Colter Steel has $4,800,000 in assets. Temporary current assets $ 1,600,000 Permanent current assets 1,530,000 Fixed assets 1,670,000 Total assets $ 4,800,000 Short-term rates are 12 percent. Long-term rates are 17 percent. Earnings before interest and taxes are $1,020,000. The tax rate is 40 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be

Answers

Answer 1

Answer:

Colter Steel

Earnings after taxes:

Earnings before interest and taxes = $1,020,000

Interests = $659,500

Pre-tax Earnings = $360,500

Income Tax (40%)   144,200 ($360,500 x 40%)

Earnings after taxes = $216,300

Explanation:

a) Interests:

i) Long-term interests = 17% of Fixed Assets ($1,670,000) = $283,900

ii) Short-term interest = 12% of current assets ($4,800,000 - 1,670,000) = $375,600

Total interests = $659,500 ($283,900 + 375,600)

b) Short-term rates are the interest rates for current assets (or short-term borrowings).

c) Long-term rates are the interest rates for long-term assets or fixed assets (or long-term borrowings).


Related Questions

Bonner Corp.'s sales last year were $345,000, and its year-end total assets were $355,000. The average firm in the industry has a total assets turnover ratio (TATO) of 2.4. Bonner's new CFO believes the firm has excess assets that can be sold so as to bring the TATO down to the industry average without affecting sales. By how much must the assets be reduced to bring the TATO to the industry average, holding sales constant? Use the year-end balance in your calculations. Select the correct answer. a. $211,325 b. $211,175 c. $211,101 d. $211,250 e. $211,026

Answers

Answer:

  d.  $211,250

Explanation:

The TATO is the ratio of sales to assets:

  TATO = sales/assets

Filling in the desired numbers, we can find the desired level of assets:

  2.4 = 345,000/assets

  assets = 345,000/2.4 = 143,750

Starting with assets of 355,000 the reduction necessary to bring assets down to 143,750 is ...

  $355,000 -143,750 = $211,250 . . . . matches choice D

What are the kinds of purchases for which you’ll "spare no expense"? What kinds of purchases do you want to buy spending as little as possible? What are the major differences between these two categories that drive your attitude regarding price?

Answers

Answer:

"Spare no Expense" Purchases

When purchasing long-term items (assets) which cannot be consumed within a short-term period, one tends to "spare no expense."  These purchases are dictated by their quality and not price.  For example, in constructing a building an individual or an entity does not consider the price as a deciding factor.  Instead, the entity goes for the best quality at whatever price.  In such a situation, it can be described as "sparing no expense" because it can spend as possible as is needed to ensure that the quality of the construction was of the highest standard.  A wealthy man does not spare any expense to receive medical treatment.  Vacationists spare no expense to go on vacation

These purchases or items come with high prices and they last longer than a year.

On the other hand, one does not want to spend much resources on goods that are not durable.  So, the person involved tend to spend as little as possible.  No one wants to buy expensive food items.  But, the same person can pay for an exorbitant car.  No one wants to expend much resources on inner wears, but the same person can spend thousand for the outer wears, to put up appearances.

Ostentatious goods that convey image attract higher prices much more than private goods that others co not care whether you use them or not.  This accords with our human natural way of believing in appearances.

The major factors that differentiate between these two categories that drive our attitude regarding price include:

a) Scarcity, b) Longevity, c) Quality, d) Price, e) Durability, f) Ostentation

Explanation:

The expression "spare no expense" means to spend as much financial resources as needed in order to make something happen or bring about an outcome.

In the development of a SFAS matrix, the first step is to:____________.
A) enter the ratings of how the company's management is responding to each of the strategic factors.
B) calculate the weighted scores.
C) list the most important EFAS and IFAS items.
D) indicate short-term goals for the duration.
E) enter the weights for all of the internal factors.

Answers

Answer:

its A

Explanation:

I promise trust me

When longer-term employees' salaries are lower than those of workers entering the firm today, ______ has occurred.

Answers

Answer: Salary compression

Explanation:

Salary compression is a situation that occurs when there is a negligible differences in pay between the workers in an organization despite the experience and skills level.

It usually occurs when the pay of the current employees that are working with a company does not keep up with the rise in market pay rate thereby giving rise to a situation whereby new employees are employed at a identical pay or better pay to those that have been at the organization.

