Answer:
Explanation:
As fund rate of return = (final NAV - Initial NAV + Income distribution) / (Initial NAV)
17.3% = (final NAV - 37.25 + 1.14 +
1.35)/ 37.25
Final NAV = 34.76 + 6.44
= 41.2 is the answer (ending
NAV)
Answer:
The amount paid should be $1,600
Explanation:
The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
Beacon Food Stores purchased canned goods at an invoice price of $4,000. Half of the goods were returned immediately to the supplier.
The remaining amount of the invoice that Beacon Food needs to pay is $2,000
Beacon Food pays the remaining amount of the invoice within the discount period. The amount of discount the company is offered = $2,000 x 2% = $40
The amount paid = $2,000 - $40 = $1,600
Answer:
Financial and non-financial information for internal decision makers.
Explanation:
Managerial accounting is related to the information that is used for the management of the organization and its information is not widely used for external users. It is almost used by the internal decision makers. The information mostly relates to the effective running of its operations and control mechanism implications.
Answer:
$69020
Explanation:
Selling price -$54
Incremental selling price =54*(1-0.16)=45.36
Incremental sales - 45.36*7000= 317520
Contribution -
Direct materials = 24*7000 = (168000)
Direct labor = 6*7000 = (42000)
Variable manufacturing = (21000) (3*7000)
Variable selling price = (3500) 2*(1-0.75)
Total contribution = 83020
Additional cost of machine (14,000)
Incremental profit 69,020
Answer:
C. 4.00
Explanation:
The interest coverage ratio is the same as times interest earned.
It is a the financial ratio that shows how many times over the income or earnings before interest and tax can be used to pay the interest payable in the same period.
Hence, Interest coverage
= Earnings before interest and taxes (EBIT) / Interest expense
EBIT = $580,000 - $350,000 - $45,000 - $90,000 -$15,000
= $80,000
The company's interest coverage ratio is
= $80,000/$20,000
= 4.00
