A mail-order house uses 18,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies. Determine: a. The optimal order quantity. b. The number of orders per year.

Answers

Answer 1

Answer:

Hie, the price schedule is missing from your question however the important principles are explained below.

a. The optimal order quantity

Optimum order quantity is the order level that results in minimum ordering costs and holding costs.

Optimum order quantity  = √ (2 × Annual Demand × Cost per order) / holding cost per unit

                                         

b. The number of orders per year.

orders per year = Annual Demand / optimal order quantity

This calculates the number of orders to be placed during the year at the optimum order quantity.

                         


Related Questions

Denominator hours for May 15,000 Actual hours worked during May 14,000 Standard hours allowed for May 12,000 Flexible budget fixed overhead cost $45,000 Actual fixed overhead costs for May $48,000 Danske Company had total underapplied overhead of $15,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed $42,000 Budgeted based on standard direct labor hours 38,000 Fixed Overhead: Applied based on standard direct labor hours allowed $30,000 Budgeted based on standard direct labor hours 27,000 What is the actual total overhead for the period?

Answers

Answer:

$87,000

Explanation:

As per given data

Actual hours = 15,000 hours

Standard hours = 14,000 hours

Standard hours allowed = 12,000 hours

Flexible budget fixed overhead cost = $45,000

Actual fixed overhead costs = $48,000

Underapplied overhead = $15,000

Variable Overhead:

Applied based on standard direct labor hours allowed = $42,000

Budgeted based on standard direct labor hours = 38,000 hours

Fixed Overhead:

Applied based on standard direct labor hours allowed = $30,000

Budgeted based on standard direct labor hours = 27,000 hours

Total Overhead is the sum of all the variable and fixed overheads applied to the products and under / over applied overheads.

Applied overheads are the amount of overheads applied using actual activity and standard rate.

Actual Overheads = Applied variable overheads + Applied fixed overheads + under applied overheads

Placing values in the formula

Actual Overheads = $42,000 + $30,000 + $15,000

Actual Overheads = $87,000

Shelton Co. purchased a parcel of land six years ago for $873,500. At that time, the firm invested $145,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54,000 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $925,000. What value should be included in the initial cost of the warehouse project for the use of this land?

Answers

Answer:

$925,000

Explanation:

The value of the land that would be included in the initial cost of the warehouse is it market value of $925,000 which the land currently commands.

The rationale for this are numerous:

Firstly,if the land was not previously owned by Shelton Co, would have to purchase a similar land at its market value.

Secondly, if the land was not deployed to the project, it could be sold now for cash at $925,000

g A decrease in the price of a good would a. increase the supply of the good. b. increase the quantity demanded of the good. c. give producers an incentive to produce more to keep profits from falling. d. shift the supply curve for the good to the left.

Answers

Answer:

. b. increase the quantity demanded of the good

Explanation:

An decrease in the price of the good increases the demand for the good according to the law of demand.

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

An increase in price would increase supply.

A change in price leads to a movement along either the demand or supply curve.

Other factors other than the change in price leads to a movement of these curves.

I hope my answer helps you

Answer:

A decrease in the price of a good would increase the supply of the good.

A decrease in the price of a good would NOT increase the quantity demanded of the good.

A decrease in the price of a good would NOT give producers an incentive to produce more to keep profits from falling.

A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches an estimated 18,500 viewers. Which medium provides the lowest CPM?


a. The radio commercial
b. The cable commercial
c. The radio and cable commercials have the same CPM
d. The CPM cannot be calculated given the limited information provided
e. None of the above

Answers

Answer:

b. The cable commercial

Explanation:

CPM or cost per mille is a measure used in advertising to determine how effectively a promotional message is getting to its audience. It is the cost of getting an advert in front of 1,000 people.

