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2 years ago

Wayman Corporation reports the following amounts in its December 31, 2021, income statement.

Business

1 answer:

professor190 [17]2 years ago

7 0

Answer:

Wayman Corporation

Income Statement for the year ended December 31, 2021

Sales Revenue $460,000

Cost of Goods Sold ($140,000)

Gross Profit $320,000

Operating Expenses

Advertising Expense $40,000

Salaries Expense $50,000

Utilities Expense $60,000

Total operating expense ($150,000)

Operating Income $170,000

Interest Expense ($30,000)

EBT $140,000

Income tax expense ($60,000)

Net Income $80,000

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TiliK225 [7]

All that information gives you three points to make the graph.

Point 1:

At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)

At the price of $25, the offer is 10*1,200 shoes => (25, 12,000)

At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)

Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from 25 to 40, the offer increases 4,000.

To draw the grpah:

- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,

- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.

- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)

- draw a curved line that passes through the three points.

Ther you have the graph.

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2 years ago

A $10,000 face value Treasury bond is quoted at a price of 101.6533 with a current yield of 4.87 percent. What is the coupon rat

musickatia [10]

Answer:

D) 4.95 percent

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield=coupon payment/current market price

current yield=4.87%

coupon payment=unknown

current market price=101.6533%*$10,000

current market price=$10,165.33

4.87%=coupon payment/$10,165.33

coupon payment=$10,165.33 *4.87%

coupon payment=$495.051571

coupon rate=coupon payment/face value

coupon rate=$495.051571 /$10,000

coupon rate=4.95%

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2 years ago

If a firm sells a floor at 6% this will:

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Answer:

E.pay the holder the LIBOR interest above 6%.

Explanation:

On the off chance that the firm is selling the asset(floor) at 6%, it implies that the benefit is in contract and thus when selling the floor the holder of the floor should make installment to the mortgagee at LIBOR+6%, after which the deal will be concluded.

Therefore, the answer will be pay the holder LIBOR interest above 6%

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2 years ago

Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst

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Answer:I think it would be 1,4568

Explanation:

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2 years ago

You are considering adding a new food product to your store for resale. You are certain that, in a month, minimum demand for the

Alenkasestr [34]

Answer:

Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.

The maximum EMV of profit you can make is 270.

Explanation:

We can use the following method to solve the given problem

Solution:

Using EMV analysis,

EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240

EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270

EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260

Largest EMV= 270; Choose to purchase 7 units for resale.

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2 years ago