Answer:
Impact on Net Earnings to Sales and Net Earnings to Total Book Assets:
a) A company's Net Earnings to Sales and Net Earnings to Total Book Assets will increase from the 30% due to the 30% increase in sales. This is because the Cost of Goods Sold remained constant.
b) Net Earnings to Sales and Net Earnings to Total Book Assets will decrease by 30% as a result of the increase in Property, Plant, and Equipment, because these also increased the operating and administrative expense, even though Sales and Cost of Goods Sold remained constant.
Explanation:
The net earnings to sales express the ratio of the net income to the sales revenue. The net earnings are the result of deducting all costs from sales revenue. The net earnings to total book assets are the same expression as the Return on Assets.
Answer:
Monthly Payment is $1602.37
Effective interest rate is 5.33%
Explanation:
a.
The monthly payment made includes the interest and principal payment as well.
Monthly payment can be calculated using following formula
Monthly Payment = [Present value of loan x r] / [{1 - (1 + r)-n}]
Monthly Payment = [$84,500 x (0.052/12)] / [1 - (1 + 0.052/12)-60]
Monthly Payment = [$366.17 / 0.2285]
Monthly Payment = $1,602.37
b.
The Effective interest rate is the actual interest rate that are being charged on loan after incorporating the compounding effect.
Use following formula to calculate the effective Annual rate
EAR = [1 + (i/n)]^n - 1
EAR = [ 1 + (5.2% / 12]^12 - 1
EAR = [1.0043]^12 - 1
EAR = 1.0533 - 1
EAR = 0.0533
EAR = 5.33%
Answer:
6.67 solution: Actual labour hour=8hr total no.of employees=4 Total working
Explanation:
Answer: $55,000
Explanation:
Material costs are $10 per unit and have been completed in regards to the 2,500 units.
Material cost = 10 * 2,500
= $25,000
Conversion costs are $30 per unit and have only been 40% completed.
= (40% * 2,500) * 30
= 1,000 * 30
= $30,000
Ending Work in Progress Inventory Cost = Material Cost + Conversion Cost
= 25,000 + 30,000
= $55,000
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