In this scenario when we calculate CPM for the radio station

$600 = 10,250 listeners

x= 1,000 listeners

Cross multiply

x= (600 * 1,000) ÷ 10,250 = $58.54

For the local cable commercial

$1000 = 18,500 viewers

y = 1,000 viewers

Cross multiply

y= (1,000 * 1,000) ÷ 18,500= $54.05

Presented below is information related to Marin Company. Cost Retail Beginning inventory $103,820 $278,000 Purchases 1,402,000 2,152,000 Markups 93,600 Markup cancellations 13,900 Markdowns 34,600 Markdown cancellations 5,000 Sales revenue 2,206,000 Compute the inventory by the conventional retail inventory method.

Answers

Answer:

The ending inventory for Marin comapny is $1664460

Explanation:

Solution

An Inventory is computed by using the conventional retail inventory method. which is statted belwo:

Inventory computed  for Marin Company

                                                            Cost              Retail

Beginning of Inventory                 $103,820           $278,000

Purchases                                      1,402,000          2,152,000

Total                                               1505820            243,000

Add: Net Markups

Markups                                                                    93,600

Markup cancellations                                             -13,900

                                                                                 79700

Total                                               1505820            2509700

Deduct: Net Markdown

Markdown                                                                 34,600

Markdown cancellation                                           -5,000

                                                                                  29,600

Sales price of goods                                                2480100

Sales revenue                                                           2,206,000

The retail ending is                                                   274,100

Thus,

The retail cost ratio is =  1505820 /2509700 = 60%

Hence, the cost of Ending inventory becomes =  274,100 * 60%

= $1664460.                                                  

1. Investment in the business= $17,010
2. Borrow cash= $7620
3. Purchase equipment= the list price was $8700 but the final price was $8300
4. Revenues earned = $298,600, the cash has been collected from the customers for all revenue earned
5. Expenses incurred= total $210,900 during the same year, all expenses paid in cash
6. Dividens= end of each quarter, the company distributed cash to stockholders, the sum of those quarterly distributions was $15,000
Consider the following transactions for Thomas Company and their effect ont he accounting equation. Determine the new balance for each component of the accounting equation from the transactioon. If an amount box does not require an entry, leave it blank.
Transaction Assets =Liabilities Stockholders' Equity
Beginning $0 $0 $0
1. Investment in the business $17,160 17160
2. Borrow cash $7940 7940 7940
3. Purchase equipment 8600 7940 660
4. Revenues earned 29860 0 29860
5. Expenses incurred 210800 103660
6. Dividends 14200 88460

Answers

Answer & Explanation:

                               Assets         =         Capital        +         Liabilities

1) Investment         Cash (+17...)            (+17160)

2) Borrowings       Cash (+7...)                                            Loan (+7...)

3) Purchase          Cash (-price paid)     + Gain

                            Equip (+final price)      (final - price paid)

4) Revenue          Cash (+298...)                Income (+298...)  

5) Expense           Cash (-210...)                 Expense (-210...)

3)* Price paid = 8700 or 8600 , Final price = 8300 or 7940 , Gain (Discount received) = 8700 - 8300 ie 400 (or) 8600 - 7940 = 660

The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product ​ Number of units ​ Labor hrs per unit ​ Machine hours per unit Blinks 1,000 4 5 Dinks 2,000 2 8 ​ All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. ​ The Ramapo Company uses a single overhead rate to apply all overhead costs based on labor hours. What is the Single Plantwide Factory Overhead Rate for Blinks? Group of answer choices $19.50 $37.45 $78.00 $56.00

Answers

Answer:

Single Overhead Absorption rate = $19.5  per hour

Explanation:

Overhead absorption rate = Estimate overhead /Estimated labor hours

Estimated overhead = $84,000 + $72,000= 156 000

Estimated labour hours= ( 1000×4) + (2000× 2)=8,000 hours

Overhead absorption rate = 156,000/8,000 hours =$19.5  per hour

Single Overhead Absorption rate = $19.5  per hour

Rick is planning to invest the following amounts at 7 percent: $254 at the end of year 1, $412 at the end of year 2, and $1,230 at the end of year 3. How much money will he have saved at the end of year 3

Answers

Answer:

$1,961.65

Explanation:

The formula for finding future value :

FV = P (1+r)^n

P = Present value

R = interest rate

N = number of years

First step is to find the present value of the cash flows.

