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MatroZZZ [7]
3 years ago
8

If Morton Company expects to sell VCR’s at $100 a unit with variable costs of $60 per unit and DVD’s at $200 per unit with varia

ble costs of $120 per unit, what is the weighted average contribution margin if the sales mix is 4 DVD’s for 1 VCR?
Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

$72

Explanation:

To calculate the weighted contribution margin we can use the following formula:

[(sales price A - variable cost A) x proportional sales A] + [(sales price B - variable cost B) x proportional sales B]

= [($200 - $120) x 80%] + [($100 - $60) x 20%] = $64 + $8 = $72

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On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was payable at maturity. I
7nadin3 [17]

Answer:

cash        55,110,929 debit

   note payable      55,110,929 credit

--to record singing of promissory note with discounted interest--

interest expense 1.583.741,77 debit

   note payable              1.583.741,77 credit

--to record accrued interest on note payable --

Explanation:

the note plus interest will be for 60 millions.

So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  60,000,000.00

time   0.75

rate  0.12

\frac{60000000}{(1 + 0.12)^{0.75} } = PV  

PV   55,110,929.18

then at December 31th we solve for the accrued interest:

Principal \: (1+ r)^{time} = Amount

Principal 55,110,929.18

time 0.25 (3 months over 12 month a year)

rate 0.12000

55110929.18154 \: (1+ 0.12)^{0.25} = Amount

Amount 56,694,670.95

accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77

8 0
4 years ago
Blitz Corp. had total sales of $3,010,000 last year and has 106,000 shares of stock outstanding. The benchmark PS is 1.6 times.
Roman55 [17]

Answer:

the stock price is $45.44

Explanation:

The computation of the stock price is shown below:

Sales per share is

= Total sales ÷ stock outstanding  shares

= $3,010,000 ÷ 106,000 shares

= $28.40

Now

Benchmark PS = Stock price ÷ Sales per share

Stock price = $28.40 × 1.6

= $45.44

hence, the stock price is $45.44

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
3 years ago
The current price of XYZ stock is $50.00. Dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
Lynna [10]

Answer:

Current market price (Po) = $50

Growth rate (g) = 7%

Dividend paid (Do) = $1

Required return (Ke) = ?

Po = Do<u>(1 + g)</u>

            Ke - g

$50 = $1<u>( 1 + 0.07)</u>

             ke - 0.07

$50 =   <u>    1.07</u>

            Ke -  0.07

$50(Ke - 0.07) = $1.07

50Ke - 3.5    = $1.07

50Ke = $1.07 + $3.5

50Ke = $4.57

Ke = 4.57/50

Ke = 0.0914 = 9.14%                                                                                                                                                                                                                                        

Explanation:

The current market price of a stock equals current dividend paid, subject to growth rate, divided by the difference between required rate of return and growth rate. The current market price, growth rate and current dividend paid were provided in the question with the exception of the required return (Ke). Thus, the required return becomes the subject of the formula.              

8 0
3 years ago
Your Mutual fund was valued at $237,500 it has lost 6% per year for the last three years what is its value today
MissTica

Answer:

197263.70

Explanation:

I did math on a website

5 0
3 years ago
Solve the exponential equation by taking the logarithm on both sides. 5^(x+8)=7
rodikova [14]
<h2>Answer:</h2>

x = (log₅7) - 8

<h2>Explanation:</h2>

<em>Given;</em>

5^{x+8} = 7

<em>Take log of both sides;</em>

log₁₀(5^{x+8}) = log₁₀7               -------------(ii)

<em>From the laws of logarithm remember that;</em>

logₐ xⁿ = n logₐ x

<em>Equation (ii) can then be written as;</em>

(x + 8)log₁₀5 = log₁₀7

<em>Divide both sides by log₁₀5</em>

(x + 8) = \frac{log_{10}7}{log_{10}5}                -----------(iii)

<em>From the laws of logarithm, remember that;</em>

\frac{log_{a}x}{log_{a}y} = log_yx

<em>Equation (iii) can thus be written as;</em>

(x + 8) = log₅7

x + 8 = log₅7

<em>Make x subject of the formula;</em>

x = (log₅7) - 8

7 0
3 years ago
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