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2 years ago

5

QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave

rage of their sales?

1 answer:

Goshia [24]2 years ago

6 0

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

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You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. You curre

Fynjy0 [20]

Answer:

The correct answer is $7,056.46

Explanation:

Giving the following information:

You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. How much do you need to save each year if you can earn 7.5 percent on your savings?

Final value= 55,000*25= 1,375,000

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

5 0

2 years ago

Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units

Lisa [10]

Answer:

Product L= $34

Product H= $34

Explanation:

Giving the following information:

Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units.

A unit of either product requires 0.4 direct labor-hours.

Estimated overhead= $1,632,000. R

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,632,000/(48,000*0.4)

Estimated manufacturing overhead rate= $85 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product L= 85*0.4= $34

Product H= 85*0.4= $34

3 0

2 years ago

Rachelle is the owner of a full-service car wash. For the month of December she paid $2,000 in rent, $700 in utilities, $2,950 i

Ilya [14]

Answer:

Total Fixed costs: $

Rent 2,000

Utilities 700

Salaries 2,950

Advertising 50

Total fixed cost 5,700

Contribution per car = Selling price - Unit variable cost

= $10.50 - $2.50

= $8.00 per car

Break-even point in full-service car

= <u>Total fixed cost</u>

Contribution per car

= <u>$5,700</u>

$8.00

= 712.5 = 713 cars

Explanation:

Break-even point in full-service car equals total fixed cost divided by contribution per car. Contribution per car is selling price minus variable cost per car.

4 0

2 years ago

Modern Refurbishing Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a

IgorLugansk [536]

Answer:

a. 13.13%

Explanation:

Let irr be x%

At irr, present value of inflows = present value of outflows.

850 = 300/1.0x + 290/1.0x^2 + 280/1.0x^3 + 270/1.0x^4

x = IRR

= 13.13%

Therefore, The project's IRR is 13.13%

4 0

2 years ago

On January 1, Jim Shorts Corporation issued $300 million face value bonds for $580 million. During the same year, $1,500,000 of

ankoles [38]

Answer: a deduction from net income of $1,500,000.

Explanation:

Based on the statements provided in the question, it should be noted that Jim Shorts Corporation should report a deduction from net income of $1,500,000 on the statement of cash flows prepared by the indirect method.

It should be noted that the caah flow statement would start the accrual basis of the net income under an indirect method of the cash flow and then, all the non-cash items would either be added or subtracted in order for the reconciliation of account.

8 0

2 years ago