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2 years ago

The following information is available for Elliot Company.

Business

1 answer:

jeka942 years ago

7 0

Answer:

The cost of goods manufactured is $557,300

Explanation:

In order to calculate the cost of goods manufactured we would have to make the following calculation:

cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31

Work in process inventory 1/1)= $13,500

Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead

Total manufacturing costs=166000+220000+180000=$566,000

Work in process 12/31=$22,200

Cost of goods manufactured=$13,500 +$566,000 -$22,200

Cost of goods manufactured= $557,300

The cost of goods manufactured is $557,300

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Urban’s, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $

Nataly_w [17]

Answer:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

<em>Here, it can be clearly denoted that the firm does not need to raise the additional equity .</em>

Explanation:

Given :

Sales = $47,000

Current assets = $5,100

Current liabilities = $6,200

Net fixed assets = $51,500

Profit margin = 5 %

Sales are expected to increase by 3 percent next year

∴

The additional equity financing(AE) can be computed as follow:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

Here, it can be clearly denoted that the firm does not need to raise the additional equity .

6 0

2 years ago

A freelance writer must choose how to spend her time working on several different types of projects. Newspaper stories take 3 ho

Paraphin [41]

Answer:

3N + 25M + P ≤ 45

Explanation:

Let the number of Newspaper Stories taken=N

Newspaper stories take 3 hours to write.

Total Hour spent on Newspaper Stories=3N

Let the number of Magazine Articles taken =M

Magazine articles take much longer to write 25 hours per article.

Total Hour spent in Magazine Articles=25M

Let the number of Proofreading jobs taken =P

Proofreading pays for every 1 hour

Total Hour spent in Proofreading jobs=P

Since both newspaper stories and magazine articles must be completed in the week they are started.

The writer doesn't want to work more than 45 hours per week. So his total hour in a week is less than or equal to 45.

The Constraint that limits the amount of time the writer will work in a week is given as:

3N + 25M + P ≤ 45

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2 years ago

The calculations have to be using Excel. How do I input it?To complete your degree and then go through graduate school, you will

gulaghasi [49]

Answer:

a) $639,610.76

b) $422,923.12

c) $0.00

d) $875,351.49

Explanation:

a) How large of a deposit must she make today?

To calculate this, we make us of the formula for calculating the present value of an ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Amount to deposit today =?

P = yearly withdrawal = $95,000

r = interest rate = 4% = 0.04

n = number of years = 8

Substitute the values into equation (1) to have:

PV = $95,000 × [{1 - [1 ÷ (1 + 0.04)]^8} ÷ 0.04]

PV = $95,000 × 6.73274487495041

PV = $639,610.76

Therefore, she must make a deposit of approximately $639,610.76 today.

b) How much will be in the account immediately after you make the 3rd $95,000 withdrawal

Note: See Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 3 and it can be seen that this is $422,923.12.

c) How much will be in the account immediately after you make all the withdrawals including the last one in 8 years?

Note: Also see Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $0.00.

d) Now, if you decide to drop out of school today and not make any of the withdrawal, but instead keep your aunt’s money, that she deposited today, in the account that is earning 4.00%, how much would you have at the end of 8 years?

Note: See Part B in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $875,351.49.

The amount is that large because zero amount is withdrawn each year while the account kept on earning interest yearly on the ending balance.

Download xlsx

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2 years ago

Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with

Murljashka [212]

<span>Answer: Now total premium is (700+900) = 1600 so saving will be $ 160 . Future value of the savings over 10 years based on annual interest</span>

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2 years ago

Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of

Liula [17]

Answer:

manufacturing organization

Explanation:

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2 years ago