Swisher, Incorporated reports the following annual cost data for its single product: Normal production level 30,000units Direct materials$6.40per unit Direct labor$3.93per unit Variable overhead$5.80per unit Fixed overhead$150,000in total This product is normally sold for $48 per unit. If Swisher increases its production to 50,000 units, while sales remain at the current 30,000 unit level, by how much would the company's income increase or decrease under variable costing

Answers

Answer:

The company's income would decrease  by $422,600.

Explanation:

The Variable Costing includes only variable manufacturing costs in product costs.Fixed and non-manufacturing costs are treated as period costs.

Prepare a Differential Analysis for an additional 20,000 units

Differential Analysis for an additional 20,000 units

Additional Costs :

Direct materials ($6.40 × 20,000)            $128,000

Direct labor ($3.93× 20,000)                      $78,600

Variable overhead ($5.80× 20,000)         $116,000

Fixed Overheads ($5 × 20,000)               $100,000

Incremental Cost                                       $422,600

Conclusion:

The company's income would decrease  by $422,600.

Loster Company reported a net loss of $17,017 for the year ended December 31. During the year, accounts receivable decreased by $7,476, inventory increased by $5,997, accounts payable increased by $15,357, and depreciation expense of $5,495 was recorded. What was the net cash used for or provided by operating activities during the year

Answers

Answer:

The answer is $5,314

Explanation:

Net loss ($17,017)

Add back:

Depreciation expense. $5,495

($11,522)

Changes in working capital:

Decrease accounts receivable $7,476

Increase Inventory. ($5,997)

Increase accounts payable. $15,357

Net cash provided by operating activities. $5,314

When organizations, in an attempt to prevent _____ asks customers to not enter characters but instead select them one by one from boxes, intruders may counter with

Answers

Answer: a. keyloggers, screen scrapers

Explanation:

When organizations, in an attempt to prevent keyloggers asks customers to not enter characters but instead select them one by one from boxes, intruders may counter with screen scrapers

Keyloggers is a program that allows another person to record the keys struck on a keyboard without the person typing knowing. The person recording can them compile the information to find out very confidential information. By asking customers to select characters this can be mitigated.

Screen Scrapers on the other hand are more lethal because they record that is being displayed on a screen and transmit it to another person thereby enabling them to see what the target is doing even if they select characters from boxes.

Suppose that JB Cos. has a capital structure of 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 14 percent while its cost of equity is 18 percent. Assume the appropriate weighted-average tax rate is 25 percent.

What will be JBâs WACC? (Round your answer to 2 decimal places.)

WACC ______ %

Answers

Answer:

16.13%

Explanation:

The computation of the weighted cost of capital (WACC) is shown below:

As we know that

WACC is

= weight of equity ×  cost of equity + weight of debt × before cost of debt × (1 - tax rate)

= 0.75 × 18% + 0.25 × 14% × (1 - 0.25)

= 13.5% + 2.625%

= 16.13%

We simply applied the above formula so that the WACC could be arrive

Prepare journal entries to record each of the following four separate issuances of stock.

a. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash.
b. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,000.
c. The stock has a $3 per share stated value.A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,000.
d. The stock has no stated value.A corporation issued 1,000 shares of $50 par value preferred stock for $107,000 cash.

Answers

Answer:

a.

DR Cash $48,000  

CR Common Stock (4,000*10)  $40,000

CR Paid in Excess of Par- Common Stock   $8,000

(To record common stock issued for cash)

Working

Paid in Excess of Par- Common Stock = 48,000- 40,000  

= $8,000

b.No stated value

DR Organization expenses    $57,000  

CR Common Stock   $57,000

(To record common stock issued to promoters)

c.

DR Organization expenses $57,000  

CR Common Stock (2,000 * $3)  $6,000

CR Paid in Excess of Par- Common Stock   $51,000

(To record common stock issued to promoters)

Working

Paid in Excess of Par- Common Stock = 57,000 - 6,000

= $51,000

 

d.

