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2 years ago

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:

Business

1 answer:

makkiz [27]2 years ago

3 0

Answer:

The budgeted net income for December is $42,500

Explanation:

The budgeted net income is calculated by following table:

1. Sales $550,000

2. Cost of goods sold 75% x $550,000 = $412,500

3. Selling and administrative expenses $60,000

4. Depreciation expense $35,000

5. Net income (1-2-3-4) $42,500

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QUESTION 8 of 10: You are counting your competitors in town. This number is a(n):

Sindrei [870]

Answer:B; Integer

Explanation:Integer is like a whole number(1,2,3,4, etc) it cannot be decimals. Since there can’t be 2.5 people, the answer is B- Integers

5 0

2 years ago

A rich donor gives a hospital $1,040,000 one year from today. Each year after that, the hospital will receive a payment 6% large

alina1380 [7]

Answer:

$7,681,257.74

Explanation:

Since the hospital will receive a payment 6% larger than the previous payment each year after the first payment, the formula for the Present Value of a Growing Annuity is used to obtain the present value.

The present value of a growing annuity formula is meant for the estimation of the present day value different payments hat grow at a proportionate rate which will be received for a period of time. This formula is stated as follows:

PV = {P ÷ (r - g)} × {1 - [(1+g)÷(1+r)]^n] ...................................... (1)

Where

PV = Present value

P = First payment = $1,040,000

r = interest rate = 11% = 0.11

g = growth rate = 6% = 0.06

n = number of years = 10 years

Substuiting all the values into equation (1), we have:

PV = {$1,040,000 ÷ (0.11 - 0.06)} × {1 - [(1+0.6)÷(1+0.11)]^10]

= {$1,040,000 ÷ (0.05)} × {1 - [(1.06)÷(1.11)]^10]

= $20,800,000 × (1 - 0.630708763)

= $20,800,000 × 0.369291237

= $7,681,257.74

I wish you the best.

6 0

1 year ago

For the past year, Kayla, Inc., has sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and adm

dybincka [34]

Answer:

$15,178

Explanation:

Given that;

Sales = $45,797

Costs of goods sold = $16,134

S&A expenses = $11,481

EBITDA = Sales - cost of goods sold - S&A

= $45,797 - $16,134 - $11,481

= $18,182

Depreciation = $5,980

EBIT = EBITDA - Depreciation

= $18,182 - $5,980

= $12,202

Interest expense = $3,620

EBT = EBIT - Interest expense

= $12,202 - $3,620

= $8,582

Less tax at 35% $3,004

Net income = $5,578

Operating cash flow = EBIT + depreciation - tax

= $12,202 + $5,980 - $3,004

= $15,178

5 0

1 year ago

You are thirsty and decide to have an iced tea. your thirst is a ________ and your choice of iced tea is a ________.

kari74 [83]

<span>d. need; demand

Thirst is a need rather than a demand or want, since we need regular fluid intake for our survival and optimum functioning. A choice of ice tea is a demand rather than a want or need because a want or need does not involve the ability to afford the ice tea. Demand on the other hand involves the desire and ability to buy a product.
</span>

5 0

2 years ago

Read 2 more answers

Today's organizations can be divided into three groups, which are __________ organizations. D. employee, distributor, and custom

avanturin [10]

Answer:

Today's organizations can be divided into three groups, which are-Profit, Nonprofit, and Governmental organizations.

Explanation:

For-profit businesses, non-profit organizations, and governments can all play unique and valuable roles in society. However there are certain challenges that are best addressed by cooperative ventures involving all three sectors.

5 0

2 years ago