Answer:
B. Blanket loan
Explanation:
According to my research on the different types of loans provided by banks, I can say that based on the information provided within the question the type of loan that Monty will need is called a Blanket Loan. This is because this is a type of loan that is given by a bank in order for an individual to be able to buy multiple pieces of real estate
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Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price of a product = $140 per textbook
Variable expenses = $25 per book
Books sold per year = 6,000 books (It is the break even point)
The break even point indicates that there is no profit or loss incurred at the sales.
This means that the sales revenue is equal to the total cost incurred to produced these goods.
Sales per unit - Variable cost per unit - Fixed costs per unit = 0
$140 - $25 - Fixed costs = 0
$115 = Fixed costs per unit
Therefore, the total amount of fixed cost is calculated as follows:
= Fixed cost per unit × Number of books sold
= $115 × 6,000
= $690,000
Answer:
B. $304,060
Explanation:
We know that
Ending balance of finished goods inventory = Beginning balance of finished goods inventory + Cost of Goods manufactured - Cost of Goods Sold
= $304,560 + $290,500 - $291,000
= $304,060
We simply applied the above formula to compute the ending balance of finished goods inventory by considering the beginning balance of finished goods inventory, cost of goods manufacture and cost of goods sold.
Answer:
Cost of goods sold= $410
Explanation:
Giving the following information:
November 1: 5 units for $20 each.
On November 2, they purchased 10 units at $22 each.
On November 6, they purchased 6 units at $25 each.
On November 8, they sold 18 units for $54 each.
The company uses LIFO (last in, first out) as an inventory method.
Cost of goods sold= 6units*25 + 10units* 22 + 2units* 20= $410
Answer:
capital structure weight is = 0.349
Explanation:
Given data:
Number of share 10,700
per share price is $41
number of share of stock is 240
per share price of preferred stock is $92
number of bonds 570
coupon rate is 6% paid semiannually
mutuarity life of bonds is 22 year
face value of bonds is $1000
selling price 104.5% per par
common stock 
Preferred stock 
Bonds 
Total amount = 438,700 + 222,080+595,650 = 1,256,430
capital structure weight is 
