Answer: See explanation
Explanation:
It should be noted that:
Working capital = Current assets - Current liabilities
$356000 = $412000 - Current liabilities
Current liabilities = $412000 - $356000
Current liabilities = $56000
Stockholders equity = Total asset - Total liability
Total asset = $412000 + $524000 = $936000
Total liabilities = $56000 + $274000
= $330,000
Stockholders equity = Total asset - Total liability
= $936000 - $330000
= $606000
The answer is <span><em>the same amount; different reservation prices</em></span>
Answer:
The correct answer is $20,772.92.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt) = $12,000
Rate of interest = 5.50%
Rate of interest per month (r) = 5.50 / 12 months = 0.46%
Time = 10 years (n) = 120 months
So, the future value can be calculated by using following formula:
Future value = PMT ×(1+r)^n
= $12,000 × ( 1 + 0.46% )^120
= $20,772.92
Hence, the future value at the end of 10 years will be $20,772.92.
Answer:
<u>Details April May June </u>
Unit to be produced 576 630 608
Explanation:
The production budget For April, May, and June can be prepared as follows:
Ruiz Co.
Production Budget
For April, May, and June
<u>Details April May June </u>
Next month's budgeted sales (A) 640 590 680
Ratio of inventory to future sales (B) 20% 20% 20%
Budgeted ending inventory (C = A * B) 128 118 136
Budgeted unit sales for month (D) 560 640 590
Req'd units of avail. production (E = C + D) 688 758 726
Budgeted beginning inventory (F) 112 128 118
Unit to be produced (G = E - F) 576 630 608
<span>For individual taxpayers, deductible losses for tax purposes do not include personal losses. </span>