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2 years ago

Dr. McCoy earns $51,233 teaching at the university. What is his weekly salary?

Business

1 answer:

lesya692 [45]2 years ago

3 0

Answer:

$985.25

Explanation:

The $51,233 is Dr. McCoy's annual salary; the total amount she earns in a year

We have about 52 weeks in a year

To determine the weekly salary, you will set up the equation like this;

If 52 weeks = $51,233

then 1 week = ?

Multiply 1 by $511,233 ; 1 * 51,233 =$51,233

Next, divide the above $51,233 by 52;

$51,233/ 52 = $985.25

Her weekly salary is therefore $985.25

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Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi

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Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

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1 year ago

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2 years ago

_____ refers to the order of things, such as performing the goal-setting processes. a. sequence b. automation c. disarray d. tim

Jet001 [13]

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2 years ago

Read 3 more answers

On January 1, 2019, Plenty of Oil, Inc. purchased an oil field that is estimated to have 20 comma 000 comma 000 barrels of oil

AysviL [449]

Answer:

$65,200,000.

Explanation:

We know,

Depreciation expense rate under unit-of-activity method = (Total cost of the asset - Residual value) ÷ Estimated usage

Therefore, Depreciation expense rate = ($80,000,000 - 0) ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $80,000,000 ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $4 per barrel.

As the company used 1,800,000 barrels during 2019, the depreciation expense for 2019 = 1,800,000 × $4 = $72,000,000

For 2020, the depreciation expenses = 1,900,000 × $4 = $76,000,000

Therefore, accumulated depreciation after December 31, 2020 = $72,000,000 + $76,000,000 = $14,800,000.

Therefore, book value reported on the balance sheet as of December 31, 2020 = $80,000,000 - $14,800,000 = $65,200,000.

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2 years ago

A corporate bond has a face value of $1,000 and a coupon rate of 6.5%. The bond matures in 10 years and has a current market pri

Virty [35]

Answer:After-tax cost of debt capital = 4.78%

Explanation:

Cost of debt (After-tax):

$K_{d}$ = $(\frac{1}{P_{b}} - F)\times$ (1 – tax rate)

Where,

$K_{d}$ = After tax cost of debt

F = Floatation cost

$P_{b}$ = Net proceeds

Net proceeds = Bond face value ± Premium or Discount

Net proceeds: $ 1000 - $ 15 = $ 985

Flotation cost = $ 36

Tax rate 34% or 0.34

Hence, after tax cost of debt = $(\frac{65}{985} - 36)\times$ (1 - 0.34)

= 4.778 % (approx.)

i.e. 4.78%

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1 year ago