Answer: 47.8 years
Explanation:
Jack is trying to make up to $330,000 from $50,680 at a rate of 4% in the future so the relevant formula is a future value formula.
330,000 = 50,680 * ( 1 + 4%) ^ number of years
1.04 ^ number of years = 330,000 / 50,680
1.04 ^ N = 6.5114
Use the Natural logarithm, In, to solve for N
N * In (1.04) = In (6.5114)
N * 0.0392 = 1.87356
N = 1.87356/ 0.0392
= 47.8 years
Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 29,000 $ 24,000 Finished goods $ 58,000 $ 62,000 Additional information: Direct materials $ 69,000 Direct labor cost $ 99,000 Manufacturing overhead cost incurred $ 75,000 Manufacturing overhead cost applied to Work in Process $ 73,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is:
Answer:
cost of goods manufactured= $246,000
Explanation:
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 29,000 + 69,000 + 99,000 + 73,000 - 24,000
cost of goods manufactured= $246,000
Zhang Industries is preparing a cash budget for June. The company has $29,500 cash at the beginning of June and anticipates $98,000 in cash receipts and $122,540 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $23,000 cash balance.
Answer:
Amount to be borrowed $18,040
Explanation:
The computation of the amount that should be borrowed is given below:
Opening cash balance $29,500
Add Cash Receipts $98,000
Less Cash Disbursements -$122,540
Balance before adjustment $4,960
Desired ending cash balance $23,000
Amount to be borrowed $18,040
At December 31, before adjusting and closing the accounts had occurred, the Allowance for Doubtful Accounts of Seaboard Corporation showed a debit balance of $3,200. An aging of the accounts receivable indicated the amount probably uncollectible to be $2,100. Given this information, write the year-end adjusting entry for Seaboard Corporation in Journal Entry format.
Answer:
Debit to Uncollectible Accounts Expense of $5,300.
Explanation:
Based on the information given the year-end adjusting entry for Seaboard Corporation in Journal Entry format will be DEBIT TO UNCOLLECTIBLE ACCOUNTS EXPENSES OF $5,300.
Uncollectible Accounts Expense=Allowance for Doubtful Accounts +Accounts receivable Uncollectible
Uncollectible Accounts Expense=$3,200+$2,100
Uncollectible Accounts Expense=$5,300
Walt Bach Company has accumulated the following budget data for the year 2019.
Sales: 40,000 units, unit selling price $55.
Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $16 per hour, and manufacturing overhead $6 per direct labor hour.
Inventories (raw materials only): Beginning, 10,000 pounds; ending, 15,000 pounds.
Selling and administrative expenses: $200,000.
Income taxes: 30% of income before income taxes.
Instructions
(a) Prepare a schedule showing the computation of cost of goods sold for 2013.
(b) Prepare a budgeted income statement for 2013.
Answer:
Walt Bach Company
a) Schedule of Cost of Goods Sold
Direct materials = $400,000 (2*$5*40,000)
Direct labor = 960,000 (1.5*$16*40,000)
Manufacturing overhead = 360,000 ($6*60,000)
Total cost of goods sold = $1,720,000
b) Budgeted Income Statement for 2013
Sales Revenue $2,200,000
Cost of goods sold (1,720,000)
Gross profit $480,000
Selling and admin. exp. 200,000
Income before tax $280,000
Income tax (30%) (84,000)
Net income $196,000
Explanation:
a) Budget Data and Calculations:
Sales: 40,000 units, unit selling price $55, Revenue = $2,200,000
Cost of one unit of finished goods:
Direct materials 2 pounds at $5 per pound = $400,000 (2*$5*40,000)
Direct labor 1.5 hours at $16 per hour = $960,000 (1.5*$16*40,000)
Manufacturing overhead $6 per direct labor hour = $360,000 ($6*60,000)
Inventories (raw materials only):
Beginning, 10,000 pounds;
Ending, 15,000 pounds.
Selling and administrative expenses: $200,000.
Income taxes: 30% of income before income taxes.
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). He is indifferent between the bundles: A=(2W,1P) and B=(1W,2P). He is offered a third bundle C=(1.5W,1.5P). Based on the preference assumptions, what might we say about Dana's preferences for C relative to A or B?A. Dana might prefer C to A, and C to B.B. Dana might prefer C to A, and A to B.C. Dana might prefer C to A, and B to C.D. Dana might prefer A to C, and B to C.E. Dana might be indifferent between C, A, and B.
Answer:
The correct option is Dana might be indifferent between C, A, and B.
