Answer: See explanation
Explanation:
Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:
= $110,000 - (2% × $110,000)
= $110,000 - (0.02 × $110,000)
= $110,000 - $2200
= $107800
Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:
= $110,000 - (6% × $110,000)
= $110,000 - (0.06 × $110,000)
= $110,000 - $6600
= $103400
Answer:
a. $80,318.70
b. $97,568.57
Explanation:
Here is the full question :
You have just received a windfall from an investment you made in a friend's business. She will be paying you $ 15 comma 555 at the end of this year, $ 31 comma 110 at the end of next year, and $ 46 comma 665 at the end of the year after that (three years from today). The interest rate is 6.7 % per year. a. What is the present value of your windfall? b. What is the future value of your windfall in three years (on the date of the last payment)?
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $ 15,555
Cash flow in year 2 = $31,110
Cash flow in year 3 = $ 46,665
I = 6.7%
Present value = $80,318.70
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$80,318.70(1.067)^3 = $97,568.57
Answer:
Results are below.
Explanation:
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Weighted average contribution margin= 0.2*33 + 0.5*22 + 0.3*41
Weighted average contribution margin= $29.9
Break-even point (units)= 4,544,800 / 29.9
Break-even point (units)= 152,000 units
<u>Now, for each product:</u>
<u></u>
Lawnmowers= 0.2*152,000=30,400
Weed-trimmers= 0.5*152,000= 76,000
Chainsaws= 0.3*152,000= 45,600
The answer is negotiable order of withdrawal or short for
the acronym NOW. The acronym NOW, when it is used in terms of financial institutions,
in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing
checking account wherein a patron or customer is allowed to create drafts
against cash held on deposit or in short words, the owner of the account can
write an unlimited amount of checks for drafts or to be used.
Answer:
interest expense for October $ 27.25
Explanation:
900
+ 1,300 x 20/30
<u> + 100 x 15/30 </u>
1,816.67 average balance
Now we multiply this average balance by the interest rate of the credit card:
1,816.67 x 0.18/ 12 = 27.25
