity 3 is closest to:

a. $70.45
b. $28.87
c. $19.47
d. $58.40
e. $32.5

Answers

Answer:

a

Explanation:

because it approaches to the total rates of the activity 3 it is the best avererage for that activity

Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct and most favorable filing status for Lucy's 2020 return is: Married filing jointly. Married filing separately. Single. Qualifying widow.

Answers

Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is Married filing jointly.

Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.

Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.

In conclusion, the correct answer is option A.

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Select the correct answer. Read this excerpt from a policy document that informs employees about payroll procedures: A) Each employee will submit a completed time sheet that shows the number of hours worked, sick time, and any vacation time taken. B) Managers must review each time sheet for accuracy and then sign it. The project director will then approve and sign each time sheet. C) If the company can’t directly deposit pay into employees’ bank accounts, the company will distribute payroll checks by 5 p.m. on the first Monday after the two-week pay period has ended. (D) The company will deduct taxes and benefits from pay. In which scenario would the company need to refer to the policy document?

Answers

The scenario where a policy document will be referred to will be D. The company will deduct taxes and benefits from pay.

A policy document simply means a formal document that is a legally binding document. It contains the instructions that determine how things are done in a organization.

Since the policy document informs employees about payroll procedures, it'll be applicable when the company will deduct taxes and benefits from pay.

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IRAC Briefing
CATE v. DOVER
What did the warranty section of the contract provide?
What type of warranty was involved in this case?
What is the issue in the case?
In whose favor did the court rule?

Answers

no se la verdad porque no se inglés si supiera inglés te hubiera ayudado

The buyer and seller agreed to a purchase price of $310,500. The buyer received an 80% loan. How much was the buyer's loan and how did it appear on the settlement statement

Answers

Answer:

4 $ 248,400. Credit the buyer only.

O False
QUESTION 2
Management is the process of coordinating people and other resources.
O True
O False
QUESTION 2

Answers

Answer:

True

Explanation:

Managing is to look over and control people or things to be sure everyone/everything works as intended.

The process of coordinating the individuals and the related resources is to be considered as management.

Option A is correct.

What is coordination?

Coordination is the act of harmonizing and maintains a healthy synchronization between the activities and the workforce performing them.

The management is the method of synchronize and administer the working roles assigned to the team members or the workforce. This could be done by making a good hierarchy where it directs the work force to whom they are going to report.

Therefore, the provided statement is true.

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The fastest-growing economy in the world in 2017 was ________. Group of answer choices Sierra Leone Afghanistan Macau China Libya

Answers

The world's fastest-growing economy in 2017 was China.

The People's Republic of China is a country located in East Asia that stands out for being one of the world powers and has experienced great economic growth in recent years.

China is characterized by having a mixed economic system in which it combines aspects of capitalism and the free market with aspects of socialism. During the revolution, China had a socialist political and economic system.

When their leader Mao died, political leaders began to modify aspects of the socialist economy by creating a mixed economy model that caused its rapid growth. A sample of this is that between 2001 and 2010 its growth was 10.5% and in 2017 it was 6.5%.

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Sunland Inc., a real estate developing company, was accounting for its long-term contracts using the completed contract method prior to 2021. In 2021, it changed to the percentage-of-completion method. The company decided to use the same for income tax purposes. The tax rate enacted is 40%. Income before taxes under both the methods for the past three years appears below.
2019 2020 2021
Completed contract $480000 $318000 $156000
Percentage-of-completion 780000 399000 300000
Which of the following will be included in the journal entry made by Sunland to record the income effect?
a. A debit to Retained Earnings for $239400.
b. A credit to Retained Earnings for $228600.
c. A credit to Retained Earnings for $158400.
d. A debit to Retained Earnings for $158400.

Answers

From the computation done, there'll be a debit to retained earnings for 239400.

The retained earnings will be:

= percentage of completion (1 - Tax rate)

Based on the values we've, this will be:

Retained Earnings = 399000 (1 - 40%)

Retained Earnings = = 399000 × 0.6

Retained Earnings = 239400

Therefore, there'll be a debit to retained earnings for 239400.

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Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?

a
Job security

b
Working hours

c
Location

d
Availability of benefits

Answers

Answer:

C

Explanation:

Do to the rEASON I FOUND ONLINE

The non-income factor for a potential job that would influence a person who values easy access to entertainment and culture is Location.

What do you mean by the job?

A job refers to the specific task that needs to be done as part of the routine of one's occupation for an agreed price.

The non-income factor for a potential job that would influence a person who values easy access to entertainment and culture is Location.

Therefore, C is the correct option.

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Why are developing countries experiensing rapid population growth while developed countries are growing slowly or not at all?​

Answers

Answer:

Population growth in developing countries will be greater due to lack of education for girls and women, and the lack of information and access to birth control.

Carry learning!

Study hard!

Brainliest please!