PV can be found using a financial calculator

Cash flow in year 1 = $254

Cash flow in year 2 = $412

Cash flow in year 3 = $1,230

I = 7%

Present value = $1,601.29

I would now input the value of p in the FV formula

$1,601.29 ( 1 + 0.07) ^3 = $1,961.65

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

. Eric has another​ get-rich-quick idea, but needs funding to support it. He chooses an​ all-debt funding scenario. He will borrow ​$1 comma 823 from​ Wendy, who will charge him 4​% on the loan. He will also borrow ​$1 comma 533 from​ Bebe, who will charge him 6​% on the​ loan, and ​$644 from​ Shelly, who will charge him 12​% on the loan. What is the weighted average cost of capital for​ Eric? What is the weighted average cost of capital for​ Eric?

Answers

Answer:

6.04%

Explanation:

The weighted average cost of capital (WACC) can be described as the average rate that is expected that a business will pay to finance its assets to all holders of its security.

The weighted average cost of capital (WACC) can be estimated as the summation of the products of the weight of each loan in the total loan and their interest rate for this question as follows:

Total loan amount = $1,823 + $1,533 + $644 = 4,000

Weight of loan from Wendy = $1,823 / $4,000 = 0.46, or 46%

Weight of loan from Bebe = $1,533 / $4,000 = 0.38, or 38%

Weight of loan from Shelly = $644 / $4,000 = 0.16, or 16%

Weighted average cost of capital  = (46% * 4%) + (38% * 6%) + (16% * 12%) = 6.04%.

Therefore, the weighted average cost of capital for​ Eric is 6.04%.

Identifying Cost Drivers in an ABC system
Patterson makes electronic components for handheld games and has identified several activities as components of manufacturing overhead: factory rent, factory utilities, quality inspections, materials handling, machine setup, employee training, machine maintenance, inventory security costs, and supervisor salaries. For each activity that Patterson has identified, choose a cost driver to allocate that cost. Explain your reasoning.

Answers

Answer:

Factory Rent : No of days worked

Factory Utilities: Units of utility consumed

Quality Inspection : Hours of inspection on production run

Material Handling :  No of orders received

Machine Setup : Machine hours

Employee Training : Hours worked

Machine Maintenance : Machine hours used

Inventory Security Costs : Finished goods units

Supervisor Salary : No of workers

Explanation:

A cost driver is unit of activity on which cost is allocated. Cost driver is considered as a direct cause of the cost. In ABC costing cost are allocated to the goods based on the cost drivers.

Computing investing cash flows
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) Sold a truck costing $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. Purchased stock investments for $17,600 cash. The purchaser believes the stock is worth at least $33,200.

Answers

Answer: Please refer to Explanation

Explanation:

The Cash Flow Statement was created to ensure that businesses would know just how much hard cash they actually have. This Statement is therefore different from others in that in only records cash when it has been received and/or disbursed thus making it easier for a company to know how much cash it has.

The Investing Section of the Cashflow statement deals with fixed assets as well as transactions involving securities and bonds of other entities as those are investments.

When cash is spent on these transactions it is a Cash Outflow and is therefore subtracted.

When cash is received from such transactions it is considered a cash inflow and is added.

Effects of Above Transactions.

Sold a Truck for $11,200. This will INCREASE the Investing Cash Flow by $11,200.

Sold a Machine for $8,200. This will INCREASE the Investing Cash Flow by $8,200.

Purchased stock investments for $17,600 cash. This will DECREASE the Investing Cash Flow by -$17,600 as it was a cash Outflow.

