Answer:
$360,000
Explanation:
The total cost would be estimated as the expense anticipated plus the property taxes paid previously.
Now
Total Cost = $240,000 Property Taxes paid + $1,200,000 Property repairs anticipated
= $1,440,000
Now we will distribute the annual cost over the four quarters which mean we will divide the total annual cost by 4.
Quarterly Expenses = $1,440,000 / 4 = <u>$360,000</u>
Answer:
A. Inelastic
B. a less than 10% increase in quantity supplied
Explanation:
A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.
A supply is inelastic if the price elascitiy is less than 1.
Answer:
The correct answer is A
Explanation:
The current liabilities is computed as:
Current Assets (CA) = Quick assets (QA)+ Inventory (I)
CA = QA + $49,000
Acid test ratio = Quick assets / Current Liabilities (CL)
2.8 = QA / CL
QA = 2.8 × CL
Current Ratio (CR) = CA / CL
3.5 = CA / CL
Putting CA = QA + Inventory
3.5 = ( QA + $49,000) / CL
Now, Putting QA = 2.8 × CL
So,
3.5 = [( 2.8 × CL ) + $49,000] / CL
3.5 = 2.8 CL / CL + $49,000 / CL
3.5 = 2.8 + ($49,000 / CL)
3.5 - 2.8 = $49,000 / CL
0.7 = $49,000 / CL
CL = $49,000 / 0.7
CL = $70,000
Answer:
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Explanation:
Giving the following information:
Option 1:
Initial investment= $11,500
Number of years= 45
Interest rate= 4.1%
Option 2:
Initial investment= $11,500
Number of years= 44
Interest rate= 4.7%
To calculate the future value for both options, we need to use the following formula:
FV= PV*(1+i)^n
<u>Option 1:</u>
FV= 11,500*(1.041^45)= $70,142.41
<u>Option 2:</u>
FV= 11,500*(1.047^44)
FV= $86,766.45
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Answer:
The insurance cost should be allocated to the products made in January and to those made in February is $8,000 and $7,000 respectively.
Explanation:
For computing the allocated insurance cost, first, we have to compute the per labor rate which is shown below:
Per labor rate = (Annual premium) ÷ (Labor hours)
= ($120,000) ÷ (48,000 hours)
= $2.5
Now the insurance cost would be
For January = Labor rate per hour × number of labor hours\
= 3,200 hours × $2.5
= $8,000
For February = Labor rate per hour × number of labor hours
= 2,800 hours × $2.5
= $7,000