Thank you

Help me please

With one worker, total production is 100. When a second worker is added, total product

increases to 300. The marginal product of the second worker is ….???
100.

200.

400.

300.

Answers

Total production is 100

let the product of second worker be x

then 100+x = 300

x = 200

The marginal product of the second worker is 200

A 7-year, $1,000 par bond has an 8% annual coupon and is currently yielding 7.5%. The bond can be called in 3 years at a call price of $1,010. What is the bond yielding, assuming it will be called (known as the yield to call)?

Answers

The Yield to call is 7.30%

Par value of Bond (FV) = $1,000

Annual Coupon (A) = 8%*1,000 = $80

Years until maturity = 8

Current YTM = 7.5%

We need to calculate the Current Price of Bond (PV)

PV = 80 * (P/A, 0.075, 7) + 1000 * (P/F, 0.075, 7)

PV = $1,026.48

Call Price = $1,010

Call Period = 3 years

Yield to call = ytc

1026.48 = 80* (P/A, ytc, 3) + 1010 * (P/F, ytc, 3)

Using the trail and error method,

Yield to call = 7.30%

In conclusion, the Yield to call is 7.30%

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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,000 Purchases 45,000 Available for use 55,000 Direct materials used 46,500 Ending 8,500 Work in Process Inventory Debit Credit Beginning 14,000 Direct materials used 46,500 Direct labor 27,500 Overhead 55,000 143,000 Cost of goods manufactured 131,000 Ending 12,000 Finished Goods Inventory Debit Credit Beginning 16,000 Cost of goods manufactured 131,000 Available for sale 147,000 Cost of goods sold 129,000 Ending 18,000 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

Answers

Cost of goods manufactured is $131,000 and Cost of goods sold is $129,000.

                           Cost of goods manufactured

Particulars                                                               Amount

Direct Material:  

Beginning Inventory of Raw Material     $10000

Add: Purchase of raw material                 $45000

Raw material available for use                 $55000

Less: Ending inventory of Raw material  ($8500)

Direct Material used                                                    $46500

Direct labor                                                                  $27500

Factory Overhead                                                       $55000

Total manufacturing Cost                                           $129000

Add: Beginning inventory of WIP                               $14000

Total cost of WIP                                                         $143000

Less: Ending Inventory of WIP                                   ($12000)

Cost of goods Manufactured                                    $131000

           Cost of goods sold for the year:

Particulars                                               Amount

Beginning stock of finished goods       $16000

Cost of goods manufactured                $131000

Goods available for sale                        $147000

Ending stock of Finished goods           ($18000)

Cost of goods sold                                $129000

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One of the benefits to lenders from the secondary mortgage markets is that they tend to raise the interest rate charged to borrowers. Group of answer choices True False

Answers

Answer:

true

Explanation:

the mortgage is riskier for the lender as the first mortgage takes priority and getting paid off in a foreclosure

Crane Company estimates that unit sales will be 8,000 in quarter 1, 11,200 in quarter 2, 12,000 in quarter 3, and 14,400 in quarter 4. Using a unit selling price of $68 per unit. Prepare the sales budget by quarters for the year ending December 31, 2022.

Answers

The total sales of the quarter is $2.918,400.

                               Sales Budget (Quarter)

                                        1              2                3                 4

Expected unit sales  8,000        11,200       12,000        14,400

Unit selling price         $68            $68           $68              $68

Total sales                $512,000 $716,800  $768,000  $921,600

Hence, the total sales of the quarter is $2.918,400

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Services from health care to education are provided to people by the government. This is an example of _____.

Answers

Answer:

good governance

Explanation:

because if the is a good government he will ensure that the educational system wont lack health care

Identify the type of social responsibility discussed in the case with regard to
responsibility towards the environment. Explain with reason.

Answers

Corporate social responsibility (CSR) is the idea that a business has a responsibility to the society that exists around it, according to the online course Sustainable Business Strategy. Firms that embrace corporate social responsibility are typically organized in a manner that empowers them to be and act in a socially responsible way. It’s a form of self-regulation that can be expressed in initiatives or strategies, depending on an organization’s goals. Exactly what “socially responsible” means varies from organization to organization. Firms are often guided by a concept known as the triple bottom line, which dictates that a business should be committed to measuring its social and environmental impact, along with its profits. The adage “profit, people, planet” is often used to summarize the driving force behind the triple bottom line.