DR Cash $107,000  

CR Preferred Stock (1,000*50)  $50,000

CR Paid in Excess of Par- Preferred Stock  $57,000

(To record preferred stock issued for cash)  

Working

Paid in Excess of Par- Preferred Stock

= 107,000 - 50,000

= $57,000

Mobile visual search (MVS) apps generate graphic images that are superimposed on pictures of real things (e.g., people, rooms, buildings, roads, and so on). For instance, a mobile phone user might point her phone camera at an office building and activate an app that generates the logos of all foodservice outlets (e.g., Starbucks, Subway, McDonalds) inside the building. True or False

Answers

Answer: False

Explanation:

Mobile Visual Apps were made.more along the lines of linking different content from a single picture. For instance, a single picture of a logo could link the user to the social media pages, products and other content belonging to the owner of the logo.

The product described in the text above is ' Augmented Reality '.

Michael is unaware that it is very important for those from Japan to establish close personal relationships before talking about business. His violation of such ____, which concerns routine social conventions, is probably the main reason that he fails to have Norio sign the contract.

Answers

Answer:

Mores

Explanation:

Mores are the behaviors and customs that people have in a particular place and usually, they expect that you adhere to them when you are there and you would probably be judge based on that. According to this, the answer is that Michael's violations of such mores, which concerns routine social conventions, is probably the main reason that he fails to have Norio sign the contract because he didn't follow the custom people have in Japan to establish close personal relationships before talking about business and that affected his image because Michael's behavior was not acceptable for them.

Currently, a U.S. trader notes that in the 6-month forward market, the Japanese yen is selling at a premium (that is, you receive more dollars per yen in the forward market than you do in the spot market), while the British pound is selling at a discount. Which of the following statements is correct?
a) If interest rate parity holds among the three countries, the United States should have the highest 6-month interest rates and Britain should have the lowest rates.
b) If interest rate parity holds among the three countries, the United States should have the highest 6-month interest rates and Japan should have the lowest rates.
c) If interest rate parity holds among the three countries, Japan should have the highest 6-month interest rates and Britain should have the lowest rates.
d) If interest rate parity holds, 6-month interest rates should be the same in the U.S., Britain, and Japan.
e) If interest rate parity holds among the three countries, Britain should have the highest 6-month interest rates and Japan should have the lowest rates.

Answers

Answer:

Hence correct answer is option e) If interest rate parity holds among the three countries, Britain should have the highest 6-month interest rates and Japan should have the lowest rates.

Explanation:

The Internal Rate of Return (IRR) represents which of the following: Multiple Choice The discount rate that must be lower than the required rate of return. The discount rate that makes the net present value equal to zero. The discount rate that makes the net present value positive. The discount rate that makes the net present value negative. The discount rate that is affected by the cash flows external to the project.

Answers

Answer:

The discount rate that makes the net present value equal to zero.

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

It is the discount rate that makes the net present value equal to zero.

I hope my answer helps you

At an output level of 6,000 units, you have calculated that the degree of operating leverage is 2.3. The operating cash flow is $12,000 in this case. a. Ignoring the effect of taxes, what are fixed costs

Answers

Answer: $15,600

Explanation:

The following information can be gotten from the question:

Output level = 6,000 units

Degree of operating leverage = 2.3

Operating cash flow = $12,000

Contribution margin = Degree of operating leverage × Operating cash flow

= 2.3 × $12,000

= $27,600

Fixed cost = contribution margin - Operating cash flow

= $27,600 - $12,000

= $15,600

On May 10, Monty Corp. issues 1,900 shares of $4 par value common stock for cash at $13 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

Answer:

May 10, 2020, 1,900 shares issued at $13

Dr Cash 24,700

    Cr Common stock 7,600

    Cr Additional paid in capital 17,100

The common stock account increases using the pay value as reference. For example, if the common stock account = $200,000 and the par value of the stocks = $4, then we know that the company has 50,000 common stocks outstanding.

If investors pay any amount over the stocks' par value, that amount must be reported as additional paid in capital, in this case for common stock.

n preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $52,000 Accounts payable decreased by 18,000 Accounts receivable increased by 25,000 Inventories increased by 5,000 Depreciation expense was 30,000 Net cash provided by operating activities was:

Answers

Answer:

$34,000

Explanation:

Calculation for the Net cash provided by operating activities

Net income 52,000

Adjustments :

Add Depreciation expense 30,000

Less Decrease in Accounts payable (18,000)

Less Increase in accounts receivables (25,000)

Less Increase in inventories (5,000)

Net cash provided by operating activities $34,000

Therefore Net cash provided by operating activities was: $34,000

The core CPI looks at the price changes of a market basket without Select one: a. luxury goods b. taxes c. food and energy d. imported goods

Answers

Answer:

The correct answer is the option C: food and energy.