Explanation:
Note: See the attached photo for the indifference curve showing points A, B and C.
The answer can be explained using an indifference curve.
An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.
In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.
Therefore, the correct option is Dana might be indifferent between C, A, and B.
Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.01 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue$332,000$233,000$311,000 Cost of goods sold 204,000 116,000 183,000 Miscellaneous operating expenses 36,000 30,000 33,000 Average invested assets 1,310,000 920,000 1,105,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division.
Answer and Explanation:
The computation is shown below:
1. The return on investment is
As we know that
Return on Investment = Net operating profit ÷ average invested assets × 100
But before that the Net Operating Profit should be determined
Particulars Peak View Grand
Sales revenue $332,000 $233,000 $311,000
Less: Cost of
goods sold ($204,000) ($116,000) ($183,000)
Miscellaneous
operating Expenses ($36,000) ($30,000) ($33,000)
Net Profit $92,000 $87,000 $95,000
Now
Return on Investment is
For peak, it is
= $92,000 ÷ $1,310,000
= 7.02%
for view, it is
= $87,000 ÷ $920,000
= 9.46%
for grand, it is
= $95,000 ÷ $1,105,000
= 8.60%
2. The residual income is
We know that
Residual Income = Net operating income - (Minimum required rate of return × average invested assets)
For Peak, it is
= ($92,000 - (5.01% of $1,310,000)
= $26,369
For view, it is
= ($87,000 - (5.01% of $920,000)
= $40,908
And, for grand, it is
= ($95,000 - (5.01% of $1,105,000)
= $39,640
Fallow Corporation has two separate profit centers. The following information is available for the most recent year: West Division East Division Sales (net) $390,000 $540,000 Salary expense 45,000 59,000 Cost of goods sold 137,000 251,000 The West Division occupies 9,750 square feet in the plant. The East Division occupies 5,850 square feet. Rent, which was $ 78,000 for the year, is an indirect expense and is allocated based on square footage. Compute operating income for the West Division.
Answer: $159250
Explanation:
The operating income for the West Division will be calculated thus:
Sales = $390000
Less: Cost of goods sold = $137000
Less: Salary = $45000
Less: Rent = $48750
Operating Income = $159250
Rent was calculated as:
= $78000 × 9750/(9750 + 5850)
= $78000 × 9750/15600
= $48750
Forte Co., had 5,900 units of work in process on April 1 that were 70% complete. During April, 18,000 units were started and as of April 30, 5,400 units that were 40% complete remained in production. How many units were completed during April
Answer:
18,500 units
Explanation:
We simply use the physical units to determine the units completed
Units completed = Units in opening inventory + units started - units in ending inventory
therefore,
Units completed = 5,900 + 18,000 - 5,400 = 18,500
therefore,
Units completed during April amount to 18,500
Why do people establish their own business?
Answer:
financial freedom
Explanation:
the reasons people start their own business is usually because they desire financial freedom meaning they would like have more disposable resources for themselves.
significant of working capital
Answer:
Working capital serves as a metric for how efficiently a company is operating and how financially stable it is in the short-term. The working capital ratio, which divides current assets by current liabilities, indicates whether a company has adequate cash flow to cover short-term debts and expenses.Explanation:
www.investopedia.com > answers#CARRYONLEARNINGAfter all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the debit and credit columns show debits of $28,480 and credits of $38,055. This indicates that a.the company has a net income of $9,575 for the period. b.neither net income or loss can be calculated because it is found on the income statement c.the amounts are out of balance and need to be corrected. d.the company has a net loss of $9,575 for the period.
Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit. Increase Decrease Normal Balance Balance sheet accounts: Asset Credit Liability Credit Stockholders' equity: Common Stock Credit Retained Earnings Credit Dividends Debit Credit Income statement accounts: Revenue
The table represents the normal debit balance of the following accounts also the increment or decrement related to these accounts is as follows:
The following information should be considered:
The asset, dividend & expenses contains the normal debit balance. And, the liability & equity should contain the normal credit balance.Particulars Increase decrease normal balance
Asset debit credit debit
liability credit debit credit
common stock credit debit credit
retained earnings credit debit credit
dividend debit credit debit
revenue credit debit credit
expense debit credit debit
In this way, the above table should be presented.
Learn more about the debit here: brainly.com/question/12269231
During the busiest season of the year, your customer support center receives a higher call volume than planned. However, you can't hire more staff. how would you address the extra volume?
