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2 years ago

You have $55,000 in a savings account that pays 2% interest per year.

Business

1 answer:

blondinia [14]2 years ago

6 0

Answer:

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

Explanation:

In a savings account, amount $55,000 which pays 2% interest each year and the rate of inflation is 3.24% gives,

1.The interest make in a year is $1100

2. Spending power need to make to keep up with inflation in that year is $1782.

3. Buying power lose in that year because of inflation is $682

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

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3 years ago

Preferred Stock As of December 31, 2015, we had one class of preferred stock outstanding. We are authorized to issue approximate

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Solution and Explanation:

The dollar amount of dividends that Xerox must pay on this stock = $2,160,000

Working for the answer

It was given in the question that, company issued 300,000 shares of Series and the convertible preferred stock pays quarterly cash dividends at a rate of 8% per year

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SO amount of dividends that Xerox must pay on this stock

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$=300,000 * 90 * 8 \%$

=2,160,000

amount of dividends that Xerox must pay on this stock =2,160,000

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2 years ago

Cullumber Company incurred $800000 of research and development costs in its laboratory to develop a new product. It spent $15000

cricket20 [7]

Answer:

$212,000

Explanation:

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3 years ago

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Answer:

C) have fewer economic restrictions

Explanation:

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Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o

Gre4nikov [31]

Solution and Explanation:

1 Breakeven point = Fixed cost/contribution per unit

$480000+360000 /(57-43)$ = 60000 Units

2. a

year 1 year 2 year 3

unit product cost 41 41 41

Direct material 25

Direct Labour 12

Variable manufactoring overhead 4

Variable costing unit product cost 41

2. b Variable expenses

Variable cost of goods sold 24,60,000 30,75,000 16,40,000

Variable selling and administrative 1,20,000 1,50,000 80,000

Total variable expenses 25,80,000 32,25,000 17,20,000

Contributon margin 8,40,000 -3,75,000 19,85,000

Fixed expenses

Fixed manufactoring overhead 4,80,000 4,80,000 4,80,000

Fixed selling and administrative 3,60,000 3,60,000 3,60,000

Total Fixed Expenses 8,40,000 8,40,000 8,40,000

Net operating income -12,15,000 11,45,000 Note Year 1 year 2 year 3

Unit sold 60000 50000 65000

Unit price 57 57 57 Sales 3420000 2850000 3705000

Variable cost of goods sold

Unit 60000 75000 40000

Unit cost 41 41 41

Total 2460000 3075000 1640000 Variable selling and administrative

Unit 60000 75000 40000

Unit cost 2 2 2 Total 120000 150000 80000

a unit product cost year 1 year 2 year 3

Direct material 25 25 25

Direct Labour 12 12 12

Variable manufactoring overhead 4 4 4

Fixed manufactoring over head 8 6.4 12

Variable costing unit product cost 49 47.4 53

Note

Fixed manufactoring over head

480000 divided by 60000 8.00

480000 divided by75000 6.40

480000 divided by 40000 12.00

b Hass company

Absorbtion costing income statement

Year 1 year 2 year 3

Sales 34,20,000 28,50,000 37,05,000 Cost of goods sold 29,40,000 23,70,000 33,05,000 Gross margin 4,80,000 4,80,000 4,00,000 selling and admin exp 4,80,000 4,60,000 4,90,000 Net operating income - 20,000 -90,000 Note

Cost of goods sold

Year 1 60000 multiply with 49 = 2940000

Year 2 50000 multiply with47.4= 2370000

Year 3 $25000 * 47.4+40000 * 53$ = 3305000

selling and administrative expenses

Year 1 $60000 * 2+360000$ = 480000

Year 2 $50000 * 2+360000$ = 460000

Year 3 $65000 * 2+360000$ = 490000

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2 years ago