United States EmbassyUnited Postal ServiceMunicipal Taxation Department<span>Internal Revenue Service?
which one
</span>
Answer:
The number of units the company would have to manufacture during the year would be 780,000 units
Explanation:
To find out how much purchase is made, first we have to calculate the production level. The equation for production level is shown below:
Production level = Closing stock of finished goods + Sales - Opening stock of finished goods
= 76,000 + 730,000 - 26,000
= 780,000 units
Rest cost like opening and ending balance of raw material , required gram is irrelevant for computation part. Thus, it is not considered.
Hence, The number of units the company would have to manufacture during the year would be 780,000 units
Answer:
10.52 years
Explanation:
We can work out the number of years using this relationship
V =P× (1+r)^n
V= tribe valeu = 3×3.5 = 10.5
r-growth rate -11%
n- number of years- ?
10.5 = 3.5× (1.11)^n
<em>dividing both sides by 1.11^n</em>
1.11^n = 10.5/3.5
<em>taking the log of both sides</em>
n log 1.11 = log 3
n = log 3/log 1.11
n =10.52
Answer:
The net gain or loss in the future market is $105000
Explanation:
Total Future contracts = 20
Total bushel in 1 contract = 5000
Total quantity of wheat = 20 * 5000 = 100,000 bushel
In Cash Market
Break-even price = $ 7.00
Spot price in September = $ 8.40
Therefore company will make a loss here since spot price is greater than break-even price.
Total Loss = (breakeven - spot price) * Quantity
Total loss = (7 - 8.40) * 100000
= $ - 140,000
In future market
Forward contract price = $ 5.95
Spot price in September = $ 8.40
Here company will make a profit because actual buy price is $ 5.95 and spot price is $ 8.40
Total profit = (Spot price - forward price) * Quantity
= (8.40 - 5.95) * 10000
= $ 245000
Net profit/loss = Profit/Loss in cash maket + Profit/loss in futures market
= $ - 140000 + $ 245000
= $ 105000
Answer:
A. $950
Explanation:
Proper documentations of payments, purchases and income in any company is very necessary for growth.
From the question, the following transaction occured:
- March 3 => a desk was purchased for $450
- March 22 => another desk was purchased for $500
- March 24 => $400 was paid on account.
To know the amount that ABC should report for desks, the two transaction for desk should be summed and the result will be the amount that should be recorded.
Therefore,
$450 + $500 = $950.