The Investing Section of the Cash Flow Statement will look like,

Sold a Truck $11,200

Sold a Machine $8,200

Purchased stock investments -$17,600

Net Cashflow from Investing Activities $1,800

Frances loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $700 in her local bank, which pays her 9% annual interest. Frances decides that she will continue to do this for the next 5 years. Frances’s savings are an example of an annuity. How much will she save by the end of 5 years, rounded to the nearest whole dollar?

Answers

Answer:

Future Value= $4,189.30

Explanation:

Giving the following information:

Investment= $700 annual

Interest rate= 9%

Frances decides that she will continue to do this for the next 5 years.

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {700*[(1.09^5)-1]} / 0.09

FV= $4,189.30

Kenrick Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts equipment expense and indirect labor to three activity cost pools Processing, Supervising and Other based on resource consumption. Data to perform these allocations appear below.
Overhead costs
Equipment expense $18,000
Indirect labor $2,000
Distribution of Resource Consumption Across activity cost pools
Activity Cost Pools
Processing Supervising Other
Equipment expense 0.10 0.30 0.60
Indirect labor 0.30 0.40 0.30
In the second stage. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products as follows.
Activity
MHs (Processing) Batches (Supervising)
Product U4 5,500 600
Product C7 4,500 1,400
Total 10,000 2,000
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
Sales and Direct Cost Data:
Product U4 Product C7
Sales (total) $58,400 $31,800
Direct materials (total) $26,900 $13,900
Direct labor (total) $25,000 $11,200
What is the product margin for Product U4 under activity-based costing?
a. $3,500
b. $6,500
c. $5,180
d. $3,320

Answers

Answer:

D.) $3320

Explanation:

Product margin = (Sales - direct labor - direct materials - overhead)

$(58400 - 26900 - 25000 - 3180) = $3,320

Check attached picture for detailed explanation

The balance sheet for Campbell Corporation follows:________.
Current assets $238,000
Long-term assets (net) 756,000
Total assets $994,000
Current liabilities $156,000
Long-term liabilities 444,000
Total liabilities 600,000
Common stock and retained earnings 394,000
Total liabilities and stockholders’ equity $994,000
Required Compute the following. (Round ""Ratios"" to 1 decimal place.)
a. Working Capital?
b. Current Ratio?
c. Debt to assets Ratio?
d. Debt to equity Ratio?

Answers

Answer:

a.

$82,000

b.

1.53

c.

0.6

d.

1.52

Explanation:

a.

Working capital is the net of current assets and current liabilities.

Working Capital = Current Asset - Current Liabilities

Placing values in the formula

Working Capital = $238,000 - $156,000

Working Capital = $82,000

b.

Current ratio is the ratio of current asset and liabilities.

Current Ratio = Current Assets / Current Liabilities

Placing values in the formula

Current Ratio = $238,000 / $156,000

Current Ratio = 1.53

c.

Debt to asset ratio is the ratio of debt to total assets of the company.

Debt to assets Ratio = Total Liabilities / Total Assets

Placing values in the formula

Debt to assets Ratio = $600,000 / $994,000

Debt to assets Ratio = 0.60

d.

Debt to equity ratio is the ratio of debt to equity of the company.

Debt to equity Ratio = Total Liabilities / equity

Placing values in the formula

Debt to equity Ratio = $600,000 / $394,000

Debt to equity Ratio = 1.52

Clipper Corporation is considering an investment of $70,000 in a project that will generate annual net operating income of $12,950. If the division planning to make the investment currently has a return on investment of 20% and its manager is evaluated based on the division's ROI, will the division manager be inclined to request funds to make this investment

Answers

Answer and Explanation:

The computation is shown below:

But before reaching any decision, first we have to find out the ROI for new investment which is

ROI of new investment = net operating income ÷ investment

= $12,950 ÷ $70,000

=  18.50%

Now

If investment taken place, then overall ROI is

= Total net operating income ÷ Total average operating assets

= ($380,000 + $12,950) ÷ ($2,000,000 + $70,000)

= 18.98%

As we can see that the overall ROI i.e 18.98% is less than the currently ROI i.e 20% so he should not recommend ROI as it is shows fallen

Why are z-scores useful?
A. They help us calculate average sales.
B. They assume a non-normal distribution
C. They let us compare variables with different scales
D. They allow us to calculate the percentage of profits

Answers

Answer:

[tex]\pi \: option \: a \: and \: c \: [/tex]

Explanation:

Hope it works out !!!

