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2 years ago

12

Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the

expected rate of return on stocks is 7%, then the painting should grow in value by _________ per year.

1 answer:

Julli [10]2 years ago

4 0

Answer:

7%

Explanation:

It would grow by 7% each year which is the rate of return on stocks

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Regan company operates its factory on a two-shift basis and pays a late-shift differential of 15%. regan also pays a premium of

victus00 [196]

The <span>amount of direct labor should Regan charge to work-in-process is the wages at base direct-labor rates, which is $325,000.00. Shift Differentials and Overtime Premiums are not included,</span>

3 0

2 years ago

Huron has provided the following year-end balances: Cash, $25,000 Patents, $7,900 Accounts receivable, $9,300 Property, plant, a

WITCHER [35]

Answer:

$74,900

Explanation:

Given that,

Cash = $25,000

Patents, = $7,900

Accounts receivable, = $9,300

Property, plant, and equipment, = $98,700

Prepaid insurance, = $3,600

Accumulated depreciation, = $10,000

Inventory, = $37,000

Retained earnings, = 15,500

Trademarks, = $12,600

Accounts payable, = $8,000

Goodwill, = $11,000

Therefore,

Huron's current assets:

= Cash + Accounts receivable + Prepaid insurance + Inventory

= $25,000 + $9,300 + $3,600 + $37,000

= $74,900

3 0

2 years ago

The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a

morpeh [17]

Answer:

c. $112,800

Explanation:

The computation of operating income is shown below:-

= (Contribution margin of blink division × Increase sales percentage) - Fixed cost of blink division - Allocated common costs of blink division - Allocated common costs of blur division

= ($218,000 × 135%) - $93,000 - $48,000 - $40,500

= $294,300 - $93,000 - $48,000 - $40,500

= $112,800

5 0

2 years ago

Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $

monitta

Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

Direct mateirals 6.20

Direct labor 2.80

variable overhead 1.45

sales commisions 1.00

adminsitrative variable<u> 0.55 </u>

total variable cost 12.00

$25 selling price per unit - $12 variable cost per unit =

$13 contribution margin per unit

This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

6 0

2 years ago

Orleans Corporation, a U.S. corporation, reported U.S. taxable income of $2,000,000. Included in the computation of taxable inco

Dafna11 [192]

Answer:

$420,000

Explanation:

Calculation for Orleans’s net U.S. tax liability

Using this formula

Tax liability=Taxable income×U.S tax rate

Let plug in the formula

Tax liability=$2,000,000×21%

Tax liability=$420,000

Therefore Orleans’s net U.S. tax will be $420,000. The withholding tax amount of $8,000 was not included because it was already imposed on the dividend.

8 0

2 years ago