A tell your team to take their calls more quickly
B split shifts with the management team to take on some of the extra volume
C mandate that everyone on the team works overtime
Fund financial statements have separate columns for each activity. Which activities are reported in this manner
Answer: See explanation
Explanation:
Fund financial statements are the statements whereby the information about major funds are presented individually. The funds will then be reported based on the basis of accounting that is required for that particular fund type.
For the governmental funds, it should be noted that there'll be a separate column for
(a) the General Fund
(b) any other fund which qualifies as major
(c) all the remaining funds that are accumulated as a whole.
Following the imposition of a price floor $2 above the equilibrium price, irate buyers convince Congress to repeal the price floor and to impose a price ceiling $1 below the former price floor. The resulting shortage is
Answer:
$3
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
Shortage = $12 - $9 = $3
5.Which of the following is a valid Excel formula?
a) =C4*D4
b) B4*D4
c) Both =C4* and B4*D4
d) Neither =C4* nor B4*D4
The idea of rational expectations suggests that :_________
a) It is unrealistic for Congress to balance the federal budget during a recession.
b) Discretionary policies and fine-tuning can move the economy to full employment.
c) Economic policies are ineffective if the policies are anticipated.
Answer:C
Explanation:The theory believes that because people make decisions based on the available information at hand combined with their past experiences, most of the time their decisions will be correct.
The majority of the public would consider it unethical to increase executive salaries significantly while minimum wage employees struggle to pay basic bills, making Walmart’s pay decisions partly dependent on Multiple Choice social consensus. magnitude of consequences. temporal immediacy. concentration of effect. probability of effect.
Answer:
social consensus
Explanation:
Social consensus determined how much agreement should be there due to which the act i.e. proposed should become non-ethical. Also it represent the dimension of the social pressure that should be applied for gauge the moral intensity
So as per the given situation, the above should be the answer and the same should be considered
Machines J and K have the following investment and operating costs: Year 0 1 2 3 J 11000 1200 1300 K 13000 1200 1300 1400 Which machine is a better buy at a WACC of 10.5%
Answer:
Machine K
Explanation:
The values can be better computed as:
Year 0 1 2 3
J 11000 1200 1`300
K 13000 1200 1300 1400
Using the PV Calculator
The Present Value (PV) for each year in Machine J is as follows:
Cashflow Year Present Value
11000 0 11000
1200 1 1085.97
1300 2 1064.68
Total 13,150.65
The effective annual cost = [tex]\dfrac{NPV\times r}{1-(1+r)^{-n}}[/tex]
[tex]=\dfrac{13150.65 \times 0.1050}{1-(1+0.1050)^{-2}}[/tex]
= $7628.16
Using the PV Calculator
The Present Value (PV) for each year in Machine K is as follows:
Cashflow Year Present Value
13000 0 13000
1200 1 1085.97
1300 2 1064.68
1400 3 1037.63
Total 16,188.28
The effective annual cost = [tex]\dfrac{NPV\times r}{1-(1+r)^{-n}}[/tex]
[tex]=\dfrac{16188.28 \times 0.1050}{1-(1+0.1050)^{-3}}[/tex]
= $6566.92
Therefore, machine K is better to buy than machine J.
A firm is offered credit terms of 2/10 net 45 by most of its suppliers. The firm also has a credit line available at a local bank at an interest rate of 12 percent. What is the cost of giving up the cash discount
Answer:
21.28%
Explanation:
Note: Assuming 365 day year
Cost of giving up cash discount = [Discount rate / (1-Discount rate)] * 365 / [Credit period - Discount period]
Cost of giving up cash discount = [0.02/(1-0.02)] * [365/(45-10)]
Cost of giving up cash discount = [0.02/0.98] * [365/35]
Cost of giving up cash discount = 0.0204082 * 10.42857
Cost of giving up cash discount = 0.212828
Cost of giving up cash discount = 21.28%
J&H Corp. recently hired Jeffrey. His immediate mandate was to analyze the company. He has to submit a report on the company's operational efficiency and estimate potential investment in working capital. He has the income statement from last year and the following information from the company's financial reports as well as some industry averages.