Within the relevant range, the variable cost per unit: remains constant as activity changes. increases as activity increases. decreases as activity increases. can increase or decrease as the activity changes.

Answers

Answer:

remains constant as activity changes.

Explanation:

The Variable Cost per unit is the actual production cost that is incurred in order to produce each unit that is affected by changes in the company's output or activity level. Within the relevant range, the variable cost per unit remains constant as activity changes, even though the total dollar amount varies in accordance to the various changes in the company's activity, the variable cost will stay constant on a per unit basis.

Someone is retiring next year.What would be an appropriate amount of risk to take with their investments?

Answers

In purchasing few properties depending on their budget which will provide them with allowance as income

6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. Funds spent by city governments to renovate their buildings The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The costs of air and water pollution The variety of goods available to consumers When a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of automotive parts from Canada causes in US GDP.

Answers

Answer:

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

The costs of air and water pollution

The variety of goods available to consumers

It increases investment spending by businesses

Decreasing net export

No change

Explanation:

Gross domestic product is the sum of the goods and services produced in an economy within a given period which is usually a year.

Gross domestic product calculated using the expenditure approach = Consumption spending + Investment spending + net export + government spending

Items not included in the calculation of GDP:

1. Intermediate goods

2. Externalities e.g. pollution

3. Measures of welfare available to individuals

4. Transactions not reported to the government.

Funds spent by city governments to renovate their buildings are included in GDP as part of investment spending.

Purchase of automative parts would be included in GDP as part of investment spending. So investment spending would rise. Also, it would be recorded as an import and import is a negative function of GDP and thus net export would decrease . As a result, the increase in investment spending would be offset by the decrease in net export and there would be no change in GDP

I hope my answer helps you

Gloria Rose works at College of Austin and is paid $ 30 per hour for a​ 40-hour workweek and​ time-and-a-half for hours above 40. LOADING...​(Click the icon to view payroll tax rate​ information.) Requirements 1. Compute Rose​'s gross pay for working 60 hours during the first week of February. 2. Rose is​ single, and her income tax withholding is 20 % of total pay. Rose​'s only payroll deductions are payroll taxes. Compute Rose​'s net​ (take-home) pay for the week. Assume Rose​'s earnings to date are less than the OASDI limit. 3. Journalize the accrual of salaries and wages expense and the payments related to the employment of Gloria Rose. Requirement 1. Compute Rose​'s gross pay for working 60 hours during the first week of February. Gross Pay

Answers

Answer and Explanation:

1. The gross pay is

Straight time pay

= 40 hours × $30 per hour

= $1,200

overtime pay

= 40 hours × $30 per hour × 1.5

= $1,800

So, the total gross pay is

= $1,200 + $1,800

= $3,000

2. Now the net take home pay is

Gross pay                        $3,000

Less: deductions

Income tax withholding (20%)  -$600

Employee OASDI tax (6.2%)  -$186

Employee medicare tax (1.45%) -$43.50

Net take home pay $2,170.50

3. Now the journal entries are

Wages expense $3,000

             To Income tax payable $600

             To Employee OASDI tax payable $186

             To Employee medicare tax payable $43.50

             To wages payable $2,170.50

(Being the wages expense is recorded)

We debited the expenses as it increased the expenses and credited all liabilities it increased the liabilities  

Wages payable Dr $2,170.50

         To cash  $2,170.50

(being cash paid is recorded)

For recording this we debited the wages payable as it reduced the liabilities and credited the cash as it also reduced the current assets

10. Define transfer pricing. Describe at least two methods of defending transfer prices if they are challenged by tax authorities. How are transfer prices used in managing multinational tax exposures

Answers

Answer:

Explanation:

(A) What is Transfer Pricing?

