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2 years ago

EA5.

Business

1 answer:

avanturin [10]2 years ago

5 0

Answer:

Total cost= $3,121.5

Explanation:

Giving the following information:

Sunrise Poles manufacture hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half-pound of material, which costs $1.20 per pound. The company's policy is to have enough material on hand to equal 10% of the next month's production needs and to maintain a finished goods inventory equal to 25% of the next month's production needs.

We need to calculate the production required for March:

Sales of March= 4,000 units

Ending inventory= (3,700*0.25)= 925 units

Now, we can calculate the material required:

Direct material:

For March= 4925*0.5= 2,462.5 pounds

Ending inventory= (2,775 units*0.5)*0.1= 138.75 pounds

Total= 2,601.25 pounds

Total cost= 2,601.25*$1.20= $3,121.5

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Nieto Company’s budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $ 2

inn [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Budgeted Sales:

January $ 237,400

February 251,400

March 336,600

Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.

Cash collection March:

Cash sales= 336,600*0.3= 100,980

Credit Sales March= (336,600*0.7*0.1)= 23,562

From February= (251,400*0.7*0.5)= 87,990

From January= (237,400*0.7*0.36)= 59,824.8

Total= 272,356.8

4 0

2 years ago

Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower. This means t

vivado [14]

Answer:

A. They will make payments of interest only, with the principal due on the loan due date in 30 years.

Explanation:

In this scenario, Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower.

A straight term loan is also known as a straight term mortgage or an interest only loan. It can be defined as a type of loan in which the borrower pays only interest during the term of the loan, while the entire principal amount is to be paid for with the final interest payment at the maturity date (loan due date).

This ultimately implies that, Ollie and Molly Overton will make payments of interest only, with the principal due on the loan due date in 30 years.

7 0

2 years ago

Net interest margin—often referred to as spread—is the difference between the rate banks pay on deposits and the rate they charg

Minchanka [31]

Answer:

(a) $P(X\:>\:5.40)=0.9938$

(b) $P(X\:$

Explanation:

(a) Find the z-value that corresponds to 5.40 percent

. $Z=\frac{X-\mu}{\sigma}$

$Z=\frac{5.40-4.15}{0.5}$

$Z=\frac{1.25}{0.5}=2.5$

Hence the net interest margin of 5.40 percent is 2.5 standard deviation above the mean.

The area to the left of 2.5 from the standard normal distribution table is 0.9938.The probability that a randomly selected U.S. bank will have a net interest margin that exceeds 5.40 percent is 1-0.9938=0.0062

(b) The z-value that corresponds to 4.40 percent is $Z=\frac{4.40-4.15}{0.5}=0.5$ The net interest margin of 4.40 percent is 0.5 standard deviation above the mean.

Using the normal distribution table, the area under the curve to the left of 0.5 is 0.6915

Therefore the probability that a randomly selected U.S. bank will have a net interest margin less than 4.40 percent is 0.6915

We substitute the 1.65 into the formula and solve for X. $1.65=\frac{X-4.15}{0.5}$

$1.65\times 0.5=X-4.15$ $0.825=X-4.15$

$0.825+4.15=X$

$4.975=X$

A bank that wants its net interest margin to be less than the net interest margins of 95 percent of all U.S. banks should set its net interest margin to 4.975 percent.

6 0

2 years ago

BBB Company has been a successful manufacturer of quality electronics products for the past 20 years. It is a publicly traded co

OverLord2011 [107]

Answer:

Answer 1.

Beneath referenced pointers show that organization arranged the liquidation for recent years or something like that.

The way that there had been no interest in R&D for recent years which more likely than not brought about noteworthy cost putting something aside for the organization.
BBB bought expanded size of stock on layaway from providers in recent years which is a warning.
Indeed, even without bringing about any R&D cost for recent years, CFO of BBB moved toward the bank to expand the credit line of the organization and utilized all credit line without legitimate desk work.
CFO erroneously guaranteed the brokers about new product offering so as to look for advances/increment credit line.
Indeed, even with diminished deals, organization was indicating lower supply of stock. They more likely than not been offering the stock at cost to outsider or shrouded it at an undisclosed area to dupe the providers.
With no interest in R&D and declining business possibilities, organization couldn't have given new offers for subsidizing

Answer 2.

Yes, even if it is a fraudulent filing for bankruptcy, BBB organization despite everything can select to petition for financial protection or BBB can close the business through and through and escape with the reserve funds and continues from the offer of the stock. Indeed, even leasers and providers reserve the option to petition for automatic insolvency against the BBB in the event that BBB doesn't seek financial protection.

It thoroughly relies upon the BBB Company, in the event that it selects to declare financial insolvency under section 7, or 11 of the liquidation code. Be that as it may, it is just under section 11 liquidation procedures of the chapter 11 court it very well may be set up that BBB's aim and untrustworthy strategic policies establishes to insolvency misrepresentation.

3 0

2 years ago

A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home

lana [24]

The amount of money that Eric will have after 5 years given the initial amount and the interest per year (which we will assume to be compounded)

F = P x (1 + r)^n

Substituting,

F = ($7,500)(1 + 0.0525)^5

F = $9,686

Therefore, Eric will be short of about $113.39.

4 0

2 years ago