Explanation:

On the one hand, the concept known as "Consumer Price Index" or CPI is refered to the measure that is basically used in economics in order to obtain the variation of prices in general that happens in a certain period of time, so that means that it focus in calculating the inflation of an economy by examinating the weighted average of prices of a basket of predetermined goods.

On the other hand, the "Core CPI" calculates the inflation in the costs of goods and services of a predetermined basket by does not include the ones from the food an energy sectors.

Two partners, Small and Big, form a partnership in which Small invested $40,000 and Big invested $60,000 for a total capital of $100,000. But Small devotes more time to the business and earns more from the firm. They have agreed to share the profits as follows:

1. The first $20,000 is allocated on the partner's capital balances.
2. The next $30,000 is allocated based on service: Small gets $20,000, and Big gets $10,000.
3. Any remaining profits are allocated equally.
4. The partnership's net income is $100,000.

Requried:
a. What is Small's portion of the net income?
b. What is Big's portion of the net income? Make the entry for this allocation.
c. What would be the right parts to the journal entry for this question?

Answers

Answer:

a. What is Small's portion of the net income?

$53,000

b. What is Big's portion of the net income? Make the entry for this allocation.

Big's portion = $47,000

Dr Income Summary 47,000     Cr Big, capital 47,000

c. What would be the right parts to the journal entry for this question?

Debit Income summary and credit capital accounts

Explanation:

partnership's net income $100,000

first $20,000

Small $8,000Big $12,000

next $30,000

Small $20,000Big $10,000

Remaining $50,000

Small $25,000Big $25,000

total Small = $53,000

total Big = $47,000

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits.
Cooking Canning
Beginning work in process $0 $4,240
Materials 24,700 9,800
Labor 9,550 7,440
Overhead 32,800 27,100
Costs transferred in 55,000
Journalize the April transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Date Account Titles and Explanation Debit CreditApril 30(To record materials used.)30 (To assign factory labor to production.)30 (To assign overhead to production.)30 (To record costs transferred in.)

Answers

Answer: Please explanation column for answers

Explanation:                    Cooking Canning

Beginning work in process $0      $4,240

Materials                            24,700   9,800

Labor                                    9,550 7,440

Overhead                          32,800 27,100

Costs transferred in 55,000

a) journal to record materials used

Date        Account                               Debit                      Credit

April 30 Work in progress- cooking  $24,700

       Work in progress -Canning     $9,800

  Raw materials inventory                                               $34,500

B) journal to record assignment of factory labor to production

Date        Account                               Debit                      Credit

April 30 Work in progress- cooking  $9,500

       Work in progress -Canning     $7,440

     Factory Labour                                                         $16,940

c) journal to record assignment of  overhead to production.

Date        Account                               Debit                   Credit

April 30 Work in progress- cooking  $32,800

       Work in progress -Canning     $27,100

  Manufacturing Overhead                                            $59,900

c) journal to record costs transferred in from cooking  to Canning

Date        Account                               Debit               Credit

April 30 Work in progress- Canning  $55,000

       Work in progress -Cooking                                $55,000

 

Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. Diane Manufacturing desired rate of return on this project is 10%. Net cash flows for years 1 through 10 (99,000 X present value of $1 annuity factor) round to nearest dollar A. 120000 Recovery of investment in working capital (500,000 x (present value of $1 factor) B. Present Value of net cash flows C. Initial cash outlay500,000 Net Present Value

Answers

Answer:

net income per year = $49,000

annual cash flows = $99,000

NPV = $108,315.40

payback period = 5.05 years

accounting rate of return = 19.6%

Explanation:

annual cash flow = [($320,000 - $200,000 - $50,000) x 0.7] + $50,000 = $99,000

NPV = -$500,000 + [$99,000 x 6.1446 (PV annuity, 10%, 10 periods)] = -$500,000 + $608,315.40 = $108,315.40

payback period = $500,000 / $99,000 = 5.05 years

accounting rate of return = net income per year / average investment = $49,000 / [($500,000 + $0)/2] = $49,000 / $250,000 = 19.6%