This is an accounting practice that sets prices for goods and services bought and sold between related entities.

(B) Two methods of defending transfer prices if they are challenged by tax authorities:

1. Treating the related or commonly controlled entities as if they are 2 independent entities.

2. Claiming that services rendered between the 2 related entities could not be priced.

(C) How are transfer prices used in managing multinational tax exposures?

- Transfer Prices help reduce import and export duties. They are used to manage multinational tax exposures by exporting or shipping the goods at a low transfer price, to subsidiaries or related entities in countries with high tariff rates.

- It reduces income taxes and corporate taxes in high tax countries, by overpricing goods that are sold/transferred to subsidiaries in countries with low tax rate.

On January 1, Year 1, Li Company purchased an asset that cost $35,000. The asset had an expected useful life of five years and an estimated salvage value of $7,000. Li uses the straight-line method for the recognition of depreciation expense. At the beginning of the fourth year, the company revised its estimated salvage value to $3,500. What is the amount of depreciation expense to be recognized during Year 4

Answers

Answer:

The amount of depreciation expense to be recognized during Year 4 is $7,350

Explanation:

In order to calculate the amount of depreciation expense to be recognized during Year 4 we would have to calculate first the Depreciation as per straight line method as follows:

Depreciation as per straight line method=(Cost-Residual value)/Useful life

=($35,000-$7,000)/5=$5,600

Hence, book value as on  beginning of the fourth year=$35,000-($5,600*3)=$18,200

Hence, depreciation revised for the 2 remaining years=($18,200-$3,500)/2

=$7,350

The amount of depreciation expense to be recognized during Year 4 is $7,350

A bond with a 7-year duration is worth $1,079, and its yield to maturity is 7.9%. If the yield to maturity falls to 7.75%, you would predict that the new value of the bond will be approximately:_____________.

Answers

Answer:

$1,087.27  

Explanation:

The new value of the bond is the new price of the bond calculated using yield to maturity of 7.75% instead of the original yield of 7.9% using excel pv formula provided thus:

=-pv(rate,nper,pmt,fv)

Before that we need to determine the pmt which is the annual coupon on the bond.

=pmt(rate,nper,-pv,fv)

rate is the original yield ot 7.9%

nper is the duration of 7 years

pv is the initial market price of $1,079

fv is the face value of $1000

=pmt(7.9%,7,-1079,1000)=$ 94.12  

The new price is computed thus:

=-pv(7.75%,7,94.12,1000)=$1,087.27  

Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects:
Year 0 1 2 3
Sales (Revenues) 100,000 100,000 100,000
- Cost of Goods Sold (50% of Sales) 50,000 50,000 50,000
- Depreciation 30,000 30,000 30,000
= EBIT 20,000 20,000 20,000
- Taxes (35%) 7000 7000 7000
= unlevered net income 13,000 13,000 13,000
+ Depreciation 30,000 30,000 30,000
- capital expenditures -90,000
1. The free cash flow for the first year of Epiphany's project is closest to:________
A. $43,000
B. $25,000
C. $13,000
D. $45,000
2. The NPV for Epiphany's Project is closest to:_______
A. $4,800
B. $39,000
C. $13,300
D. $20,400

Answers

Answer:

FCF years 1 is $43,000

NPV is $13,300

Explanation:

The free cash flow for the first  year=net income+depreciation-Capital exp

net income is $13,000

depreciation is $30,000

capital exp for the first year is nil

the free cash flow=$13,000+$30,000+$0=$43,000

FCF year zero=-$90,000

the FCF for year1 applies to years 2 and 3 as well

NPV=-$90,000+$43,000/(1+12%)^1+$43,000/(1+12%)^2+$43,000/(1+12%)^3=

$13,278.74

The closest option is $13,300

Following are transactions for Valdez Services, a company owned by Brina Valdez. Brina Valdez invested $20,000 cash in the company in exchange for common stock. The company provided services to a client and immediately received $900 cash. The company received $10,000 cash from a client in payment for services to be provided next year. The company received $3,500 cash from a client in partial payment of accounts receivable. The company borrowed $5,000 cash from the bank by signing a note payable.

