Answer:
6,000 units
Explanation:
The beginning inventory units are calculated below
We know
Number of units produced = Budgeted units sold + ending inventory units - beginning inventory units
35,000 units = 32,000 units + 9,000 units - beginning inventory units
35,000 units = 41,000 units - beginning inventory units
So, the beginning inventory units would be
= 41,000 units - 35,000 units
= 6,000 units
Answer:
Yes, the contract is still valid.
Explanation:
Let us first clarify some terms first.
A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.
Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.
Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.
Therefore, as regards to the date on the letter, the contract is still valid.
Answer:
problem-solution order
Explanation:
According to my research on different organizational methods, I can say that based on the information provided within the question Jenine's main points were arranged in problem-solution order. This is an organizational method in which a problem is stated and a solution is provided immediately following the problem.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Pre-tax cost of debt is 8.7%
After-tax cost of debt is 5.66%
Explanation:
the cost of debt financing before tax is the yield to maturity on the bond, which can be computed using the rate formula in excel.
=rate(nper,pmt,-pv,fv)
nper is the number of times the bonds pay s interest which is 15*2=30
pmt is the semi-annual interest of the bond:9.6%/2*$1000=$48
pv is the current market price of $1,120 minus 4% flotation cost i.e 1120*96%=$1075.2
Fv is the face of the bond at $1000
=rate(30,48,-1075.2
,1000)
rate=4.35% on semi-annual basis
rate =4.35%*2=8.7% on annual basis
after tax cost of debt =8.7%*(1-0.35)
=5.66%
