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1 year ago

What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 was based on a 22% increase?

Business

1 answer:

makvit [3.9K]1 year ago

6 0

Answer:

2012 net profit = 100/122 x $187,000

2012 net profit = $153,279

Explanation:

Since the pro-forma net profit for 2013 is $187,000 which increases by 22% over the net profit of 2012, thus, the 2012 net profit is 100/122 of 2013 pro-forma net profit.

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You just opened a brokerage account, depositing $4,500. You expect the account to earn an interest rate of 8.57%. You also plan

Mariulka [41]

Answer:

$74108

Explanation:

Solution

Given that:

Deposit = $4,500

Interest rate =8.57%

Plan to deposit =$3000 at the end of 5 years through 1

n= 20 years

Now

We apply the formula given below:

A=P(1+r/100)^n

Here

A=future value

P=present value

r=rate of interest

n=time period.

Thus

=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10

=$74108

Therefore the account value at 20 years (ending) is $74108

5 0

2 years ago

Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f

Sergio039 [100]

Answer:

$14 mil.

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-30 million

Cash flow in year 1 = $13,000,000

Cash flow in year 2 = $23,000,000

Cash flow in year 3 = 29,000,000

I = 20%

NPV = $13,587,630

To find the NPV 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

I hope my answer helps you

3 0

2 years ago

A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 120,500 $ 12

vesna_86 [32]

Answer:

Absorption income 114, 610 127,500 127,320

Explanation:

Year 1 Year 2 Year 3

Beginning finished

Goods inventory (units) 0 1,550 1,050

Ending finished

Goods inventory (units) 1,550 1,050 1,150

Change in Inventory 1550 500 100

Fixed manufacturing

Overhead per unit $ 3.80 $ 3.80 $ 3.80

Absorption Income Less

Variable Income $ 5890 ($ 1900) $ 380

Variable costing income $ 120,500 $ 125,600 $ 127,700

Difference $ 5890 ( $ 1900 ) $ 380

Absorption income 114, 610 127,500 127,320

When inventory increases or decreases income differs under absorption and variable costing and is calculated by the following formula

Difference in fixed expense overhead expensed under absorption and variable costing = Change in inventory units * Predetermined overhead rate

When the inventory units increase the fixed manufacturing overhead cost is released from inventory and deducted from variable income.

Similarly when the inventory units decrease the the fixed manufacturing overhead cost is deferred from inventory and added to variable income.

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2 years ago

mercury is a liquid metal. its density is 13.6g/cm3 . mercury is supplied in a plastic bottle whose volume is 50cm3. the empty b

IgorLugansk [536]

density=mass/volume

mass=density *volume

mass of mercury=13.6 *50=680g

mass of bottle when filled with mercury=680 +25=705g

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2 years ago

An osha inspector completed her inspection of a mining operation, including a walkaround and employee interviews. then the osha

Leviafan [203]

Answer:

The inspector found a violation that could cause serious injury or death.

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2 years ago