A divorced woman with 2 young children has just re-entered the workforce part time and earns $3,000 from this work. She collects another $2,400 per year in alimony payments. The woman wishes to make a contribution to an Individual Retirement Account this year. Which statement is TRUE

Answers

Which statement is TRUE

A. No contribution can be made because the woman received alimony payments

B. A contribution can be made based only on the income earned from part-time work

C. A contribution can be made based only on the alimony payments received

D. A contribution can be made based on both the earned income from part-time work and the alimony payments received

Answer:

B. A contribution can be made based only on the income earned from part-time work

Explanation:

According to Individual Retirement Account regulations, contribution can only be made base on earned income and not a court-mandated allowance made to a former spouse by a divorced or legally separated person otherwise known as "Alimony". Alimony is just a means to support life and not a earned income. So, contribution can be made based only on the income earned from part-time work.

A bank has excess reserves of $1 million and makes a new loan for $500,000. If the bank faces a 10% required reserve ratio, by how much could the money supply increase when the loan is made

Answers

Answer:

With a 10% required reserve ratio, the money supply could increase by $500,000/r when the loan is made.

This equals $5,000,000 ($500,000/0.1) where r = 10%

Explanation:

a) The money multiplier is the amount of money that banks generate with each dollar of reserves. Reserves is the amount of deposits that the Federal Reserve requires banks to hold and not lend.

b) The formula for the money multiplier is simply 1/r, where r = the reserve ratio.

c) The reserve ratio, also known as Cash Reserve Ratio, is the percentage of deposits which commercial banks are required to keep as cash according to the directions of the central bank.  It is used by the central bank to control the supply of money in the economy.  When the central bank wants to increase the money supply, it lowers the reserve ratio and vice versa.

d) According to wikipedia.com, "the money supply is the total value of money available in an economy at a point of time."  It is usually defined as currency in circulation plus demand deposits.  It is the demand deposits that give commercial banks the ability to create money using the reserve ratio.

21. Find the present values of these ordinary annuities. Discounting occurs once a year. a. $400 per year for 10 years at 10%. b. $200 per year for 5 years at 5% c. $400 per year for 5 years at 0% d. Rework parts a-c assuming they are annuities due.

Answers

Answer:

a.

PV = $2457.826842 rounded off to $2457.83

b.

PV = $865.8953341 rounded off to $865.90

c.

PV = $400

d.

PV = $2703.609527 rounded off to $2703.61

PV = $909.1901008 rounded off to $909.19

PV = $400

Explanation:

An annuity is a series of cash flows that are constant, that occur after equal interval of time and that are for a defined period of time.

An ordinary annuity is the one whose cash flows occur at the end of the period. While an annuity due is the one whose cash flows occur at the start of the period. The formula for the present value of both the ordinary and the due annuity are attached.

a.

PV = 400 * [(1 - (1+0.1)^-10) / 0.1]

PV = $2457.826842 rounded off to $2457.83

b.

PV = 200 * [(1 - (1+0.05)^-5) / 0.05]

PV = $865.8953341 rounded off to $865.90

c.

PV = 400 * [(1 - (1+0.0)^-5) / 0.0]

PV = $400

d.

PV = 400 * [(1 - (1+0.1)^-10) / 0.1] * (1+0.1)

PV = $2703.609527 rounded off to $2703.61

PV = 200 * [(1 - (1+0.05)^-5) / 0.05] * (1+0.05)

PV = $909.1901008 rounded off to $909.19

PV = 400 * [(1 - (1+0.1)^-10) / 0.1]

PV = $400

Another bank is also offering favorable terms, so Rahul decides to take a loan of $12,000 from this bank. He signs the loan contract at 5% compounded daily for 12 months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan's term

Answers

Answer:

$12,615.21

Explanation:

we need to determine the future value of the loan:

future value = present value x (1 + interest rate)ⁿ

present value = $12,000n = 365 days (compounded daily)interest rate = 5% / 365 days = 0.05/365 = 0.000136986

future value = $12,000 x (1 + 0.000136986)³⁶⁵ = $12,000 x 1.051267496 = $12,615.21

Companies increasingly strive to achieve the ______ performance when formulating their corporate strategy.