Last year, J&H Corp. reported a book value of $500 million in current assets, of which 20% is cash, 22% is short-term investments, and the rest is accounts receivable and inventory
The company reported $425.0 million of current liabilities including accounts payable and accruals. Interestingly, the company had no notes payable claims last year. There were no changes in the accounts payables during the reporting period
The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $800 million in long-term assets last year
Income Statement For the Year Ended on December 31 (Millions of dollars)
Industry &H Corp Average $4,875 3,900 195 4,095 $780 Net sales $3,900 3,120 156 3,276 $624 62 $562 225 $337 Operating costs, except depreciation and amortization Depreciation and amortization Total operating costs Operating income (or EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes (40%) Net income $663 265 $398
Based on the information given to Jeffrey, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Which of the following statements in his report are true?
a. The company is using-$35.0 million in net operating working capital acquired by investor-supplied funds
b. J&H Corp.'s NOPAT is $374.4 million, which is lower than the industry average of $468.0 million
c. J&H Corp. has $110.0 million in nonoperating assets.
d. The firm uses $765.0 million of total net operating capital to run the business.
e. J&H Corp.'s net operating working capital is $75.0 million.
Answer:
c. J&H Corp. has $110 million in non operating assets.
e. J&H Corp's net operating working capital is $75 million.
Explanation:
NOPAT = EBIT ( 1 - Tax)
Tax is 40%
NOPAT = 663 * 60% = $698
Total currents assets $500 million and long term assets are 800 million.
The non Operating assets are 22% which is $110 million.
Net operating working capital = Current assets - Current liabilities
Net operating Working capital = 500 - 425 = $75 million.
How will new entrants in the perfect competitive market impact on the
profit levels of existing businesses?
Answer:
negative
Explanation:
as the profits are determined by the quantity it will lead to many competitor's
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Required:
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by listing the number and a "D" for direct or an "I" for indirect. For example: 1D, 2D, etc.
a. The wages of pediatric nurses / The pediatric department
b. Prescription drugs / A particular patient
c. Heating the hospital / The pediatric patient
d. The salary of the head of pediatrics / The pediatric patient
e. The salary of the head of pediatrics / The particular pediatric patient
f. Hospital chaplain's salary / A particular patient
g. Lab tests by outside contractor / A particular patient
h. Lab tests by outside contractor / A particular department
Answer:
Northwest Hospital
aD
bD
cI
dI
eI
fI
gD
hD
Explanation:
Direct costs are costs that are directly traceable to the production of goods and services and can be identified with a unit of production. While direct costs are usually variable, some direct costs can be fixed.
Indirect costs are costs that support the operation of the company. They cannot be traced to any unit of production. Similarly, some indirect costs are variable while others are fixed.
2x + y= 4 find the value of y using substitution method
Answer:
Correct option is
A
11
−4
and
11
−10
x+4y=−4 ------- (1)
2x−3y=2 ------ (2)
From equation 1:
4y=−4−x
y=
4
−4−x
Substitute the value of y in equation 2:
2x−3y=2
2x−3(
4
−4−x
)=2
8x+12+3x=8
11x=812
11x=−4
x=
11
−4
Now, Substitute x=
11
−4
in equation 1:
x+4y=−4
11
−4
+4y=−4
−4+44y=−44
44y=−44+4
44y=−40
y=
44
−40
=
11
−10
Therefore the solution is: x=
11
−4
and y=
11
−10
MC Qu. 123 The ending inventory of finished... The ending inventory of finished goods has a total cost of $9,800 and consists of 700 units. If the overhead applied to these goods is $3,726, and the overhead rate is 81% of direct labor, how much direct materials cost was incurred in producing these units
Answer:
$5,200
Explanation:
Given the above information,
Direct labor = $3,726 / 0.81 = $4,600
But,
Total cost = Direct material + Direct labor + Overhead
Fixing the values, we'll have
$9,800 = Direct materials + $4,600 + $3,726
Direct materials = $9,800 - $4,600
Direct materials = $5,200
Therefore $5,200 raw materials cost was incurred in producing these units.
Journalize the six December 31 adjusting entries for Cole Designs that adjusted the accounts to arrive at the financial statements in the Adjusted Financial Statements panel. Refer to the Chart of Accounts for exact wording of account titles. Journalize each adjustment as a separate entry.
