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Nadusha1986 [10]

1 year ago

11

Joslyn completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection, the dealers

hip noted that she drove 5000 miles over the mileage allowance. what kind of fee will joslyn be required to pay as a result?

2 answers:

Fed [463]1 year ago

6 0

Its the Lease Penalty

tatuchka [14]1 year ago

3 0

Lease penalty for APEX

Hope this helps <3

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Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre

Neporo4naja [7]

Answer:

The ratio of flotation cost to funds raised is 20.13%

Explanation:

First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565 (8.05% of $33),in other words the net issue price is $30.3435

The total amount raised is $ 4,096,372.50 (135000*$30.3435 ),while total flotation costs are as follows:

Underwriting costs $ 358,627.50

Legal and accounting fees $418,000

Indirect costs $48,000

Total flotation costs $824,627.50

However, the flotation costs as a percentage of funds raised is given below:

$824,627.50 /$4,096,372.50=20.13%

6 0

2 years ago

ASSETS Cash $ 20,000 Accounts receivable 80,000 Inventory 50,000 Net plant and equipment 250,000 Total assets $ 400,000 LIABILIT

Dahasolnce [82]

Answer:

The firm's receivable turnover is 20 times

Explanation:

The computation is shown below:

Accounts receivable turnover ratio = (Credit sales ÷ average accounts) receivable

where,

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($0 + $50,000) ÷ 2

= $25,000

And, the net credit sale is $500,000

Now put these values to the above formula

So, the answer would be equal to

= ($500,000 ÷ $25,000)

= 20 times

And, the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 360 days ÷ 20

= 18 days

7 0

1 year ago

Acme corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). emca corporation curren

denpristay [2]

Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%

Acme market share in form of sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions

Emca market share in form of sales:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions

Difference between the market shares for two companies as a percentage:
Difference = |20%-17%| = 3% of $20 billion

3 1

2 years ago

Stangol Co. uses process costing to account for the production of highlighter pens. Direct materials are added at the beginning

Otrada [13]

Answer:

$55,565.76

Explanation:

Calculation for the value of ending inventory using the weighted average method

First step is to find the Equivalent units

Equivalent units = (4,800 × 50%)

Equivalent units = 2,400

Second step is to find the conversion costs

Conversion costs (4,800 × 100%)

Conversion costs= 4,800

Last step is to calculate for the value of ending inventory

Ending inventory= ($8.91 × 2,400) + ($7.1212× 4,800)

Ending inventory=$21,384+$34,181.76

Ending inventory=$55,565.76

Therefore the value of ending inventory using the weighted average method would be closest to: $55,565.76

7 0

1 year ago

Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

aleksandrvk [35]

Answer:

Explanation:

a. Computation of Rita’s home office deduction for the current year:

Actual expenses method, Rita is allowed to deduct all the expenses and the total deductions are =6,700+800+1,600 = $9,100.

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

<em>Take a look to the document attached.</em>

b. Computation of Rita’s home office deduction for the current year if Gross income is $10,000:

Actual expenses method, Rita is allowed only mortgage interest and taxes and all other expenses relating to tire 2 and 3 are carried forward to next year.

<em>Take a look to the document attached.</em>

<em />

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

c. Rita's AGI = Sole proprietorship income + income from business

= $60,000 + 300 = $60,300

d. Based on the above calculations Rita can deduct all the expenses in this year itself, thus she does not carry any expenses to next year.

8 0

1 year ago