Answers

Answer:

triple bottom line

Explanation:

Companies increasingly strive to achieve the triple bottom line performance when formulating their corporate strategy. The triple bottom line (TBL) is a framework used in business that focuses on equally on social/environmental concerns as well as profits, thus creating three equal points of interest (bottom lines) which are profit, people, and the environment. This leads to a successful and balanced company.

Why would a large publically traded corporation likely prefer issuing bonds as a way to raise new money as opposed to issuing more shares

Answers

Answer: B. more shares will dilute the existing value of the stock, causing its market price to fall

Explanation:

The company is already Publicly traded. If it were to issue more stock it would increased the amount of stock it has in the market which will lead to the prices reducing from a high amount of supply.

Companies generally do not want their stock prices to decrease as it sends negative signals to investors as well as the fact that management's role is to try to increase Shareholder wealth.

They will therefore rather issue bonds than risk their stock prices reducing in price.

Tru-U stock is selling for $41 a share. A 6-month call on Tru-U stock with a strike price of $45 is priced at $1.60. Risk-free assets are currently returning .29 percent per month. What is the price of a 6-month put on Tru-U stock with a strike price of $45?

Answers

Answer:

$4.82

Explanation:

Calculation for the price of the 6-month put on Tru-U stock

To find the price of a 6-month put on Tru-U stock with a strike price of $45 we are going to use Put-call parity formula to calculate it

Using this formula

Put-call parity: S + P = C + PV(E) P

Let plug in the formula

Put-call parity= $1.60 + ($45 / 1.0029^⁶) - $41 = Put-call parity=$1.60+($45/1.01752)-$41

Put-call parity=$1.60+(44.22517)-$41

Put-call parity=$45.82517-$41

Put-call parity=$4.82

Therefore the price of a 6-month put on Tru-U stock with a strike price of $45 will be $4.82

Barnes Company purchased $58,000 of 10.0% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment?
a) debit Unrealized Gain-Equity, $2,900; credit Cash, $2,900.
b) debt Cash, $2,900; credit Long-Term Investments-HTM, $2,900.
c) debit Cash, $2,900; credit Interest Revenue, $2,900.
d) debit Cash, $5,800; credit Unrealized Gain-Equity, $5,800.
e) debit Cash, $5,800; credit Long-Term Investments-HTM, $5,800.

Answers

Answer:

Option B,debt Cash, $2,900; credit Long-Term Investments-HTM, $2,900,is correct

Explanation:

Semiannual interest on the bond can be computed using the below semiannual interest formula:

semiannual interest=face value*coupon rate*6/12

face value is $58000

The coupon rate is 10%

semiannual interest=$58000*10%*6/12=$2900

The receipt of $2900 semiannual interest would be debited to cash while also being credited to Long-Term investments-HTM

J.C Coats Inc. carefully develops standards for its coat making operation. Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $50 per square yard. The actual price for the wool was $38 and the usage was only 1.6 yards of wool per coat. What would be the standard cost per output for the​ wool?

Answers

Answer:

$100 per coat

Explanation:

Standard ;

Wool required = 2 yard square per coat

Budgeted price = $50 per square yard

Therefore,

We will need to multiply the total direct material quantity per unit for its unitary cost in order to arrive at the standard cost per unit.

Total standard cost per coat = Wool per coat × Cost per square yard,

= 2 × $50

= $100 per coat

Determine the uniform annual value for the cash flow below at an interest rate of 11% per year.
Year 0 1 2 3 4 5 6 7 8 9
Cash Flow, 0 $ 30,000 30,000 30,000 30,000 45,000 45,000 45,000 45,000 45,000
a. $38,474
b. $37,744
c. $36,595
d. $39,595

Answers

Answer:

$36,595

Explanation:

The computation of the uniform annual value is shown below:;

Before that we need to find out the present worth which is

= $30,000 × (P/A , 11%, 4) + $45,000 × (P/A , 11%, 4) × (P/F , 11%, 4)

= $30,000 × (3.1025) + $45,000 × (3.69590) (0.65873)

= $202,630.51

Now the annual worth is

= Present value × (A/P, 11%,9)

= $202,630.51 × 0.18060

= $36,595

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