At a new client meeting, the outside CPA learns the following:
1. The recently fired bookkeeper has been discovered as embezzling over $100,000, but the full amount is not yet quantified. The tax preparer was related to the bookkeeper.
2. There is a foreign entity (China) company and the books and records are not translated. It is unclear as to whether it is owned by the owner or the corporation.
3. The staffing is light and the human resources person is doing the billing and the payroll. There are no management concerns with this person.
4. There is a $1 million line of credit for the company with a major bank.
5. The company uses an add-on to QuickBooks for the time and billing (services company) and QuickBooks for the general ledger.
6. The reimbursement policy is nonconforming to the IRS rules.
7. There are three unrelated owners that are all engineers by training.
As an Outside CPA/Auditor:
I. As the outside CPA, what ethical obligations to you have to the professional for taking an assignment like this? Specifically, what type of work is possible?
II. What threats are posed to the outside CPA?
III. What safeguards can be applied at the outside CPA level?
IV. How should the China business be dealt with?
V. What obligations do you have for the potential tax issues? How would you document or discuss these issues?
As the newly hired CPA/controller for the same company above:
I. If you work to work for the company as the CPA controller, what threats do you see on the onset?
II. What safeguards can you put in place?
III. How would you handle the remaining staff?
IV. If the human resources staff has been working well at the job, then what is the harm of letting the payroll remain with HR?
V. What would you insist be in your employment agreement?

Answers

Answer:

I am a teacher at Ohio college and when I looked at the question I looked like the answer would be 60

Explanation:

I would explain But I want to see if you can figure out why 60 is the answer

Rachel's Recordings reported net income of $240,000. Beginning balances in Accounts Receivable and Accounts Payable were $19,000 and $22,000 respectively. Ending balances in these accounts were $8,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be: ____________

a. $240,000.
b. $250,500.
c. $256,500.
d. $223,500.

Answers

Based on Rachel's Recording net income and Account Receivables and Payables, the net cash from operating activities must be c. $256,000

When calculating net cash from operating activities:

Increases (decreases) in Accounts Receivables are deducted (added) from the net income Decreases (increases) in Accounts Payable are deducted (added) from net income

The net cash from operating activities will therefore be:

= 240,000 + (19,000 - 8,500) + (28,000 - 22,000)

= 240,000 + 10,500 + 6,000

= $256,500

In conclusion, the net cash from operations is $256,000

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- identify changes and trends as a source of new enterprise ideas

Answers

Changes and trends are sources of new enterprise ideas. An example can be found in the advent of technology. The advent of internet-enabled devices has led to the growth of internet service providers. The use of headphones, Bluetooth devices, and other accessories has been borne because of new technologies that were not available some fifty years ago.

Changes in trends can lead to the birth of new businesses. Changes in weather condition that pose the risk of skin damage has led to the popularization of sunblocks.

Internet-enabled devices have also led to the introduction of enterprises that deal with gadgets accesories.

These examples show that changes and trends are sources of new enterprise ideas.

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One autumn day, a woman and man appear at Carrie Franklin’s door. They introduce themselves as chimney sweeps who would like to clean her chimney before she begins to use her fireplace. The man says it will be inexpensive and make her home safer, reducing the chances of a chimney fire. Carrie sees the name “Chim Chim Chimney Sweeps” on their truck. What can Carrie do to protect herself from scam?

Answers

The things which Carrie Franklin can do to protect herself from possible scam include:

Calling the telephone operator to verify if the Chimney Sweeps actually exist. Next thing would be to enquire if the office sent anybody to her home.Next thing would be to ask for their ID cards.

Based on the given question, we can see that Carrie Franklin received some visitors who claimed to be chimney sweepers from a company and she would have to pay them for cleaning her chimney.

It is important that she verifies that they are a legitimate company then look them up in the telephone listing and if she has any additional suspicions she can call the police just to be safe.

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Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a ____.

A. title loan
B. line of credit
C. mortgage
D. payday loan

Answers

Jessie wants to use her car as collateral for a short-term loan. This type of loan is called a title loan.

What is title loan?

Title loan is the loan in which assets are required for the collateral, this loan is very popular because it takes very short span of time to get approvals from the financial institute and credit rating is not considered at the time of giving loan.

Thus, option A is correct.

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The Bruin's Den Outdoor Gear is considering a new 7-year project to produce a new tent line. The equipment necessary would cost $179 million and be depreciated using straight-line depreciation to a book value of
zero. At the end of the project, the equipment can be sold for 15 percent of its initial cost. The company believes that it can sell 28,500 tents per year at a price of $74 and variable costs of 33 per tent. The fixed costs
will be 5495,000 per year. The project will require an initial investment in net working capital of $233,000 that will be recovered at the end of the project. The required rate of return is 117 percent and the tax rate is 40
percent. What is the NPV?

Answers

add 5495,000 and 233,ooo I hope this helped

According to this question, the NPV is $519,084.61 of this project calculating through Net Present Value formula.  

What is Net Present Value?

Net Present value is a tool of capital budgeting which is used for financial analysis and the profitability of a project or investment.

Net Present Value is calculated by taking the difference between the present value of cash inflows and present value of cash outflows over a period of time.

For every organisation, it is an important factor to calculate this it may help to take decisions regarding the expansion of business and investment very wisely.

Therefore,

Net Present Value = Rt / (1+i) t

where,

Rt = net cash flow

i = discount rate

t = time of cash flow

So, NPV is $ 519,084.61

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