Cole Designs
Income Statement
For the Year Ended December 31, 2018
Fees earned $77,000.00
Expenses:
Wages expense $47,200.00
Supplies expense 3,515.00
Insurance expense 2,900.00
Depreciation expense 2,000.00
Total expenses 55,615.00
Net income $21,385.00
CHART OF ACCOUNTS
Cole Designs
General Ledger
ASSETS
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
LIABILITIES
Wages Payable
Unearned Fees
EQUITY
Ann Cole, Capital
Ann Cole, Drawing
REVENUE
Fees Earned
EXPENSES
Wages Expense
Supplies Expense
Insurance Expense
Depreciation Expense
Answer:
1- Accounts Receivable (Dr.) $500
Fees Earned (Cr.) $500
2- Unearned Fees (Dr.) $4,500
Accounts Receivable (Cr.) $4,500
3- Insurance Expense (Dr.) $1,600
Prepaid Insurance (Cr.) $1,600
4- Depreciation Expense (Dr.) $1,700
Accumulated Depreciation (Cr.) $ 1,700
5- Office Supplies Expense (Dr.) $3,530
Office Supplies (Cr.) $3,530
6- Wages Expense (Dr.) $1,850
Wages Payable (Cr.) $1,850
Explanation:
Adjusting entries are prepared at the month end to adjust the transaction which occur after the recording or if there is any change in already recorded transaction. The liabilities and assets accounts are adjusted at the month end to reflect true expense or liability.
Which of these is a sign that you’re dealing with someone engaged and unfair lending
Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.
Financial Math
Q197948
7 hours 18 min
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Start working$1
Archive Tasks & Questions are stored in archive for 14 days
Biochemistry
Q200749
Deadline passed
2) Why are the ratios of OD260/OD280 and OD260/OD280 for clean nucleic acids about 2.0? Show your answer by drawing and explaining a DNA absorbance spectrum from 200 to 300 nm. Which type of contaminations can you detect with these measurements?
Answer approved2$1
Finance
Q199880
Deadline passed
Walter and Gordon model analyse the impact of distribution of dividends on the valuation of the firm but the formula used in both the cases are different. Company
ABC Ltd wanted to evaluate the price of the share in both cases. The company earns ₹ 50 per share and expects the same for the next year. The cost of capital to the firm is 11%. The company earns return on investment of 15% and the firm is planning dividend payout ratio of 60%. Calculate:
a. Price of the share using Walter Model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether dividend is to be declared or not.
b. Price of the share using Gordon model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether
dividend is to be declared or not.
You are declined.Your offer: $1
Financial Math
Q196935
Deadline passed
A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount that should be deposited now so that R250 can be withdrawn at the end of every six months for the next ten years is
[1] R3 144,47.
[2] R6 386,16.
[3] R1 930,43.
[4] R3 897,29.
[5] none of the above
You are declined.3Your offer: $1
Financial Math
Q198898
Deadline passed
Mr Mahlangu invests R20000 to play lobola. After 48 months he receives 65000. The interest on the investment is compounded quarterly. Determine the yearly interest rate at which money was invested. Give your answer as a percentage rounded to two decimal places.
You are declined.3Your offer: $1
Biochemistry
Q198087
Deadline passed
11. Indicate which type of bonds are involved in the following
a. Formation of the primary structure of a protein
b. Stabilization of the alpha helix and beta pleated sheet structures of proteins
12.Identify the biomolecular composition of the following cells
a.Endoplasmic reticulum
b.Mitochondria
c.Cytoskeleton
d. Nucleus
13 Under aerobic catabolism of glucose ,in which compartment of the eukaryotic cell does the following reaction occurs?
a conversion of pyruvate to acetyl CoA
b.conversion of succinyl -CoA to succinate
c.conversion ofNADH to ATP.
d.conversion of phosphologlycerate to phosphoenolpyruvate.
14. Briefly outline how ATP is generated from glucose in the absence of oxygen. What is the importance of this pathway?
15. Briefly explain the process by which excess dietary carbohydrates and lipids are stored in the human body
Answer approved2$1
Financial Math
Q197948
Deadline: 03.06.21, 14:15
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Answer:
gggggggggggggggggggg
Mystery, Inc. is contemplating selling bonds. The issue is to be composed of 800 bonds, each with a face amount of $750. How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par
Answer:
$570,000
Explanation:
Calculation to determine How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par
Using this formula
Total Amount borrowed=Bonds*Face value*95% of par
Let plug in the formula
Total Amount borrowed=800*$750*0.95
Total Amount borrowed=$570,000
Therefore the amount the Mystery, Inc. will be able to borrow (in total) if each bond is sold at 95% of par is $570,000
Last year Baron Enterprises had $350 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets
Answer:
$188.46 million
Explanation:
Firstly, calculate sales at full capacity
Sales at full capacity = Sales at current capacity / % of capacity
Sales at full capacity = $350 million / 0.65
Sales at full capacity = $538.46 million
Increase in sales without increase in fixed assets = Sales at full capacity - Sales at current capacity
Increase in sales without increase in fixed assets = $538.46 million - $350 million
Increase in sales without increase in fixed assets = $188.46 million