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MrMuchimi
1 year ago
10

Sage, Inc. has 20 employees who each earn $100 per day and are paid every Friday. The end of the accounting period is on a Wedne

sday. How much wages should the firm accrue at the end of the period?A) $2,000. B) $1,000. C) $0 D) $6,000.
Business
1 answer:
WARRIOR [948]1 year ago
5 0

Answer:

D) $6,000.

Explanation:

Number of Employees = 20 employees

Earning per day = $100 per day

Total Earning per day = 20 x $100 = $2,000 per day

It is assumed that weekend days are off days and not being paid.

Week days Spent upto last day after payment = Wednesday - Last Monday

Week days Spent upto last day after payment = 3 days

Accrued Expense at the end of accounting period = 3 days x $2,000 per day = $6,000

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Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

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 IRR button and then press the compute button.  

7 0
1 year ago
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
GaryK [48]

Answer:

Total= $13,221.52

Explanation:

Giving the following information:

Deposited $3,200 in an account two years ago and is depositing another $5,000 today.

A final deposit of $3,500 will be made one year from now.

Interest expense= 4.85% compounded annually.

We need to calculate the final value of each deposit using the following formula:

FV= PV*(1+i)^n

First deposit= 3,200*(1.0485^5)= $4,055.01

Second deposit= 5,000*(1.0485^2)= $5,496.76

Third deposit= 3,500*(1.0485)= $3,669.75

Total= $13,221.52

4 0
1 year ago
Faux Trees Company produces artificial Christmas trees. A local shopping mall recently made a special order offer; the shopping
Arlecino [84]

Answer: $‭16,925.9‬0 increase

Explanation:

Company already has the excess capacity to handle this order so the fixed costs will not be included as they would have already been incurred.

Cost of manufacturing the trees would be:

= Variable cost + Fixed cost

= ((51.61 + 3.80 + 1.00 + 8.26 for white tree) * 230 trees) + 5,000 for molds

= (64.67 * 230) + 5,000

= $‭19,874.1‬0

Incremental revenue = 230 trees * 160

= $36,800

Incremental operating income = 36,800 - ‭19,874.1‬

= $‭16,925.9‬0 increase

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<em>Note: Options might be for a variant of this question. </em>

7 0
2 years ago
Marigold Corp. sells radios for $50 per unit. The fixed costs are $545000 and the variable costs are 60% of the selling price. A
Montano1993 [528]

The new break-even point in units is: $23,200

Solution:

Given,

Marigold Corp. sells radios for $50 per unit

Fixed costs = $545000

Variable costs = 60%

As a consequence of the modern electronic facilities, the fixed costs are projected to rise by $35,000 and the variable costs would be 50% of the purchase price.

Now,

The new break-even point in units is:

= $545000 + $35000

= $580,000

=> 580,000/25 = $23,200

7 0
1 year ago
A customer is upset because an advertised item has been sold out. how would you respond to the customer
jasenka [17]
If i was a worker at the lets say store I would say, "How about you give me your phone number and when its restalked or on sale again, I call you, ok?" 

If I was a bystander I would walk away probably, or try to help in some way, if the customer was a kid I would probably just give it to them.
6 0
1 year ago
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