Required:
Prepare general journal entries for the above transactions of Valdez Services.

Answers

Please I also need help on my page it’s very easy

"The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on each sold car. If the profit is $900 or less, the commission rate is 18%. If the profit is great than $900 and less than or equal to $1,500, the commission rate is 20% of the profit. If the profit is higher than $1,500, the rate is 25% of the profit. Jared sold a car that made a profit of $2500. What is the amount of commission he will receive

Answers

Answer:

$625

Explanation:

He made a profit of $2500 which is greater than $1500, so he would earn a 25% commmision

25% of $2500 = $625

I hope my answer helps you

On June 30, 2011, Cole Inc., exchanged 3,000 shares of Stone Corp. $30 par value common stock for a patent owned by Gore Co. The Stone stock was acquired in 2009 at a cost of $80,000. At the exchange date, Stone common stock had a fair value of $45 per share, and the patent had a net carrying value of $160,000 on Gore's books. Cole should record the patent at:

Answers

Answer:

$135000

Explanation:

Cole should record the patent at $135000. The intangible asset is recorded at the price at which it was purchased. Net carrying value of $160000 in the books of seller is not useful.

At the time of purchase of intangible asset, the fair value of stone stock exchanged was $45.

So the patent cost is =

3000 shares × $45 per share = $135000.

Cole should record the patent at this value.

lyssa and Crystal are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Alyssa takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Crystal takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza. Alyssa's opportunity cost of brewing a gallon of root beer is__________ , and Crystal's opportunity cost of brewing a gallon of root beer is__________ , has an absolute advantage in brewing root beer, and has a comparative advantage in brewing root beer. If Alyssa and Crystal trade foods with each other, will trade away pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is of root beer, and the lowest price that makes both roommates better off is of root beer per pizza.

Answers

Answer:

a. 1.5 pizza

b. 1.39 pizza

c. Alyssa has an absolute advantage in brewing beer

d. Crystal has a comparative advantage in brewing beer

e. Crystal will easily trade away pizza for root beer

f.  there's no limit to the highest price

g. lowest price is 0.719 beer root/pizza

Explanation:

Alyssa takes 3 hrs to brew a gallon of root beers and 2 hrs to make a pizza

Crystal takes 7 hrs to brew a gallon of root beer and 5 hrs to make a pizza

Alyssa make 1 gallon/3 hrs = 0.33 gallons/hr of beer, and the same way makes 0.5 pizza/hr

Crystal makes 0.143 gallon/hr of beer, and 0.2 pizza/hr

for Alyssa, 0.33 gallons/hr = 0.5 pizza/hr, therefore

1 gallon of beer = 0.5/0.33 = 1.51 pizza

for crystal, 1 gallon of beer = 0.2/0.143 = 1.39 pizza

price of pizza:

Alyssa = 0.662 root beer/pizza

Crystal = 0.719 root beer/pizza

If an individual's utility function for coffee (x) and cream (y) is given by , the demand function for coffee is given by:__________.

Answers

Incomplete question. Options provided in

Answer:

c.

Explanation:

Note that after performing necessary calculation we arrived at the conclusion where X = I/(PX + 0.2PY) where PX= demand and PY= expenditures.

On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)

Answers

Answer:$3,760--- Interest payable at December 31, 2021.

Explanation:

Interest payable is current  liability recorded on a firm's balance sheet that shows  the amount of interest which a firm owes currently but has not yet paid as of the date recorded on the of the balance sheet.

For daylight donuts

September --- December = 4 months

interest payable  within the four months= $188,000 X 6% X 4/12= $3,760

Daylight Donuts should report interest payable at December 31, 2021, in the amount of $3,760

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